Sports Optic Market by Products (Telescopes, Binoculars, Rangefinders, And Riflescopes), Games (Shooting Sports, Golf, Water Sports, Wheel Sports, Snow Sports, Horse Racing), and Geography (North America, Europe, Apac, Row) - Global Forecast to 2024

Date: April 1, 2019
Pages: 113
Price:
US$ 5,650.00
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Publisher: MarketsandMarkets
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: S967EAF77EFEN
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Sports Optic Market by Products (Telescopes, Binoculars, Rangefinders, And Riflescopes), Games (Shooting Sports, Golf, Water Sports, Wheel Sports, Snow Sports, Horse Racing), and Geography (North America, Europe, Apac, Row) - Global Forecast to 2024
“Sports optic market to grow at a CAGR of 2.71% from 2019 to 2024”

The sports optic market is projected to reach USD 1.8 billion in 2019 and is expected to reach USD 2.1 billion by 2024 growing at a CAGR of 2.71% during that period. The expected market growth can largely be attributed to enhanced fan engagement/experience. Further, superior performance specifications such as clarity, sharpness, portability, and magnification, and size are also driving the sports optic market. Moreover, increasing games using sports optic and emerging application in sports technology are expected to fuel the growth of the market in the coming years. Competition from in-house entertainment systems is acting as a major challenge for the growth of the sports optic market.

“Sports binoculars market to hold largest size in sports optic market during forecast period”

Binocular is a universal product used by spectators in all types of games. Currently, binoculars come in different ranges where people can experience 3D view and high-tech binoculars that are designed to experience the high quality of distant image, boosting the market for binoculars especially in shooting sports, golf, and horse racing. In recent years, video LCD binoculars and hands-free binoculars have also gained high traction in the sports industry.

“Water sports to grow at highest CAGR in sports optics market during forecast period”

Demand for sports optic is growing at a fast rate because of increasing participation for water sports across all age groups and outdoor recreational activities. Factors such as water sport facilities, advancement in water sports infrastructure and technological advancement of sports optics product used in water sports are expected to drive the sports optic market for water sports.

“North America accounted for largest share in sports optic market during forecast period”

North America, being the early adopter of advanced sports optic products, accounts for the largest share of the sports optic market followed by Europe and APAC. The growth of the sports optic market in the region can be attributed to the presence of several major market players in the region. North American companies have been contributing to the evolution and development of sports optic to gain competitive advantage and increase their business productivity. Governments in the region have increased their spending on gaming infrastructure, which has fuelled the market for sports optic in the region. Moreover, high number of golf courses in the US is also boosting the demand for sports optics (especially rangefinders) in the region. (US).

Breakdown of primary participants’ profile:
  • By Company Type: Tier 1 – 30%, Tier 2 – 40%, and Tier 3 – 30%
  • By Designation: C-Level Executives – 32%, Directors – 38%, and Others – 30%
  • By Region: North America – 35%, Europe - 31%, APAC – 26%, and RoW – 8%
Key players in the sports optic market include Nikon (Japan), Carl Zeiss (Germany), Leupold & Stevens (US), Bushnell (US), Trijicon (US), Celestron (US), Burris (US), Leica Camera (Germany), Swarovski Optik (Austria), and ATN (US). The study includes an in-depth competitive analysis of these key market players, with their company profiles, recent developments, and key market strategies.

Research Coverage:
The study covers the sports optic market. It aims at estimating the market size and growth potential of this market, across different segments, such as products, games, and region. The study also includes an in-depth competitive analysis of key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall sports optic market and its sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION

