Sports Optic Market Report by Type (Telescopes, Binoculars, Rifle Scopes, Rangefinders), Distribution Channel (Online, Offline), Application (Shooting Sports, Golf, Water Sports, Wheel Sports, Snow Sports, Horse Racing, and Others), and Region 2024-2032

Sports Optic Market Report by Type (Telescopes, Binoculars, Rifle Scopes, Rangefinders), Distribution Channel (Online, Offline), Application (Shooting Sports, Golf, Water Sports, Wheel Sports, Snow Sports, Horse Racing, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5106
Buy Now

Global Sports Optic Market:

The global sports optic market size reached US$ 2.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.9 Billion by 2032, exhibiting a growth rate (CAGR) of 2.62% during 2024-2032. The growing outdoor recreational activities, along with the increasing brand influence, are bolstering the market.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 2.3 Billion
Market Forecast in 2032
US$ 2.9 Billion
Market Growth Rate 2024-2032 2.62%


Sports Optic Market Analysis:

  • Major Market Drivers: The rising consumer interest in outdoor and sporting activities is one of the key factors bolstering the market. Moreover, the increasing number of recreational activities is also acting as another significant growth-inducing factor.
  • Key Market Trends: The growing integration of smart technology in sports optics, such as global positioning systems (GPS) in binoculars or ballistic calculators in riflescopes, is fueling the market.
  • Competitive Landscape: Some of the prominent companies in the global market include American Technologies Network Corp, Burris Company Inc., Bushnell Inc. (Vista Outdoor Inc.), Carl Zeiss AG, Celestron LLC (Synta Technology Corporation of Taiwan), Karl Kaps GmbH & Co. KG, Leica Camera Aktiengesellschaft, Leupold & Stevens Inc., Meopta - optika s.r.o, Nikon Corporation, Primary Arms L.L.C., Teledyne Flir LLC (Teledyne Technologies Incorporated), and Trijicon Inc., among many others.
  • Geographical Trends: North America exhibits a clear dominance in the market, owing to substantial spending on sports equipment. Furthermore, the growing presence of international brands is also contributing to the market.
  • Challenges and Opportunities: One of the limitations hindering the market is the high cost of advanced technology. However, extensive investments in R&D activities to create more affordable sports products are expected to fuel the market in the coming years.


Sports Optic Market

Sports Optic Market Trends:

Rising Adoption of Digital Technology

The growing incorporation of features, including high-definition video recording, digital image stabilization, smartphone integration, etc., is acting as a significant growth-inducing factor. For example, in April 2024, FORM, the industry-leading fitness technology company pioneering real-time visual feedback to elevate athletic performance, launched its second-generation augmented reality swim goggles that cater to both triathletes and swimmers of all abilities. Apart from this, products such as ATN and Pulsar are equipped with these advanced features, which is escalating the sports optic market demand.

Growing Popularity of Outdoor Activities

The escalating demand for high-quality optics, including spotting scopes and binoculars, is propelling the market. This trend is also bolstered by the inflating inclination towards nature and wildlife observation as a safe and relaxing outdoor activity. For example, in January 2024, Ricoh Imaging Americas Corporation unveiled the PENTAX PF-85EDA spotting scope that is ideal for a variety of applications, including birdwatching and nature and astronomical observations. Apart from this, companies like Zeiss and Vortex have seen increased sales of birdwatching optics, which is positively influencing the sports optic market outlook.

Expansion of B2B Platforms

B2B platforms provide a centralized hub where businesses can source a wide range of optics directly from producers like Nikon, Vortex, and Bushnell. By leveraging B2B platforms, companies can access bulk purchasing options, competitive pricing, and detailed product specifications, which aids in inventory management and strategic planning. Furthermore, platforms like Global Sources and Alibaba offer networking opportunities and market insights, thereby enabling businesses to stay updated with industry trends and innovations. Besides this, in March 2024, Zenni Optical launched a B2B platform that includes manufacturing and logistics, ownership of optical laboratories, frame design, etc.

Global Sports Optic Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the sports optic market forecast at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on the type, distribution channel, and application.

Breakup by Type:

Sports Optic Market By Type

  • Telescopes
  • Binoculars
  • Rifle Scopes
  • Rangefinders
     

Telescopes currently exhibit a clear dominance in the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes telescopes, binoculars, rifle scopes, and rangefinders. According to the report, telescopes represented the largest market segmentation.

Telescopes represent the largest segment of the market due to their diverse applications and widespread popularity among various user groups, from amateur astronomers to professional researchers. These instruments offer the capability to observe distant objects with remarkable clarity, making them indispensable for activities such as stargazing, wildlife observation, and even maritime navigation. For instance, brands like Celestron and Meade have developed telescopes that cater to different skill levels, from beginner-friendly models to advanced systems with computerized mounts for precise tracking, which is elevating the sports optic market's recent price across this segmentation.

Breakup by Distribution Channel:

  • Online
  • Offline
     

Currently, online holds the largest market share

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes online and offline. According to the report, online represented the largest market segmentation.

Online sales represent the largest segment in the market due to the convenience, extensive product range, and competitive pricing that e-commerce platforms offer. Customers can easily compare different brands and models, read reviews, and access detailed specifications, thereby making informed decisions without the need to visit physical stores. For example, platforms like Amazon and B&H Photo provide a vast selection of sports optics, from binoculars and telescopes to spotting scopes, which is augmenting the sports optic market revenue across the segmentation.

Breakup by Application:

  • Shooting Sports
  • Golf
  • Water Sports
  • Wheel Sports
  • Snow Sports
  • Horse Racing
  • Others
     

Shooting sports account for the majority of the total sports optic market share

The report has provided a detailed breakup and analysis of the market based on the application. This includes shooting sports, golf, water sports, wheel sports, snow sports, horse racing, and others. According to the report, shooting sports represented the largest market segmentation.

