The Global Astronomical Telescope Market is forecasted to grow from 207.1 thousand units in 2018 to 427.4 thousand units in 2026 with a CAGR of 9.2% over the forecast period. The market is forecasted to reach USD 345.1 Million by 2026, 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.
Astronomical education is
the methods adopted globally to create interest among the generations about
Earth, astronomy and space science. Astronomical education and research compile
the full range of studies—from the physics of invisible elementary particles to
the nature of space and time to biology regarding the natural phenomena. These
qualities make astronomical studies a valuable way of raising awareness among
people about science, by introducing scientific concepts and encourage
scientific thinking to students at all levels.
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For instance, there are
approximately 1,100 planetariums in North America, out of which 30 percent of
them are available to school groups only, and 70 percent serve both school and
public shows.
The shift in interest
preferences of amateur astronomy may hinder the growth of the market. Amateur
astronomy participants may not necessarily have advanced academic training or
degree in astrophysics. Amateur astronomy is an expensive hobby with
requirement of modern and precise telescope and lenses etc.
Key
participants include Synta, Astro-Physics,
Celestron, Meade, Vixen Optics, TAKAHASHI, Bushnell, Bresser, ORION, Barska,
Bosma, Visionking and Sky-Watcher, among others.
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;
2018-2026, Revenue, USD Million; 2018-2026)
- Refracting Telescope
- Reflector Telescope
- Catadioptric Telescope
Equipment Outlook (Volume, Thousand Units;
2018-2026, Revenue, USD Million; 2018-2026)
- Eyepieces
- Tripods
- Cameras
- Mount
- Lenses
- Focal Reducers
- Others
Application Outlook (Volume, Thousand
Units; 2018-2026, Revenue, USD Million; 2018-2026)
- Amateur astronomy (Entry-level telescope)
- Professional Research (Advanced astronomical
telescope)
- Others (Intermediate level)
Regional Outlook (Volume, Thousand Units;
2018-2026, Revenue, USD Million; 2018-2026)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- South-east Asia
- Rest of the World
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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 2018 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 2018, in terms
of volume.
- Tripods and mounts held the second largest
share in 2018, 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 2018 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.
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