About Industrial Videoscope
An industrial videoscope is a flexible inspection tool used to examine areas that are not if not visible. An industrial videoscope is usually used for visual or non-destructive testing. Industrial videoscopes are a type of nondestructive testing tool that is used for examining the interior of restrained spaces in equipment such as aircraft engines, piping at industrial plants and others. The tip of the videoscope is fixed with a very small camera and can be freely operated, making these instruments ideal for tasks such as periodic maintenance or inspecting a component’s quality.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Industrial Videoscope market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Olympus (Japan), GE (United States), SKF (Sweden), Advanced Inspection Technologies Inc. (United States), VIZAAR (Germany), Dellon (China), Mitcorp (Taiwan), PCE Instruments (United Kingdom), Blue Star Limited (India), Trotec GmbH (Germany) and Klein Tools (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Theiakshi Enterprises (India), Ifm electronic (Germany), Yateks (China) and HIKVISION (China).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Videoscope market by , Application (Insect Infestation, Safety, Security Inspections, Weld Inspections, Industrial Machinery and Others) and Region.
On the basis of geography, the market of Industrial Videoscope 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). If we see Market by Components, the sub-segment i.e. CCD/CMOS Camera will boost the Industrial Videoscope market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cable Type, the sub-segment i.e. Rigid Cable will boost the Industrial Videoscope market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Display Size, the sub-segment i.e. Upto 4 Inches will boost the Industrial Videoscope market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Aerospace will boost the Industrial Videoscope market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Automated Inspection Cameras and Growing Use in Inspection Technology in Surface Vision
Market Growth Drivers:
Increasing Demand for Quality Assurance and Automation and Rising Demand of Videoscope in Automotive Industry
Challenges:
Need for Certified Personal for Operation
Restraints:
High Cost of Cameras used in Videoscope and Budget Constraints in Small Companies
Opportunities:
Constant Developments in Machine Vision and Growing Manufacturing Industries in Developing as well as Emerging Countries
Market Leaders and their expansionary development strategies
In 2021, PENTAX Medical (a HOYA Group company) and Jiangsu Vedkang Medical Science and Technology Co., Ltd have announced the formation of PENTAX Medical Therapeutics (Jiangsu) Co., Ltd, which would manufacture single-use therapeutics in the field of flexible medical endoscopy. This strategic partnership with Vedkang will help to improve healthcare quality around the world.
In June 2022, Titan Tool Supply has announced the global market introduction of the TVM Series of accurate, cost-effective, handheld industrial videoscopes.Offered in four standard models, TVM Series industrial videoscopes provide high-quality, speedy remote visual inspection and diagnostic capabilities across a diverse array of applications. All TVM Series models feature a 4.3-inch monitor and user-friendly button technology.
Key Target Audience
Manufacturers of Industrial Videoscope, Suppliers of Industrial Videoscope, Wholesalers, Distributors and Retailers of Industrial Videoscope, Aerospace Industry, Automotive Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.