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
[143 Pages Report] The Borescope Market size is expected to grow from USD 674 million in 2019 to USD 873 million by 2024 at a CAGR of 4.4%. The market growth is fueled by the requirement for high operational productivity and growing need for power generation plant maintenance of borescope market.
Video borescope market to grow at the highest CAGR from 2019 to 2024
Video borescope has a large diameter and high range compared to other types of borescope market. They are used mostly for inspection of pumps, motors, generators, pulp and paper rollers, gearboxes, pipes, tubes, and turbines. Video borescope provides high-quality images compared to other types of borescopes, which is likely to contribute to the high growth of the market during the forecast period.
Borescope market for automotive to exhibit high growth during the forecast period
The automotive industry is expected to register the highest CAGR during the forecast period. Borescopes are used mainly for detecting and diagnosing the wear, carbon deposits, and blockages of the engine, cylinders, and fuel pipes. The demand for borescopes in the automotive industry is likely to grow with the increasing number of vehicles globally of borescope market.
Borescope market in APAC to grow at the highest CAGR during the forecast period
The borescope market in APAC is expected to grow at the highest CAGR during the forecast period. China and Japan are the major contributors to the growth of this market. The rapid growth of automotive, power generation, and aviation industries in emerging economies, such as China, India, and Japan, have contributed to the growth of the borescope market in APAC.
Key Market Players
As of 2018, 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) were the major players in the borescope market.
Olympus (Japan) is a major player in the borescope market. Olympus is involved in industrial, medical, and consumer markets, specializing in optics, electronics, and precision engineering. The company operates in four business segments, namely, medical, scientific solutions, imaging, and others. It offers products which include ultrasonic flaw detectors and thickness gages, videoscopes, borescopes, microscopes, in-line and advanced nondestructive testing systems, XRF and XRD analyzers, interferometers, industrial scanners, probes, software programs, and instrument accessories.
Scope of Report:
|
Report Metric |
Details |
|
Years considered for providing market size |
20162024 |
|
Base year considered |
2018 |
|
Forecast period |
20192024 |
|
Forecast units |
Value (USD) in million/billion |
|
Segments covered |
Type, diameter, angle, and industry |
|
Regions covered |
North America, APAC, Europe, and RoW |
|
Companies covered |
Olympus (Japan), SKF (Sweden), Baker Hughes (US), FLIR (US), Stanlay (India), FLUKE (US), Vizaar (Germany), AIT (US), Gradient Lens Corporation (US), JME Technologies (US), RF Systems (US), Moritex (Japan), Lenox (US), PCE Instruments (UK), SPI Engineering (Japan), USA Borescope (US), Yateks (China), Nexxis (Australia), Teslong (China), Storz (Germany) |
In this report, the overall borescope market has been segmented into type, diameter, angle, and industry, and geography.
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 Angle
- 0° to 90°
- 90° to 180°
- 180° to 360°
By Industry
- Automotive
- Aviation
- Power Generation
- Oil & Gas
- Manufacturing
- Chemicals
- Food & Beverages
- Pharmaceuticals
- Others (Mining and Construction)
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Rest of Europe
- Asia Pacific (APAC)
- China
- Japan
- India
- Rest of APAC
- Rest of the World (RoW)
- South America
- Middle East
- Africa
Critical Questions:
- Which type of borescopes is expected to have the highest demand in the future?
- What are the key trends in the borescope market?
- What initiatives are being undertaken by market players?
- Which countries are expected to be the highest-revenue generating markets in the future?
- How are the disruptions in the different end-use industries expected to impact market?
Frequently Asked Questions (FAQ):
What is the expected growth of borescope market durirng 2019-2024?
The borescope market is expected to grow at the CAGR of 4.4% during 2019-2024.
Which are the major companies in the borescope market?
The major companies in borescope includes Olympus (Japan), SKF (Sweden), Fluke (US), Baker Hughes (US), and FLIR (US).
What are the driving factors for borescope market?
The growth of the borescope market is attributed to the high operational productivity and power generation plant maintenance.
Which industry is expected to drive the growth of the market in the next 5 years?
The market for the automotive is expected to grow at the highest CAGR during the forecast period.
Which are the key regions contributing to borescope market growth?