Shooting sports represent the largest segment in the market due to the critical role optics play in enhancing accuracy and performance. Shooters, whether involved in hunting, competitive shooting, or recreational target practice, rely heavily on high-quality optics such as riflescopes, red dot sights, and rangefinders to improve their precision and overall experience. For example, brands like Vortex Optics and Leupold have developed specialized products tailored to the unique needs of shooters, offering features, such as long-range capabilities, advanced reticle systems, and rugged durability to withstand harsh conditions. This, in turn, is elevating the sports optic market statistics.

Breakup by Region:

Sports Optic Market By Region

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

North America currently dominates the market

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share. 

As per the sports optic market overview, North America is thriving, driven by a robust interest in outdoor activities such as birdwatching, hunting, and stargazing. The region's diverse landscapes, from vast forests and mountain ranges to open prairies and coastal areas, create ideal conditions for using high-quality optics. For instance, American brands like Bushnell and Leupold have become industry leaders by offering a wide range of products, including binoculars, spotting scopes, and riflescopes, designed to meet the specific needs of North American consumers. Additionally, the popularity of amateur astronomy in the United States has spurred demand for advanced telescopes from companies like Celestron.

Competitive Landscape:

At present, key players in the sports optics market are actively engaging in various strategic initiatives to enhance their market presence and cater to the rising demand for high-quality optical solutions. They are heavily investing in research and development (R&D) to introduce innovative products with advanced features like improved clarity, range, and durability, suitable for various sports and outdoor activities. Moreover, collaborations, mergers, and acquisitions are also prominent strategies these companies adopt to expand their global footprint and product portfolio. This represents one of the sports optic market recent opportunities. Furthermore, they focus on strengthening their distribution networks and enhancing customer engagement through digital marketing and e-commerce platforms.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major sports optic market companies have also been provided. Some of the key players in the market include:

  • American Technologies Network Corp
  • Burris Company Inc.
  • Bushnell Inc. (Vista Outdoor Inc.)
  • Carl Zeiss AG
  • Celestron LLC (Synta Technology Corporation of Taiwan)
  • Karl Kaps GmbH & Co. KG
  • Leica Camera Aktiengesellschaft
  • Leupold & Stevens Inc.
  • Meopta - optika s.r.o
  • Nikon Corporation
  • Primary Arms L.L.C.
  • Teledyne Flir LLC (Teledyne Technologies Incorporated)
  • Trijicon Inc.
     

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Sports Optic Market Recent Developments:

  • July 2024: Zenni Optical partnered with USA Volleyball (USAV) to launch an innovative line of sports optic sunglasses.
  • May 2024: One of the opticians and eyewear retail chains, Optic 2000, collaborated with Artha to empower visually impaired gamers.
  • February 2024: Italian football club Juventus announced the introduction of a capsule collection with OpTic Gaming for sports and esports.


Sports Optic Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Type
  • Distribution Channel
  • Application
  • Region
Types Covered Telescopes, Binoculars, Rifle Scopes, Rangefinders
Distribution Channels Covered Online, Offline
Applications Covered Shooting Sports, Golf, Water Sports, Wheel Sports, Snow Sports, Horse Racing, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered American Technologies Network Corp, Burris Company Inc., Bushnell Inc. (Vista Outdoor Inc.), Carl Zeiss AG, Celestron LLC (Synta Technology Corporation of Taiwan), Karl Kaps GmbH & Co. KG, Leica Camera Aktiengesellschaft, Leupold & Stevens Inc., Meopta - optika s.r.o, Nikon Corporation, Primary Arms L.L.C., Teledyne Flir LLC (Teledyne Technologies Incorporated), Trijicon Inc., etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Benefits for Stakeholders:

  • IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the sports optic market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global sports optic market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the sports optic industry and its attractiveness.
  • The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global sports optic market was valued at US$ 2.3 Billion in 2023.

We expect the global sports optic market to exhibit a CAGR of 2.62% during 2024-2032.

The increasing popularity of recreational and sports activities, along with the rising utilization of sports optic devices for magnifying distant objects for improved clarity and enhanced performance, is primarily driving the global sports optic market growth.

The sudden outbreak of the COVID-19 pandemic has led to limited demand for sports optic devices due to temporary restrictions on outdoor sports activities. However, in the post-COVID-19 scenario, there is anticipated to be an increased demand for sports optic devices among health-conscious consumers, owing to the growing inclination towards various sports activities.

Based on the type, the global sports optic market can be segmented into telescopes, binoculars, rifle scopes, and rangefinders. Among these, telescopes currently hold the majority of the total market share.

Based on the distribution channel, the global sports optic market has been divided into online and offline. Currently, online exhibits a clear dominance in the market.

Based on the application, the global sports optic market can be categorized into shooting sports, golf, water sports, wheel sports, snow sports, horse racing, and others. Among these, shooting sports account for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global sports optic market include American Technologies Network Corp, Burris Company Inc., Bushnell Inc. (Vista Outdoor Inc.), Carl Zeiss AG, Celestron LLC (Synta Technology Corporation of Taiwan), Karl Kaps GmbH & Co. KG, Leica Camera Aktiengesellschaft, Leupold & Stevens Inc., Meopta - optika s.r.o, Nikon Corporation, Primary Arms L.L.C., Teledyne Flir LLC (Teledyne Technologies Incorporated), and Trijicon Inc.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Sports Optic Market Report by Type (Telescopes, Binoculars, Rifle Scopes, Rangefinders), Distribution Channel (Online, Offline), Application (Shooting Sports, Golf, Water Sports, Wheel Sports, Snow Sports, Horse Racing, and Others), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARATI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More
DEinternational Egypt

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

Read More