Global Telescopic Lens Market 2022: Global Industry Analysis Report to 2028.

The global telescopic lens market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The rising cross-border terrorism is anticipated to spur the growth of the global telescopic lens market. According to the Global Terrorism Index (GTI) report published by the Institute of Economics & Peace in 2020, 63 countries recorded at least one death from terrorism in 2019. Moreover, in the west, ISIL directed at least 78 terror attacks between 2014 and 2019, resulting in 471 fatalities. France recorded the most ISIL-related terrorism deaths, followed by the US and Belgium. Furthermore, the country with the largest increase in deaths from terrorism was Burkina Faso, where the number of fatalities rose from 86 in 2018 to 593 in 2019. Thus, such terrorism is anticipated to fuel the demand for the global telescopic lens market during the forecast period.

The rise the capital expenditure and budget allocation in the defense industry are anticipated to drive the growth of the global telescopic lens market. According to the data published by PRS Legislative Research, from 2021-to 2022, the ministry of defense has been allocated Rs 4,78,196 crore. According to the Stockholm International Peace Research Institute (SIPRI), India was the third-largest defense spender in 2019. The allocation for the Ministry of Defense is anticipated to grow at 3% in 2022 over 2020. The capital outlay for the defense expenditure includes machinery and equipment. Further, the capital expenditure outlay for defense grew by 7%, while the overall capital expenditure of the central government grew by 13.0%.

Looking toward the demand for the telescopic lens, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in January 2022, Tenco launched Telescopic Macro Lens Technology. The telescopic macro lens features a 5x Telescopic Macro lens that is handy for users to capture distance, equivalent to the quality of the main camera taking pictures 20 cm away. Tenco Telescopic Macro lens is a 2.5 times upgrade compared to mobile camera zoom distance. Thus, such launches are anticipated to drive the growth of the global telescopic lens market during the forecast period.

Competitive Landscape- 

Newcon Optik, Carson Optical, and Bruton, among others

By Type

• Refracting Telescopes
• Reflecting Telescopes
• Catadioptric Telescopes

By Lens

• Concave
• Convex
• Concave-Convex

By Arrangement

• Doublet Arrangement
• Triplet Arrangement

Scope of the Report
The research study analyzes the Global Telescopic Lens industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Global Telescopic Lens Market Report
1. What was the Global Telescopic Lens Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Global Telescopic Lens Market during the forecast period (2022-2028)?
   3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
   4. Which manufacturer/vendor/players in the Global Telescopic Lens Market was the market leader in 2021?
   5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the Global Telescopic Lens market.
• The market share of the Global Telescopic Lens market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Global Telescopic Lens market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Telescopic Lens market.