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Based on array type, the market is divided into 2D and 3D. The 2D segment is expected to register a CAGR of over 7.5% during the forecast period.
Based on end-use, the market is divided into infrastructure, automotive, industrial, aerospace, energy and power, electronics, others. The automotive segment dominated the global market with a share of over 23% in 2023.
Asia Pacific dominated the global acoustic camera market in 2023, accounting for a share of over 35%. The Asia Pacific is expected to witness significant growth in the acoustic camera industry. The regional automotive industry has evolved in the past few years, propelled by a vast population shift and an increase in disposable income. The sales of passenger cars, especially in countries such as China, India, and South Korea, have also been growing, which is expected to impact the demand for acoustic cameras positively.
For instance, according to OICA, the number of passage cars sold in the Asia Pacific region increased from 32.21 million to 34.52 million. In the past few decades, the region's manufacturing sector has grown significantly. According to the World Bank, the value added by the manufacturing industry to the GDP of the East Asia & Pacific region increased to 25%. Manufacturers in the area are adopting new production techniques to reduce costs, save time, increase efficiency, and improve product quality. The expanding manufacturing sector and rising noise levels from multiple production plants and their associated discomfort to humans are expected to spur the demand for acoustic camera solutions in this region.