The acoustic camera market is expected to grow from USD 128 million in 2019 to USD 159 million by 2024—growing at a CAGR of 4.4%. The growing adoption of room and building acoustics, and emerging audio and video combined microphone and camera array technology are among the factors fuelling the growth of the acoustic camera market. Furthermore, leading players adopt strategies such as merger and acquisitions to consolidate their market position.
The market for 3D array-based acoustic cameras to grow at the highest CAGR during the forecast period. End users are focusing on accurate data with more surface depths and accurate picture, which, in turn, is expected to boost the demand for 3D acoustic cameras during the forecast period.
The acoustic camera market for the near-field measurement type will grow at the highest CAGR during the forecast period. In a few applications, more than one microphone is required to accurately capture the energy borne by circulating and propagating waves. Due to its accuracy, the near-field measurement type is likely to witness high demand during the forecast period.
Acoustic cameras are increasingly used in automotive, infrastructure, industrial, and other industries. The acoustic camera market growth is driven by the rising demand for acoustic camera in the automotive industry in Europe, North America, and APAC. The infrastructure industry is leading the demand for acoustic cameras in North America, Europe, and APAC. Industrial applications in APAC are boosting the acoustic camera market growth in the region.
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The acoustic camera market in APAC is expected to grow at the highest CAGR during the forecast period. The growth of the acoustic camera market in APAC is primarily due to increasing manufacturing facilities across various industries in this region. Increasing noise levels from manufacturing plants and its associated discomfort to humans is expected to drive the demand for acoustic camera solutions in this region.