Press release
At CAGR 11.3% Acoustic Camera Market to Reach $274.6 Mn by 2026 | Major Players are GFAI Tech GmbH, Bruel & Kjaer, CAE Sofwtare & Systems, Siemens PLM Software (Siemens AG), Signal Interface Group
Acoustic Camera Market
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Drivers, restraints, and opportunities
The acoustic camera market is gaining traction, owing to increased demand of the acoustic cameras over various industry verticals such as entertainment, energy & power, transportation, and automotive. In addition, rise in the R&D investments by key players further drive the market growth during the forecast period.
The 2D segment to continue its leadership status during the forecast period
Based on array type, the 2D segment held nearly three-fifths of the total share of the global acoustic camera market in 2019, and is expected to continue its leadership status during the forecast period. This is due to surge in usage in planer surface applications and deployment in automotive workshops and factories for variant analysis and other measurement processes.
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The noise source detection segment to maintain its lead position in terms of revenue by 2026
Based on application, the noise source detection segment accounted for the largest market share of the global acoustic camera market in 2019, holding more than one-third of the total share, and will maintain its lead position in terms of revenue during the forecast period. This is attributed to the adoption in aerospace, automotive, and manufacturing units for detection of any sort of noise source.
Asia-Pacific to lucrative opportunities, North America to trail
Based on region, Asia-Pacific contributed to the highest market share in terms of revenue, contributing to nearly two-fifths of the global acoustic camera market in 2019, and is estimated to continue its dominant share during the forecast period. Moreover, this region is estimated to witness the highest CAGR of 12.6% from 2020 to 2026.
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Market players holding largest pie
Brüel & Kjær
Norsonic AS
CAE Software, Systems GmbH
GFAI Tech GmbH
Signal Interface Group
Sorama
Ziegler-Instruments GmbH
Microflown Technologies
Siemens Product Lifecycle Management Software Inc.
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