Dublin, July 19, 2019 (GLOBE NEWSWIRE) -- The "Acoustic Camera Market by Array Type (2D and 3D), Measurement Type (Far Field and Near Field), Application (Noise Source Identification, Leakage Detection), Industry (Automotive, Infrastructure), and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The acoustic camera market was valued at USD 122.4 million in 2018 and is projected to reach USD 159.5 million by 2024; it is expected to grow at a CAGR of 4.44% from 2019 to 2024.
Key factors driving the growth of the acoustic camera market include the growing adoption of room and building acoustics, and emerging audio and video combined microphone and camera array technology. Strategies such as mergers and acquisitions adopted by market players are fueling the growth of the acoustic camera market. However, the adoption of inorganic strategies by established players is creating tight competition for new entrants and restricting the growth of the market.
gfai tech GmbH (Germany), BREL & KJR (Denmark), CAE Software and Systems GmbH (Germany), Siemens PLM Software (US), Signal Interface Group (US), and Norsonic AS (Norway) are among the players operating in the acoustic camera market. Acquisition and merger was the most adopted strategy by the key players operating in the market from 2016 to 2018.
2D array type to account for largest market size from 2019 to 2024
The 2D array type is expected to account for the largest share of the acoustic camera market during the forecast period. Depending on the nature of application, the geometry of a microphone array plays an important role in the formulation of processing algorithms. In a few cases, the regular geometry of microphones, such as square and rectangular arrays, simplifies the problem of noise source estimation. This growth is attributed to the rising demand for acoustic applications for planar surface.
APAC to be fastest-growing market for acoustic cameras from 2019 to 2024
APAC is likely to witness the highest CAGR in the said market during the forecast period. Increasing manufacturing facilities across various industries in this region and rising noise levels from manufacturing plants and its associated discomfort to humans are among the factors that are expected to drive the demand for acoustic camera solutions in this region.
Key Topics Covered
1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.4 Years Considered
1.5 Currency
1.6 Market Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Acoustic Camera Market
4.2 Acoustic Camera Market, By Measurement Type
4.3 Acoustic Camera Market in Europe, By Country and Industry
4.4 Acoustic Camera Market, By Application
4.5 Acoustic Camera Market, By Country (2018)
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Emerging New Technologies in Automotive
5.2.1.2 Increasing Automated Production Process
5.2.1.3 Increasing Awareness About Noise Pollution
5.2.2 Restraints
5.2.2.1 High Manufacturing Cost of Acoustic Camera System
5.2.3 Opportunities
5.2.3.1 Growing Adoption of Acoustics in Entertainment Venues
5.2.3.2 Emerging Audio & Video Combined Microphone and Camera Array Technology
5.2.4 Challenges
5.2.4.1 Need for High Computational Power
5.3 Value Chain Analysis
6 Acoustic Camera Market, By Array Type
6.1 Introduction
6.2 2D Array
6.2.1 Hexagon Array
6.2.1.1 Hexagon Array Gained Traction as It is Widely Used in Sound Source Identification Application
6.2.2 Ring Array
6.2.2.1 Ring Array to Dominate the Acoustic Camera Market During the Forecast Period
6.2.3 Square and Rectangle Array
6.2.3.1 Square & Rectangle Array Plays One of the Most Significant Roles in the Acoustic Camera Market
6.2.4 Star Array
6.2.4.1 Star Array to Witness Significant Growth in the Market
6.2.5 Wheel Array
6.2.5.1 Wheel Array to Drive the Market for Automotive and Transportation Industry
6.2.6 Other 2D Arrays
6.3 3D Array
6.3.1 Sphere Array
6.3.1.1 Sphere Array is Expected to Be Fastest-Growing Owing to Its Higher Adoption Rate for Vehicle and Aircraft Cabin Application
6.3.2 Other 3D Arrays
7 Acoustic Camera Market, By Measurement Type
7.1 Introduction
