Borescope Market - Forecast(2025 - 2031)

Borescope Market Overview

The Borescope Market is estimated to reach US$1.3 billion by 2031, growing at a CAGR of 6.4% from 2025 to 2031. Borescopes serve as equipment for visual inspection work where the target area is inaccessible by other means, or where accessibility may require destructive, time-consuming, and/or expensive dismounting activities. The Borescope Market is primarily driven due to 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. 

The increasing demand for convenience in video and wireless borescopes, and the rise in utilization of borescopes in aviation and aerospace machinery are key trends influencing the Borescope Market. In November 2024, GE Aerospace, in partnership with Waygate Technologies (Waygate), a Baker Hughes business, launched a new AI-assisted borescope solution for commercial aviation engines. Additionally, focusing on AI-driven Assisted Defect Recognition (ADR) technology, the tool is designed to improve the speed and accuracy of High-Pressure Compressor (HPC) inspections which is a critical and labor-intensive part of engine Maintenance, Repair, and Overhaul (MRO). 

Market Snapshot:

Borescope Market - Report Coverage:

The report: “Borescope Market – Forecast (2025-2031)”, by IndustryARC, covers an in-depth analysis of the following segments of the Borescope Industry.

Key Takeaways:

North America is the Largest 

North America’s region emerges as the leader, holding the majority market share of 33% in 2024. Various applications in industries like aerospace, automotive, oil & gas, and healthcare are boosting the growth of the Borescope Market. Due to the need for minimally invasive procedures, diagnostics, and surgical applications, borescopes are in high demand in the medical industry. With growing advancements in medical imaging and robotics, North America's healthcare sector continues to drive growth in the Borescope Market. In August 2023, PatCom Medical, a leading innovator in medical technology for SLPs (Speech Language Processing) and ENTs (Ear, Nose, and Throat), unveiled that its product Distal Chip Endoscope has received FDA approval offering unprecedented image quality and clarity compared to the rest. 

Automotive Industry is the Largest

The Automotive industry holds the largest share in the market with a CAGR of 36.5% in the forecast period of 2025-2031 and the strongest reason is due to the increasing demand for non-destructive inspection in manufacturing and maintenance in the automotive industry. Critical engine designs and their maintenance, quality control, and transmission checks are some of the important aspects that demand the importance of borescopes. According to the data of India Brand Equity Foundation, the global electric vehicle market was estimated at approximately US$ 250 million in 2021 and by 2028, it is projected to grow by 5 times to US$ 1,318 million showing a significant rise in need for borescopes. Additionally, according to EVIDENT, a manufacturer of industrial equipment, says that video borescopes are used in the manufacture and inspection of automobile engines and internal systems to access and visually inspect hard-to-reach areas. 

Flexible Borescope is the Largest

Flexible Borescope holds the largest share in the market with a CAGR of 7.6% in the forecast period of 2025-2031. Due to their flexibility, and efficiency, they are widely used to inspect hard-to-reach areas fuelling the dominant share in the Borescope Market. Flexible Borescopes also considered endoscopes in the medical industry, allow healthcare professionals to examine internal organs and cavities without large slits, thereby reducing patient recovery times and minimizing surgical risks. Additionally, according to The University of Texas Health Science Center at San Antonio, Flexible endoscopy is a reliable, minimally invasive technique used to diagnose and treat a variety of gastrointestinal problems such as stomach pain, reflux, GERD, ulcers, gastritis, difficulty swallowing, digestive tract bleeding, changes in bowel habits and polyps which takes about 30 minutes, where patients can return to their normal routine the next day. 

Growing Need for Non-Destructive Testing (NDT) to Boost the Market

The growing need for non-destructive testing is fueling the growth of the Borescope Market. Industries like aerospace, automotive, and manufacturing demand the need for borescopes for internal inspections of engines, turbines, and pipelines, ensuring structural integrity reducing downtime, and overall quality. In November 2024, according to the data of Bilco Wire Rope & Supply Co., NDT has proven its effectiveness in preventing premature failures across industries. In the offshore oil and gas sector, regular NDT inspections reduced rope failure rates by over 35%, particularly in dynamic environments where visual inspections alone would miss critical damage. Construction companies that implemented NDT reported fewer incidents of rope breakage and extended the lifespan of their equipment by up to 25% increasing the need for Borescopes for Non-Destructive Testing. 

 
Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Borescope Market. The top 10 companies in this industry are listed below:
1. Olympus Corporation
2. Baker Hughes
3. Teledyne FLIR LLC
4. JME Technologies
5. Fluke Corporation
6. Gradient Lens Corporation (Hawkeye Precision Borescopes) 
7. Asian Contec Ltd (Stanlay)
8. PCE Instruments India Private Ltd
9. USA Borescopes
10. Ome-top Systems Co., Ltd

Scope of the Report: 

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