According to the latest report by IMARC Group, titled “Global Sports Optic Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global sports optic market reached a value of US$ 2.13 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.6 Billion by 2027 exhibiting a CAGR of 3.10% during 2022-2027.
Sports optics represent the devices that are utilized for magnifying distant objects for enhanced clarity and improved performance. They include binoculars, rangefinders, rifle scopes, telescopes, etc. Sports optics are manufactured by using plastic, glass, metallic frames, etc. They offer several benefits, including portability, sharpness, magnification, dim and night vision functionalities, etc. Consequently, sports optics are commonly utilized in hunting, horse racing, golf, rifle shooting, etc., to assess the range of the target. They are also used in sporting events, such as target, archery, and handgun shooting, to ensure precise aiming and accurate shooting over long distances.
| Report Metric |
| Historical: 2016-2021 |
| Base Year: 2021 |
| Forecast Year: 2022-2027 |
Sports Optic Market Trends and Drivers:
The growing inclination towards recreational and sports activities among the masses is primarily augmenting the sports optic market across the globe. Apart from this, the expanding usage of telescopic sports optics for water and snow sports to prevent corneal scratches, eye infections, exposure to chemicals, etc., is also stimulating the market growth.
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Furthermore, several product innovations, including the introduction of three-dimensional view optics that provide high-resolution images of distant objects, are positively influencing the global market.
Besides this, the inflating need for sports optics that assist in measuring the distance while illuminating the target in dim or no-light conditions is further bolstering the market growth. Additionally, the rising expenditure capacities of the consumers and the launch of numerous initiatives by government bodies to promote sports training activities are projected to fuel the sports optic market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Sports Optic Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
American Technologies Network Corp, Burris Company Inc., Bushnell Inc. (Vista Outdoor Inc.), Carl Zeiss AG, Celestron LLC (Synta Technology Corporation of Taiwan), Karl Kaps GmbH & Co. KG, Leica Camera Aktiengesellschaft, Leupold & Stevens Inc., Meopta – optika s.r.o, Nikon Corporation, Primary Arms L.L.C., Teledyne Flir LLC (Teledyne Technologies Incorporated) and Trijicon Inc.
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The report has segmented the market on the basis of region, type, distribution channel and application.
Breakup by Type:
- Telescopes
- Binoculars
- Rifle Scopes
- Rangefinders
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Application:
- Shooting Sports
- Golf
- Water Sports
- Wheel Sports
- Snow Sports
- Horse Racing
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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