Market Overview:
The global sports optic market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing popularity of shooting sports, golf, water sports, wheel sports, snow sports and horse racing. Additionally, the growing demand for technologically advanced optics is also contributing to the growth of this market. On the basis of type, telescopes are expected to lead the global sport optic market with a share of more than 50%. This can be attributed to their widespread use in shooting and hunting applications. Riflescopes are also anticipated to witness significant growth during the forecast period owing their increasing use by law enforcement agencies and military forces across different regions. Based on application, shooting sports are estimated account for majority share in terms revenue generated by global sport optic market during 2018-2030 period .This can be primarily attributed growing interest among people towards target shooting as well as hunting activities .
Product Definition:
A sports optic is a device used by athletes to improve their vision while playing sports. It is typically a pair of spectacles or sunglasses with lenses that are designed to reduce glare and increase the clarity of objects. Sports optics can be used by athletes in any sport, but they are most commonly used in contact sports such as football and rugby, where players need to be able to see clearly when they are running around on a field full of other players.
Telescopes:
Telescopes are devices that help in enhancing vision. They come in different shapes and sizes, the most common ones being optical lenses, eyepiece (looking glass), objective lens or mirror. Telescopes can be used for many purposes such as sports optics, observational astronomy etc., but they find their major application in observation of solar system objects and deep space objects.
Riflescopes:
Riflescopes are used in rifles to enhance the aiming capabilities. They are also known as red dot scope and can be mounted on the rifle or shotgun. It is a device that helps in targeting objects at a longer distance with greater accuracy. The riflescopes come in different types such as fixed power, variable power, and optical scopes among others which have different applications for shooting sports etc.
Application Insights:
The shooting sports segment dominated the global sports optics market in 2017. The segment is expected to witness significant growth over the forecast period owing to rising participation and popularity of shooting games such as paintball, airsoft, laser tag and others among all age groups across the world. Furthermore, increasing government initiatives for promoting fitness and maintaining a healthy lifestyle will boost demand further.
Golf was another prominent application that accounted for a substantial share in 2017.
Regional Analysis:
North America dominated the global sports optics market in 2017. The region is expected to maintain its dominance over the forecast period. North America has a large number of shooting and adventure sports destinations, which have resulted in increased demand for rangefinders and other spotting equipment used for hunting animals or targets. Europe accounted for more than 25% share of the overall revenue in 2017 owing to high popularity of various outdoor activities such as fishing, trekking, hiking, cycling among others. Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to increasing target shooting events on account of rising urbanization resulting into loss of natural resources and environment concerns coupled with growing crime rate within countries such as India & China & Philippines etc.
Growth Factors:
- Increasing demand for sports eyewear from athletes and non-athletes
- Rising awareness about the benefits of using sports eyewear
- Growing popularity of outdoor and extreme sports
- Technological advancements in the design and manufacturing of sports eyewear
- Increased spending on health and fitness by consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Sports Optic Market Research Report
By Type
Telescopes, Riflescopes, Rangefinders, Others
By Application
Shooting Sports, Golf, Water Sports, Wheel Sports, Snow Sports, Horse Racing, Others
By Companies
Nikon, Carl Zeiss, Leupold and Stevens, Bushnell, Trijicon, Celestron, Burris, Leica Camera, Swarovski Optik, ATN
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Sports Optic Market Report Segments:
The global Sports Optic market is segmented on the basis of:
Types
Telescopes, Riflescopes, Rangefinders, 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
Shooting Sports, Golf, Water Sports, Wheel Sports, Snow Sports, Horse Racing, 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:
- Nikon
- Carl Zeiss
- Leupold and Stevens
- Bushnell
- Trijicon
- Celestron
- Burris
- Leica Camera
- Swarovski Optik
- ATN
Highlights of The Sports Optic 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:
- Telescopes
- Riflescopes
- Rangefinders
- Others
- By Application:
- Shooting Sports
- Golf
- Water Sports
- Wheel Sports
- Snow Sports
- Horse Racing
- 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 Sports Optic 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
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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?
