New York, NY -- (SBWIRE) -- 07/15/2019 -- The latest market intelligence study on the Astronomical Telescope market brings in the best of both qualitative and quantitative assessment techniques to explore the market size, share, and status of the Astronomical Telescope market for the forecast period, 2019 - 2026. The extensive examination of the global business environment provides a detailed analysis of the key driving forces and challenges with the aim to give the stakeholders, business owners, and filed marketing executives a competitive advantage over others. The study further probes into prominent challenges, technology advancements, current trends and lucrative avenues often considered as the boosting elements for the Astronomical Telescope market for the forecast period, 2019 - 2026.
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Major Players in Astronomical Telescope market are:
- Vixen Optics
- Sky Watcher
This report studies the global Astronomical Telescope market status and forecast, categorizes the global Astronomical Telescope market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
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.
Currently, the market of astronomical telescope is getting more and more concentrated. The global largest producer of astronomical telescope Synta, which holds three top brands of astronomical telescope (Celestron, Meade and Sky Watcher) and OEM for other brands, is announced to accounts for about 60% of the global total market.
As to the product types and applications of astronomical telescope, refracting telescope and reflector telescope are main types and entry-level telescope account for about 90% of the total market.
The global Astronomical Telescope market is valued at 180 million US$ in 2017 and will reach 340 million US$ by the end of 2026, growing at a CAGR of 8.1% during 2019-2026.
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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Refracting Telescope
- Reflector Telescope
- Catadioptric Telescope
By Application, the market can be split into
- Intermediate Level
- Professional Research
Knowing the trends influencing the industry performance
Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.
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In market segmentation by geographical regions, the report has analysed the following regions-
- North America
- Middle East & Africa
- South America
The research provides answers to the following key questions:
- What will be the growth rate of the Astronomical Telescope market for the forecast period, 2019 - 2026? What will be the market size for the estimated period?
- What are the prominent factors driving the Astronomical Telescope market across different regions?
- Who are the major vendors dominating the Astronomical Telescope industry and what are their winning strategies?
- What are the major trends shaping the development of the industry in the coming years?
- What are challenges faced by the Astronomical Telescope market?
- What are potential opportunities for the industry for the forecast period, 2019 - 2026?
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