An astronomical telescope is an optical instrument which is used to see the magnified image of distant heavenly bodies like stars, planets, satellites, and galaxies, etc. Astronomical telescope consists of two convex lenses: objective and eyepiece.
Market Data Analysis:
The Astronomical Telescope market is projected to be valued at USD 441 million in 2019 and is anticipated to generate revenue of USD 524 million by the end of 2026, progressing at a GAGR of 2.5% between 2019 and 2026.
Astronomical Telescope global market is significantly rising across the globe on the back of the increase in economic investment on astronomical research, the national consumption capacity, and the national policies on astronomical education. On the contrary, the Astronomical Telescope market can be obstructed due to the shift in interest preferences of amateur astronomy. With the recovery of the global economy and the development of emerging powers, the Astronomical Telescope market is endowed with a promising future.
North America was the major revenue generating region in 2018 with a share of 33% and is expected to garner growth in the coming years. The growth can be attributed to the presence of the largest space organization NASA and other astronomical research institutions. Asia-Pacific is the second largest market with a share of 32%, followed by Europe, accounting for 23%.
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Global Astronomical Telescope market: Type segments
- Refracting Telescope
- Reflector Telescope
- Catadioptric Telescope
The reflector telescope segment accounted for the largest market share in 2018 and is anticipated to show growth with a CAGR of 10.4% in the projected years.
Global Astronomical Telescope market: Application segments
- Amateur astronomy (Entry-level telescope)
- Professional Research (Advanced astronomical telescope)
- Others (Intermediate level)
The Amateur astronomy (Entry-level telescope) segment is expected to witness the highest growth with a CAGR of over 7.2% in the forecast period.
Global Astronomical Telescope market: regional segments
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Columbia)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Astronomical Telescope market, including Celestron, Meade, Vixen Optics, TAKAHASHI, ASTRO-PHYSICS, Bushnell, Bresser, ORION, Barska, Sky Watcher, Bosma, SharpStar, Visionking, TianLang, etc. These participants have adopted various growth strategies to meet the growing demand for Astronomical Telescope market and to increase their market share.
Astronomical Telescope Market Intended Audience:
- Astronomical Telescope manufacturers
- Astronomical Telescope importers and exporters
- Astronomical Telescope traders, distributors, and suppliers
- Raw material suppliers of Astronomical Telescope
- Astronomical Telescope industry associations
- Product managers, Astronomical Telescope industry administrator, C-level executives of the industries
- Market Research and consulting firms
- Small and Medium-sized Enterprises (SMEs)
- Universities, students, professors, and other academic organizations
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Astronomical Telescope Market
2 Market Trends and Competitive Landscape
3 Segmentation of Astronomical Telescope Market by Types
4 Segmentation of Astronomical Telescope Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Astronomical Telescope Market in Major Countries
7 North America Astronomical Telescope Landscape Analysis
8 Europe Astronomical Telescope Landscape Analysis
9 Asia Pacific Astronomical Telescope Landscape Analysis
10 Latin America, Middle East & Africa Astronomical Telescope Landscape Analysis
11 Major Players Profile
11.1.1 Celestron Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.3 Vixen Optics
11.10 Sky Watcher
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