Industry Background:
The global Acoustic camera market is expected to witness high demand in the forecasted period due to the rise in the automation process. Acoustic Camera was the first commercially viable system to localize acoustic emissions. An acoustic camera is an imaging tool that is generally used to locate sound sources and to characterize them. It is mainly used for real-time noise source identification, it is a versatile tool used mainly designed for automotive as well as aerospace industries. It is a lightweight, modular and flexible system used to detect, locate, identify, and categorize the sound source. Adoption of artificial intelligence & machine learning and stringent regulation against noise pollution drive the acoustic camera market. Therefore, the acoustic camera market is expected to witness considerable growth in the coming years. For instance, CAE Systems provides SoundCam that offers various benefits such as leakage detection, BSR noise of Dashboard, and sound of a coffee machine.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Dominating Application | Automotive |
Key Companies Profiled | gfai tech GmbH (Germany), BRÜEL & KJÆR (Denmark), CAE Software and Systems GmbH (Germany), Siemens PLM Software (United States), Signal Interface Group (United States), Norsonic AS (Norway), Sorama (Netherlands), Ziegler-Instruments GmbH (Germany) and Microflown Technologies (The Netherlands) |
According to AMA, the market for Acoustic Camera is expected to register a CAGR of 4.19% during the forecast period to 2028. This growth is primarily driven by Raising Awareness about Noise Pollution and Growing Automated Production Process.
Globally, a noticeable market trend is evident Growing Automotive Industry Across the World
The Electronic Equipment & Instruments sector in the Asia Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as gfai tech GmbH (Germany), BRÜEL & KJÆR (Denmark), CAE Software and Systems GmbH (Germany), Siemens PLM Software (United States), Signal Interface Group (United States), Norsonic AS (Norway), Sorama (Netherlands), Ziegler-Instruments GmbH (Germany) and Microflown Technologies (The Netherlands), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations.
Key Developments in the Market:
On December 2019, Brüel & Kjær Sound & Vibration Measurement A/S, the world’s leading supplier of advanced technology for measuring and managing the quality of sound and vibration, has released an update to its NVH Simulator software – the only comprehensive, interactive, experiential NVH (Noise, Vibration, and Harshness) virtual prototyping software of its kind in the market.
In August 2019, Pilotfish Taiwan is demonstrating its partnership with Sorama.
Influencing Trend:
Growing Automotive Industry Across the World and Emerging New Technologies in Automotive
Market Growth Drivers:
Raising Awareness about Noise Pollution and Growing Automated Production Process
Challenges:
Increasing Requirement for High Computational Power
Restraints:
High Manufacturing Cost associated with Acoustic Camera System
Opportunities:
Growing Adoption of Acoustics in Entertainment Venues and Introduction of Audio and Video Combined Microphone and Camera Array Technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Acoustic Camera Market
- Analysis about New Entrants in Acoustic Camera Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Acoustic Camera Study Sheds Light on
The Acoustic Camera Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Acoustic Camera industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Acoustic Camera industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.