Video borescopes are optical inspection tools that help detect cracks, corrosion, foreign object damage or other defects in areas that are otherwise difficult to access directly. They are equipped with high resolution cameras, flexible insertion tubes and articulating joints to observe intricate components and confined spaces in various industries such as aviation, automotive, oil & gas and infrastructure. With increasing focus on predictive maintenance and quality control, video borescopes provide a cost-effective method to visually inspect equipment without disassembling or damaging operational components. The global video borescopes market is estimated to be valued at US$ 814.7 Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The augmenting need for remote visual inspections in critical infrastructures such as oil & gas pipelines, aircraft engines and power generation turbines has been a key factor driving the demand for video borescopes. The aircraft compartment inspection requirements by regulatory bodies have also propelled the adoption of video borescopes in the aviation industry. With technological advancements, manufacturers are focusing on developing innovative video borescopes with enhanced zoom and resolution capabilities, semi rigid or flexible insertion tubes, and waterproof designs. This is expected to further expand the application scope of video borescopes across industry verticals going forward.

Segment Analysis

The global video borescopes market is segmented by diameter, application, and geography. Based on diameter, the market is classified into 0 mm - 3 mm, 3 mm - 6 mm, 6 mm - 10 mm, above 10 mm. The 6 mm - 10 mm segment dominated in 2021 with highest market share and is expected to continue its dominance during the forecast period. This is owing to increasing use of 6 mm - 10 mm diameter borescopes across diverse applications like aerospace, automotive, and industrial sectors for inspection activities.

Key Takeaways

The Global Video Borescopes Market Size is expected to witness high growth.

Regional analysis: North America currently holds the largest share of the market due to high adoption of video borescopes across industries like automotive, aerospace, power generation for inspection activities. Europe is the second largest regional market driven by presence of key market players and growing inspection activities in industrial sector. Asia Pacific is projected to witness the fastest growth over the forecast period led by countries like China, India and Japan.

Key players operating in the video borescopes market are Olympus Corporation, Yateks Elektronik Optik San. Ve Tic. A.S, KARL STORZ GmbH & Co KG, Schindler endoskopie technologie GmbH, Machida Inc, PCE Instruments, Vizaar Industrial Imaging AG, NDT Weld Ltd, Scopes Instruments, Mitcorp and Lenox Instrument Company.

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