Global Sports Optic Market Strategies 2024, Forecast To 2033
8 Mar, 2024
The sports optic market has experienced steady growth, rising from $2.08 billion in 2023 to $2.17 billion in 2024, with a 4.5% CAGR. This growth is attributed to outdoor recreational activities and advancements in manufacturing processes. Predicted to grow to $2.53 billion in 2028, with a 3.9% CAGR, the market's expansion will be driven by technological integration and rising interest in adventure tourism. Major trends include enhanced optical coatings and AI-assisted optics.
Global Sports Optic Market Key Driver
Growth in the sports optic market is fueled by increasing participation in camping activities. Camping enthusiasts, engaged in outdoor pursuits like birdwatching, rely on sports optics for enhanced viewing experiences. Data from Kampgrounds of America, Inc. indicates a significant rise in active camper households, reflecting growing interest in camping. This increasing participation in camping activities is driving growth in the sports optic market as consumers seek quality equipment for outdoor experiences.
Get A Free Sample Of The Global Sports Optic Market ReportGlobal Sports Optic Market Segments
The sports optic market covered in this report is segmented –
1) Product Type:Telescopes, Binoculars, Riflescopes, Rangefinders
2) Distribution Channel:Online, Offline
3) Applications:Golf, Wheel Sport, Snow Sport, Water Sport, Shooting Sports, Horse Racing, Other Applications
By Geography: The countries covered in the sports optic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the sports optic market in 2023. Asia-Pacific is expected to be the fastest-growing region in the sports optic market report during the forecast period. The regions covered in the sports optic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Sports Optic Industry Players
L3Harris Technologies Inc.; The Vangaurd Group Inc.; Carl Zeiss AG; Nikon Corporation; Vista Outdoor Inc.; Beretta Holding S.A.; Safilo Group S.p.A; Swarovski Optik KG; Leica Camera AG; Burris Company Inc.; Trijicon Inc.; Vortex Optics; Bushnell Corporation; Meopta - Optika S.R.O; EOTech Inc.; Celestron LLC; American Technologies Network Corporation; Nightforce Optics Inc.; Nightforce Optics Inc.; Barska; U.S. Optics Inc.; Schmidt u. Bender GmbH & Co. KG; GPO GmbH; U.S. Optics; FLIR Systems Inc.
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Sports Optic Market Overview
Sports optics refers to tools used in the field made of photo-translucent or photo-reactive materials that interact with the light passing through them. Sports optics are employed in various sports like archery and home defense for precise sights.