Global Acoustic Camera Market Grows at a Staggering CAGR of 11.1%

Introduction

Acoustic cameras are imaging devices used to identify and locate sound sources. An acoustic camera identifies the various sound intensities by combining the capabilities of a microphone array with a camera. Recently, various models of acoustic cameras have provided real-time feedback on sound intensities on display, allowing the user to triangulate specific locations based on sound levels. The acoustic camera is utilized to identify sources of mid-to high-frequency noise rapidly. Real-time near-field holography and far-field beamforming measurements can comprehensively investigate noise emanating from its source at a specific frequency.

Market Dynamics

Industrial Maintenance Optimization for Machine Safety and Efficiency Drives the Global Market

Acoustic cameras identify and locate sounds and frequencies to detect material defects before infrastructure and equipment failure. They are used to enhance the security of both verified and untested products. The vast majority of experiments pose no danger to participants. The acoustic camera is a preventative measure in industries that manufacture or utilize volatile or high-pressure equipment and apparatus. In addition, the major purpose of the acoustic camera is to detect and repair potentially hazardous issues. A reliable acoustic camera eliminates the prospect of error or inaccuracy. Given these factors, the influence of this driver is currently substantial and is anticipated to remain so throughout the forecast period.

Increasing Usage of Advance NDT Equipment Creates Tremendous Opportunities

The market for acoustic cameras is poised for expansion as nondestructive testing technology develops to deliver more precise and trustworthy inspection data. Eddy-current array and phased array ultrasonic are two cutting-edge technologies in this apparatus that provide efficient methods for displaying data and generating inspection reports of high value to consumers. For instance, phased array ultrasonic produces an image that can decipher a color-coded c-scan. Similarly, a color-coded eddy-current array c-scan is used to decipher the substance's precise properties. Therefore, this advanced NDT apparatus is anticipated to create opportunities for future developments and trends in acoustic camera technology.

Regional Analysis

Asia-Pacific is the most significant global acoustic camera market shareholder and is anticipated to exhibit a CAGR of 12.0% during the forecast period. Asia-Pacific is presently the largest market for acoustic cameras, and this region is expected to experience the fastest growth over the next few years. Owing to the availability of high-end enhanced technologies, the surge in demand for smart electronics, and the expansion of manufacturing industries, it is the most lucrative market for acoustic cameras. In addition, the expansion of the market is fueled by the efforts of various non-profit organizations that promote technological advancement.

Additionally, China is the leading contributor to revenue in this region. China employs advanced speed cameras to catch speeding motorists. These roadside cameras can identify disobedient drivers based solely on the imperfections or blemishes on their vehicles' paintwork. In China, acoustic cameras can detect honking vehicles with a 92-95 percent accuracy rate. These cameras are utilized in forty cities and function by capturing a two-second film of an automobile horn. This is the first stage in connecting car horns and driver penalties.

Europe is estimated to exhibit a CAGR of 8.8% over the forecast period. North America is one of the major contributors to the global acoustic camera market due to technological advancements, innovations, and investments in relevant industries. Due to the region's extensive adoption of sensor technologies, IoT, and cloud computing, the North American market has expanded. Smart transportation infrastructure, such as smart parking, electronic toll collection, and smart traffic management systems, are more pervasive in this region due to the increased adoption of acoustic cameras, which is anticipated to drive market expansion. In addition, the U.S. Department of Homeland Security's Transportation Security Administration (TSA) assures the safety of Americans traveling abroad. The U.S. Secret Service began testing a facial recognition system that employs security cameras to capture images of people outside the White House and match their identities on November 19, 2018. These factors drive regional market expansion.

Key Highlights

• The global acoustic camera market was valued at USD 16 million in 2022. It is estimated to reach USD 433.24 million by 2031, growing at a CAGR of 11.1% during the forecast period (2023–2031).
• Based on array type, the global acoustic camera market is segmented into 2D and 3D. The 2D segment owns the highest market share and is estimated to exhibit a CAGR of 9.7% during the forecast period.
• Based on measurement type, the global acoustic camera market is bifurcated into the far field and near field. The near-field segment dominates the global market and is projected to exhibit a CAGR of 10.4% over the forecast period.
• Based on application, the global acoustic camera market is divided into noise source detection, leak detection, and others. The noise source detection segment is the highest contributor to the market and is estimated to exhibit a CAGR of 9.61% over the forecast period.
• Based on end-user, the global acoustic camera market is divided into industrial, aerospace and defense, infrastructure, energy and power, automotive, and others. The industrial segment is the largest revenue contributor to the market and is expected to exhibit a CAGR of 10.2% over the forecast period.
• Asia-Pacific is the most significant global acoustic camera market shareholder and is anticipated to exhibit a CAGR of 12.0% during the forecast period.

Competitive Players

Competitive Players

The key players in the global acoustic camera market are GFAI Tech GmbH, Bruel & Kjaer, CAE Software & Systems, Siemens PLM Software (Siemens AG), Signal Interface Group, Inc., Norsonic AS., Sorama, ZIEGLER-Instruments, Microflown, and Polytec GmbH.

Recent Developments

Market News

• In July 2022, Cochl unveiled AI-based acoustic traffic monitoring that automates the detection of automobile collisions and loud engine failures.
• In July 2022, Teledyne Technologies Incorporated ("Teledyne") announced the acquisition of a majority stake in Noiseless Acoustics Oy ("NL Acoustics"). Helsinki, Finland-based NL Acoustics designs and manufactures acoustics imaging instruments and predictive maintenance solutions.

Segmentation

Global Acoustic Camera Market: Segmentation

By Array Type

• 2D
• 3D

By Measurement Type

• Near Field
• Far Field

By Applications

• Noise Source Detection
• Leak Detection
• Others

By End-User

• Industrial
• Aerospace and Defense
• Infrastructure
• Energy and Power
• Automotive
• Others

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA