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Global Borescope Market by Type, Diameter, Angle, Industry, and Region 2019-2024 - Market Set to Reach $837.3 Million by 2024DUBLIN, Oct. 9, 2019 /PRNewswire/ -- The "Borescope Market by Type (Video, Flexible, Endoscope, Semi-rigid, Rigid), Diameter (0 mm to 3 mm, 3 mm to 6 mm, 6 mm to 10 mm, Above 10 mm), Angle (0° to 90°, 90° to 180°, 180° to 360°), Industry, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.  The borescope market was valued at USD 647.6 million in 2018 and is projected to reach USD 837.3 million by 2024; it is expected to grow at a CAGR of 4.4% from 2019 to 2024.
The growth of this market is attributed to the growing demand for high operational productivity and increased need for power plant maintenance. However, the development of substitute technology such as small robots is restraining the market growth. Moreover, increasing training cost due to lack of skilled workforce acts as a challenge to borescope manufacturers. Video borescope market to witness high growth potential during the forecast period Key Topics Covered 1.3 Study Scope 1.3.1 Markets Covered 1.3.2 Years Considered 1.4 Currency 1.5 Limitations 1.6 Market Stakeholders 2 Research Methodology 2.1 Introduction 2.1.1 Secondary Data 2.1.1.1 List of Major Secondary Sources 2.1.1.2 Key Data From Secondary Sources 2.1.2 Primary Data 2.1.2.1 Breakdown of Primaries 2.1.2.2 Key Data From Primary Sources 2.1.3 Secondary and Primary Research 2.1.3.1 Key Industry Insights 2.2 Market Size Estimation 2.2.1 Bottom-Up Approach 2.2.1.1 Approach for Arriving at Market Size Using Bottom-Up Analysis 2.2.2 Top-Down Approach 2.2.2.1 Approach for Arriving at Market Size Using Bottom-Up Analysis 2.3 Market Breakdown and Data Triangulation 2.4 Research Assumptions 3 Executive Summary 4 Premium Insights 4.1 Market, 2019-2024 (USD Million) 4.2 Market, By Type 4.3 Market, By Diameter 4.4 Market, By Angle 4.5 Market, By Industry and Region 4.6 Market, By Geography 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 High Operational Productivity 5.2.1.2 Power Generation Plant Maintenance 5.2.2 Restraints 5.2.2.1 Development of Substitute Technology 5.2.3 Opportunities 5.2.3.1 Large Scale Development of Infrastructure 5.2.3.2 Emergence of Electric Vehicles 5.2.4 Challenges 5.2.4.1 Increasing Training Cost Due to Lack of Skilled Workforce 5.3 Value Chain Analysis 6 Borescope Market, By Type 6.1 Introduction 6.2 Video Borescopes 6.2.1 Video Borescopes to Lead Market During Forecast Period 6.3 Flexible Borescopes 6.3.1 Market for Flexible Borescopes With Diameters Ranging From 3mm to 6mm to Hold Largest Size During Forecast Period 6.4 Endoscopes 6.4.1 Market for Endoscopes With Diameters Ranging From 3mm to 6mm to Grow at Highest Rate During Forecast Period 6.5 Semi-Rigid Borescopes 6.5.1 Semi-Rigid Borescopes With Diameters Ranging From 0 mm to 3 mm to Hold Second-Largest Share During Forecast Period 6.6 Rigid Borescopes 6.6.1 High Resolution and Easy Operation of Rigid Borescopes Makes Them Popular Type of Borescopes 7 Borescope Market, By Diameter 7.1 Introduction 7.2 Borescopes With Diameters Ranging From 0 mm to 3 mm 7.2.1 Market for Video Borescopes With Diameters Ranging From 0 mm to 3 mm to Hold Largest Size During Forecast Period 7.3 Borescopes With Diameters Ranging From 3 mm to 6 mm 7.3.1 Market for Borescopes With Diameters Ranging From 3 mm to 6 mm Held Largest Size of Overall Market in 2018 7.4 Borescopes With Diameters Ranging From 6 mm to 10 mm 7.4.1 Market for Video Borescopes With Diameters Ranging From 6 mm to 10 mm to Grow at Highest CAGR From 2019 to 2024 7.5 Borescopes With Diameters Above 10 mm 7.5.1 Market for Flexible Borescopes With Diameters Above 10 mm to Grow at Highest CAGR During Forecast Period 