Market Overview:
The global professional binoculars market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for binoculars from the defense and military sector, and rising adoption of binoculars for civil use. Based on type, the global professional binoculars market can be segmented into infrared binoculars and other prism binoculars.
Product Definition:
A binocular is a pair of identical or mirror-symmetrical telescopes mounted side-by-side and aligned to point in the same direction, allowing the viewer to use both eyes (binocular vision) and see an image with greater resolution than that of a single telescope.
Infrared Binoculars:
Infrared binoculars are a combination of normal binoculars and infrared instruments. They can be used for vision in the dark, night time or even indoors. The normal view offered by them is like an enhanced version of monochrome; they offer a sharp image with improved acuity compared to the traditional binoculars. These products have been designed to overcome some limitations associated with both types of bins; infrared included.
Other Prism Binoculars:
Other Prism Binoculars are also known as Third Eye Binoculars. They have two lenses, one for each eye and they use the other lens to gather more light than a normal binocular. Other prism binoculars can be used by people who have lost their sight due to age, uncorrected refractive errors or any other reason. These devices are not recommended for children under 7 years of age as they may put pressure on the eyes and cause permanent damage.
Application Insights:
The defense and military application segment dominated the global professional binoculars market in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for high-performance optics from countries such as China, Russia and India. These countries are investing heavily in enhancing their military capabilities which is likely to propel demand for advanced binoculars with enhanced performance characteristics.
Civil use of prismatic or monoculare binoculars has been gaining popularity due to its wide applications across a variety of fields such as construction, inspection, agriculture etcetera. Prismatic or monocularebinos are lightweight and compact which makes them highly portable along with offering an easy grip option suitable for people who wear glasses on a daily basis.
Regional Analysis:
North America dominated the global market in 2017. The growing popularity of outdoor activities, coupled with the high disposable income of consumers, is expected to remain a key factor driving the regional market over the forecast period. Furthermore, government initiatives encouraging civil use and increased focus on military operations are also likely to contribute toward growth in this region.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to increasing awareness among people about binoculars and its applications along with rising demand for compact devices from tourists and adventure sports participants. Europe accounted for more than 25% share in 2017 owing to high product adoption by birdwatchers across countries such as Spain, Italy and France over past few years.
Growth Factors:
- Increasing demand for binoculars from the military and defense sector
- Growing popularity of bird watching and other outdoor activities that require binoculars
- Technological advancements in binocular design and features
- Rising disposable income levels of consumers in developing countries
- Increased marketing and promotional activities by leading players in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Professional Binoculars Market Research Report
By Type
Infrared Binoculars, Other Prism Binoculars
By Application
Civil Use, Defense & Militar
By Companies
Nikon, Bushnell, Eagle Optics, Tasco, Pulsar, Steiner, Zeiss, Olympus, Simmons, Leica, Canon, Ricoh, Meade Instruments, Kowa, Swarovski Optik, Celestron, Leupold, Alpen, Meopta, Opticron, Vixen, Lunt Engineering, Barska, Fujifilm, Levenhuk, Bosma, TianLang, Visionking
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Professional Binoculars Market Report Segments:
The global Professional Binoculars market is segmented on the basis of:
Types
Infrared Binoculars, Other Prism Binoculars
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
Civil Use, Defense & Militar
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:
- Nikon
- Bushnell
- Eagle Optics
- Tasco
- Pulsar
- Steiner
- Zeiss
- Olympus
- Simmons
- Leica
- Canon
- Ricoh
- Meade Instruments
- Kowa
- Swarovski Optik
- Celestron
- Leupold
- Alpen
- Meopta
- Opticron
- Vixen
- Lunt Engineering
- Barska
- Fujifilm
- Levenhuk
- Bosma
- TianLang
- Visionking
Highlights of The Professional 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:
- Infrared Binoculars
- Other Prism Binoculars
- By Application:
- Civil Use
- Defense & Militar
- 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 Professional 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Professional binoculars are designed for use by professionals in a variety of fields, such as law enforcement, the military, and wildlife observation. They typically feature a higher quality optical system than consumer models, and are often equipped with advanced features like automatic brightness adjustment and waterproofing.