7.2 Far Field
7.2.1 Beamforming
7.2.1.1 Beamforming Measurement Type to Dominate Market During the Forecast Period
7.3 Near Field
7.3.1 Intensity
7.3.1.1 Intensity Measurement Type to Witness Significant Growth in the Market
7.3.2 Holography
7.3.2.1 Holography Measurement Type to Drive the Market for Holography Industry
8 Acoustic Camera Market, By Application
8.1 Introduction
8.2 Noise Source Identification
8.2.1 Noise Source Identification Application to Witness Significant Growth in the Market
8.3 Leakage Detection
8.3.1 Leakage Detection Application to Drive the Market for Fluid Or Gas Applications
8.4 Others
9 Acoustic Camera Market, By Industry
9.1 Introduction
9.2 Aerospace
9.2.1 Aerospace Industry to Witness Significant Growth in Acoustic Camera Market
9.3 Automotive
9.3.1 Automotive Industry to Dominate the Acoustic Camera Market During the Forecast Period
9.4 Industrial
9.4.1 Industrial Industry is Expected to Be the Fastest Growing Industry for Acoustic Camera Market
9.5 Infrastructure
9.5.1 Building Acoustic
9.5.1.1 Europe to Dominate the Acoustic Camera Market for Building Acoustic Industry During the Forecast Period
9.5.2 Environmental Monitoring
9.5.2.1 Environmental Monitoring Industry to Witness Significant Growth in Acoustic Camera Market
9.6 Energy & Power
9.6.1 Energy & Power Industry is Expected to Witness Significant Growth for Forecast Period
9.7 Electronics & Appliances
9.7.1 Europe to Drive Acoustic Camera Market for Electronics & Appliances
9.8 Education and Research
9.8.1 Noise Source Identification and Leakage Detection are Key Application Areas of Acoustic Camera for Education & Research Industry
10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 US Holds the Largest Share of Acoustic Camera Market in North America
10.2.2 Canada
10.2.2.1 Growth in Automotive Drives Acoustic Camera Market in Canada
10.2.3 Mexico
10.2.3.1 Increasing Spending on Energy & Power Drives Acoustic Camera Market in Mexico
10.3 Europe
10.3.1 Germany
10.3.1.1 Water and Wastewater Industry Projects Drive Acoustic Camera Market in Germany
10.3.2 UK
10.3.2.1 UK to Hold Largest Share of Acoustic Camera Market in Europe
10.3.3 France
10.3.3.1 Investment in Power Generation Technologies in France to Boost Acoustic Camera Market Growth
10.3.4 Rest of Europe
10.4 APAC
10.4.1 China
10.4.1.1 China to Hold Largest Share of Acoustic Camera Market in APAC During Forecast Period
10.4.2 Japan
10.4.2.1 Investment in Renewable Energy Sources and Power Generation in Japan Will Increase Demand for Acoustic Camera Applications.
10.4.3 India
10.4.3.1 India is the Fastest-Growing Country in APAC in Acoustic Camera Market
10.4.4 Rest of APAC
10.5 RoW
10.5.1 South America
10.5.1.1 Growth in Mining Industry Will Drive Acoustic Camera Market in South America
10.5.2 Middle East
10.5.2.1 Middle East is One of the Fastest-Growing Countries of Acoustic Camera Market in RoW
10.5.3 Africa
10.5.3.1 Investment in Power Industry Drives Acoustic Camera Market in Africa
11 Competitive Landscape
11.1 Overview
11.2 Market Rank Analysis
11.3 Competitive Scenario
11.3.1 Partnerships, Mergers, and Acquisitions
11.4 Competitive Leadership Mapping
11.4.1 Visionary Leaders
11.4.2 Innovators
11.4.3 Dynamic Differentiators
11.4.4 Emerging Companies
11.5 Business Strategy Excellence (For All 25 Players)
11.6 Product Offering (For All 25 Players)
12 Company Profiles
12.1 Key Companies
(Business Overview, Products Offered, Recent Developments, SWOT Analysis)
12.1.1 Brel & Kjr
12.1.2 CAE Software and Systems GmbH
12.1.3 GFAI Tech GmbH
12.1.4 Microflown Technologies
12.1.5 Norsonic AS
12.1.6 Sinus Messtechnik GmbH
12.1.7 Signal Interface Group (SIG)
12.1.8 Sm Instruments
12.1.9 Sorama
12.1.10 Siemens Product Lifecycle Management Software Inc.
12.1.11 Ziegler-Instruments GmbH
12.2 Other Key Players
12.2.1 01db
12.2.2 Polytec GmbH
12.2.3 Visisonics Corporation
12.2.4 National Instruments.
12.3 Key Distributors
12.3.1 ANV Ltd.
12.3.2 Campbell Associates Ltd.
12.3.3 Scantek Inc.
12.3.4 THP Systems
12.3.5 Totalsim Ltd.
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