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2020
Acoustic Camera Market

Acoustic Camera Market

by Array Type (2D and 3D), Measurement Type (Far Field and Near Filed), Application (Noise Source Detection, Leak Detection, and Others), and End Use (Industrial, Aerospace & Defense, Infrastructure, Energy & Power, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

Report Code: A05497
Pages: 244
Feb 2020 | 7419 Views
Author(s) : Shantanu S
Tables: 96
Charts: 52
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Acoustic Camera Market Outlook - 2026

The global acoustic camera market was valued at $122.63 million in 2019, and is projected to reach $274.57 million by 2026, registering a CAGR of 11.3% from 2020 to 2026.

Acoustic camera is used to detect, locate, identify, and categorize the sound source. It collects signals simultaneously and process it to represent the location of the sound source. Acoustic camera consists of a microphone array from which signals are collected and processed simultaneously to form an image of the location of the sound source. These cameras are being increasingly utilized to combat noise pollution in metropolitan cities. In addition, these cameras are also being used in mapping rocks and for identifying faults in machinery and mechanical parts.

Acoustic Camera Market 2019-2026

The acoustic camera is used for the quick identification of mid- to high-frequency noise sources. Live measurements are possible using far-field beamforming and near-field holography measurements for detailed analysis of noise radiating from its source at a given frequency. Images are animated and sound are recorded for further analysis and to demonstrate the phase or sound wave. These cameras are designed to provide qualitative data in the form of noise maps.

As per acoustic camera market analysis, a wide range of noise sources can be tested using acoustic cameras. For instance, Ventac, a company based in Ireland uses acoustic cameras to test passenger vehicles, industrial vehicles, heavy machinery, and electronic equipment. This enhanced technology allows users among various industry vertical to conduct detailed noise source identification analysis, providing targeted solutions for noise problems.

Acoustic Camera Market
By Array Type

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3D is expected to be the most lucrative segment

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According to acoustic camera market trends, Asia-Pacific is leading the acoustic camera market and is expected to be the fastest growing regional segment in the near future, with the highest CAGR. With an increase in demand for security and surveillance systems, organizations across verticals are realizing the importance of acoustic cameras to ensure efficient detection.

Acoustic Camera Market
By Measurement Type

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Near Filed generated the highest revenue in 2019

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The factors such as maintenance optimization by various industries to ensure safety and efficient performance of the machines, increase in usage of acoustic cameras in oil & gas and power generation projects, and stringent safety government regulations drive the growth of the acoustic camera market globally. However, high manufacturing and maintenance cost of acoustic cameras hampers the market growth to a certain extent. Furthermore, increase in use of advance NDT equipment offers lucrative opportunities for the acoustic camera market growth globally.

Acoustic Camera Market
By Application

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Leak detection is expected to be the most lucrative segment

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SEGMENTATION

The global acoustic camera market size is segmented on the basis of array type, measurement type, application, end use, and region. By array, the market is analyzed across 2D and 3D. By measurement type, the market is bifurcated into far field and near field. By application, the market is studied across noise source detection, leak detection, and others.  By end use, the market is divided into industrial, aerospace & defense, infrastructure, energy & power, automotive, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA, along with its prominent countries.

Acoustic Camera Market
By End Use

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Industrial segment generated the highest revenue in 2019

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The key players profiled in the acoustic camera industry include GFAI Tech GmbH, Bruel & Kjaer, CAE Sofwtare & Systems, Siemens PLM Software (Siemens AG), Signal Interface Group, Inc., Norsonic AS., Sorama, ZIEGLER-Instruments, Microflown, and Polytec GmbH. These key players have adopted strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.

Acoustic Camera Market
By Region

2026
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific region is expected to be the most lucrative segment

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These key players adopt several strategies such as new product launch and development, acquisition, partnership, collaboration, and business expansion to increase the acoustic camera market share during the forecast period.

TOP IMPACTING FACTORS

The factors such as maintenance optimization by various industries to ensure safety & efficient performance, increase in usage of acoustic cameras in oil & gas and power generation projects, stringent safety government regulations, high manufacturing and maintenance cost of acoustic cameras, and increase in use of advance NDT equipment are expected to significantly impact the growth of the global acoustic camera market size.

Maintenance optimization by various industries to ensure safety and efficient performance of the machines

Acoustic cameras are used to identify and locate sound and its frequencies to identify defects in material properties before they cause equipment or infrastructure failure. They are used to maximize both tester and tested product safety. Most of the tests are completely harmless to users. Acoustic camera acts as a preventive measure in industries where volatile or high-pressure equipment and machinery are manufactured or used. The main aim of acoustic camera is to identify and resolve issues that otherwise would prove harmful. In addition, acoustic camera is reliable as it eliminates the risk of oversight or inaccuracy. Considering these factors, the impact of this driver is currently high, and is expected to remain so during the forecast period.

