The recession reduced consumer spending for new telescopes. To combat fluctuations in revenue, many participants sought to consolidate operations and achieve greater economies of scale. Over the next five years, increasing export activities will benefit the industry as manufacturers market to new demographics abroad.
This industry manufactures optical telescopes and binoculars, which use lenses and mirrors to magnify the visible light reflected by distant objects. It does not include manufacturers of nonoptical telescopes, such as radio and infrared.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.