North America and Europe are driving the growth of borescope market during forecast period.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction (Page No. - 15)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Market Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Data From Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Size Using Bottom-Up Analysis
2.2.2 Top-Down Approach
2.2.2.1 Approach for Arriving at Market Size Using Bottom-Up Analysis
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 31)
4.1 Market, 20192024 (USD Million)
4.2 Market, By Type
4.3 Market, By Diameter
4.4 Market, By Angle
4.5 Market, By Industry and Region
4.6 Market, By Geography
5 Market Overview (Page No. - 35)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Operational Productivity
5.2.1.2 Power Generation Plant Maintenance
5.2.2 Restraints
5.2.2.1 Development of Substitute Technology
5.2.3 Opportunities
5.2.3.1 Large Scale Development of Infrastructure
5.2.3.2 Emergence of Electric Vehicles
5.2.4 Challenges
5.2.4.1 Increasing Training Cost Due to Lack of Skilled Workforce
5.3 Value Chain Analysis
6 Borescope Market, By Type (Page No. - 39)
6.1 Introduction
6.2 Video Borescopes
6.2.1 Video Borescopes to Lead Market During Forecast Period
6.3 Flexible Borescopes
6.3.1 Market for Flexible Borescopes With Diameters Ranging From 3mm to 6mm to Hold Largest Size During Forecast Period
6.4 Endoscopes
6.4.1 Market for Endoscopes With Diameters Ranging From 3mm to 6mm to Grow at Highest Rate During Forecast Period
6.5 Semi-Rigid Borescopes
6.5.1 Semi-Rigid Borescopes With Diameters Ranging From 0 mm to 3 mm to Hold Second-Largest Share During Forecast Period
6.6 Rigid Borescopes
6.6.1 High Resolution and Easy Operation of Rigid Borescopes Makes Them Popular Type of Borescopes
7 Borescope Market, By Diameter (Page No. - 59)
7.1 Introduction
7.2 Borescopes With Diameters Ranging From 0 mm to 3 mm
7.2.1 Market for Video Borescopes With Diameters Ranging From 0 mm to 3 mm to Hold Largest Size During Forecast Period
7.3 Borescopes With Diameters Ranging From 3 mm to 6 mm
7.3.1 Market for Borescopes With Diameters Ranging From 3 mm to 6 mm Held Largest Size of Overall Market in 2018
7.4 Borescopes With Diameters Ranging From 6 mm to 10 mm
7.4.1 Market for Video Borescopes With Diameters Ranging From 6 mm to 10 mm to Grow at Highest CAGR From 2019 to 2024
7.5 Borescopes With Diameters Above 10 mm
7.5.1 Market for Flexible Borescopes With Diameters Above 10 mm to Grow at Highest CAGR During Forecast Period
8 Borescope Market, By Angle (Page No. - 66)
8.1 Introduction
8.2 0° to 90°
8.2.1 Borescopes With Viewing Angles 0° to 90° to Hold Largest Market Share During Forecast Period
8.3 90° to 180°
8.3.1 Borescopes With Viewing Angles 90° to 180° Offer Flexibility
8.4 180° to 360°
8.4.1 Borescopes With Viewing Angles 180° to 360° Articulate in All Directions
9 Borescope Market, By Industry (Page No. - 70)
9.1 Introduction
9.2 Automotive
9.2.1 Adoption of Video Borescopes for Regular Automotive Maintenance
9.3 Aviation
9.3.1 Use of Borescopes for Inspecting Engines, Brakes, and Wings of Aircraft
9.4 Power Generation
9.4.1 Implementation of Borescopes for Inspecting Corrosion, Erosion, Welding, and Other Defects in Power Equipment
9.5 Oil & Gas
9.5.1 Use of Borescopes for Inspection of Storage Tanks, Flares, Crude Units, and Many Other Components
9.6 Manufacturing
9.6.1 Borescopes Ensure Maximum Efficiency of Machinery During Production
9.7 Chemicals
9.7.1 Utilization of Borescopes for Inspecting Processing Equipment Such as Filters, Heat Exchangers, Pumps, and Mixers
9.8 Food & Beverages
9.8.1 Adoption of Borescopes for Testing Common Problems Related to Cleanliness and Contamination
9.9 Pharmaceuticals
9.9.1 Requirement of Borescopes for Non-Destructive Testing to Ensure Quality of Pipelines
9.10 Others
10 Geographic Analysis (Page No. - 85)
10.1 Introduction
10.2 North America