1.1 STUDY OBJECTIVE
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
  1.3.1 MARKETS COVERED
  1.3.2 REGIONAL SCOPE
  1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
  2.1.1 SECONDARY DATA
    2.1.1.1 List of major secondary sources
    2.1.1.2 Secondary sources
  2.1.2 PRIMARY DATA
    2.1.2.1 Primary interviews with experts
    2.1.2.2 Breakdown of primaries
    2.1.2.3 Key data from primary sources
  2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
  2.2.1 BOTTOM-UP APPROACH
    2.2.1.1 Approach for capturing the market size by bottom-up analysis (demand side)
    2.2.1.2 Approach for capturing market size considering various players in value chain of sports optics market
  2.2.2 TOP-DOWN APPROACH
    2.2.2.1 Approach for capturing the market size by top-down analysis (supply side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES IN SPORTS OPTIC MARKET (2019–2024)
4.2 SPORTS TELESCOPES MARKET, BY GAMES
4.3 SPORTS OPTICS MARKET FOR GOLF, BY PRODUCTS
4.4 NORTH AMERICAN SPORTS OPTIC MARKET

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
  5.2.1 DRIVERS
    5.2.1.1 Enhanced fan engagement/experience
    5.2.1.2 Superior performance specifications such as clarity, sharpness, portability, and magnification
  5.2.2 RESTRAINTS
    5.2.2.1 High cost of advanced sports optic
  5.2.3 OPPORTUNITIES
    5.2.3.1 Increasing games using sports optic
    5.2.3.2 Emerging application in sports technology
  5.2.4 CHALLENGE
    5.2.4.1 Competition from in-house entertainment systems
5.3 VALUE CHAIN ANALYSIS

6 SPORTS OPTIC MARKET, BY PRODUCTS

6.1 INTRODUCTION
6.2 TELESCOPES
  6.2.1 INCREASING ADOPTION OF TELESCOPES IN WATER SPORT AND SNOW SPORT IS DRIVING THE TELESCOPES MARKET
6.3 BINOCULARS
  6.3.1 BINOCULARS HOLD A LARGER SHARE IN THE SPORTS OPTIC MARKET
6.4 RIFLE SCOPES
  6.4.1 INCREASING NUMBER OF SPORTS SHOOTING EVENTS IS EXPECTED TO FUEL THE RIFLE SCOPES MARKET
6.5 RANGEFINDERS
  6.5.1 GOLF IS THE PROMINENT GAME USING RANGEFINDERS

7 SPORTS OPTIC MARKET, BY GAMES

7.1 INTRODUCTION
7.2 SHOOTING SPORTS
  7.2.1 SHOOTING SPORTS HOLDS A LARGER SHARE IN THE SPORTS OPTIC MARKET
7.3 GOLF
  7.3.1 RANGEFINDERS IN GOLF HAVE AN IMPORTANT IMPACT ON THE PERFORMANCE OF THE PLAYERS,
7.4 WATER SPORT
  7.4.1 TELESCOPES HOLD A MAJOR SHARE IN WATER SPORT
7.5 WHEEL SPORT
  7.5.1 INCREASING PARTICIPATION OF CYCLING ACTIVITIES AND RECREATIONAL ACTIVITIES IS DRIVING THE WHEEL SPORT MARKET
7.6 SNOW SPORT
  7.6.1 BINOCULARS HOLD A MAJOR SHARE IN THE SNOW SPORTS
7.7 HORSE RACING
  7.7.1 RANGEFINDERS ARE EXPECTED TO GROW AT A HIGHEST RATE IN HORSE RACING SPORT
7.8 OTHER GAMES
  7.8.1 INCREASING NUMBER OF SPORTS LEAGUES ARE EXPECTED TO DRIVE THE SPORTS OPTICS MARKET FOR OTHER GAMES

8 GEOGRAPHIC ANALYSIS

8.1 INTRODUCTION
8.2 EUROPE
  8.2.1 INCREASING NUMBER OF EVENTS IS BOOSTING SPORTS OPTIC MARKET IN EUROPE
8.3 NORTH AMERICA
  8.3.1 NORTH AMERICA IS A KEY REGION IN THE SPORTS OPTICS MARKET IN TERMS OF MARKET SHARE
8.4 ASIA PACIFIC
  8.4.1 APAC HOLDS VAST OPPORTUNITIES FOR THE DEVELOPMENT AND USE OF ADVANCED SPORTS OPTIC MARKET.
8.5 ROW
  8.5.1 SUSTAINABLE SPORT FACILITY INVESTMENTS IN MEA IS EXPECTED TO FUEL THE SPORTS OPTIC MARKET

