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The global sports optic market was valued at US$ 2.13 Billion in 2021.
We expect the global sports optic market to exhibit a CAGR of 3.10% during 2022-2027.
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.
The sudden outbreak of the COVID-19 pandemic has led to the limited demand for sports optic devices,
on account of the 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 the 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
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.
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