United States Borescope Market Size

US Borescope Market Analysis

The United States Borescope Market is expected to grow by registering a CAGR of about 4.8% during the forecast period. The market's growth is driven primarily by the growing requirement for high operational productivity and the increasing need for detailed maintenance of equipment and industrial/power generation plants, especially across sectors such as manufacturing, aviation, power generation, etc.

• A borescope is an optical device comprised of a flexible or rigid tube, having a display or an eyepiece at the viewing end and a camera/objective lens connected by an electrical or optical system. These devices are used primarily to inspect areas that are inaccessible by other means, e.g., in the industrial sector, borescopes are commonly used in the visual inspection of turbines, engines, turbines, and manufactured industrial and automotive parts that require special attention due to their safety, quality, and maintenance requirements.
• Based on their operational requirements, different borescopes offer multiple advantages during inspections, including high-resolution pictures and detailed and accurate coverage of difficult-to-reach locations. They can even aid in retrieving foreign objects and maintenance work.
• The increasing investment in the power generation sector is expected to create a favorable market scenario that will drive the demand for borescopes in the region. According to the United States Energy Information Administration (EIA), in 2021, around 61% of utility-scale electricity generation in the US was produced from fossil fuels; around 20% was from renewable energy sources, while 19% was from nuclear energy.
• The United States is considered among the key countries in the aviation sector. The government is also among the leading manufacturer and consumers of civil and defense aircraft. Considering the high stakes involved, these aircraft undergo regular maintenance procedures and thorough inspection during manufacturing, which drives the demand for borescopes.
• However, limited motion and viewing capability, especially of rigid borescopes, limits their ability to inspect places for sharp curves or deep dents effectively. Wherein the flexible borescope is usually complex in structure, making its handling difficult. Also, the high cost of advanced borescope instruments is some of the key factors challenging the growth of the studied market.
• The global outbreak of the COVID-19 pandemic has had a notable impact on the borescope market. In the United States, several restrictions imposed by the government significantly impacted the supply chain and how industries used to operate pre-pandemic. Due to travel restrictions, the aviation industry also witnessed a sharp decline in the number of passengers, reducing maintenance and production activities. However, with the country being among the first to lift restrictions, the studied market is expected to gain traction during the forecast period.