According to a recent report published by Allied Market Research, titled, “Acoustic Camera Market by Array Type, Measurement Type, Application, and End Use: Global Opportunity Analysis and Industry Forecast, 2019-2026,” 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.
An acoustic camera is an imaging device that is used to locate sound sources and to identify them. Acoustic camera uses the capability of a microphone array with a camera to identify the carious sound intensities. During the recent times, various models of acoustic cameras provide real-time feedbacks of sound intensities on the screen that the user can triangulate to various spots, driving the acoustic camera market size.
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, Asia-Pacific is the fastest growing region globally. It is the most lucrative market for acoustic cameras due to availability high-end enhanced technologies, increase in demand for smart electronics, and growth in manufacturing industries. Moreover, various supportive non-profit organizations toward technology development fuels the market growth. 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, thus driving the acoustic camera market growth.
According to acoustic camera market trends, energy and power segment use various big machines, turbines, and generator. The system and heavy machineries for efficient working requires the need of noise detection. This creates the need for deployment of acoustic camera. The growth in the energy sector toward sustainable development and rise in need of energy & power for residential, commercial, and industrial sector drives the market. Furthermore, to meet the demand of power, the generation plants need to work efficiently. This efficiency is maintained when incase of any failures, the error is located, and an image of noise insight is created. Therefore, increasing the acoustic camera market opportunity.
China uses next-generation speed cameras to catch speedy drivers. These roadside cameras can catch unruly drivers, just by looking at the scratches on their car or any irregularities in the paintwork. In China, acoustic cameras can catch honking drivers with an accuracy rate of 92-95%. These cameras are being used in 40 cities and are working by capturing a two second film of a honking car. This is regarded as a first step to link car honking with penalties for a driver. In addition, acoustic cameras are now being used at busy intersections in New Delhi, which is helping organizations to capture drivers by alerting authorities and locating the source. Social service organization conducted a trial on April 2019, by using acoustic cameras at busy roads near AIIMS. This trial is a part of Hands Off the Horn (HOTH) campaign, which will be used to identify violators. All these factors are expected to drive the acoustic camera market growth globally.
Key Findings of the Study
- Based on array type, the 2D segment generated the highest revenue in the global acoustic camera market forecast in 2019.
- Based on application, the noise source detection segment generated the highest revenue in the global acoustic camera market share in 2019.
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. These key players adopt several strategies such as new product launch and development, acquisition, partnership and collaboration, and business expansion to increase the global acoustic camera market share during the forecast period.