Acoustic Camera Market Growth, Trends, Absolute Opportunity and Value Chain 2022-2030 – SMU Daily Mustang
the global acoustic cameras market the size should go from 144.3 million USD in 2020 for $274.3 million by 2027, at a CAGR of 11.3% from 2021 to 2027. An acoustic camera is an imaging device used to locate sound sources and identify them. An acoustic camera uses the ability of a microphone array with a camera to identify decayed sound intensities. Recently, various models of acoustic cameras provide real-time feedback of sound intensities on the screen that the user can triangulate at several points.
The Acoustic Camera is used for the rapid identification of medium to high frequency noise sources. Live measurements are possible using far-field beamforming and near-field holography measurements for the complete analysis of noise radiating from its source at a specified frequency. Images are recorded and animated to further analyze and demonstrate the phase or sound wave. These cameras are intended to provide qualitative data in the form of noise maps.
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Factors, for example, maintenance and optimization by various organizations to ensure efficient machine performance and safety, increased use of acoustic cameras in oil and gas and power generation projects , along with stringent government security rules and regulations that will drive the growth of the global Acoustic Camera market. However, high manufacturing and maintenance costs of acoustic cameras are hampering the market growth to some extent. Additionally, the increase in advanced NDT equipment offers lucrative opportunities to expand the acoustic camera market globally.
Global Acoustic Camera Market Dynamics
Drivers: Optimization of maintenance by various companies to ensure the safety and proper functioning of the machines
Acoustic cameras are used to recognize and locate sound and its frequencies to identify defects in material properties that have previously caused equipment or organizational failure. They are used to maximize both testers and tested products that are safe. Most tests are harmless to users. The acoustic camera acts as a defensive measure in production enterprises where volatile high-pressure machinery and equipment is used or manufactured. The primary purpose of the Acoustic Camera is to identify and resolve issues that may be hazardous. In addition, an acoustic camera is reliable because it excludes the risk of inaccuracy or forgetting. Given these reasons, the impact of this driver is currently high and is expected to remain so during the forecast period.
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Constraints: High cost of manufacturing and maintaining the acoustic camera
The acoustic camera is quite expensive and faces significant barriers for its adoption, mainly in developing countries. Lack of adequate government money in developing countries such as Qatar, South Korea and others to adopt the security technologies in various end uses is hampering the growth of the market. The improved technology includes major investments, which act as a barrier for the acoustic camera market. The maintenance and installation of these cameras are usually high, which increases the cost of the technology. Therefore, initial investment is a major threat to developing regions or small businesses and hinders market growth.
Opportunities: increased use of advanced NDT equipment
Advancement in non-destructive testing equipment technology is an opportunity in the acoustic camera market as it offers more accurate and reliable inspection data. The advanced technologies of this equipment contain eddy current and phased array ultrasound, which provide excellent means to present data and generate advanced value inspection reports for customers. For example, a phased array ultrasonic produces the image that can interpret a color-coded c-scan. Additionally, a color-coded eddy current c-scan is used to analyze the precise characteristics of the material. Therefore, this advanced NDT equipment is expected to drive future trends and innovations in acoustic cameras.
The study categorizes the Acoustic Camera market based on network type, measurement type, application, end-use, and regions.
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Outlook by Berry Type (Sales, USD Million, 2017-2027)
By Type of Measure Outlook (Sales, USD Million, 2017-2027)
By Outlook App (Sales, USD Million, 2017-2027)
- Noise source detection
- Leak detection
By End-Use Outlook (Sales, USD Million, 2017-2027)
- Aerospace and Defense
- Energy and power
Outlook by Region (Sales, USD Million, 2017-2027)
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)
The 2D segment is expected to account for the largest market share by array type
By array type, the market is split into 2D and 3D. The 2D segment was the largest contributor to the market, with a market share of 56.4% in 2020. The 2D acoustic camera uses a unidirectional microphone array to map the image of the targeted area. These acoustic cameras are best suited for flat surfaces examined from perpendicular deployments. Acoustic cameras are used for automotive, transportation, defense, and aerospace applications, among other industry verticals. Growing adoption of automated systems for site imaging and mapping in various applications such as manufacturing plants and warehouses is driving the market demand. These cameras are being deployed in automotive shops and factories for variant analysis and other measurement processes, which is expected to drive the demand for these cameras.
Asia-Pacific accounts for the highest CAGR during the forecast period
Based on regions, the global acoustic cameras market has been segmented into North America, Asia-Pacific, Europe, South America, and Middle East & Africa. Asia-Pacific is the fastest growing region in the world. It is the most profitable market for acoustic cameras owing to the availability of high-end advanced technologies, increased demand for smart electronics, and growth in manufacturing industries. Additionally, various technology development support non-profit organizations are fueling the growth of the market.
After Asia-Pacific, Europe is the fastest growing region during the forecast period 2021-2027. Technological advancements in various industrial sectors and increasing spending power of residents are contributing to the growth of the acoustic camera market in Europe. In addition, the rapid increase in sales of high-end digital cameras in 2018 is promoting the development of acoustic cameras in Europe, which is driving market growth in this region.
Main market players
Key Players summarized in this report are CAE Software & Systems, Siemens PLM Software (Siemens AG), GFAI Tech GmbH, Bruel & Kjaer, Signal Interface Group, Inc., Norsonic AS., Sorama, Microflown, ZIEGLER-Instruments and Polytec. GmbH. These major players have adopted market strategies such as mergers and acquisitions, product portfolio expansion, geographic expansion, collaborations and agreements to enhance their market penetration.
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