The global acoustic camera market size was US$ 155.1 million in 2021. The global acoustic camera market is forecast to grow to US$ 371.3 million by 2030 by growing at a compound annual growth rate (CAGR) of 10.1% during the forecast period from 2022 to 2030.
An acoustic camera is a form of imaging device used to track sound sources and identify them. It is used in the quick identification of high-frequency noise sources.
Factors Influencing the Market
Acoustic cameras are used to find faults in material qualities by recognizing and locating sound and its frequencies. The wide applications of acoustic cameras in industrial, aerospace & defense, infrastructure, energy & power, and automotive are forecast to fuel the growth of the market.
The capabilities of the acoustic camera to eliminate the possibility of error is the significant driver driving the growth of the global acoustic camera market.
Advancements in the sector will fuel the growth of the acoustic camera market in the coming years. For instance, Siemens PLM Software introduced LMS Sound Camera in 2017. Moreover, Hottinger Baldwin Messtechnik GmbH and Brüel & Kjær inked a pact in 2018, which came into effect on January 1, 2019.
Advancements in non-destructive testing equipment are forecast to offer ample growth opportunities for the acoustic camera industry. On the contrary, the high cost associated with acoustic cameras is forecast to be a significant challenge in the growth of the acoustic camera market.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a negative impact on the global acoustic camera market, owing to the restrictions on manufacturing activities. In addition, various end-user industries, such as automotive and energy, witnessed significant downfall due to the pandemic. As a result, it hampered the acoustic camera market growth.
Regional Analysis
Asia-Pacific is forecast to emerge as the largest acoustic camera market due to the availability of high-end improved technologies. In addition, growing demand for smart electronics and expansion in manufacturing industries are forecast to surge the demand for acoustic cameras. Furthermore, industry growth is fueled by a number of supportive non-profit organizations dedicated to technological development.
The acoustic camera market in Europe will register a significant growth rate due to technological improvements in numerous economic sectors and improved purchasing power among inhabitants.
Competitors in the Market
Market Segmentation
The global acoustic camera market segmentation focuses on Array, Measurement, Application, End-Use, and Region.
By Array Type Outlook
By Measurement Type Outlook
By Application Outlook
By End-Use Outlook
By Regional Outlook