9 COMPETITIVE LANDSCAPE

9.1 OVERVIEW
9.2 RANKING ANALYSIS
9.3 COMPETITIVE LEADERSHIP MAPPING
  9.3.1 VISIONARY LEADERS
  9.3.2 DYNAMIC DIFFERENTIATORS
  9.3.3 INNOVATORS
  9.3.4 EMERGING COMPANIES
9.4 COMPETITIVE SCENARIO
  9.4.1 PRODUCT LAUNCH AND DEVELOPMENT
  9.4.2 EXHIBITION, AWARD, AND EVENT
  9.4.3 PARTNERSHIP
  9.4.4 ACQUISITION

10 COMPANY PROFILES

(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Key relationships and MnM View)*
10.1 KEY PLAYERS
  10.1.1 NIKON
  10.1.2 CARL ZEISS
  10.1.3 LEUPOLD & STEVENS
  10.1.4 BUSHNELL
  10.1.5 TRIJICON
  10.1.6 CELESTRON
  10.1.7 BURRIS
  10.1.8 LEICA CAMERA
  10.1.9 SWAROVSKI OPTIK
  10.1.10 ATN CORPORATION
10.2 OTHER KEY COMPANIES
  10.2.1 HAWKE
  10.2.2 VORTEX OPTICS
  10.2.3 NIGHTFORCE OPTICS
  10.2.4 ATHLON OPTICS
  10.2.5 FLIR SYSTEMS
  10.2.6 MEOPTA
  10.2.7 U.S. OPTICS
  10.2.8 SIG SAUER
  10.2.9 EOTECH
  10.2.10 PRIMARY ARMS
*Details on (Business Overview, Products Offered, Recent Developments, SWOT Analysis, Key relationships and MnM View)* might not be captured in case of unlisted companies.

11 APPENDIX

11.1 INSIGHTS FROM INDUSTRY EXPERTS
11.2 DISCUSSION GUIDE
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
11.4 AVAILABLE CUSTOMIZATIONS
11.5 RELATED REPORTS
11.6 AUTHOR DETAILS

