Global Industrial Videoscope Market Growth 2019-2024

A videoscope is a flexible inspection instrument that consists of a flexible insertion tube with a video display at one end and an objective lens at the other. The image is produced using a CCD camera chip 1/10th inch or smaller in diameter. The image is relayed from the inspection area to the video display electronically. An internal fiber optic light guide, or LED lighting at the objective, is used to illuminate the area being inspected. Industrial videoscopes are used for inspection of areas that are difficult or impossible to view without dis assembly or destruction of the item to be inspected.
The United States leads in Industrial Videoscope Industry
The United States leads in Industrial Videoscope spend. Large gains in Aerospace spend in China, with 15% growth year-over-year, respectively, were a key driver of the growth in Transport and automotive technology. China are high-growth markets, due to increasing Building and construction industry and automotive industry
Russia’s huge growth opportunities
As the continued development of Russia's oil and chemical industry, Russia provides Industrial Videoscope companies with strong growth opportunities for future growth.
The average price will fall further
The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials. Strong market competition is resulting in annual 2 percent price erosion.
Technology development trend
Improved Measurement Capabilities
Certain applications require a videoscope that can make accurate measurements. Tried-and-true stereo measurement provides depth, area, distance, and point-to-line measurements. The involved technique of one-to-one matching, where an optical tip adaptor is paired with a single scope on a specialized jig, has expanded the capabilities of stereo measurement and increased precision. Previously, stereo measurement required operators to position the distal end of the insertion tube very close to the crack or defect. Now, stereo measurement can be performed from twice the distance as was possible with previous-generation videoscopes, covering an inspection area four times larger. This means that a 1.5-inch flaw can be measured from one inch away. Operators can expect to spend less time navigating and positioning the distal end for a stereo measurement.
Features that Support Evaluation
Features that support an inspector’s work are available to help get answers. Simple videoscopes that only record images are popular, but mid-range and high-end videoscopes have clever features that aid operators in evaluating flaws. Operators can compare a saved image taken from a previous inspection to a live image on a split screen. The saved image can even be overlaid on a live image at the desired opacity to help inspectors recognize changes, such as a new nick or the lengthening of a crack. These image comparison features enable the operator to quickly evaluate the condition of equipment in the field. Text and symbol annotations on images, notes, and voice memos are all features designed to increase the efficiency of an inspector’s workflow. Prompts for filing and naming the saved images help operators stay organized after the inspection. Images and notes can be streamlined into customizable reports, drastically cutting down on the time needed to create a report and reducing the amount of time an inspector spends recounting observations.
Form Factor
The design and form factor of videoscopes are increasingly focused on operator comfort. Videoscopes are used in a wide range of environments from the gear boxes in wind turbines to underground pipelines. To accommodate these diverse and sometimes challenging workspaces, videoscopes are manufactured in numerous shapes and sizes. Some are lightweight and designed for single-handed operation for maximum portability. When portability is crucial, videoscopes tend to have smaller screens and compact bodies with simpler operating systems. Some are built to military standards and are fully outfitted with interchangeable insertion tubes. Videoscopes are available with touch screens, remote controls, and detachable monitors. Some videoscopes can easily mount to a tabletop or workstation. In addition, a growing trend is integrating the carrying case so that it can be used as a stand for the videoscope. Whatever the inspection environment, there is a videoscope designed to best suit the operator, rather than having the operator struggle to accommodate the equipment.
Connectivity
Inspection images must often be reviewed by a team member offsite. As demand for connectivity is growing, videoscopes offer solutions, such as integrated Wi-Fi, for image sharing and even live streaming. While equipment is being inspected in the field, a team member in the office or at another field location can have a virtual presence by viewing and providing feedback on the live inspection with a desktop, tablet, or smartphone. Features that support collaboration and teamwork are growing as more organizations want to quickly share inspections for review.

According to this study, over the next five years the Industrial Videoscope market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Industrial Videoscope business, shared in Chapter 3.

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

This study considers the Industrial Videoscope value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Hand held type
Desktop type
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Aerospace
Power engineering and power plants
Transport and automotive technology
Pipelines, chemistry, and plant engineering
Building and construction industry
Research, development, and customized solutions

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Olympus
GE
Karl Storz
SKF
AIT
VIZAAR
Dellon
Yateks
Mitcorp
SENTECH
3R

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Industrial Videoscope consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Industrial Videoscope market by identifying its various subsegments.
Focuses on the key global Industrial Videoscope manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Industrial Videoscope with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Industrial Videoscope submarkets, with respect to key regions (along with their respective key countries).
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.