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LONDON--(BUSINESS WIRE)--The global automotive stereo camera is expected to grow by USD 425.68 million during 2020-2024 and register a CAGR of over 8% during the forecast period. The market saw reduced demand for automotive products such as automotive stereo cameras in 2020 owing to the COVID-19 pandemic. In addition, the weakening of the US dollar has left a negative impact on the import of raw materials required to manufacture stereo camera products. Hence the market is experiencing negative year-over-year growth in 2020. However, the market is expected to gain traction over the forecast period owing to the high adoption of active safety systems such as automatic emergency braking systems (AEBS) through ADAS. Grab a free sample report to know more! It doesn't take more than a minute to find it in your inbox. The automotive stereo camera market is fragmented, and the degree of fragmentation will increase during the forecast period. 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. are some of the major market participants. The growing demand for automotive safety solutions will offer immense growth opportunities to vendors. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Automotive Stereo Camera Market 2020-2024: Segmentation Automotive Stereo Camera Market is segmented as below: Get a free sample report to learn more about the global trends impacting the future of market research. Automotive Stereo Camera Market 2020-2024: Vendor Analysis and Scope To help businesses improve their market position, the automotive stereo camera market report provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include 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. The report also covers the following areas: The adoption of advanced safety systems is expected to emerge as one of the key trends of the market. However, the integration of LiDAR as a potential substitute may threaten the growth of the market. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Backed with competitive intelligence and benchmarking, our research reports on the automotive stereo camera market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support. Automotive Stereo Camera Market 2020-2024: Key Highlights Table of Contents: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Application Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Answer: COVID-19 to Have a Negative Impact on Automotive Stereo Camera Market | North America to Emerge as Key Growth Region | Technavio