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.
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Report
Metric |
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Historical:
2016-2021 |
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Base Year:
2021 |
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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.
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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latest primary and secondary data (2022-2027) with Cost Module, Business
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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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company’s expertise.
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