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Borescope Market: Report by Type (Video, Flexible, Endoscope, Semi-rigid, Rigid), by Diameter (0 mm to 3 mm, 3 mm to 6 mm, 6 mm to 10 mm, Above 10 mm), by Angle (0° to 90°, 90° to 180°, 180° to 360°), and by End Use Industry (Automotive, Aviation, Power Generation, Oil & Gas, Manufacturing, Chemicals, Food & Beverages, Pharmaceuticals, Others (Mining and Construction)) -Global Industry Analytics, COVID-19 Business Impact, and Trends, 2020 – 2029

  • TBI530309
  • July 24, 2020
  • Global
  • 132 pages
  • SAC Insights
                                              Abstract
                    
The global borescope market valued around USD 620 Million in 2018 and is estimated to grow at a CAGR of around 4.2% between 2019 & 2026.

The report covers forecast and analysis for the global borescope market on a global and regional level. The research report presents a comprehensive valuation of the market, competition, opportunities, emerging trends, and industry-validated market figures. The study provides historic data of 2016 to 2018 along with a forecast from 2019 to 2026 based on volume (Units) and revenue (USD Million).

The global borescope market is likely to have significant growth in the coming years and is expected to grow at a single-digit CAGR within the forecast period. There is a humongous scope in the borescope market owing to a variety of applications, technological advancement and growing demand in the market. The several features of the boroscope which propel the market are; pressure resistance, temperature resistance, superior stability under load and resistant to oil, solvent, and fuel. Some of the special image characteristics of boroscope which will upsurge the demand are; true-color image, superior image sharpness, adjustable focus, and optimum image brightness. The manufacturing industry provides enormous opportunities for the borescope market to sustain and drive the market at a significant pace. Borescopes are utilized where the accessibility is destructive, time-consuming and expensive such as; at the time of the inspection of gas turbines, heat exchangers, aircraft operations, hydraulic components, inspection of welding joints, HVAC system, etc. which has ultimately created demand for the borescope market.

The global borescope market has categorized on the basis of the type, diameter, angle, and end-use industry. Based on the type, the borescope market is segmented into video, flexible, endoscope, semi-rigid, and rigid. The video borescope uses the waterproof camera at the end of a flexible tube which offers superior quality videos and images compared to another type of borescopes. Typically this kind of borescope has high demand during the time of the inspection of pipes, motors, pumps, and gearboxes. Based on the diameter, the borescope market is segmented into 0 mm to 3 mm, 3 mm to 6 mm, 6 mm to 10 mm, and above 10mm. The segment ranging from 3mm to 6mm are typically used in industries such as manufacturing for weld inspections, power generation, aviation, automotive, and industrial inspections. Based on the angle, the borescope market is segmented into 0° to 90°, 90° to 180°, 180° to 360°. Based on the end-use industry, the borescope market is segmented into automotive, aviation, power generation, oil & gas, manufacturing, chemicals, food & beverages, pharmaceuticals, others (mining and construction).

The growing demand for the automotive industry and more emphasis on the electrically driven vehicles, owing to the government intervention towards the low level of vehicle emission have created a major impact on the industry which are the primary drivers to boost up the global borescope market. In the automobile industry, the borescopes are extensively used for the inspection of the transmission system, linings, frames, and mufflers. The secondary factor that is boosting the demand for the borescope is the accurate observation at the manufacturing and production line to get the overall view of the parts and components in machines and equipment. Some of the factors which might hamper the growth of the borescope market are the new technology such as robots which might become the substitute for the boroscope and training cost associated with the boroscope because of the unskilled labor force with lack of technological knowledge. 

The key players in the global borescope market are Olympus (Japan), SKF (Sweden), Baker Hughes (US), FLIR (US), Stanlay (India), FLUKE (US), Vizaar (Germany), AIT (US), Gradient Lens Corporation (US), and JME Technologies (US).

This report segments the global borescope market as follows:

Global Borescope Market: Type Segment Analysis

	Video
	Flexible
	Endoscope
	Semi-rigid
	Rigid

Global Borescope Market: Diameter Analysis

	0 mm to 3 mm
	3 mm to 6 mm
	6 mm to 10 mm
	Above 10 mm Others

Global Borescope Market: Angle Analysis

	0° to 90°
	90° to 180°
	180° to 360°

Global Borescope Market: End-Use Industry Analysis

	Automotive
	Aviation
	Power Generation
	Oil & Gas
	Manufacturing
	Chemicals
	Food & Beverages
	Pharmaceuticals
	Others

Global Borescope Market: Regional Segment Analysis

	North America
	
		U.S.
	
	
	Europe
	
		UK
		France
		Germany
	
	
	Asia Pacific
	
		China
		Japan
		India
	
	
	Latin America
	
		Brazil
	
	
	Middle East and Africa 

Table of Contents
                    
                    
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List of Figures

1. Market research process
2. Market research methodology
3. Global Borescope Market, 2016–2025 (Units)
4. Global Borescope Market, 2016–2025 (USD Million)
5. Porter’s Five Forces Analysis
6. Global Borescope Market attractiveness, By Type 
7. Global Borescope Market attractiveness, By Diameter
8. Global Borescope Market attra
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