Global Sports Optic Market Is Anticipated To Reach Around USD 2,754.40 Million By 2032

Zion Market Research has published a new report titled “Sports Optic Market By Product (Binoculars, Rangefinders, Riflescopes, and Telescopes) and By Application (Golf, Horse Racing, Shooting Sports, Snow Sports, Water Sports, Wheel Sports, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032”. According to the report, the global sports optic market was USD 2,124.30 million in 2023 and is expected to reach around USD 2,754.40 million by 2032, at a CAGR of approximately 3.05% between 2024  and 2032.

A wide variety of optical equipment, such as binoculars, telescopes, rangefinders, and riflescopes, are used for different sports activities and are called sports optics. These are used for achieving a sharper and larger view of a targeted object. Moreover, all sports optic equipment operates on almost the same concept of magnifying instruments. Among all sports optic products, binoculars are commonly used.

Browse the full “Sports Optic Market By Product (Binoculars, Rangefinders, Riflescopes, And Telescopes), By Application (Golf, Horse Racing, Shooting Sports, Snow Sports, Water Sports, Wheel Sports, And Others) and By Region: Global Industry Perspective, Comprehensive Analysis, And Forecast, 2024 - 2032” Report at https://www.zionmarketresearch.com/report/sports-optic-market

The sports optic market is anticipated to grow notably in the future, owing to their ability to provide better performance specifications, such as clarity, magnification, sharpness, and portability of sports optics. Moreover, improved fan engagement is another factor boosting the sports optic market. Furthermore, the rising application of sports optics in numerous games is estimated to positively influence market growth in the future. However, an in-house entertainment system may hamper the sports optic market development.

By product, the sports optic market includes rangefinders, binoculars, rangefinders, and riflescopes. Binoculars are expected to hold a considerable market share, owing to their use in different types of games. Binoculars are designed to provide a high-quality image of a distant object, thereby propelling the demand for binoculars, especially in golf, horse racing, and shooting sports. Moreover, telescopes are projected to witness significant market growth over the forecast period. Based on application, the shooting sports segment is expected to hold a notable share in the sports optic market. Shooting guns are used in several sporting events like rifle shooting, handgun shooting, and target shooting. Rising awareness about various shooting sports is anticipated to influence this segment’s growth.

North America is expected to hold a substantial sports optic market share globally over the projected timeframe, owing to the regional presence of prominent players like Leupold & Stevens, Trijicon, Bushnell, Burris, and Celestron. In January 2019, Burris partnered with America’s Shooting Team to provide spotting scopes and binoculars. The Asia Pacific is an emerging and promising sports optic market, due to the growth of small- and medium-scale businesses and the developing economies of India and China. Moreover, the growth in the number of stadiums and upcoming sports events including the Asian Winter Games and Summer Olympic Games, and the upcoming event, the World Masters Games are predicted to further drive the Asia Pacific sports optic market.

Some noticeable players in the sports optics market are Leupold & Stevens, Nikon, Carl Zeiss, Bushnell, Burris, Trijicon, Celestron, Swarovski, Leica Camera, American Technologies Network, Vortex Optics, Hawke, Nightforce Optics, Meopta, Athlon, FLIR Systems, EOTech, and SIG Sauer.

This report segments the global sports optic market into:

Global Sports Optic Market: Product Analysis

• Binoculars
• Rangefinders
• Riflescopes
• Telescopes

Global Sports Optic Market: Application Analysis

• Golf
• Horse Racing
• Shooting Sports
• Snow Sports
• Water Sports
• Wheel Sports
• Others

Global Sports Optic Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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