According to the new market research report “Borescope Market
by Type (Video, Flexible, Endoscope, Semi-rigid, Rigid), Diameter (0 mm
to 3 mm, 3 mm to 6 mm, 6 mm to 10 mm, Above 10 mm), Angle (0° to 90°,
90° to 180°, 180° to 360°), Industry, and Region - Global Forecast to
2024” the borescope market size is estimated to reach USD 837 million by 2024 from USD 674 million in 2019 at a CAGR of 4.4%.
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=68626538
Browse 106 market data Tables and 50 Figures spread through 143 Pages and in-depth TOC on "Borescope Market"
Major
players involved in the Borescope market 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).
A borescope is an optical tool
used for visual inspection. The optical device consists of a rigid or
flexible tube with a display on one end and an objective lens or camera
on the other end, where both the ends are linked together by an optical
or electrical system. Borescopes are used for visual inspection in
various industries such as aviation, automotive, power generation, oil
& gas, and manufacturing. The growth of the market is propelled by
the requirement for high operational productivity and the growing need
for power generation plant maintenance.
“Video borescope to hold the largest share of the overall market from 2019 to 2024”
Video
borescopes are used for real-time inspection of engines and other parts
such as cylinders, mufflers, and transmissions systems. They help to
reduce the repair time and cost as inspections become easy without
dismantling the parts. Video borescopes have a large diameter, and high
range compared to other types of borescopes and provides high-quality
images, which is likely to contribute to the largest market share during
the forecast period.
“Borescope market for 0° to 90° to grow at the highest CAGR during the forecast period”
A
borescope has 0° angle for straight-on viewing, while a borescope that
provides a side view of a tube has a 90° angle. Borescopes with the
latter viewing angle are able to inspect piping and other narrow
cavities with greater detail than a straight-ahead borescope. The high
growth for 0° to 90° borescopes can be attributed to increasing demand
from industries such as aviation, automotive, and power.
“Borescope market for the automotive industry to grow at highest CAGR from 2019 and 2024”
Visual
inspection of engines and other parts of the vehicle such as cylinders
and fuel pipes is important for ongoing automotive maintenance. They
help to reduce the repair time and cost, as inspections become easy
without dismantling the parts. A borescope is used for visualizing dark,
small, and hard to reach out places.
“APAC to be the fastest-growing market for borescope during the forecast period”
The
borescope market in APAC is expected to grow at the highest CAGR during
2019–2024. The growth of the market in this region can be attributed to
increasing infrastructure advancements and adoption of automation in
manufacturing industries. Therapid growth of automotive, power
generation, and oil & gas industries in emerging economies, such as
China, India, and Japan, have contributed to the growth of the borescope
market in APAC.
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Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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