Global Borescopes Market Insights, Forecast to 2025
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.
The global average price of Borescopes is in the stable trend, from 4.06 K USD/Unit in 2012 to 3.98 USD/Unit in 2016. With the situation of global economy, prices will be in increasing trend in the following five years.
Global Borescopes market size will reach 830 million US$ by 2025, from 600 million US$ in 2018, at a CAGR of 4.1% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Borescopes.
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Some of the leading players in the Borescopes market include , Olympus ,GE ,Karl Storz ,SKF ,MORITEX ,Mitcorp ,VIZAAR ,Yateks ,Gradient Lens ,Lenox Instrument ,AIT ,Schindler
The classification of Borescopes includes Flexible Borescopes and Rigid Borescopes. The proportion of Flexible Borescopes in 2016 is about 87%, and the proportion is in increasing trend from 2012 to 2016.Borescopes is widely used in General Industry, Automotive, Aerospace, Construction and Other field. The most proportion of Borescopes is Automotive, and the proportion in 2016 is 34%. The trend of Automotive is increase.
Japan is the largest supplier of Borescopes, with a production market share nearly 31% in 2016. Europe is the second largest supplier of Borescopes, enjoying production market share nearly 28% in 2016.North America is the largest consumption place, with a consumption market share nearly 28% in 2016. Following North America, China is the second largest consumption place with the consumption market share of 22%.Market competition is not intense. Olympus, GE, Karl Storz, SKF and MORITEX etc. are the leaders of the industry.
This industry study presents the global Borescopes market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Borescopes production, revenue and market share by manufacturers, key regions and type; The consumption of Borescopes in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Olympus, GE, etc.
The study objectives are:
- To analyze and research the global Borescopes capacity, production, value, consumption, status and forecast;
- To focus on the key Borescopes manufacturers and study the capacity, production, value, market share and development plans in next few years.
- To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Borescopes :
- History Year: 2014-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2025
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