Global Sports Optic Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

The "Sports Optic Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global sports optic market reached a value of US$ 2.13 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 2.6 Billion by 2027 exhibiting a CAGR of 3.10% during 2022-2027.

Companies Mentioned

• 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)
• Trijicon Inc.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Sports optics refer to the devices used for magnifying distant objects for improved clarity and enhanced performance. Binoculars, rangefinders, rifle scopes and telescopes are some of the commonly available sports optics that are manufactured using plastic, glass and metallic frames. They are widely used in numerous sports, such as hunting, horse racing, golf, rifle shooting and water and snow sports, to assess the range of the target, improve the viewing experience, collect information and aim accurately. These devices can operate in the visible, ultraviolet (UV) and infrared (IR) range and offer enhanced clarity, portability, sharpness, magnification and dim and night vision functionalities.

The increasing preference for recreational and sports activities among the masses is one of the key factors driving the growth of the market. Sports optics are widely used in sporting events, such as rifle, target, archery and handgun shooting to ensure precise aiming and accurate shooting over long distances. Additionally, the widespread utilization of telescopic sports optics for water and snow sports to prevent corneal scratches, eye infections, exposure to chemicals and saltwater and improve underwater visibility is favoring the market growth.

Moreover, various product innovations, such as the launch of three-dimensional (3D) view optics that provide high-resolution images of distant objects, are providing a thrust to the market growth. In line with this, the introduction of sports optics that assists in measuring the distance, intensifying and illuminating the target in dim and no-light conditions is positively impacting the market growth. Other factors, including the increasing expenditure capacities of the consumers, along with the implementation of various government initiatives to promote sports training among the masses, are anticipated to drive the market toward growth.

Key Questions Answered in this Report:

• How has the global sports optic market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global sports optic market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the distribution channel?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global sports optic market and who are the key players?
• What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Sports Optic Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Type

6.1 Telescopes

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Binoculars

6.2.1 Market Trends

6.2.2 Market Forecast

6.3 Rifle Scopes

6.3.1 Market Trends

6.3.2 Market Forecast

6.4 Rangefinders

6.4.1 Market Trends

6.4.2 Market Forecast

7 Market Breakup by Distribution Channel

7.1 Online

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Offline

7.2.1 Market Trends

7.2.2 Market Forecast

8 Market Breakup by Application

8.1 Shooting Sports

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 Golf

8.2.1 Market Trends

8.2.2 Market Forecast

8.3 Water Sports

8.3.1 Market Trends

8.3.2 Market Forecast

8.4 Wheel Sports

8.4.1 Market Trends

8.4.2 Market Forecast

8.5 Snow Sports

8.5.1 Market Trends

8.5.2 Market Forecast

8.6 Horse Racing

8.6.1 Market Trends

8.6.2 Market Forecast

8.7 Others

8.7.1 Market Trends

8.7.2 Market Forecast

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/l1t6k0

View source version on businesswire.com: https://www.businesswire.com/news/home/20220225005424/en/