The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global sports optic market is projected to increase from $1.98 billion in 2022 to $2.08 billion in 2023, with a 4.8% CAGR. By 2027, the global market for sports optics is anticipated to reach $2.41 billion, growing at a 3.8% CAGR.

North America held the largest sports optic market share, and Asia-Pacific was the fastest-growing region in 2022.

Sports Optic Market Driver
The sports optic market is expected to experience growth due to increasing participation in camping activities. Camping involves outdoor leisure away from urban areas, providing fresh air and sometimes wildlife encounters. Sports optics like binoculars enhance activities such as birdwatching and animal observation, allowing for closer viewing from a distance. For example, in April 2022, the North American Camping Report by Kampgrounds of America, Inc. reported an increase in active camper households in the United States, rising from 86.1 million in 2020 to 93.8 million in 2021. Additionally, there was an 18% growth in households participating in camping at least once in 2021, reaching 57 million. Hence, increased camping participation drives future growth in the sports optic market.

View More On The Sports Optic Market Report 2023 – https://www.thebusinessresearchcompany.com/report/sports-optic-global-market-report

Key Sports Optic Market Segments

The global sports optic market is segmented –

1) By Product Type: Telescopes, Binoculars, Riflescopes, Rangefinders

2) By Distribution Channel: Online, Offline

3) By Applications: Golf, Wheel Sport, Snow Sport, Water Sport, Shooting Sports, Horse Racing, Other Applications

Sports Optic Market Prominent Players
Major players in the sports optic market are L3Harris Technologies Inc., The Vanguard 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, and FLIR Systems Inc.

Request A Sample Of The Global Sports Optic Market Report 2023:
https://www.thebusinessresearchcompany.com/sample_request?id=12255&type=smp

Prominent Sports Optic Market Trend
Innovation in products is a prominent trend in the sports optics market. Leading companies in this market are focusing on creating innovative products to maintain their market position. For example, in March 2022, US-based electronics manufacturer Ricoh Imaging Americas Corporation introduced the Pentax Jupiter series of porro-prism binoculars. This series includes four new versions, all equipped with large-aperture objective lenses that ensure a bright, clear field of vision, even in low-light conditions, such as nighttime or indoor events. The binoculars feature a user-friendly focus ring and an external rubber coating that enhances grip and reduces the risk of slipping.

The Sports Optic Global Market Report 2023  provides comprehensive insights on the sports optic market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the sports optic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Sports And Arts Promoters Global Market Report 2023

Sports Global Market Report 2023

Optical Instrument And Lens Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model