Allied Market Research

2024

Sports Optic Market

Sports Optic Market Size, Share, Competitive Landscape and Trend Analysis Report by Product and by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Sonia Mutreja
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Sports Optic Market Outlook-2026

Optics is the branch of physics that deals with the properties & behavior of light, interaction of light with matter, and construction of instruments that are based on optical application. Sports optics are the devices that are used to magnify distant objects with higher resolutions and less noise for better precision. The sports that majorly uses optics are hunting, water sports, and snow sports. In addition, these optic devices act in the visible, ultraviolet, and infrared range, which enables them, to offer dim light and night vision functionalities. The shooting games include rifle shooting, target shooting, and handgun shooting that are expected to secure major share in sports optic market. The companies such as ATN, Bushnell, Burris Company, and others offer wide range of multifunctional sport optics.

There is an increase in the demand for sport optics such as goggles and sunglasses in the sports industry, owing to rise in requirement of sports accessories for games & adventures. Further, increase in number of events held across the globe and its broadcasting by media and entertainment vertical promotes the youth into these sports. Moreover, increase in disposable income is one of the major contributors to the market growth. The purchasing capability of players for various type of optic gears used in shooting games, biking, marathons, winter sports, beach, and water sports increases the demand sport optics in the market. However, higher initial investment associated with development of advanced sport optics, followed by requirement of specific materials and integration of software is expected to hinder the growth of the sports optic market.

The advancement of optic technology such as functionalities to provide clear, magnified, sharpness and portability in comparison to traditional magnifying optical devices enhance its demand in the sporting events. For example, advanced fourth generation image intensifier provides illuminated target even at the time of dim light. Adoption of AI and IoT in the shooting mechanism, is expected to provide lucrative growth opportunities to the sports optic market. For instance, the shooter can analyze his precision prior to the shooting attempt via connected AI system. Furthermore, the development of advanced optic technology for sports and promotion by media & entertainment vertical for edifying the organization of these events opens a wide market for sports optic in future. Nonetheless, the optic devices developed with foldable frames for enhanced portability, are suitable for users seeking for mobile solutions. This in turn boosts the growth of the sports optic market.

The market of sports optic is segmented on the basis of type, price range, distribution channel, and region. Based on type, it is divided into telescopes, binoculars, rifle scopes, and rangefinders. Based on price range, it is classified into low, mid, and high. Based on distribution channel, it is categorized into online and offline. Based on region, it is studied across North Americas, Europe, Asia-Pacific, and LAMEA.
The key market players in sports optic industry include ATN, Bushnell, Burris Company, Celestron, LLC, ZEISS International, LEUPOLD & STEVENS, INC, Leica Camera AG, Nikon Corporation, SWAROVSKI OPTIK, and Trijicon, Inc.

KEY BENEFITS FOR STAKEHOLDERS

  • This study comprises analytical depiction of the sports optic market with current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Sports Optic Market Report Highlights

Aspects Details
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By Product
  • Telescopes
  • Binoculars
  • Rifle Scopes
  • Rangefinders
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By Application
  • Shooting Sports
  • Golf
  • Water Sports
  • Wheel Sports
  • Snow Sports
  • Horse Racing
  • Other
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By Region
  • North America  (U.S., Canada)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Rest of LAMEA)
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Key Market Players

American Technologies Network Corporation, Leica Camera AG, Carl Zeiss AG, Bushnell Corporation, Swarovski Optik, Celestron, Nikon Corporation, Leupold & Stevens, Inc., Trijicon, Burris

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Sports Optic Market

Global Opportunity Analysis and Industry Forecast, 2023-2032