Date: Sep 2021
Acoustic Camera Market worth USD 274.3 million by 2027
The Market Statsville Group (MSG) publishes the new report on the "Acoustic Camera Market by Array Type (2D and 3D), by Measurement Type (Near Field, and FarField), by Application (Noise Source Detection, Leak Detection, and Others), by End-Use (Industrial, Aerospace & Defense, Infrastructure, Energy & Power, Automotive, and Others), by Region – Global Share and Forecast to 2027". The global acoustic camera market size is expected to grow from USD 144.3 million in 2020 to USD 274.3 million by 2027, at a CAGR of 11.3% during the forecast period. An increase in urbanization & industrialization is expected to result in growth in waste generation. In addition, the rise in residential and commercial sectors has also led to a rise in the amount of waste. Furthermore, environmental problems such as soil, air pollution, and water have increased, owing to unplanned waste dumping over the last few years. In addition, an increase in environmental awareness has significantly fueled demand for waste management in developed countries and is incorporating rapidly in developing countries. Moreover, an increase in innovative city initiatives, specifically in North America and Europe, is expected to propel the growth of the acoustic camera market. On the contrary, substantial capital investments required and a lack of efficient connectivity are anticipated to hamper the development of the global acoustic camera market.
Global Acoustic Camera Market Segmentation
The overall acoustic camera market has been segmented into the array type, measurement, application, end-use, and region.
- By Array Type (2D and 3D)
- By Measurement Type (Near Field and Far-Field)
- By Application (Noise Source Detection, Leak Detection, and Others)
- By End-Use (Industrial, Aerospace & Defense, Infrastructure, Energy & Power, Automotive, and Others)
- By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
Near-Field, by measurement type, is estimated to hold the largest market share during the forecast period
By measurement type, the market is analyzed across the near-field and far-field measurement types. The near field segment was the highest contributor to the market in 2020. Near-field acoustic cameras are used for imaging the physical quantities that are closer to their source. These cameras are deployed to generate detailed images of physical quantities in a nearer environment over vast broadband. The generated images can be animated and record sound for further analysis and demonstrate the phase or sound wave.
Near-field, acoustic cameras are used in automotive measurement and noise source detection, among other applications. They can measure a vast frequency range and map the pressure, particle velocity, or intensity results. These cameras are used very close to the noise source and work best on relatively flat structures. Therefore, the abilities of the near field acoustic cameras increase its market demand.
The Asia Pacific accounts for the largest market share in the acoustic camera market 2020
The market is analyzed across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia-Pacific is foremost the acoustic camera market and is projected to be the fastest-growing regional segment in the near future, with the uppermost CAGR. With the increased demand for security and surveillance systems, organizations across verticals realize the importance of acoustic cameras to ensure efficient detection.
China uses next-generation speed cameras to catch speeding drivers. These roadside cameras can catch unruly drivers by looking at the scratches on their cars or any irregularities in the paintwork. In China, acoustic cameras can see honking drivers with an accuracy rate of 92-95%. These cameras are being used in 40 towns and capture a two-second film of a honking car. This is regarded as the first step to link car honking with penalties for a driver.
This research report includes a study on the development and marketing strategies and a survey of the product portfolios and winning strategies of the leading companies operating in the acoustic camera market. It also consists of leading companies such as CAE Software & Systems, GFAI Tech GmbH, Bruel & Kjaer, Siemens PLM Software (Siemens AG), Norsonic AS., Sorama, Signal Interface Group, Inc., Microflown, Polytec GmbH, and ZIEGLER-Instruments. These market players have focused on acquisitions and expansion to gain a larger market share in the acoustic camera market.
Browse complete report: https://www.marketstatsville.com/acoustic-camera-market
About Market Statsville Group
Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.
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