High manufacturing and maintenance cost of acoustic camera

Acoustic camera is quite expensive and faces significant obstacles for its adoption majorly in the developing nations. Lack of adequate funding from the government in developing countries such as Qatar, South Korea, and others for the adoption of the security technologies in various end uses hamper the growth of the market. The use of enhanced technology involves major investment, which acts as a barrier for the acoustic camera market. The installation and maintenance of these cameras are usually high, which increases the cost of the technology. Thus, initial investment acts as a major threat to the developing regions or small enterprises and hampers the growth of the acoustic camera market share.

Increase in usage of advance NDT equipment

Advancement in technology in the non-destructive testing equipment acts as an opportunity in the acoustic camera market as it offers more reliable and accurate inspection data. Advanced technologies in this equipment include eddy-current array and phased array ultrasonic, which provide superior ways of presenting data and generate inspection reports of advanced value to consumers. For instance, phased array ultrasonic produces an image that can interpret a color-coded c-scan. Similarly, a color-coded eddy-current array c-scan is used to interpret the accurate characteristics of the material. Therefore, this advanced NDT equipment are expected to offer lucrative acoustic camera market opportunity with future trends and innovations.

Key Benefits for Stakeholders

  • This study includes the analytical depiction of the global acoustic camera market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information regarding the key drivers, restraints, and opportunities in the acoustic camera market.
  • The acoustic camera market growth is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Acoustic Camera Market Report Highlights

Aspects Details
By Array Type
  • 2D
  • 3D
By Measurement Type
  • Far Field
  • Near Field
By Application
  • Noise Source Detection
  • Leak Detection
  • Others
By End Use
  • Industrial
  • Aerospace & Defense
  • Infrastructure
  • Energy & Power
  • Automotive
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players GFAI TECH GMBH, BRUEL & KJAER, CAE SOFWTARE & SYSTEMS, SIEMENS PLM SOFTWARE (SIEMENS AG), SIGNAL INTERFACE GROUP, INC., NORSONIC AS., SORAMA, ZIEGLER-INSTRUMENTS, MICROFLOWN, POLYTEC GMBH
 

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The acoustic camera market is highly competitive, owing to the strong presence of the existing vendors. Acoustic camera vendors, who have access to extensive technical and financial resources are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the global market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by the key vendors.

The acoustic camera market is gaining traction, owing to increased demand of the acoustic cameras over various industry verticals such as entertainment, energy & power, transportation, and automotive. In addition, rise in the R&D investments by key players further drive the market growth during the forecast period.

Among the analyzed geographical regions, North America exhibits the highest adoption of acoustic cameras and has been experiencing massive expansion of the market. However, Asia-Pacific is expected to grow at a faster pace, predicting lucrative growth due to emerging countries such as China, Japan, and India investing in these technologies. Regions such as the Middle East and Africa are also expected to experience new growth opportunities in the coming future.

The key players profiled in the report include GFAI Tech GmbH, Bruel & Kjaer, CAE Sofwtare & Systems, Siemens PLM Software (Siemens AG), Signal Interface Group, Inc., Norsonic AS., Sorama, ZIEGLER-Instruments, Microflown, and Polytec GmbH.

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FREQUENTLY ASKED QUESTIONS?

A. The Global Acoustic Camera Market is expected to grow at a CAGR of 11.3% from 2019 to 2026.

A. The Global Acoustic Camera Market is projected to reach $274.57 million by 2026.

A. To get the latest version of sample report

A. Maintenance optimization by various industries to ensure safety and efficient performance of the machines, increase in usage of acoustic cameras in oil & gas and power generation projects, and stringent safety government regulations drives the growth of Acoustic Camera Market.

A. The key players profiled in the report include GFAI Tech GmbH, Bruel & Kjaer, CAE Sofwtare & Systems, Siemens PLM Software (Siemens AG), Signal Interface Group Inc., Norsonic AS., Sorama, ZIEGLER-Instruments, Microflown, and Polytec GmbH.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Acoustic Camera Market is segmented on the basis of array type, measurement type, application, end use, and region.

A. The key growth strategies of Acoustic Camera market players include product launch, partnership, acquisition, expansion, product enhancement, and collaboration.

A. The Near Field segment had generated the highest revenue in 2019.

A. Asia-Pacific region is expected to be the most lucrative segment.

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