Video borescopes are endoscopic cameras that allow inspection of areas and components which are otherwise difficult to visually access. They are increasingly being used in industries such as automotive, aviation, power generation for remote inspection purposes. Video borescopes provide visual access of confined spaces such as engine components, turbines, pressure vessels without the need for dismantling of equipment. They help detect corrosion, cracks or flaws that are not visible through naked eye inspection. Their ability to provide real-time high definition remote visualization is driving their demand across industries where equipment uptime is critical.
Market key trends:
The increasing use of video borescopes for remote inspections is one of the key trends driving market growth. Their ability to access confined spaces without dismantling equipment helps reduce downtime and save costs for industries. With industries increasingly focusing on predictive maintenance techniques, video borescopes are playing a vital role by enabling visual inspections of hard to reach areas inside industrial machinery. This is allowing early detection of defects and corrosion which helps plan maintenance schedules well in advance. Their integration with remote controlled robotic arms is further enhancing their reach. Manufacturers are also offering advanced features such as higher resolution cameras, portable displays and recording capabilities which is supporting the increasing adoption of video borescopes across industries.
Segment Analysis
The Global Video Borescopes Market Demand is expected to witness high growth. The insertion tube segment dominated the market in 2023, accounting for over 40% share. This is because insertion tubes are an integral part of video borescopes and require frequent replacement. Advances in electronics and imaging technologies are driving the demand for advanced insertion tubes with higher resolution and magnifying capabilities.
Key Takeaways
Regional analysis
The video borescopes market in North America accounted for the largest share in 2023, and is expected to maintain its dominance during the forecast period. This is attributed to robust investments in aerospace & defense, power generation industries in the US. The Asia Pacific region is expected to witness the fastest growth owing to increasing manufacturing activity and expanding power infrastructure in China and India.
Key players
Key players operating in the video borescopes market include Olympus Corporation, GE Inspection Technologies (now part of Baker Hughes), Karl Storz GmbH & Co. KG, SKF Group, FLIR Systems Inc., Yateks Corporation, PCE Instruments, Vizaar Industrial Imaging AG, VJ Technologies Inc., Gradient Lens Corporation, Medit Inc., RF System Lab (now owned by Olympus Corporation), Coantec Automation Technology Co. Ltd., IT Concepts GmbH, Chongqing Weichuang Flextube Technology Co. Ltd.
Olympus Corporation is one of the leading players with extensive product portfolio for various industrial inspection applications. GE Inspection Technologies, now part of Baker Hughes, also offers a wide range of ruggedized borescopes for oil & gas, power and industrial sectors. IT Concepts GmbH provides customized video borescopes solutions for machine tool manufacturers.
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