Sunday 17 May 2020

Acoustic Camera Market | Industry Analysis and Market Forecast to 2024 | MarketsandMarkets


The acoustic camera market is expected to grow from USD 128 million in 2019 to USD 159 million by 2024—growing at a CAGR of 4.4% during the forecast period. Factors driving the demand for these sensors include the growing adoption of room and building acoustics, and emerging audio and video combined microphone and camera array technology.

Noise source identification and leakage detection applications to boost market for acoustic cameras during forecast period

Based on application, the acoustic camera market for noise source identification is expected to hold the largest share during the forecast period. This growth is attributed to the increasing demand for noise source identification application from various industries, such as aerospace, automotive, and infrastructure.

Far-field measurement type to drive market for acoustic cameras during forecast period

The acoustic camera market for near-field measurement type is expected to grow at the highest CAGR during the forecast period. In a few applications, more than one microphone is required to accurately capture the energy borne by circulating and propagating waves. Due to its accuracy, the near-field measurement type is likely to witness high demand during the forecast period, whereas far-field measurement type is expected to hold the largest share of the said market as it is widely used for most critical frequencies and applications, resulting in high demand from end-use industries.

Automotive to hold largest share during forecast period.

Automotive is expected to be the leading industry for the acoustic camera market. Automotive is growing rapidly due to upcoming technologies and new additions such as electric vehicles and autonomous cars. Testing of noise, vibration, and harshness has up-scaled with these new technologies. As a result, the demand for acoustic cameras is increasing in automotive for buzz, squeak, and rattle (BSR) concerns in vehicles and production procedures. Automotive holds the largest share in APAC due to advance manufacturing process available in countries such as China and Japan.


APAC to be fastest-growing market during forecast period

Automotive and energy & power industries in APAC showed significant growth in the past few years. The growth in these industries has been propelled by a huge population shift and an increase in disposable income, which has prompted a higher demand for products in APAC. Manufacturers are adopting new techniques in manufacturing to reduce cost, save time, and improve product quality. These factors will continue to propel the demand for acoustic cameras in these industries in APAC during the forecast period.

Key Market Players

A few major vendors in the acoustic camera market include gfai tech GmbH (Germany), BRÜEL & KJÆR (Denmark), CAE Software and Systems GmbH (Germany), Siemens PLM Software (US), Signal Interface Group (US), and Norsonic AS (Norway).

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