Borescope Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Borescope Market size is expected to grow at a CAGR of 4%. Borescope are used where accessibility is disruptive, time-consuming, and costly, such as when inspecting gas turbines, heat exchangers, aircraft operations, hydraulic components, weld seam inspection, HVAC systems, etc., which ultimately created demand for the borescope market. The Borescope market demand is increasing with advances in automotive testing and analysis. The use of visual devices that can help to broadly understand the deterioration of automotive parts and machinery has become a key requirement across industries. This factor, along with the use of endoscopes for inspection and analytical work, has propelled the growth of the global market. The purchase of advanced equipment and technology, such as endoscopes, is a key capital investment for the industry.

Company Profile

The key players in the 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).

Market Segmentation

By Type:

• Video Borescopes
• Flexible Borescopes
• Endoscopes
• Semi-rigid Borescopes
• Rigid Borescopes

By Diameter

• 0 mm to 3 mm
• 3 mm to 6 mm
• 6 mm to 10 mm
• Above 10 mm

By Industry

• Automotive
• Aviation
• Power Generation
• Oil & Gas
• Manufacturing

Scope of the Report

The research study analyzes the Borescope Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Borescope Market Report

1. What was the Borescope Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Borescope Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Borescope Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.