The Global Astronomical Telescope Market is forecasted to grow from 243.8 Thousand Units in 2021 to 497.0 Thousand Units in 2030 with a CAGR of 8.2% over the forecast period. The market is forecasted to reach USD 497.0 Million by 2030, according to a new report by Reports and Data. This can be mainly associated with the increase in economic investment on astronomical research, the national consumption capacity, and the national policies on astronomical education.
This document gives the latest information on the ongoing COVID-19 pandemic and its aftermath. The coronavirus pandemic has massively affected every aspect of the global industry and has resulted in various changes in the market scenario. The ever-evolving business landscape and the initial and future assessment of the impact are also examined in the report. The report discusses the significant aspects of the market and includes expert opinions on the current status, along with historical data.
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Key Players:
Key participants include Synta, Astro-Physics, Celestron, Meade, Vixen Optics, TAKAHASHI, Bushnell, Bresser, ORION, Barska, Bosma, Visionking and Sky-Watcher, among others.
Further key findings from the report suggest:
- The market is segmented on the basis of product into refracting telescope, reflector telescope, and catadioptric telescope. The Reflectors Telescope held the largest volume of the market in 2020 and is forecasted to grow at a CAGR of 10.4% during the forecast period.
- These telescopes are best for exploring dimly lit deep-sky objects, like low magnitude stars, clusters, and nebulas. Moreover, unlike refracting telescopes, reflector telescopes do not suffer from chromatic aberration.
- The market is segmented on the basis of equipment into eyepieces, tripods, cameras, mount, lenses, focal reducers, and others. Others segment held the second largest share in 2020, in terms of volume.
- Tripods and mounts held the second largest share in 2020, and are forecasted to grow, in terms of shipment volume, with CAGR of 11.6% and 9.9% during the forecast period, respectively.
- Tripods are supports for telescopes. The tube needs to be place on something so people can see through it. Tripods are generally used as the height of it can be adjusted depending on the one’s preference.
- Mounts are easily categorized as the most useful part of the telescope setup. A mount is generally used for supporting a telescope to avoid vibrations and also used to point and guide the instrument. Mount is responsible for how a person moves, aligns and track celestial objects.
- The market is segmented on the basis of application into amateur astronomy (Enter-level telescope), Professional Research (Advanced astronomical telescope) and Others (Intermediate level). Amateur astronomy (Entry-level telescope) is the fastest growing segment in terms of revenue, and is expected to have a CAGR of 7.2% during the forecast period.
- Amateur astronomers engage in many imaging techniques including film, DSLR, LRGB, and CCD astrophotography. Since CCD imagers are linear in nature, image processing can be used to reduce the effects of light pollution, thus increasing the popularity of astrophotography in urban areas.
- The market is segmented on the basis of geography into North America, Europe, Asia Pacific, Latin America, and
- North America holds the largest market share of in 2020 by volume, due to the presence of the largest space organization NASA and other astronomical research institutions. The region will witness a growth of 7.8%, in terms of volume, during the forecast period.
- The companies have adopted various strategies including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.
For the purpose of this report, Reports and Data have segmented global Astronomical Telescope Market on the basis of equipment, product, application and region:
Product Outlook (Volume, Thousand Units; 2019-2030, Revenue, USD Million; 2019-2030)
- Refracting Telescope
- Reflector Telescope
- Catadioptric Telescope
Equipment Outlook (Volume, Thousand Units; 2019-2030, Revenue, USD Million; 2019-2030)
- Eyepieces
- Tripods
- Cameras
- Mount
- Lenses
- Focal Reducers
- Others
Application Outlook (Volume, Thousand Units; 2019-2030, Revenue, USD Million; 2019-2030)
- Amateur astronomy (Entry-level telescope)
- Professional Research (Advanced astronomical telescope)
- Others (Intermediate level)
Regional Outlook (Volume, Thousand Units; 2019-2030, Revenue, USD Million; 2019-2030)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- South-east Asia
- Rest of the World
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Key Questions Answered:
- Which of these regions – North America, Europe, Asia Pacific, Latin America, and Middle East Africa, dominates market share?
- What is the outcome of the COVID-19 Impact Analysis performed in the report?
- What are the revenue estimations for every region in the Astronomical Telescope market?
- What is the current market valuation of each region and the estimated market size by the end of the forecast period?
- What is the projected growth rate of the global Astronomical Telescope market?
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
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