10.2.1 Us
10.2.1.1 US to Hold Largest Market Size of Market in North America During Forecast Period
10.2.2 Canada
10.2.2.1 Canada to Be Fastest-Growing Country in North American Market
10.2.3 Mexico
10.2.3.1 Mexican Market to Be Driven By Growing Food & Beverages and Automotive Industries
10.3 Europe
10.3.1 Germany
10.3.1.1 Increasing Vehicle Production to Drive Market in Germany
10.3.2 UK
10.3.2.1 Rising Demand for Renewable Energy to Create Demand for Borescopes in Uk
10.3.3 France
10.3.3.1 Growing Power and Aviation Industries to Boost Demand for Borescopes in France
10.3.4 Rest of Europe
10.3.4.1 Expanding Manufacturing Capabilities in Rest of European Countries to Create Demand for Borescopes
10.4 APAC
10.4.1 China
10.4.1.1 China to Be Leading and Fastest-Growing Market in APAC
10.4.2 Japan
10.4.2.1 Increasing Growth in Automotive and Aviation Sectors to Boost Market for Non-Destructive Testing
10.4.3 India
10.4.3.1 Rising Fdi to Grow Industrial and Manufacturing Sectors of India
10.4.4 Rest of APAC
10.4.4.1 Growing Mining Industry in Australia to Drive Demand for Borescopes
10.5 RoW
10.5.1 South America
10.5.1.1 Leading Emerging Economies to Account for Largest Market Share of South America
10.5.2 Africa
10.5.2.1 Growing Transportation and Construction Sectors to Create Demand for Borescopes in Africa
10.5.3 Middle East
10.5.3.1 Rising Investments in Oil & Gas Sector to Drive Market in Middle East
11 Competitive Landscape (Page No. - 108)
11.1 Overview
11.2 Ranking of Players in Market
11.3 Competitive Leadership Mapping, 2019
11.3.1 Visionaries
11.3.2 Innovators
11.3.3 Dynamic Differentiators
11.3.4 Emerging Companies
11.4 Competitive Situations & Trends
11.4.1 Product Launches
11.4.2 Collaborations, Expansions, and Partnerships, 2017-2019
12 Company Profiles (Page No. - 115)
12.1 Key Players
12.1.1 Baker Hughes
12.1.1.1 Business Overview
12.1.1.2 Products Offered
12.1.1.3 SWOT Analysis
12.1.2 Flir
12.1.2.1 Business Overview
12.1.2.2 Products Offered
12.1.2.3 SWOT Analysis
12.1.3 Fluke
12.1.3.1 Business Overview
12.1.3.2 Product Offered
12.1.3.3 Recent Developments
12.1.3.4 SWOT Analysis
12.1.4 Olympus
12.1.4.1 Business Overview
12.1.4.2 Products Offered
12.1.4.3 Recent Developments
12.1.4.4 SWOT Analysis
12.1.5 SKF
12.1.5.1 Business Overview
12.1.5.2 Products Offered
12.1.5.3 Recent Developments
12.1.5.4 SWOT Analysis
12.1.6 Advance Inspection Technologies
12.1.6.1 Business Overview
12.1.6.2 Products Offered
12.1.7 Gradient Lens Corporation
12.1.7.1 Business Overview
12.1.7.2 Products Offered
12.1.8 Jme Technologies
12.1.8.1 Business Overview
12.1.8.2 Products Offered
12.1.9 Stanlay
12.1.9.1 Business Overview
12.1.9.2 Product Offered
12.1.10 Vizaar
12.1.10.1 Business Overview
12.1.10.2 Products Offered
12.1.10.3 Recent Developments
12.2 Other Key Players
12.2.1 Lenox
12.2.2 Moritex
12.2.3 Nexxis
12.2.4 PCE Instruments
12.2.5 RF Systems
12.2.6 SPI Engineering
12.2.7 Storz
12.2.8 Teslong
12.2.9 USA Borescope
12.2.10 Yateks
13 Appendix (Page No. - 136)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (106 Tables)
Table 1 Market, By Type, 20162024 (USD Million)
Table 2 Market, By Diameter, 20162024 (USD Million)
Table 3 Video Borescope, By Angle, 20162024 (USD Million)
Table 4 Video Borescope, By Industry, 20162024 (USD Million)
Table 5 Video Borescope, By Region, 20162024 (USD Million)
Table 6 Video Borescope in North America, By Country, 20162024 (USD Million)
Table 7 Video Borescope in Europe, By Country, 20162024 (USD Million)
Table 8 Video Borescope in APAC, By Country, 20162024 (USD Million)
Table 9 Video Borescope in RoW, By Region, 20162024 (USD Million)
Table 10 Flexible Borescope, By Diameter, 20162024 (USD Million)
Table 11 Flexible Borescope, By Angle, 20162024 (USD Million)
Table 12 Flexible Borescope, By Industry, 20162024 (USD Million)
Table 13 Flexible Borescope, By Region, 20162024 (USD Million)
Table 14 Flexible Borescope in North America, By Country, 20162024 (USD Million)
