What is Borescopes Market Scope?
Borescopes are an optical device made up of a rigid or flexible tube with an eyepiece on one end, an objective lens linked to another side by a relay optical system in between. Borescopes are used in many industries including aviation, aerospace, automotive, electronics, refining, and power generation. Borescopes vary in length, diameter, and functionality as per the industry requirement.
The Borescopes market study is being classified by Type (Flexible Borescopes, Rigid Borescopes and Semi-rigid Borescopes), by Application (Chemicals, Automotive, Aerospace, Oil & Gas, Pharmaceuticals, Food & Beverages, Construction and Others) and major geographies with country level break-up.
The borescope market is highly fragmented. The key players are collaborating with end-users to provide the borescope on a rental basis which provides a competitive edge over the other players. Players are focused on technology advancement to sustain in the market. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Borescopes market throughout the predicted period.
Olympus (Japan), AIT (United States), FLIR (United States), FLUKE (United States), JME Technologies (United States), Gradient Lens Corporation (United States), Medical Intubation Technology Corporation (Taiwan), viZaar industrial imaging AG (Germany) and Yateks (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are USA Borescope (United States), Nexxis (Australia) and Teslong (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Borescopes market by Type, Application and Region.
On the basis of geography, the market of Borescopes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In May 2019, Mitcorp launched the brand new hi-end HD industrial videoscope-X2000 by the Control Show period.
Influencing Market Trend
- Rising Demand for Automated Inspection Cameras
Market Drivers
- Rising Demand in the Manufacturing Industry for Inspection of the Various Activities
- High Adoption of Borescope in Oil and Gas Industry
Opportunities
- Growth in Automobile Sector in Developing Countries
- Increasing Construction Activities in Emerging Economy
Restraints
- The High Cost of Borescope and Availability of Rental Option
- Availability of Substitutes Technology in the Market
Challenges
- Need for Certified Personal for Operation
Key Target Audience
Borescope Manufacturers, Borescope Suppliers, Research Institutes, Potential Investors, Government Agencies and Others
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