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Borescope Market

Borescope Market

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 User (Automotive, Aerospace, Power Generation, Oil Gas, Manufacturing, Chemicals, Food Beverages, Pharmaceuticals, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

Report Code: A08318
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Jul 2023 | 2444 Views
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Pandemic disrupted the entire world and affected many industries.

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Borescope Market Outlook - 2027

Industrial borescope is an optical device utilized to inspect areas where manual intervention and access in pipelines, tubing, wells, and other boring areas are difficult. Industrial borescope consists of controllers, optical fibers/crawlers, eye-pieces, cameras, and platforms for lifting and lighting. Optical fibers or crawlers are used in borescopes to illuminate obstacles to reach inaccessible detection areas while optical lens & eye-pieces provide a magnified view of the target area. Borescope also assists in monitoring of aircraft engines, industrial gas turbines, especially gas turbines, fuel systems, and steam turbines due to their high safety measures

COVID-19 scenario Analysis: 

  • Global borescope market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which have led to a significant decline in demand for borescopes.
  • Global factories have struggled to integrate new borescopes as workers have stayed in their homes, which has disrupted the global supply chains.   
  • The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for these borescopes are gradually going to increase. 

This COVID-19 lockdown would help companies think about more advanced borescopes to enhance efficiency. 

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Borescope is favored in the industrial sector where accessibility is disruptive, costly, and time-consuming. Due to these pre-eminent inspection characteristics, demand for industrial borescopes increases inspection and maintenance operations in the manufacturing industry, which drives the market. Industrial borescopes have become indispensable part of inspection activities in pipeline inspection, mainly in the oil & industry, and offer economic benefits by minimizing inspection time, downtime and labor costs. Throughout the technological era, main manufacturers focus on ongoing technological developments to generate new avenues for growth by targeting untapped areas of use, which gives impetus to the market growth. In addition, price of industrial borescope is comparatively less compared to other equipment due to which preference of users have moved toward use of borescopes.

The global borescope market trends are as follows:

Automotive borescope market to witness a strong growth 

The automotive industry is predicted to experience highest CAGR during the forecast period. Borescopes are used mainly to identify and diagnose engine, valves, fuel pipe wear, carbon particles, and blockages. Demand for borescopes in the automotive industry is expected to increase, owing to high adoption of vehicles in developed countries.

Asia-Pacific borescope market to grow at the highest CAGR during the forecast period

The borescope market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period. China and Japan are the key contributors to the market growth. In emerging economies such as China, India, and Japan, rapid growth of automotive, power generation, and aviation industries has led to growth of the Asia-Pacific borescope industry.

0 ° to 90 ° borescope market to witness the highest CAGR 

A borescope has an angle of 0 ° for straight-on viewing, while a borescope offering side view of a tube has an angle of 90°. Borescopes with the latter viewing angle, with greater detail than a straight-ahead borescope, can examine piping and other small cavities. High growth for borescopes between 0 ° and 90 ° can be attributed to increase in demand from industries such as aviation, automotive, and electricity.

Key benefits of the report:

  • This study presents the analytical depiction of the global borescope industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global borescope market share.
  • The current market is quantitatively analyzed to highlight the global borescope market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global borescope market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the borescope market research report:

  • Who are the leading market players active in the borescope market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the borescope market?
  • What are the projections for the future that would help in taking further strategic steps?

Borescope Market Report Highlights

Aspects Details
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°
By End User
  • Automotive
  • Aerospace
  • Power Generation
  • Oil & Gas
  • Manufacturing
  • Chemicals
  • Food & Beverages
  • Pharmaceuticals
  • Others
By Region
  • North America  (U.S., Canada)
  • Europe  (France, Germany, UK, rest of Europe)
  • Asia-Pacific  (China, India, Japan, rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players FLIR (US), Vizaar (Germany), SKF (Sweden), Stanlay (India), FLUKE (US), Gradient Lens Corporation (US), AIT (US), Olympus (Japan), Baker Hughes (US), JME Technologies (US)

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