NEW YORK , Oct. 3, 2023 /PRNewswire/ — The automotive stereo camera market size is estimated to grow by USD 534.29 million from 2022 to 2027, growing at a CAGR of 8.75%. The automotive stereo camera market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer automotive stereo camera market are Autoliv Inc., Continental AG, DENSO Corp., Fluke Corp., Gentex Corp., HELLA GmbH and Co. KGaA, Hitachi Ltd., Hyundai Motor Group, Intel Corp., LG Electronics Inc., Magna International Inc., Mobileye Technologies Ltd., NVIDIA Corp., Panasonic Holdings Corp., Ricoh Co. Ltd., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Teledyne Technologies Inc., Veoneer Inc., and ZF Friedrichshafen AG. The report provides a full list of key companies, their strategies, and the latest developments. Download Free Sample before buying
Company Offering:
- Autoliv Inc. – The company offers automotive stereo cameras such as EuroNCAP.
- Continental AG – The company offers automotive stereo cameras such as Rareview and surround view cameras.
- DENSO Corp. – The company offers automotive stereo cameras for minicars.
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By Geography, the market is classified as North America, Europe, APAC, South America, Middle East, and Africa. North America will have the largest share of the market.
- North America is estimated to contribute 35% to the growth of the global market during the forecast period. In North America, the US is an important contributor to the automotive stereo camera market. The demand for stereo cameras is growing in the country because of safety features that are being used more frequently in luxury cars. The demand for stereo cameras in the region is increasing due to the high adoption of active safety technologies such as AEBS automatic emergency braking systems through ADAS. One of the early markets to adopt AEBS was the US automobile market. Additionally, legislation related to the adoption of advanced safety systems plays a key role in the wider adoption of automotive stereo cameras in the region. Hence, these factors are expected to drive market growth in the region during the forecast period.
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- Impactful driver- Growing demand for automotive safety solutions
- Key Trend – Development of the smallest stereo video camera
- Major Challenges – High costs associated with stereo cameras
Market Segmentation
- By Application, the market is classified into passenger cars and commercial cars. The passenger car segments are estimated to witness significant growth during the forecast period. The development of the economy and demographic situation in each region influences the demand for passenger cars. The passenger car segment is still at the forefront of the market based on its use, both in volume and value. There are only a few models that have preconfigured stereo cameras despite the great growth in the Asian passenger car market. High-quality pictures of the vehicle’s surroundings are obtained by a stereo camera which is included with various advanced driver assistance systems. Hence, these factors are expected to drive segment growth during the forecast period.
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Automotive Stereo Camera Market Scope |
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Report Coverage |
Details |
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Historic period |
2017-2021 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.75% |
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YoY growth 2022-2023 (%) |
8.25 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Key countries |
US, China, Japan, Germany, and the UK |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About US
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SOURCE Technavio
