The global astronomical telescope market size is expected to reach USD 497.0 million by 2030 and register a revenue CAGR of 8.2% during the forecast period.
NEW YORK CITY, NEW YORK, USA, Nov. 18, 2022 /EINPresswire.com/ — The global astronomical telescope market is expected to grow from 243.8 thousand units in 2021 to 497.0 thousand units in 2030 with a CAGR of 8 .2% compared to period forecasts. The market is expected to reach USD 497.0 million by 2030, according to a new report from Reports and Data. This can be mainly associated with increasing economic investment in astronomical research, national consumption capacity, and national astronomy education policies. Astronomical education is the globally adopted method of engaging generations in Earth, astronomy and space science. Astronomical education and research brings together the full range of studies – from the physics of invisible elementary particles to the nature of space and time to biology concerning natural phenomena. These qualities make astronomical studies a valuable way to educate people about science, introducing scientific concepts and encouraging scientific thinking to students at all levels.
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For example, there are approximately 1,100 planetariums in North America, of which 30% are reserved for school groups and 70% host both school and public performances. Changing interest preferences of amateur astronomy may hamper the growth of the market. Participants in amateur astronomy do not necessarily have advanced university training or a degree in astrophysics. Amateur astronomy is an expensive hobby that requires modern and accurate telescope and lenses etc.
Key Profiles in the Global Astronomical Telescopes Market Report:
• Vixen Co.,
• Takahashi America,
• Guangzhou Bosma Corp,
• Vision King,
• Meade Acquisition Corp.,
• Bresser GmbH,
• Celestron, LLC,
• Gosky optics
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Market segmentation :
By Product Perspective
• Refractor telescope
• Reflector telescope
• Catadioptric telescope
By Outlook app
• Amateur astronomy
• Professional research
By Equipment Outlook
• Focal reducers
Key points from the Global Astronomical Telescopes Market Report:
• A comprehensive overview of the global astronomical telescope industry.
• Accurate market projections in terms of market size, share and volume.
• In-depth study of global market dynamics such as key market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
• In-depth analysis of upcoming market trends.
• Qualitative and quantitative analyzes of the world market for astronomical telescopes.
• Elaborate study of major regional markets in the global Astronomical Telescopes market.
• Complete overview of the competitive landscape of the market.
• Brief overview of company profiles and portfolios.
Key Regional Markets Covered in the Report:
• North America
o United States
o United Kingdom
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia-Pacific
• Latin America
o Rest of Latin America
• Middle East and Africa
o Saudi Arabia
Rest of the Middle East and Africa
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Astronomical Telescopes Market Size Share and Trends 2030 | Reports and data |