Industry Analysis & Industry Trends
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.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Telescope Manufacturing industry is currently in the mature phase of its life cycle. In the 10 years to 2017, the industry's contribution to the overall economy (industry value added) is expected to decrease at an annualized rate of 3.1%, compared with annualized GDP growth of 1.8%. Over the five years to 2017, revenue is forecast to rise at an average annual rate of 2.7% to $144.8 million. During this period, steady increases in imports and exports and continuous investment in research and development will support industry growth.
Over the past decade, there have been substantial advances in industry productivity and telescope quality to combat the introduction of substitute products and decreases in consumer spending... purchase to read more