Who are the major players dominating in the borescope market?

The average cost of a borescope is around USD 1220. Read More

Borescope Market Analysis

Borescope Segmentation

Technology (Videoscope, Semi-Rigid, Fiberscope, Rigid Borescope)

The videoscope segment in the borescope market is estimated to gain the largest revenue share of about 60% in the year 2035. Moreover, the segment garnered a revenue share of around 43% in 2022. The feature of real-time monitoring, images, and videos in high resolution and result with accurate and clear information is the major factor expanding the segment growth. Apart from this, the video scope also offers the option of recording the entire inspection and it has built-in lighting which makes the entire inspection convenient. Furthermore, the rising demand for detailed but non-destructive inspection is driving the segment’s growth.

End User (Oil & Gas, Energy & Power, Automotive, Aerospace, Chemicals, Metallurgical)

The automotive segment is poised to hold 20% share of the global borescope market in 2022 and is further expected to garner a significant share of around 46% in the year 2035. Rising demand for electric vehicles and vehicles with ADAS systems is expected to drive the segment’s growth. In 2021, around 75 million cars on the road were incorporated with ADAS features in the world. Furthermore, over ten million electric vehicles were sold worldwide in 2022, with sales predicted to increase by 35% in 2023 to 14 million. Furthermore, by 2030, the worldwide electric car supply will have grown to about 350 million vehicles. Borescopes are used to inspect the battery compartments and cells in EVs. By inserting the flexible borescope probe into the battery pack, technicians can visually inspect for any signs of damage, corrosion, or abnormalities. This helps in identifying potential issues that could affect battery performance, such as overheating, leaking electrolytes, or physical damage.

Our in-depth analysis of the global borescope market includes the following segments:

Technology	Videoscope Semi-Rigid Fiberscope Rigid Borescope
Diameter	0mm to 3mm 3mm to 6mm 6mm to 10mm Above 10mm
End User	Oil & Gas Energy & Power Automotive Aerospace Chemicals Metallurgical

Frequently Asked Questions (FAQ)

Increasing need for non-destructive inspection, rising demand for automobiles, and rising developments in the old infrastructure are the major factors driving the market growth.

The market size of borescope is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are OLYMPUS CORPORATION, PCE Instruments UK Limited, Temperature & Process Instruments, Inc., Inspection Experts, Inc., MORITEX Corporation, VIZAAR AG, Yateks, Lenox Instrument Company, and Cannon Medical Systems USA, Inc., and Healthmark Industries Co.

A borescope is a tool for inspecting the internal components of a structure via a small hole.

The average cost of a borescope is around USD 1220.

The videoscope segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The borescope usually has four parts, including a tube, camera, light source, and lens. These parts can be replaced with other options as per the requirement.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Borescope Market Analysis