Astronomical Telescope Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Astronomical Telescope Market Size

The global Astronomical Telescope revenue was US$ 165.2 million in 2022 and is forecast to a readjusted size of US$ 241.9 million by 2029 with a CAGR of 5.8% during the forecast period (2023-2029).

Astronomical telescope is an optical instrument used to view heavenly bodies such moon, stars, planets and distant objects. Astronomical telescope consists of two convex lenses: objective and eye piece. The objective is a convex lens of large focal length and large aperture. It usually made of two convex lenses in contact with each other to reduce the chromatic and spherical aberrations. The eye piece is also a convex lens. Its focal length is smaller than that of objective. It is also a combination of two lenses.

For the telescopes with retail price below 300 $/unit, they are generally sold with a bracket. Brackets for this level of telescopes are generally manual operated, they are low-cost and won't have big influence on the total cost of a telescope. But for telescopes of high-end, the cost of electric bracket or mount are quite high, these brackets or mounts are generally sold as accessories.

In this report, we mainly account the cost and price of telescopes, but bracket or mount not included.

In India, the Astronomical Telescope revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).

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The global key producers of astronomical telescopes are Synta Technology (Celestron), JOC, Takahashi, Bosma, etc. The largest producer is Synta Technology (Celestron), with about 50% market share. At the consumption level, North America has the the largest market with a share of 35%. In terms of product categories, refracting telescopes have the largest market share with 46%, followed by reflector telescopes with 40%. In terms of applications, 50% of the market share is for personal use and 35% for educational institutions.

This report focuses on global and India Astronomical Telescope market, also covers the segmentation data of other regions in regional level and county level.

India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Astronomical Telescope will continue to grow rapidly in the future.

Global Astronomical Telescope Scope and Market Size

Astronomical Telescope market is segmented in regional and country, by players, by type and by application. Companies, stakeholders, and other participants in the global Astronomical Telescope market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by type and by application for the period 2018-2029.

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For India market, this report focuses on the Astronomical Telescope market size by players, by Type and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.

By Type
• Refracting Telescope
• Reflector Telescope
• Catadioptric Telescope

By Application
• Personal
• Educational Institution
• Scientific Research Institutions

Key Players
Synta Technology (Celestron), JOC, Takahashi, Bosma, SharpStar, Vista Outdoor (Tasco), Astro-Physics, Nikon, Visionking, TianLang

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This release was published on openPR.