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Borescopes Market: Growth, Future Prospects & Competitive Analysis, 2018 - 2026

Overview:

Borescopes, sometimes referred to as inspection cameras, are optical devices inserted into the target object being evaluated, offering up-close access to classified areas without destructing or dismantling the object. Borescopes are valuable tools for inspections and therefore are readily used for examining condition and quality of manufactured parts, equipment, and other industrial systems. Similarly, in law enforcement, borescopes are used for contraband, intelligence and safety. The global borescopes market is identified to witness strong growth due to expected advancements in optical technology and steady demand from the automotive industry. Need for precise supervision at manufacturing facilities to get a comprehensive view of minute parts and components in machines and equipment is identified as one of the key factors propelling demand for borescopes across the globe. In addition, constant developments and technological adoption by the enterprises in the machine vision market are predicted to further boost market demand.

With automobiles becoming more advanced, smart, and complicated, the importance of remote visual inspection of modules, finished components, and subassemblies has become critical. The use of borescopes has helped automotive manufacturers to save money, time, and improve quality by identifying the out-of-spec or faulty parts before being integrated into a larger system. Proliferation of boroscopy and videoscopy is gaining traction in the automotive industry for the inspection of automotive components including engine cylinders, hydraulic systems, fuel nozzles, valve seats and welded tubing.

Borescopes functions similar to a telescope or microscope enables end-users to identify those areas that are not visible to naked eye, or are excessively cramped. Further, rising need for 2-way and 4-way articulating cables that allow camera heads to move in different directions and give a 360° angle is also expected to contribute towards the market growth during the forecast period (2018 – 2026). Rising demand for borescopes for the purpose of surface vision is anticipated to create significant opportunity for the borescopes manufacturers in the coming years. However, sensitivity towards extreme heat and moisture may hinder the operations that are carried out via borescopes, which in turn can act as a restrain to the market growth.

The global borescopes market is segmented on the following bases:

  • Product Type
    • Rigid Borescopes
    • Semi-rigid Borescopes
    • Video Borescopes
    • Flexible Borescopes/Fiberscope
  • Application  
    • Automotive
    • Defense & Aerospace
    • Law Enforcement
    • Industrial Manufacturing
    • Oil & Gas
    • Power Generation
    • Others (Mining, Transportation, etc.)
  • Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • Rest of Asia Pacific
    • Rest of World
      • Middle East & Africa
      • Latin America

Key Players Identified for Borescopes Market Include but are Not Limited to:

FLIR Systems, Inc., Extech Instruments, W.W. Grainger, Inc., Medit, Inc., Teslong Technology Limited, Botasy Technology Co. (Potensic), Klein Tools, Inc., GE Digital Solutions, Koolertron, Oasis Scientific, Inc., Olympus Corporation, Lenox Instrument Company, OMEGA Engineering, REED-Direct, and Nexxis among others.

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