Borescopes functions similar to a telescope or microscope enables end-users to identify those areas that are not visible to naked eye, or are excessively cramped. Further, rising need for 2-way and 4-way articulating cables that allow camera heads to move in different directions and give a 360° angle is also expected to contribute towards the market growth during the forecast period (2019 – 2025).
Borescope Market size is expected to grow from USD 674 million in 2019 to USD 873 million by 2027 at a CAGR of 4%.
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Key Market Players
As of 2018, Olympus (Japan), SKF (Sweden), Baker Hughes (US), FLIR (US), Stanlay (India), FLUKE (US), Vizaar (Germany), AIT (US), Gradient Lens Corporation (US), and JME Technologies (US) were the major players in the borescope market.
By Type:
- Video Borescopes
- Flexible Borescopes
- 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
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Scope of the Report
The research study analyzes the global Borescopes industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Borescopes Market Report
1. What was the Borescopes Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Borescopes Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Borescopes Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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