Market Insights - Industry Research Report

Optical Telescope Market

Optical Telescope Market Analysis by Type (Refracting Telescope, Reflector Telescope, and Catadioptric Telescope), By End-Use (Amateur Astronomy Hobby, Professional Research, and Others), and By Region – Global Industry Overview, Size, Share, Premium Insights, Growth, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030

Optical Telescope Market Overview

To generate a magnified image for in-person visual inspection, an optical telescope concentrates and collects light, particularly from the visible region of the electromagnetic spectrum. The optical telescope’s enlarged image is utilized to take pictures or collect data using digital picture sensors. The usage of an optical telescope is possible day or night. The biggest optical telescope in the world right now has a collecting area comparable to an 11.8-m diameter mirror. Thus, the market’s demand for optical telescopes is fueled by increased innovation.

COVID-19 Impact

Practically every business has seen a substantial detrimental impact from the COVID-19 pandemic outbreak. As the COVID-19 pandemic calamity worsens, regulatory agencies throughout the world are driven to impose strict lockdowns and travel restrictions. Additionally, given the rise in optical telescope sales, this has had a substantial influence on market trends. Since many necessary pieces of equipment and supplies are strongly dependent on imports from other countries, the COVID-19 outbreak had an impact on supply chain systems. The industries also had to operate with a limited staff because of the strict regulatory authorities’ requirements that they follow social distance rules, which caused a fall in the sectors’ output rates. As a result, the optical telescope industry was negatively impacted by all of these problems.

Market Drivers

In astronomy institutes worldwide, an astronomical telescope is a key piece of equipment. It helps scholars and industry professionals by offering celestial photos, which are then analyzed to produce insights. Major industry players are implementing cutting-edge technology like sensors and others to improve and provide consumers with cutting-edge capabilities like operating astronomical telescopes using their mobile phones and other devices. Additionally, they include several characteristics that effectively allow astronomical institutes to acquire information from distant galaxies and support the implementation of emergency preparedness measures. For instance, the James Webb Space Telescope from NASA uses cutting-edge infrared sensors to help scientists and researchers gather crucial data from distant galaxies.

Restraints

Growing chromatic aberration situations brought on by the use of large-sized lenses are limiting market revenue growth. Chromatic aberration is a phenomenon that occurs in optical systems that results in colorful fringes around objects that are sharply contrasted, such as branches and building edges against a bright sky. It is largely brought on by light beams diverging as they go through a lens, focusing on various wavelengths of light at various places. There are two forms of chromatic aberration in astronomical telescopes, with axial chromatic aberration being the more prevalent. Due to variations in each color’s focal point, axial chromatic aberration blurs hues in front of and behind the focus position. It can be noticed on an image’s edges in very bright places.

Segmentation

The global optical telescope market has been segmented into types and applications.

  • The refracting, reflector, and catadioptric telescope categories make up the type-based segments of the global optical telescope market. In 2021, the segment with the highest revenue share was refractive telescopes. The increasing need for telescopes that can capture high-resolution photographs of far-off objects is a key driver anticipated to fuel this segment’s revenue rise. High-quality lenses are used in refracting telescopes to focus light on a specified area, so the observer sees the item. It is generally preferred because of its straightforward and practical usage and design. Since these telescopes are fixed and oriented permanently, their enhanced stability and better dependability can also be attributable to their rising demand.
  • Based on end users, the market is segmented into amateur astronomy, professional research, and others. In 2021, the category with the highest revenue share was amateur astronomy. Two key drivers anticipated to fuel this segment’s revenue growth are the rapid progress of technology and the increasing demand for portable telescopes. Younger individuals pick up amateur astronomy as an engaging activity to add wisdom to their daily lives. The youngster might be exposed to various techniques through the hobby, technology, and features.

Regional Landscape

  • North America’s optical telescope market held the greatest revenue share in 2021. Consumers in this region now have more discretionary cash, enabling them to indulge in pricey hobbies like astrophotography. This key element is anticipated to fuel market revenue expansion in this area. Additionally, the expansion of significant astronomical research organizations in nations like the U.S. has made it possible for individuals to enter professions like astrophysics. Due to the growing popularity of amateur astronomy in this area, astronomical education is also on the rise, which has considerably increased the need for astronomical telescopes.

Optical Telescope Market: Competitive Landscape

  • Some of the main competitors dominating the global Optical Telescope Market include– Celestron, Meade, Vixen Optics, TAKAHASHI, ASTRO-PHYSICS, Bushnell, Bresser, ORION, Barska, Sky-Watcher, Bosma, SharpStar, Visionking, TianLang.

Recent Developments

  • December 2021: The launch of the James Webb Space Telescope was announced by NASA, the U.S. Government organization in charge of air and space research and technology. The innovative infrared telescope, which cost USD 9 billion and was launched from the European Space Agency (ESA) launch site in French Guiana, will support space science observatories for the next ten years. Since Hubble has mostly functioned at optical and ultraviolet wavelengths, the main purpose of bringing it alongside Hubble is to observe the cosmos in the infrared spectrum, allowing it to see through clouds of gas and dust.

Global Optical Telescope Market is segmented as follows:

Optical Telescope Market by Type Outlook (Revenue, USD Million, 2017 – 2030)

  1. Refracting Telescope
  2. Reflector Telescope
  3. Catadioptric Telescope

Optical Telescope Market by End-Use Outlook (Revenue, USD Million, 2017 – 2030)

  1. Amateur Astronomy Hobby
  2. Professional Research
  3. Others

Optical Telescope Market by Region Outlook (Revenue, USD Million, 2017 – 2030)

  1. North America
    • The U.S.
    • Canada
    • Mexico
  2. Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  3. Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
    • Rest of Southeast Asia
  4. The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  5. Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Frequently Asked Questions

The main reasons anticipated to propel the optical telescope market during the forecast period are consumers in this region now have more discretionary cash, enabling them to indulge in pricey hobbies like astrophotography and others.
According to the report, the global optical telescope market size was worth USD xx million in 2022 and is estimated to grow to USD XX million by 2030, with a compound annual growth rate (CAGR) of approximately xx % over the forecast period.
North America’s optical telescope market held the greatest revenue share in 2021. Consumers in this region now have more discretionary cash, enabling them to indulge in pricey hobbies like astrophotography.
Some of the main competitors dominating the global optical telescope market include – Celestron, Meade, Vixen Optics, TAKAHASHI, ASTRO-PHYSICS, Bushnell, Bresser, ORION, Barska, Sky-Watcher, Bosma, SharpStar, Visionking, TianLang.

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