Industry Background:
To see the enlarged image of a distant celestial bodies like stars, planets, satellites and galaxies an astronomical telescope is used which is an optical device. The principle of an astronomical telescope is that when an object to be magnified is placed at a large distance from the objective lens of telescope, a virtual, inverted and enlarged image of the object is formed at the least distance of distinct vision from the eye held close to the eye piece.This growth is primarily driven by Increasing investment in space industry.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Aerospace & Defense sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Celestron (United States), Meade (United States), TAKAHASHI (Japan), Bushnell (United States), Bresser (Germany), Barska (United States), Vixen Optics (Japan), Synta Technology Corporation (Taiwan), SHARPSTAR (China) and Visionking (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2021, Optronic Technologies, Inc. acquired Corp. (dba "Meade Instruments"), an Orion affiliate that acquired virtually all of the assets of Meade Instruments Corp. ("Meade"). U.S. Bankruptcy Court Approval for the Central District of California. Or, for more than 40 years, Meade has been one of the world's largest designers and manufacturers of telescopes and accessories for amateur astronomers, working closely with independently owned and operated retailers servicing both general and professional astronomers.
In September 2021, Explore Scientific, LLC contracted to become the exclusive distributor for Vixen Optics in the Americas. With offices in Japan and Germany, Vixen Co., Ltd are an integrated manufacturer and renowned high-tech developer of optical devices. optical technology. The company's extensive product line includes astronomical telescopes, computerized GoTo equatorial mounts, binoculars, spotting scopes, microscopes, and rifle sights.The companies are exploring the market by adopting mergers and acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail competitive advantage through combined collaborations.
Influencing Trend:
Increasing activities of space research
Market Growth Drivers:
Increasing investment in space industry
Challenges:
High cost of raw material and Less accuracy as compare to digital modes
Restraints:
High initial cost and High maintenance required for the lenses of telescope
Opportunities:
Technological advancement in astronomical telescope industry and Innovation and development of light weight telescope
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Astronomical Telescope Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Astronomical Telescope Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Astronomical Telescope players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Astronomical Telescope Study Sheds Light on
The Astronomical Telescope Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Astronomical Telescope industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Astronomical Telescope industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.