Table 15 Flexible Borescope in Europe, By Country, 20162024 (USD Million)
Table 16 Flexible Borescope in APAC, By Country, 20162024 (USD Million)
Table 17 Flexible Borescope in RoW, By Region, 20162024 (USD Million)
Table 18 Endoscope Market, By Diameter, 20162024 (USD Million)
Table 19 Endoscope Market, By Angle, 20162024 (USD Million)
Table 20 Endoscope Market, By Industry, 20162024 (USD Million)
Table 21 Endoscope Market, By Region, 20162024 (USD Million)
Table 22 Endoscope Market in North America, By Country, 20162024 (USD Million)
Table 23 Endoscope Market in Europe, By Country, 20162024 (USD Million)
Table 24 Endoscope Market in APAC, By Country, 20162024 (USD Million)
Table 25 Endoscope Market in RoW, By Region, 20162024 (USD Million)
Table 26 Semi-Rigid Borescope, By Diameter, 20162024 (USD Million)
Table 27 Semi-Rigid Borescope, By Angle, 20162024 (USD Million)
Table 28 Semi-Rigid Borescope, By Industry, 20162024 (USD Million)
Table 29 Semi-Rigid Borescope, By Region, 20162024 (USD Million)
Table 30 Semi-Rigid Borescope in North America, By Country, 20162024 (USD Million)
Table 31 Semi-Rigid Borescope in Europe, By Country, 20162024 (USD Million)
Table 32 Semi-Rigid Borescope in APAC, By Country, 20162024 (USD Million)
Table 33 Semi-Rigid Borescope in RoW, By Region, 20162024 (USD Million)
Table 34 Rigid Borescope, By Diameter, 20162024 (USD Million)
Table 35 Rigid Borescope, By Angle, 20162024 (USD Million)
Table 36 Rigid Borescope, By Industry, 20162024 (USD Million)
Table 37 Rigid Borescope, By Region, 20162024 (USD Million)
Table 38 Rigid Borescope in North America, By Country, 20162024 (USD Million)
Table 39 Rigid Borescope in Europe, By Country, 20162024 (USD Million)
Table 40 Rigid Borescope in APAC, By Country, 20162024 (USD Million)
Table 41 Rigid Borescope in RoW, By Region, 20162024 (USD Million)
Table 42 Borescope, By Diameter, 20162024 (USD Million)
Table 43 Market for Borescopes With Diameters Ranging From 0 mm to 3 mm, By Type, 20162024 (USD Million)
Table 44 Market for Borescopes With Diameters Ranging From 0 mm to 3 mm, By Region, 20162024 (USD Million)
Table 45 Market for Borescopes With Diameters Ranging From 3 mm to 6 mm, By Type, 20162024 (USD Million)
Table 46 Market for Borescopes With Diameters Ranging From 3 mm to 6 mm, By Region, 20162024 (USD Million)
Table 47 Market for Borescopes With Diameters Ranging From 6 mm to 10 mm, By Type, 20162024 (USD Million)
Table 48 Market for Borescopes With Diameters Ranging From 6 mm to 10 mm, By Region, 20162024 (USD Million)
Table 49 Market for Borescopes With Diameters Above 10 mm, By Type, 20162024 (USD Million)
Table 50 Market for Borescopes With Diameters Above 10 mm, By Region, 20162024 (USD Million)
Table 51 Market, By Angle, 20162024 (USD Million)
Table 52 Market for 0° to 90°, By Type, 20162024 (USD Million)
Table 53 Market for 90° to 180°, By Type, 20162024 (USD Million)
Table 54 Market for 180° to 360°, By Type, 20162024 (USD Million)
Table 55 Market, By Industry, 20162024 (USD Million)
Table 56 Market for Automotive, By Type, 20162024 (USD Million)
Table 57 Market for Automotive, By Region, 20162024 (USD Million)
Table 58 Market for Aviation, By Type, 20162024 (USD Million)
Table 59 Market for Aviation, By Region, 20162024 (USD Million)
Table 60 Market for Power Generation, By Type, 20162024 (USD Million)
Table 61 Market for Power Generation, By Region, 20162024 (USD Million)
Table 62 Market for Oil & Gas, By Type, 20162024 (USD Million)
Table 63 Market for Oil & Gas, By Region, 20162024 (USD Million)
Table 64 Market for Manufacturing, By Type, 20162024 (USD Million)
Table 65 Market for Manufacturing, By Region, 20162024 (USD Million)
Table 66 Market for Chemicals, By Type, 20162024 (USD Million)
Table 67 Market for Chemicals, By Region, 20162024 (USD Million)
Table 68 Market for Food & Beverages, By Type, 20162024 (USD Million)
