Industrial Borescope Market Report 2026

The industrial borescope market size has grown strongly in recent years. It will grow from $1.8 billion in 2025 to $1.91 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to industrial equipment aging, demand for preventive maintenance, growth of manufacturing inspections, safety compliance requirements, adoption of optical inspection tools.

The industrial borescope market size is expected to see strong growth in the next few years. It will grow to $2.4 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to industry 4.0 adoption, integration with digital maintenance platforms, expansion of smart factories, demand for high-resolution inspection, automation of inspection workflows. Major trends in the forecast period include adoption of advanced visual inspection tools, growing demand for non-destructive testing, integration of digital imaging technologies, expansion of predictive maintenance practices, rising use in asset integrity management.

The expansion of the oil and gas industry is expected to drive the growth of the industrial borescope market. The oil and gas sector involves the exploration, production, and sale of fuel and energy products and plays a crucial role in powering global industries, households, and transportation. Its growth is largely supported by rising global energy demand and the increasing focus on energy security. Industrial borescopes are widely used in this sector to inspect pipelines, machinery, and equipment in confined or hard-to-reach areas without the need for disassembly, helping reduce downtime, minimize maintenance costs, and enhance safety by identifying issues early. For example, according to the U.S. Energy Information Administration, U.S. oil production averaged 12.2 million barrels per day (b/d) and natural gas withdrawals averaged 121.1 billion cubic feet per day (Bcf/d) in December 2022. Both increased in 2023, with oil output rising to 13.3 million b/d and natural gas withdrawals reaching 128.8 Bcf/d, underscoring the sector’s continued expansion. Therefore, the growth in the oil and gas industry is driving the growth of the industrial borescope market.

Key players in the industrial borescope market are focusing on technological innovations, such as advanced analytics, to enhance inspection capabilities, improve defect detection accuracy, and optimize maintenance processes. Advanced analytics involves using sophisticated techniques such as machine learning, artificial intelligence (AI), and big data analysis to gain deeper insights, predict outcomes, and optimize decision-making. For example, in February 2024, Waygate Technologies, a US-based provider of industrial inspection solutions, introduced the Everest Mentor Visual iQ+, an advanced video borescope featuring AI and machine learning to enhance data accuracy and reduce inspection time for critical applications in industries such as aviation and power generation. This model also includes an upgraded central processing unit (CPU) for increased productivity and Blade Counter 2.0, an AI-powered automation tool for efficient gas turbine inspections. Voice control, improved steering, and articulation further enhance the user experience and operational efficiency.

In April 2024, Rhinestahl Customer Tooling Solutions, a US-based OEM engine tooling provider, collaborated with Waygate Technologies to improve borescope inspections. This partnership aims to facilitate two-way communication between Rhinestahl CTS's FutureDriveNG+ tool and Waygate Technologies' Mentor Visual iQ+ borescope, streamlining the capture of images and measurements to enhance efficiency, accuracy, and speed in maintenance, repair, and overhaul (MRO) operations. Waygate Technologies specializes in advanced non-destructive testing (NDT) equipment and services.

Major companies operating in the industrial borescope market are Olympus Corporation, Evident Scientific, Inc., FLIR Systems, Inc. (Teledyne FLIR), Waygate Technologies (a Baker Hughes Company), ViZaar Industrial Imaging AG, Gradient Lens Corporation, USA Borescopes, Shenzhen Yateks Co., Ltd., PCE Instruments UK Ltd., Wöhler Technik GmbH, Advanced Inspection Technologies, Inc., JME Technologies Inspection Systems Ltd., Lenox Instrument Company, Inc., Fiberscope.net, Inc., Dart Systems, VSNDT, KARL STORZ Industrial Group, Oasis Scientific Inc., Shenzhen Coantec Co., Ltd., Shenzhen UE Systems Technology Co., Ltd., Test Products International, Inc., Shenzhen SZWJ Technology Co., Ltd., SENTECH America, Inc., Mitcorp.

North America was the largest region in the industrial borescope market in 2025. The regions covered in the industrial borescope market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial borescope market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The industrial borescope market consists of sales of inspection cameras, pipe inspection cameras, articulating borescopes, and accessories. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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