Automotive Stereo Camera Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: Sep 2020
  • Pages: 120
  • SKU: IRTNTR44967
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The automotive stereo camera market size has the potential to grow by USD 425.68 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (passenger cars and commercial vehicles) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Autoliv Inc., Continental AG, Hisense International Co. Ltd. , Hitachi Ltd., LG Electronics Inc., Ricoh Co. Ltd., Robert Bosch GmbH, Veoneer Inc., ZF Friedrichshafen AG, and ZMP Inc.

What will the Automotive Stereo Camera Market Size be in 2020?

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Who are the Major Automotive Stereo Camera Vendors?

The automotive stereo camera market is fragmented. The market players and automobile manufacturers are focusing on reducing the cost of stereo cameras, owing to the increasing demand from the consumers. As a result, the stereo camera manufacturer that first attains reduced manufacturing costs will attain a competitive edge over the others. Autoliv Inc., Continental AG, and Hisense International Co. Ltd. are some of the major market participants. Although the growing demand for automotive safety solutions will offer immense growth opportunities, the integration of LiDAR acting as a potential substitute will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this automotive stereo camera market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive stereo camera market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Autoliv Inc.
  • Continental AG
  • Hisense International Co. Ltd. 
  • Hitachi Ltd.
  • LG Electronics Inc.
  • Ricoh Co. Ltd.
  • Robert Bosch GmbH
  • Veoneer Inc.
  • ZF Friedrichshafen AG
  • ZMP Inc.

Which are the Key Markets for Automotive Stereo Camera?

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North America was the largest automotive stereo camera market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increased penetration of safety features in luxury cars will significantly drive automotive stereo camera market growth in this region over the forecast period.

35% of the market’s growth will originate from North America during the forecast period. The US is a key market for automotive stereo cameras in North America. Market growth in this region will be faster than the growth of the market in Europe.

What are the Major Application Segments in the Automotive Stereo Camera Market?

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With advanced safety, security, connectivity, and propulsion features, the automobile sector has taken many leaps toward autonomous vehicle technology over the past 10 years. These innovations are slowly increasing their market penetration due to numerous factors, such as high consumer expectation, intensive competition between OEMs, and stringent government regulations regarding vehicle safety and fuel efficiency. During the forecast period, the adoption of vehicular safety systems and related components like stereo cameras is expected to increase in passenger cars globally. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive stereo camera market size.

How will Concerns about Vehicle Safety Influence Automotive Stereo Camera Market Growth?

The demand for automotive safety features such as ACC systems, FCW systems and lane assists systems is increasing at a rapid pace. The increasing concerns about vehicle safety is a key driving factor for the development of advanced automotive safety systems. These systems are integrated with stereo cameras which help in detecting obstacles surrounding a vehicle and are more beneficial than radar-based ADAS like traffic sign recognition. Stereo cameras are considered an ideal fitment for increasing the effectiveness of ADAS. With the growing awareness of safety systems and technologies, these advanced systems are not just confined to the premium vehicles and the demand for installation of such systems is increasing across all vehicle segments. Thus, the usage of advanced safety systems will be directly proportional to the demand for the installation of stereo cameras which, in turn, will drive growth in the automotive stereo camera market at a CAGR of over 8% during the forecast period.

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What are the Key Factors Covered in this Automotive Stereo Camera Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive automotive stereo camera market growth during the next five years
  • Precise estimation of the automotive stereo camera market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive stereo camera industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive stereo camera market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Passenger cars - Market size and forecast 2019-2024
  • Commercial vehicles - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Autoliv Inc.
  • Continental AG
  • Hisense International Co. Ltd. 
  • Hitachi Ltd.
  • LG Electronics Inc.
  • Ricoh Co. Ltd.
  • Robert Bosch GmbH
  • Veoneer Inc.
  • ZF Friedrichshafen AG
  • ZMP Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The automotive stereo camera market growth will increase by $425.68 million during 2019-2024.
The automotive stereo camera market is expected to grow at a CAGR of 8.13% during 2019-2024.
Technavio has segmented the automotive stereo camera market by application (Passenger cars and Commercial vehicles) and geographic (North America, Europe, APAC, South America, and MEA).
Autoliv Inc., Continental AG, Hisense International Co. Ltd. , Hitachi Ltd., LG Electronics Inc., Ricoh Co. Ltd., Robert Bosch GmbH, Veoneer Inc., ZF Friedrichshafen AG, ZMP Inc. are a few of the key vendors in the automotive stereo camera market.
North America will register the highest growth rate of 35.32% among the other regions. Therefore, the automotive stereo camera market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the automotive stereo camera market growth are:
  • Growing demand for automotive safety solutions
The automotive stereo camera market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
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