Borescope Market Growth Trends Analysis | Emergen Research
The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Borescopes market. The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans.
The global borescopes market size reached USD 712.5 Million in 2021 and is expected to register a revenue CAGR of 4.2% during the forecast period, according to latest analysis by Emergen Research. Growing adoption of automation in manufacturing industries is the key factor driving market revenue growth.
Borescopes are utilized where accessibility is destructive, time-consuming, and expensive such as at the time of inspection of gas turbines, heat exchangers, aircraft operations, hydraulic components, inspection of welding joints, and HVAC system. In addition, growing adoption of borescopes in the automotive industry is driving revenue growth of the market.
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Some Key Highlights from the Report
- The flexible borescopes segment is expected to register a steady revenue growth rate over the forecast period due to rising demand for this borescope in manufacturing industries. Flexible borescopes are designed to navigate through tight, challenging spaces. It gives users ability to visually inspect small-diameter structures in great detail.
- The aviation segment is expected to register a steady revenue growth rate over the forecast period due to high demand for borescopes in the aviation sector. Borescope inspection is beneficial for a variety of equipment types, such as aviation engines and other rotating machinery.
- In addition, borescopes are widely used in the aviation industry to assure airplane safety and performance. Moreover, borescopes are used to inspect airplane engines, brakes, inside wings, and behind instrument panels to observe locations that are generally difficult to access without disassembling equipment.
Some major companies in the global market report include Baker Hughes Company, Gradient Lens Corporation, Olympus Corporation, Asian Contec Ltd. (Stanlay), JME Technologies, PCE Instruments, USA Borescopes, Fluke Corporation, Gradient Lens Corporation, and Ome-top Systems Co., Ltd.
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The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Borescope space
Segmentation:
Emergen Research has segmented the global borescope market based on type, angle, diameter, end-use, and region:
· Type Outlook (Revenue, USD Million; 2019-2030)
- Video Borescopes
- Rigid Borescopes
- Flexible Borescopes
- Semi-Rigid Borescopes
- Endoscopes
- Others
· Angle Outlook (Revenue, USD Million; 2019-2030)
- 0° to 90°
- 90° to 180°
- 180° to 360°
· Diameter Outlook (Revenue, USD Million; 2019-2030)
- 0 mm to 3 mm
- 3 mm to 6 mm
- 6 mm to 10 mm
- Above 10 mm
· End-Use Outlook (Revenue, USD Million; 2019-2030)
- Automotive
- Power Generation
- Aviation
- Chemicals
- Oil & Gas
- Food & Beverages
- Pharmaceuticals
- Mining and Construction
- Others
Global Borescope Market Geographical Landscape - Synopsis:
The report closely studies the growth trajectory of the global Borescope Market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Overview of the Borescope Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
The study elaborates on the crucial information pertaining to the regional Borescope share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
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