What is the global market size of Telescope Market?

Global Telescope Market size was valued at USD 1198.3 million in 2021 and is poised to grow from USD 1215.08 million in 2022 to USD 1358.02 million by 2030, growing at a CAGR of 1.4% in the forecast period (2023-2030).

Top Telescope Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Telescope Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Telescope industry players.

Telescope Market Competitive Landscape

Top Players in Telescope Market

Celestron (USA)
Orion Telescopes & Binoculars (USA)
Sky-Watcher (Canada)
Vixen Co. Ltd. (Japan)
Takahashi Seisakusho Ltd. (Japan)
Bosma Optics (China)
SharpStar Optics (China)
Nikon Corporation (Japan)
Visionking Optics (China)
TianLang Optical (China)
Explore Scientific (USA)
William Optics (Taiwan)
Bresser GmbH (Germany)
GSO (Guan Sheng Optical) (Taiwan)
Kowa Company Ltd. (Japan)
Leica Camera AG (Germany)
Zeiss International (Germany)
Swarovski Optik (Austria)

Telescope Market

Telescope Market Report Snapshots

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Global Telescope Market size was valued at USD 1.21 billion in 2023 and is poised to grow from USD 1.23 billion in 2024 to USD 1.37 billion by 2032, growing at a CAGR of 1.4% during the forecast period (2025-2032).

Global telescope market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global telescope market. 'Celestron (USA) ', 'Orion Telescopes & Binoculars (USA) ', 'Sky-Watcher (Canada) ', 'Vixen Co. Ltd. (Japan) ', 'Takahashi Seisakusho Ltd. (Japan) ', 'Bosma Optics (China) ', 'SharpStar Optics (China) ', 'Nikon Corporation (Japan) ', 'Visionking Optics (China) ', 'TianLang Optical (China) ', 'Explore Scientific (USA) ', 'William Optics (Taiwan) ', 'Bresser GmbH (Germany) ', 'GSO (Guan Sheng Optical) (Taiwan) ', 'Kowa Company Ltd. (Japan) ', 'Leica Camera AG (Germany) ', 'Zeiss International (Germany) ', 'Swarovski Optik (Austria)'

Telescopes are being increasingly used in astronomical research and other applications

Rapid technological advancements in the field of astronomy, especially electronics and optics, are a major trend that is fuelling the growth of global telescope market across the world. Also, IoT devices connected to telescopes contributed to the rapid adoption of telescopes.

On the basis of region, global telescope market is divided into North America, Europe, Asia Pacific Latin America, and MEA. Global telescope market in North America accounted for the largest revenue share in 2022. Consumers in this region have disposable income which enabled them to engage in costly hobbies such as astrophotography and others. This is a major factor expected to drive market growth in this region. Due to the growing interest in amateur astronomy in this area, astronomical education is also expanding, which has significantly increased the demand for telescopes there. Important market players in this region are also creating and releasing telescopes equipped with IoT features, which is encouraging consumers in this region to start using telescopes.

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Top Telescope Companies

Telescope Market Competitive Landscape

Top Players in Telescope Market

Telescope Market

Telescope Market Report Snapshots

FAQs

What is the global market size of Telescope Market?

Who are the key vendors in the Telescope Market?

What is the key driver of Telescope Market?

What is the key market trend for Telescope Market?

Which region accounted for the largest share in Telescope Market?

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