8 Borescope Market, By Angle 8.1 Introduction 8.2 0 to 90 8.2.1 Borescopes With Viewing Angles 0 to 90 to Hold Largest Market Share During Forecast Period 8.3 90 to 180 8.3.1 Borescopes With Viewing Angles 90 to 180 Offer Flexibility 8.4 180 to 360 8.4.1 Borescopes With Viewing Angles 180 to 360 Articulate in All Directions 9 Borescope Market, By Industry 9.1 Introduction 9.2 Automotive 9.2.1 Adoption of Video Borescopes for Regular Automotive Maintenance 9.3 Aviation 9.3.1 Use of Borescopes for Inspecting Engines, Brakes, and Wings of Aircraft 9.4 Power Generation 9.4.1 Implementation of Borescopes for Inspecting Corrosion, Erosion, Welding, and Other Defects in Power Equipment 9.5 Oil & Gas 9.5.1 Use of Borescopes for Inspection of Storage Tanks, Flares, Crude Units, and Many Other Components 9.6 Manufacturing 9.6.1 Borescopes Ensure Maximum Efficiency of Machinery During Production 9.7 Chemicals 9.7.1 Utilization of Borescopes for Inspecting Processing Equipment Such as Filters, Heat Exchangers, Pumps, and Mixers 9.8 Food & Beverages 9.8.1 Adoption of Borescopes for Testing Common Problems Related to Cleanliness and Contamination 9.9 Pharmaceuticals 9.9.1 Requirement of Borescopes for Non-Destructive Testing to Ensure Quality of Pipelines 9.10 Others 10 Geographic Analysis 10.1 Introduction 10.2 North America 10.2.1 Us 10.2.1.1 US to Hold Largest Market Size of Market in North America During the Forecast Period 10.2.2 Canada 10.2.2.1 Canada to Be Fastest-Growing Country in North American Market 10.2.3 Mexico 10.2.3.1 Mexican Market to Be Driven By Growing Food & Beverages and Automotive Industries 10.3 Europe 10.3.1 Germany 10.3.1.1 Increasing Vehicle Production to Drive Market in Germany 10.3.2 UK 10.3.2.1 Rising Demand for Renewable Energy to Create Demand for Borescopes in Uk 10.3.3 France 10.3.3.1 Growing Power and Aviation Industries to Boost Demand for Borescopes in France 10.3.4 Rest of Europe 10.3.4.1 Expanding Manufacturing Capabilities in Rest of European Countries to Create Demand for Borescopes 10.4 APAC 10.4.1 China 10.4.1.1 China to Be Leading and Fastest-Growing Market in APAC 10.4.2 Japan 10.4.2.1 Increasing Growth in Automotive and Aviation Sectors to Boost Market for Non-Destructive Testing 10.4.3 India 10.4.3.1 Rising Fdi to Grow Industrial and Manufacturing Sectors of India 10.4.4 Rest of APAC 10.4.4.1 Growing Mining Industry in Australia to Drive Demand for Borescopes 10.5 RoW 10.5.1 South America 10.5.1.1 Leading Emerging Economies to Account for Largest Market Share of South America 10.5.2 Africa 10.5.2.1 Growing Transportation and Construction Sectors to Create Demand for Borescopes in Africa 10.5.3 Middle East 10.5.3.1 Rising Investments in Oil & Gas Sector to Drive Market in Middle East 11 Competitive Landscape 11.1 Overview 11.2 Ranking of Players in Market 11.3 Competitive Leadership Mapping, 2019 11.3.1 Visionaries 11.3.2 Innovators 11.3.3 Dynamic Differentiators 11.3.4 Emerging Companies 11.4 Competitive Situations & Trends 11.4.1 Product Launches 11.4.2 Collaborations, Expansions, and Partnerships, 2017-2019 12 Company Profiles 12.1 Key Players 12.1.1 Baker Hughes 12.1.1.1 Business Overview 12.1.1.2 Products Offered 12.1.1.3 SWOT Analysis 12.1.2 Flir 12.1.3 Fluke 12.1.4 Olympus 12.1.5 SKF 12.1.6 Advance Inspection Technologies 12.1.7 Gradient Lens Corporation 12.1.8 Jme Technologies 12.1.9 Stanlay 12.1.10 Vizaar 12.2 Other Key Players 12.2.1 Lenox 12.2.2 Moritex 12.2.3 Nexxis 12.2.4 PCE Instruments 12.2.5 RF Systems 12.2.6 SPI Engineering 12.2.7 Storz 12.2.8 Teslong 12.2.9 USA Borescope 12.2.10 Yateks For more information about this report visit https://www.researchandmarkets.com/r/28fftb Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 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