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The Borescope Market size is predicted to reach $1.3 billion by 2031, growing at a CAGR of 6.4% during the forecast period 2025-2031 according to the latest market research report published by IndustryARC. The growing demand for non-destructive testing, rising adoption of industrial automation with smart inspection systems, faster adoption of video and wireless borescopes, and growing construction works & machinery equipment are aiding the market growth, finds IndustryARC in its recent report, titled “Borescope Market - By Type (Rigid, Flexible, Fibrotic, Videoscope, and Endoscope), By Diameter (Small Diameter {Less than 3mm}, Medium Diameter {3mm-6mm}, Large Diameter {Greater than 6mm}), By Angle (0-90 degrees, 90-180 degrees, 180-360 degrees), By End Use Industry (Automotive, Aerospace & Defense, Oil & Gas, Manufacturing & Machinery, Medical & Healthcare, and Others), By Distribution Channel (Online, Offline), By Geography Analysis - Global Opportunity Analysis & Industry Forecast, 2025-2031.
The growing demand for non-destructive testing, rising adoption of industrial automation with smart inspection systems, faster adoption of video and wireless borescopes, and growing construction works & machinery equipment is fuelling the Borescope Market growth.
North America Dominated the Market
North America accounted for the largest share of 33% in 2024 in the Borescope Market. The U.S. is leading due to the extensive aviation industry and defense sector investments. Additionally, the rising need for machinery inspections and maintenance further boosts the growth of the market. For instance, in 2023, according to the Transportation Safety Board of Canada, a total of 182 accidents were reported in 2023. which is 10% higher than the previous year. Most (169) of the accidents in 2023 took place in Canada and involved Canadian-registered aircraft. This shows the growing need for borescopes for regular flight inspections to reduce the number of accidents in Canada further helping North America in leading the Borescope Market growth.
Borescope Market: Key Takeaways
Improvements in the Power Generating Industry
Due to the growing improvements in the power sector, there is a significant growth in the utilization of borescopes playing a crucial role in enhancing efficiency and safety. Improved power plants that run on thermal, nuclear, and renewable energy facilities, which need fiber-optic borescopes for non-invasive inspections of turbines, boilers, and pipelines. For instance, in January 2024, according to the data of the Indian Brand Equity Foundation, power generation in India increased by 6.80% to 1,452.43 million kilowatt-hours (kWh) which shows a significant need for borescope for efficient working of power systems in reducing downtime, prevent costly failures, and improve overall operational reliability.
Rise in Unmanned Aerial Vehicle (UAV)
Unmanned Aerial Vehicles (UAVs) have revolutionized the Borescope Market, especially for remote and complex inspections. By mounting borescopes on drones, industries such as aerospace, energy, and infrastructure can efficiently inspect hard-to-reach areas with minimal invasion. The military and aviation sectors are leading this innovation, using drone-mounted borescopes for rapid and precise assessments. Furthermore, advancements in high-resolution imaging, AI-powered analysis, and wireless connectivity have significantly improved inspection accuracy and efficiency. As industries continue to prioritize safety and operational efficiency, the demand for UAV-compatible borescopes is expected to grow, driving the Borescope Market.
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Recent Developments:
• In February 2024, Waygate Technologies, a Baker Hughes business, launched Mentor Visual iQ+ Video Borescope. This product features an upgraded central processing unit (CPU) that boosts inspection productivity.
• In October 2023, Milwaukee Tool introduced the new M12 Auto Technician Borescope that delivers 5mm access and clear diagnosis. It provides enhanced image quality for technicians, the M12 Borescope enables users to diagnose hairline cracks with clarity.
Borescope Market: Competitive Landscape
Key companies profiled in the Borescope Market are Olympus Corporation, Baker Hughes, Teledyne FLIR LLC, JME Technologies, Fluke Corporation, Gradient Lens Corporation (Hawkeye Precision Borescopes), Asian Contec Ltd (Stanlay), PCE Instruments India Private Ltd, USA Borescopes, and Ome-top Systems Co., Ltd.
Related Reports:
Non Destructive Testing (NDT) Equipment Market - Non Destructive Testing (NDT) Equipment Market Size is forecast to reach $ 16770.0 Million by 2030, at a CAGR of 6.9% during forecast period 2024-2030. Product testing is an important part of a product’s value chain.
Flight Inspection Market - The Flight Inspection Market size is estimated to reach $8.3 million by 2030, growing at a CAGR of 4.9% during the forecast period 2024-2030. Flight inspection is the process of inspecting and calibrating aviation navigation aid, communication system and airport infrastructure to achieve safe and accurate operations.
Endoscopy Equipment Market - The Endoscopy Equipment Market size is estimated to reach $50 million by 2030, growing at a CAGR of 7.1% during the forecast period 2024-2030. Endoscopes are one of the most common medical imaging tools used in the medical world. However, unlike other imaging devices, endoscopes are inserted directly into the organ by a doctor or surgeon.
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