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.
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
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:
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:
· Rifle Scopes
Breakup by Distribution Channel:
Breakup by Application:
· Shooting Sports
· Water Sports
· Wheel Sports
· Snow Sports
· Horse Racing
Breakup by Region:
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Key highlights of the report:
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