Global Borescopes Market Growth 2023-2029

Global Borescopes Market Growth 2023-2029

Product Code:457486

Published Date: Feb 08,2023

Pages: 104

Region: Global

Category: Medical Devices & Consumables

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A borescope (occasionally called a boroscope, though this spelling is nonstandard) is an optical device consisting of a rigid or flexible tube with an eyepiece on one end, an objective lens on the other linked together by a relay optical system in between. The optical system in some instances is surrounded by optical fibers used for illumination of the remote object. An internal image of the illuminated object is formed by the objective lens and magnified by the eyepiece which presents it to the viewer's eye.

LPI (LP Information)' newest research report, the “Borescopes Industry Forecast” looks at past sales and reviews total world Borescopes sales in 2022, providing a comprehensive analysis by region and market sector of projected Borescopes sales for 2023 through 2029. With Borescopes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Borescopes industry.

This Insight Report provides a comprehensive analysis of the global Borescopes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Borescopes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Borescopes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Borescopes and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Borescopes.

The global Borescopes market size is projected to grow from US$ 695.5 million in 2022 to US$ 931 million in 2029; it is expected to grow at a CAGR of 931 from 2023 to 2029.

Global Borescopes key players include Olympus, GE, Karl Storz, SKF, MORITEX, etc. Global top five manufacturers hold a share about 70%. Japan is the largest market, with a share about 40%, followed by Europe, total with a share about 30 percent. In terms of product, Flexible Borescopes is the largest segment, with a share about 90%. And in terms of application, the largest application is Automotive, followed by General Industry, Construction, and Aerospace, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Borescopes market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Flexible Borescopes
    Rigid Borescopes

Segmentation by application
    General Industry
    Automotive
    Aerospace
    Construction
    Other

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Olympus
    GE
    Karl Storz
    SKF
    MORITEX
    Mitcorp
    VIZAAR
    Yateks
    Gradient Lens
    Lenox Instrument
    AIT
    Schindler

Key Questions Addressed in this Report
What is the 10-year outlook for the global Borescopes market?
What factors are driving Borescopes market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Borescopes market opportunities vary by end market size?
How does Borescopes break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?