Table 69 Market for Food & Beverages, By Region, 20162024 (USD Million)
Table 70 Market for Pharmaceuticals, By Type, 20162024 (USD Million)
Table 71 Market for Pharmaceuticals, By Region, 20162024 (USD Million)
Table 72 Market for Other Industries, By Type, 20162024 (USD Million)
Table 73 Market for Other Industries, By Region, 20162024 (USD Million)
Table 74 Market, By Region, 20162024 (USD Million)
Table 75 Market in North America, By Country, 20162024 (USD Million)
Table 76 Market in North America, By Type, 20162024 (USD Million)
Table 77 Market in US, By Type, 20162024 (USD Million)
Table 78 Market in Canada, By Type, 20162024 (USD Million)
Table 79 Market in Mexico, By Type, 20162024 (USD Million)
Table 80 Market in North America, By Diameter, 20162024 (USD Million)
Table 81 Market in North America, By Industry, 20162024 (USD Million)
Table 82 Market in Europe, By Country, 20162024 (USD Million)
Table 83 Market in Europe, By Type, 20162024 (USD Million)
Table 84 Market in Germany, By Type, 20162024 (USD Million)
Table 85 Market in UK, By Type, 20162024 (USD Million)
Table 86 Market in France, By Type, 20162024 (USD Million)
Table 87 Market in Rest of Europe, By Type, 20162024 (USD Million)
Table 88 Market in Europe, By Diameter, 20162024 (USD Million)
Table 89 Market in Europe, By Industry, 20162024 (USD Million)
Table 90 Market in APAC, By Country, 20162024 (USD Million)
Table 91 Market in APAC, By Type, 20162024 (USD Million)
Table 92 Market in China, By Type, 20162024 (USD Million)
Table 93 Market in Japan, By Type, 20162024 (USD Million)
Table 94 Market in India, By Type, 20162024 (USD Million)
Table 95 Market in Rest of APAC, By Type, 20162024 (USD Million)
Table 96 Market in APAC, By Diameter, 20162024 (USD Million)
Table 97 Market in APAC, By Industry, 20162024 (USD Million)
Table 98 Market in RoW, By Region, 20162024 (USD Million)
Table 99 Market in RoW, By Type, 20162024 (USD Million)
Table 100 Market in South America, By Type, 20162024 (USD Million)
Table 101 Market in Middle East, By Type, 20162024 (USD Million)
Table 102 Market in Africa, By Type, 20162024 (USD Million)
Table 103 Market in RoW, By Diameter, 20162024 (USD Million)
Table 104 Market in RoW, By Industry, 20162024 (USD Million)
Table 105 Product Launches, 20172019
Table 106 Collaborations, Expansions, and Partnerships, 20172019
List of Figures (50 Figures)
Figure 1 Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 Assumption for Research Study
Figure 6 Borescope Market Segmentation
Figure 7 Video Borescopes Accounted for Largest Share of Market in 2018
Figure 8 Borescopes With Diameters Ranging From 3 mm to 6 mm Accounted for Largest Share of Overall Market in 2018
Figure 9 Borescopes With Angles Ranging From 0° to 90° Held Largest Share of Overall Market in 2018
Figure 10 Automotive to Register Highest CAGR Market During Forecast Period
Figure 11 APAC to Witness Highest CAGR in Market During Forecast Period
Figure 12 Growing Demand for Machinery Inspection to Boost Market
Figure 13 Video Borescopes to Account for Largest Size of Market From 2019 to 2024
Figure 14 Borescopes With Diameters Ranging From 3 mm to 6 mm to Hold Largest Market Size From 2019 to 2024
Figure 15 Borescopes With Angles Ranging From 0° to 90° to Hold Largest Size of Overall Market From 2019 to 2024
Figure 16 Automotive and North America Were Largest Shareholders of Market in 2018
Figure 17 US to Hold Largest Share of Market By 2019
Figure 18 DROC: Borescope Market, 2019
Figure 19 Value Chain Analysis: Market
Figure 20 Borescope Market, By Type
Figure 21 Automotive Industry to Hold Largest Size of Video Market During Forecast Period
Figure 22 Flexible Market for Automotive Industry to Grow at Highest CAGR During Forecast Period
Figure 23 Endoscope Market for Automotive to Hold Largest Size During Forecast Period
Figure 24 Semi-Rigid Market for Automotive to Hold Largest Market Size During Forecast Period
