Market Overview:
The global military binoculars market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as increasing demand for advanced binoculars for military applications and rising expenditure on defense by emerging economies. The global military binoculars market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into roof prism binoculars and porro prism binoculars. Roof prism binoculars are expected to account for a larger share in terms of revenue in 2018 as compared to porro prism binoculars due their superior optical quality and compact size. On the basis of application, the market is segmented into search and rescue, military exercises, reconnaissance & surveillance, target acquisition & designation systems (TADS), among others. Search and rescue applications are expected to account for a major share in terms of revenue owing to increasing demand from emergency services agencies across regions worldwide. Regionally speaking, North America accounted for majority share in 2017 followed by Europe due its well-established defense infrastructure coupled with rising expenditure on defense by countries such as France Germany ,and UK .
Product Definition:
A binocular is an optical instrument that has two identical eyepieces and a telescope. The binoculars are used to see objects at a distance. They are also used in the military to help soldiers see enemies from far away.
Roof Prism Binoculars:
Roof Prism Binoculars, also known as Top-mounted Prism Binoculars or TPRB are a type of binocular vision enhancement device that utilizes a transparent prism to provide the user with an enhanced and clearer image. The product is mounted on top of the traditional military style binocular lenses. It’s advantage over other devices is that it provides both horizontal and vertical images in one instrument, making it easier to aim at targets which are located at different angles.
Porro Prism Binoculars:
Porro Prism Binoculars are a type of optical instrument used for observing. It has two eyepieces, which are connected by a hinge and can be adjusted to different angles. Porro Prism Binoculars have advantages such as they can be used by people with nearsightedness, far sightedness or astigmatism and they come in various sizes so that the user gets an optimal view.
Application Insights:
The military exercises segment dominated the global market in 2017. The use of binoculars during military training and drills has become essential as a weapon system to enhance situational awareness, improve decision-making processes, and provide critical information on the battlefield. Furthermore, advanced optical technologies have made it possible for soldiers to have an edge over their opponents by providing enhanced vision in low-light conditions and through fog or haze.
The others application segment includes commercial activities such as tourism, exploration & mining activities, wildlife conservation programs etc. The growing number of travelers is expected to increase demand for high quality optics that can offer superior clarity even at extreme distances thus driving the product demand across this sector over the forecast period. Moreover, governments are increasingly deploying binoculars along with surveillance systems owing to increasing concerns regarding terrorism among other applications such as search and rescue operations which is likely to propel growth further across various industries including tourism where they are used for bird watching or nature viewing etc.
Regional Analysis:
North America dominated the global military binoculars market in 2017. The U.S., being the most powerful nation, holds a significant share in this region. However, Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing defense budget and border disputes between countries such as India and China, which has led to an increase in military operations across these regions resulting into high demand for advanced instruments such as binoculars for better observation capabilities of troops at war or during rescue operations from heights etc.
The Middle East & Africa is also anticipated to witness substantial growth due to various factors including rising terrorist activities within its borders and conflicts with other nations over oil resources & land ownership resulting into increased government spending on arms & warfare equipment thus propelling industry growth across this region significantly. Moreover, rapid developments along with increasing investments by governments of developed economies are expected drive demand across this region significantly over next eight years till 2030 timeframe (i).e.
Growth Factors:
- Increasing demand for binoculars from the military and defense sector as a result of increasing security threats across the globe.
- Growing investments by governments in military modernization programs, which is expected to lead to an increase in procurement of binoculars by militaries worldwide.
- The increasing demand for night vision binoculars from the military and law enforcement agencies due to rising terrorist threats and criminal activities at night-time.
- Technological advancements in optical design and manufacturing processes that have led to the development of high performance binoculars with superior features such as low weight, compact size, etc., which is resulting in their increased adoption by militaries worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Binoculars Market Research Report
By Type
Roof Prism Binoculars, Porro Prism Binoculars, Others
By Application
Search and Rescue, Military Exercises, Others
By Companies
Leica, Canon, Zeiss, Bushnell, Swarovski Optik, Kowa, Nikon, Pulsar, Steiner, Fujifilm, Olympus, Ricoh, Meopta, Leupold, Yunnan Yuanjin Optical Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Military Binoculars Market Report Segments:
The global Military Binoculars market is segmented on the basis of:
Types
Roof Prism Binoculars, Porro Prism Binoculars, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Search and Rescue, Military Exercises, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Leica
- Canon
- Zeiss
- Bushnell
- Swarovski Optik
- Kowa
- Nikon
- Pulsar
- Steiner
- Fujifilm
- Olympus
- Ricoh
- Meopta
- Leupold
- Yunnan Yuanjin Optical Instruments
Highlights of The Military Binoculars Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Roof Prism Binoculars
- Porro Prism Binoculars
- Others
- By Application:
- Search and Rescue
- Military Exercises
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Military Binoculars Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Military binoculars are a type of optical instrument used by soldiers and other military personnel for observation. They typically have a higher magnification than civilian binoculars, which allows them to see details at greater distances. Military binoculars are also often equipped with special features, such as night vision capabilities, that make them particularly useful in low-light environments.
Some of the major players in the military binoculars market are Leica, Canon, Zeiss, Bushnell, Swarovski Optik, Kowa, Nikon, Pulsar, Steiner, Fujifilm, Olympus, Ricoh, Meopta, Leupold, Yunnan Yuanjin Optical Instruments.
The military binoculars market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Military Binoculars Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Military Binoculars Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Military Binoculars Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Military Binoculars Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Military Binoculars Market Size & Forecast, 2020-2028
4.5.1 Military Binoculars Market Size and Y-o-Y Growth
4.5.2 Military Binoculars Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Roof Prism Binoculars
5.2.2 Porro Prism Binoculars
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Search and Rescue
6.2.2 Military Exercises
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Military Binoculars Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Military Binoculars Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Roof Prism Binoculars
9.6.2 Porro Prism Binoculars
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Search and Rescue
9.10.2 Military Exercises
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Roof Prism Binoculars
10.6.2 Porro Prism Binoculars
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Search and Rescue
10.10.2 Military Exercises
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Roof Prism Binoculars
11.6.2 Porro Prism Binoculars
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Search and Rescue
11.10.2 Military Exercises
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Roof Prism Binoculars
12.6.2 Porro Prism Binoculars
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Search and Rescue
12.10.2 Military Exercises
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Roof Prism Binoculars
13.6.2 Porro Prism Binoculars
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Search and Rescue
13.10.2 Military Exercises
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Military Binoculars Market: Competitive Dashboard
14.2 Global Military Binoculars Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Leica
14.3.2 Canon
14.3.3 Zeiss
14.3.4 Bushnell
14.3.5 Swarovski Optik
14.3.6 Kowa
14.3.7 Nikon
14.3.8 Pulsar
14.3.9 Steiner
14.3.10 Fujifilm
14.3.11 Olympus
14.3.12 Ricoh
14.3.13 Meopta
14.3.14 Leupold
14.3.15 Yunnan Yuanjin Optical Instruments
