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Global Borescope Market Size, Share, Trends, Report: By Type: Flexible Borescope, Video Borescope, 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 End Use; Regional Analysis; Competitive Landscape; 2024-2032
Global Borescope Market Outlook
The global borescope market size was approximately USD 804.21 million in 2023. The market is projected to grow at a CAGR of 4.9% between 2024 and 2032, reaching a value of around USD 1246.40 million by 2032.
Key Trends in the Market
A borescope refers to a remote visual inspection tool that is inserted into an object, enabling the operator to see the interior of the structure, engine, casting, or some other manufactured device. It has a miniature camera that is attached to a thin, flexible, semi-rigid, or rigid tube. Borescopes are widely used in various sectors, including power generation, industrial, manufacturing, aviation, and aerospace.
- The growing use of the tool in industrial systems and equipment that need non-destructive testing is aiding the borescope market demand. The critical inspections of machinery and components necessitate the use of borescopes, the absence of which can lead to the disassembly of the parts of a plant. This further leads to a rise in the cost of downtime, labour, and lost productivity.
- The borescope market growth is being driven by increasing innovations and technological advancements. The capture of high-quality images by borescopes is being facilitated by newer features such as memory storage, WiFi and LAN ports. The adoption of rechargeable lithium batteries as the energy source also enables their use for longer periods.
- The importance of weld quality is growing with heightened customer expectations. Customers anticipate products and components to exhibit superior quality and avoid unexpected failures. The use of borescopes for inspecting welds can lower costs by detecting defects at the early stages of production and extending the lifespan of the components by correcting them.
Borescope Market Segmentation
Based on type, the market is segmented into flexible borescopes, video borescopes, endoscopes, semi-rigid borescopes, and rigid borescopes. On the basis of diameter, the market can be bifurcated into 0 mm to 3 mm, 3 mm to 6 mm, 6 mm to 10 mm, and above 10 mm. Based on angle, the market is segregated into 0° to 90°, 90° to 180°, and 180° to 360°.
The various end uses of borescope are healthcare, oil and gas, automotive, chemicals, power generation, and food and beverages, among others. The major regional markets for borescope are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global borescope market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Teledyne FLIR LLC
- Baker Hughes Company
- Evident Corporation
- Honesdom International HK Limited
- JME Technologies, Inc.
- Lenox Instrument Co.
- PCE Holding AG
- Gradient Lens Corporation
- MORITEX Corporation
- Teslong Technology
- Others
Market Share by Type
As per the borescope market analysis, flexible borescopes are widely used to inspect small diameters and challenging areas. They can be used around corners and tight nooks due to their ease of use and control. Meanwhile, a rigid borescope is employed in applications that need straight-line access to the targeted viewing area, such as the manufacturing sector.
It is also used by companies that carry out repetitive inspections where they can mount the scope to a fixed position such as those specialising in metal casting and cylinder bore inspections. Moreover, video borescopes, also known as videoscopes, contain video cameras that are attached to the end of the probe. Videoscopes capture both images and videos that can be viewed on a monitor or screen.
Market Share by Region
North America is anticipated to hold a significant portion of the global borescope market share in the coming years. Non-destructive testing (NDT) is gaining importance in a wide range of industrial sectors. including civil, aeronautical, and systems engineering in the United States. The non-destructive texting techniques enable the examination of the properties of various kinds of structures without damage. The rising construction and infrastructure sectors of the United States and Canada further contribute to the increasing demand for borescopes in the region.
Competitive Landscape
Evident Corporation is a provider of cutting-edge solutions for use in various applications, including clinical and life science research, quality control and assessment, nondestructive testing (NDT), and precision measurement and analysis. Headquartered in Tokyo, Japan, the company was spun off by Olympus in 2023.
Baker Hughes Company is an energy technology company, based in the United States, that offers solutions for energy and industrial customers globally in more than 120 countries. Through its subsidiary Waygate Technologies, the company offers video borescopes that are tested to military standards for durability in harsh environments.
Honesdom International HK Limited, established in 1988, is a leading producer of non-destructive testing instruments in Hong Kong. The company invests up to 10% of its sales revenue in technological innovation. The company provides borescopes for application in the automobile, aerospace, industrial casting, wind power generation and military equipment sectors.
Other players operating in the global borescope market include Teledyne FLIR LLC, JME Technologies, Inc., Lenox Instrument Co., PCE Holding AG, Gradient Lens Corporation, MORITEX Corporation, and Teslong Technology, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Diameter |
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| Breakup by Angle |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Borescope Market Analysis
8.1 Key Industry Highlights
8.2 Global Borescope Historical Market (2018-2023)
8.3 Global Borescope Market Forecast (2024-2032)
8.4 Global Borescope Market by Type
8.4.1 Flexible Borescope
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Video Borescope
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Endoscopes
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Semi-Rigid Borescopes
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Rigid Borescopes
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.5 Global Borescope Market by Diameter
8.5.1 0 mm To 3 mm
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 3 mm To 6 mm
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 6 mm To 10 mm
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Above 10 mm
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Borescope Market by Angle
8.6.1 0° To 90°
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 90° To 180°
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 180° To 360°
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Borescope Market by End Use
8.7.1 Healthcare
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Oil and Gas
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Automotive
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Chemicals
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Power Generation
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Food and Beverages
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Others
8.8 Global Borescope Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Borescope Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Borescope Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Borescope Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Borescope Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Borescope Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Teledyne FLIR LLC
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Baker Hughes Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Evident Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Honesdom International HK Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 JME Technologies, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Lenox Instrument Co.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 PCE Holding AG
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Gradient Lens Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 MORITEX Corporation
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Teslong Technology
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Borescope Market: Key Industry Highlights, 2018 and 2032
2. Global Borescope Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Borescope Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Borescope Historical Market: Breakup by Diameter (USD Million), 2018-2023
5. Global Borescope Market Forecast: Breakup by Diameter (USD Million), 2024-2032
6. Global Borescope Historical Market: Breakup by Angle (USD Million), 2018-2023
7. Global Borescope Market Forecast: Breakup by Angle (USD Million), 2024-2032
8. Global Borescope Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Global Borescope Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Global Borescope Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Borescope Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Borescope Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Borescope Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Borescope Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Borescope Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Borescope Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Borescope Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Borescope Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Borescope Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Borescope Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Borescope Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Borescope Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 804.21 million.
The market is projected to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 1246.40 million by 2032.
The major drivers of the market include rising technological advancements, the growing importance of non-destructive texting, and rising demand for accuracy and improved weld quality.
The major trends in the market include the increasing adoption of portable borescopes, the inclusion of artificial intelligence in the tools, and improved video quality of borescopes.
The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different end uses of the product are healthcare, oil and gas, automotive, chemicals, power generation, and food and beverages, among others.
The key players operating in the market include Teledyne FLIR LLC, Baker Hughes Company, Evident Corporation, Honesdom International HK Limited, JME Technologies, Inc., Lenox Instrument Co., PCE Holding AG, Gradient Lens Corporation, MORITEX Corporation, and Teslong Technology, among others.
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