Figure 25 Rigid Market for Automotive to Hold Largest Market Size During Forecast Period
Figure 26 Market Segmentation, By Diameter
Figure 27 Video Borescopes With Diameters Ranging From 3 mm to 6 mm to Hold Largest Market Size From 2019 to 2024
Figure 28 Video Borescopes With Diameters Above 10 mm to Hold Largest Market Size From 2019 to 2024
Figure 29 Market Segmentation, By Angle
Figure 30 Market, By Industry
Figure 31 Video Borescopes to Hold Largest Market Size of Automotive Industry From 2019 to 2024
Figure 32 Video Borescopes to Hold Largest Market Size F Power Generation Industry From 2019 to 2024
Figure 33 Video Borescopes to Hold Largest Market Size From 2019 to 2024
Figure 34 Video Borescopes to Hold Largest Market Size of Pharmaceuticals Industry From 2019 to 2024
Figure 35 China to Register Highest CAGR in Overall Market During Forecast Period
Figure 36 North America: Market Snapshot
Figure 37 Video Borescopes to Lead Mexican Market During Forecast Period
Figure 38 Europe: Borescope Market Snapshot
Figure 39 Market for Video Borescopes to Grow at Highest CAGR in France During Forecast Period
Figure 40 APAC: Market Snapshot
Figure 41 Automotive Industry to Account for Largest Size of Market in APAC During Forecast Period
Figure 42 RoW: Borescope Market Snapshot
Figure 43 Product Launches Emerged as A Key Growth Strategy Adopted By Players in Market From 2017 to 2019
Figure 44 Ranking of Top 5 Players in Market, 2018
Figure 45 Borescope Market (Global) Competitive Leadership Mapping, 2018
Figure 46 Product Launches Was the Key Strategy Adopted From 2017 to 2019
Figure 47 Baker Hughes: Company Snapshot
Figure 48 Flir: Company Snapshot
Figure 49 Olympus: Company Snapshot
Figure 50 SKF: Company Snapshot
The study involves major activities for estimating the current size of the borescope market. Exhaustive secondary research was carried out to collect information on the market. The next step involved the validation of these findings, assumptions, and sizing with industry experts, identified in the value chain, through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources such as encyclopedias, directories, and databases [American Society of NDT, British Institute of NDT, Investor Presentations, OneSource, and Factiva] have been used to identify and collect information for an extensive technical and commercial study of the borescope market.
Primary Research
In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information as well as to assess prospects. Key players in the borescope market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research includes the study of annual reports of the top market players and interviews with key opinion leaders, such as CEOs, directors, and marketing personnel.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the borescope market and other dependent submarkets listed in this report.
- The key players in the industry and markets have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size through the estimation process, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
The objectives of the study are as follows:
- To describe and forecast the borescope market, in terms of value, by type, diameter, angle, and industry
- To forecast market size, in terms of value, by region - North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
- To provide a comprehensive overview of the value chain of the borescope ecosystem
- To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the total market
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
- To analyze strategic approaches such as contracts, acquisitions, product launches, and expansions and partnerships in the borescope market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to a companys specific need. The following customization options are available for the report.
Company information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Borescope Market