Borescope Market

Borescope Market - Global Industry Analysis 2014 - 2018 and Opportunity Assessment 2019 - 2029

  • Ongoing
  • September 2020
  • REP-GB-10555
  • Format: PDF/PPT/Excel
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This Borescope market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Borescope market.

This Borescope market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Borescope market.

Borescope is an optical device used to view areas which are not visible by or accessible by naked eye. A borescope is made of rigid or flexible length, and light source to illuminate the target under inspection. The relay lens system, fiber optic image guide, a CCD or CMOS camera module, and rod lens system are also used in borescope. Industrial borescope provides a high-quality image at an affordable price. Borescope is mainly used for non-destructive testing to inspect industrial system and equipment for the wear and tear, along with overall condition. Borescope serves a multitude application such as internal combustion engines, turbine engines, pipes, gearboxes, heat exchanger tubes, welds, cast parts, foreign object retrieval, and manufactured or machined parts. The industrial borescope camera helps for automotive, HVAC, plumbing and machine maintenance and repair for visual inspection. There is an increaseing need for non-destructive inspection of hard to reach places likes sewer pipes, drains, heating vents, furnaces, air ducts, motors, gears, pistons, valves, boilers, compressors, and condenser tubes. 

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Borescope Market: Drivers and Challenges

The maintenance and inspection activities in the manufacturing industry have a positive impact on the borescope market.

Borescope has included features such as a high degree of free movement, wide-area achieving capacity, versatility and economy, and excellent image quality.  The increasing demand for quality assurance and automation is driving the borescope market. The industrial borescope helps for an indispensable part of inspection activities in pipeline inspection, mainly in the oil and gas industry. The industrial borescope offers economic benefits through minimizing inspection time, labor cost, downtime period, and, among others. The borescope is used for visual inspection to check for coating defects, burrs, voids, corrosion, and other critical problem indicators in casting industry application.

Challenges

Borescope has limited motion and viewing capability to inspect places for deep dents or curve. The rigid borescope has limited parts for detailed and hard to reach places, inspection systems. The flexible borescope is complex in structure, which is a typically difficult in handling. Also, the high cost of advance borescope instruments and lack of skilled labor are some the primary factors impacting the adoption of borescope in the market. 

Borescopes Market: Competition Landscape

Some of the prominent players providing borescopes are PCE Deutschland GmbH, Olympus Corporation, Advanced Inspection Technologies Inc., Tech Service Products, and RF System Lab.

Borescopes Market: Regional overview

By geography, the borescope market has been segmented into North America, Western Europe, Latin America, Eastern Europe, Asia Pacific excluding Japan, Japan, and MEA (the Middle East & Africa). Among these regions, North America, Western Europe and Asia Pacific Excluding Japan is expected to dominate the global borescope market due to the increasing demand for inspection and surveillance equipment’s in this region, which in turn drive the demand for borescope market.

The borescopes market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The borescope market report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on:                                     

  • Borescopes Market Segments
  • Borescopes Market Dynamics
  • Borescopes Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Technology
  • Value Chain of the Market
  • Borescope Market Drivers and Restraints

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Rest of Western Europe)
  • Eastern Europe (Russia, Poland, Rest of Eastern Europe)
  • Japan
  • Asia Pacific Excluding Japan (China, India, South Korea, ASEAN, Australia & New Zealand, Rest of APEJ)
  • Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)

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Borescopes Market: Segmentation

The Borescopes market has been segmented on the basis of technology, type, industry, and region.

The Borescopes market is segmented on the basis of Technology:

  • Videoscope
  • Fiberscope
  • Rigid Borescope

The Borescopes market is segmented on the basis of Type:

  • Flexible
  • Rigid

The Borescopes market is segmented on the basis of Verticals:

  • Oil and Gas
  • Energy and Power
  • Chemicals
  • Automotive
  • Metallurgical
  • Aerospace
  • Others

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions

What research methodology is used to develop the Borescope Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Borescope Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Borescope Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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