Some of the major companies in the professional binoculars market are Nikon, Bushnell, Eagle Optics, Tasco, Pulsar, Steiner, Zeiss, Olympus, Simmons, Leica, Canon, Ricoh, Meade Instruments, Kowa, Swarovski Optik, Celestron, Leupold, Alpen, Meopta, Opticron, Vixen, Lunt Engineering, Barska, Fujifilm, Levenhuk, Bosma, TianLang, Visionking.
The professional 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 Professional 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 Professional Binoculars Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Professional 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 Professional 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 Professional Binoculars Market Size & Forecast, 2018-2028
4.5.1 Professional Binoculars Market Size and Y-o-Y Growth
4.5.2 Professional Binoculars Market Absolute $ Opportunity
Chapter 5 Global Professional Binoculars 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 Professional Binoculars Market Size Forecast by Type
5.2.1 Infrared Binoculars
5.2.2 Other Prism Binoculars
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Professional Binoculars 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 Professional Binoculars Market Size Forecast by Applications
6.2.1 Civil Use
6.2.2 Defense & Militar
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Professional 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 Professional 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 Professional Binoculars Analysis and Forecast
9.1 Introduction
9.2 North America Professional Binoculars 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 Professional Binoculars Market Size Forecast by Type
9.6.1 Infrared Binoculars
9.6.2 Other Prism Binoculars
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 Professional Binoculars Market Size Forecast by Applications
9.10.1 Civil Use
9.10.2 Defense & Militar
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 Professional Binoculars Analysis and Forecast
10.1 Introduction
10.2 Europe Professional Binoculars 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 Professional Binoculars Market Size Forecast by Type
10.6.1 Infrared Binoculars
10.6.2 Other Prism Binoculars
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 Professional Binoculars Market Size Forecast by Applications
10.10.1 Civil Use
10.10.2 Defense & Militar
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 Professional Binoculars Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Professional Binoculars 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 Professional Binoculars Market Size Forecast by Type
11.6.1 Infrared Binoculars
11.6.2 Other Prism Binoculars
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 Professional Binoculars Market Size Forecast by Applications
11.10.1 Civil Use
11.10.2 Defense & Militar
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 Professional Binoculars Analysis and Forecast
12.1 Introduction
12.2 Latin America Professional Binoculars 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 Professional Binoculars Market Size Forecast by Type
12.6.1 Infrared Binoculars
12.6.2 Other Prism Binoculars
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 Professional Binoculars Market Size Forecast by Applications
12.10.1 Civil Use
12.10.2 Defense & Militar
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) Professional Binoculars Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Professional Binoculars 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) Professional Binoculars Market Size Forecast by Type
13.6.1 Infrared Binoculars
13.6.2 Other Prism Binoculars
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) Professional Binoculars Market Size Forecast by Applications
13.10.1 Civil Use
13.10.2 Defense & Militar
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 Professional Binoculars Market: Competitive Dashboard
14.2 Global Professional Binoculars Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nikon
14.3.2 Bushnell
14.3.3 Eagle Optics
14.3.4 Tasco
14.3.5 Pulsar
14.3.6 Steiner
14.3.7 Zeiss
14.3.8 Olympus
14.3.9 Simmons
14.3.10 Leica
14.3.11 Canon
14.3.12 Ricoh
14.3.13 Meade Instruments
14.3.14 Kowa
14.3.15 Swarovski Optik
14.3.16 Celestron
14.3.17 Leupold
14.3.18 Alpen
14.3.19 Meopta
14.3.20 Opticron
14.3.21 Vixen
14.3.22 Lunt Engineering
14.3.23 Barska
14.3.24 Fujifilm
14.3.25 Levenhuk
14.3.26 Bosma
14.3.27 TianLang
14.3.28 Visionking
