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The Borescope Market size is expected to grow at a CAGR 3.87% rate during the forecast period. The market growth is fueled by the requirement for high operational productivity and growing need for power generation plant maintenance of market.
Video market to grow at the highest CAGR during the forecast period. Video borescope has a large diameter and high range compared to other types of market. They are used mostly for inspection of pumps, motors, generators, pulp and paper rollers, gearboxes, pipes, tubes, and turbines. Video provides high-quality images compared to other types of borescopes, which is likely to contribute to the high growth of the market during the forecast period.
Automotive industry to exhibit high growth during the forecast period. The automotive industry is expected to register the highest CAGR during the forecast period. Borescopes are used mainly for detecting and diagnosing the wear, carbon deposits, and blockages of the engine, cylinders, and fuel pipes. The demand in the automotive industry is likely to grow with the increasing number of vehicles globally of the market.
The borescope market in APAC is expected to grow at the highest CAGR during the forecast period. China and Japan are the major contributors to the growth of this market. The rapid growth of automotive, power generation, and aviation industries in emerging economies, such as China, India, and Japan, have contributed to the growth of the market in APAC.
Key market players include 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).
Key Questions Addressed by the Report
- Where will all these developments take the industry in the mid to long term?
- What are the emerging applications of Borescope systems?
- How are advancements in horticulture and other application areas influencing the market?
- Which countries are expected to witness significant growth in the industry?
- What initiatives have companies undertaken to maintain their positions in their market?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Borescope Market, By Application
6. Borescope Market, By Industry
Oil and gas
Food and beverages
7. Borescope Market, By Diameter
Diameters 0 mm to 3 mm
Diameters 3 mm to 6 mm
Diameters 6 mm to 10 mm
Diameters Above 10 mm
8. Borescope Market, By Angle
0° to 90°
90° to 180°
180° to 360°
9. Borescope Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
10. Company Profiles
Advance Inspection Technologies
Gradient Lens Corporation
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