Sports Optic is a company that specializes in the design, manufacture and marketing of sports optics products.
Some of the major players in the sports optic market are Nikon, Carl Zeiss, Leupold and Stevens, Bushnell, Trijicon, Celestron, Burris, Leica Camera, Swarovski Optik, ATN.
The sports optic market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sports Optic 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 Sports Optic Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Sports Optic 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 Sports Optic 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 Sports Optic Market Size & Forecast, 2018-2028 4.5.1 Sports Optic Market Size and Y-o-Y Growth 4.5.2 Sports Optic Market Absolute $ Opportunity
Chapter 5 Global Sports Optic 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 Sports Optic Market Size Forecast by Type
5.2.1 Telescopes
5.2.2 Riflescopes
5.2.3 Rangefinders
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Sports Optic 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 Sports Optic Market Size Forecast by Applications
6.2.1 Shooting Sports
6.2.2 Golf
6.2.3 Water Sports
6.2.4 Wheel Sports
6.2.5 Snow Sports
6.2.6 Horse Racing
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sports Optic 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 Sports Optic 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 Sports Optic Analysis and Forecast
9.1 Introduction
9.2 North America Sports Optic 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 Sports Optic Market Size Forecast by Type
9.6.1 Telescopes
9.6.2 Riflescopes
9.6.3 Rangefinders
9.6.4 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 Sports Optic Market Size Forecast by Applications
9.10.1 Shooting Sports
9.10.2 Golf
9.10.3 Water Sports
9.10.4 Wheel Sports
9.10.5 Snow Sports
9.10.6 Horse Racing
9.10.7 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 Sports Optic Analysis and Forecast
10.1 Introduction
10.2 Europe Sports Optic 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 Sports Optic Market Size Forecast by Type
10.6.1 Telescopes
10.6.2 Riflescopes
10.6.3 Rangefinders
10.6.4 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 Sports Optic Market Size Forecast by Applications
10.10.1 Shooting Sports
10.10.2 Golf
10.10.3 Water Sports
10.10.4 Wheel Sports
10.10.5 Snow Sports
10.10.6 Horse Racing
10.10.7 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 Sports Optic Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Sports Optic 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 Sports Optic Market Size Forecast by Type
11.6.1 Telescopes
11.6.2 Riflescopes
11.6.3 Rangefinders
11.6.4 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 Sports Optic Market Size Forecast by Applications
11.10.1 Shooting Sports
11.10.2 Golf
11.10.3 Water Sports
11.10.4 Wheel Sports
11.10.5 Snow Sports
11.10.6 Horse Racing
11.10.7 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 Sports Optic Analysis and Forecast
12.1 Introduction
12.2 Latin America Sports Optic 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 Sports Optic Market Size Forecast by Type
12.6.1 Telescopes
12.6.2 Riflescopes
12.6.3 Rangefinders
12.6.4 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 Sports Optic Market Size Forecast by Applications
12.10.1 Shooting Sports
12.10.2 Golf
12.10.3 Water Sports
12.10.4 Wheel Sports
12.10.5 Snow Sports
12.10.6 Horse Racing
12.10.7 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) Sports Optic Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Sports Optic 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) Sports Optic Market Size Forecast by Type
13.6.1 Telescopes
13.6.2 Riflescopes
13.6.3 Rangefinders
13.6.4 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) Sports Optic Market Size Forecast by Applications
13.10.1 Shooting Sports
13.10.2 Golf
13.10.3 Water Sports
13.10.4 Wheel Sports
13.10.5 Snow Sports
13.10.6 Horse Racing
13.10.7 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 Sports Optic Market: Competitive Dashboard
14.2 Global Sports Optic Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nikon
14.3.2 Carl Zeiss
14.3.3 Leupold and Stevens
14.3.4 Bushnell
14.3.5 Trijicon
14.3.6 Celestron
14.3.7 Burris
14.3.8 Leica Camera
14.3.9 Swarovski Optik
14.3.10 ATN