LIST OF TABLES

TABLE 1 SPORTS OPTIC MARKET, BY PRODUCTS, 2016–2024 (USD MILLION)
TABLE 2 SPORTS TELESCOPES MARKET, BY GAMES, 2016–2024 (USD MILLION)
TABLE 3 SPORTS TELESCOPES MARKET, BY REGION, 2016–2024 (USD MILLION)
TABLE 4 SPORTS BINOCULARS MARKET, BY GAMES, 2016–2024 (USD MILLION)
TABLE 5 SPORTS BINOCULAR MARKET, BY REGION, 2016–2024 (USD MILLION)
TABLE 6 SPORTS RIFLE SCOPES MARKET, BY GAMES, 2016–2024 (USD MILLION)
TABLE 7 SPORTS RIFLE SCOPES MARKET, BY REGION 2016–2024 (USD MILLION)
TABLE 8 SPORTS RANGEFINDER MARKET, BY GAMES, 2016–2024 (USD MILLION)
TABLE 9 SPORTS RANGEFINDER MARKET, BY REGION, 2016–2024 (USD MILLION)
TABLE 10 SPORTS OPTIC MARKET, BY GAMES, 2016–2024 (USD MILLION)
TABLE 11 SPORTS OPTIC MARKET FOR SHOOTING SPORTS, BY PRODUCTS, 2016–2024 (USD MILLION)
TABLE 12 SPORTS OPTIC MARKET FOR SHOOTING SPORTS, BY REGION, 2016–2024 (USD MILLION)
TABLE 13 SPORTS OPTIC MARKET FOR GOLF, BY PRODUCTS, 2016–2024 (USD MILLION)
TABLE 14 SPORTS OPTIC MARKET FOR GOLF, BY REGION, 2016–2024 (USD MILLION)
TABLE 15 SPORTS OPTIC MARKET FOR WATER SPORT, BY PRODUCTS, 2016–2024 (USD MILLION)
TABLE 16 SPORTS OPTIC MARKET FOR WATER SPORT, BY REGION, 2016–2024 (USD MILLION)
TABLE 17 SPORTS OPTIC MARKET FOR WHEEL SPORT, BY PRODUCTS, 2016–2024 (USD MILLION)
TABLE 18 SPORTS OPTIC MARKET FOR WHEEL SPORT, BY REGION, 2016–2024 (USD MILLION)
TABLE 19 SPORTS OPTIC MARKET FOR SNOW SPORT, BY PRODUCTS, 2016–2024 (USD MILLION)
TABLE 20 SPORTS OPTIC MARKET FOR SNOW SPORT, BY REGION, 2016–2024 (USD MILLION)
TABLE 21 SPORTS OPTIC MARKET FOR HORSE RACING, BY PRODUCTS, 2016–2024 (USD MILLION)
TABLE 22 SPORTS OPTIC MARKET FOR HORSE RACING, BY REGION, 2016–2024 (USD MILLION)
TABLE 23 SPORTS OPTIC MARKET FOR OTHER GAMES, BY PRODUCTS, 2016–2024 (USD MILLION)
TABLE 24 SPORTS OPTIC MARKET FOR OTHER GAMES, BY REGION, 2016–2024 (USD MILLION)
TABLE 25 SPORTS OPTIC MARKET, BY REGION, 2016–2024 (USD BILLION)
TABLE 26 EUROPE SPORTS OPTIC MARKET, BY GAMES, 2016–2024 (USD MILLION)
TABLE 27 NORTH AMERICAN SPORTS OPTIC MARKET, BY GAMES, 2016–2024 (USD MILLION)
TABLE 28 APAC SPORTS OPTIC MARKET, BY GAMES, 2016–2024 (USD MILLION)
TABLE 29 ROW SPORTS OPTIC MARKET, BY GAMES 2016–2024 (USD MILLION)
TABLE 30 RANKING OF TOP 5 PLAYERS IN SPORTS OPTIC MARKET (2018)
TABLE 31 PRODUCT LAUNCH, DEVELOPMENT, AND DEPLOYMENT (2016–2019)
TABLE 32 EXHIBITION, AWARD, AND EVENT (2018–2019)
TABLE 33 PARTNERSHIP (2016–2019)
TABLE 34 ACQUISITION (2018)

LIST OF FIGURES

FIGURE 1 SPORTS OPTICS MARKET: RESEARCH DESIGN
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BINOCULARS TO HOLD LARGER SIZE IN SPORTS OPTICS MARKET BY 2024
FIGURE 6 SHOOTING SPORTS TO HOLD LARGER SIZE OF SPORTS OPTIC MARKET
BASED ON GAMES BY 2024
FIGURE 7 EUROPE HELD LARGEST SHARE OF SPORTS OPTIC MARKET IN 2018
FIGURE 8 ENHANCED FAN ENGAGEMENT/EXPERIENCE DRIVES SPORTS OPTIC MARKET GROWTH
FIGURE 9 WATER SPORT TO HOLD LARGEST MARKET FOR SPORTS TELESCOPES
MARKET BY 2024
FIGURE 10 BINOCULAR TO HOLD LARGEST MARKET SIZE IN GOLF BY 2024
FIGURE 11 GOLF TO HOLD LARGEST SHARE OF NORTH AMERICAN SPORTS OPTIC
MARKET BY 2024
FIGURE 12 SUPERIOR PERFORMANCE SPECIFICATIONS AND ENHANCED FAN ENGAGEMENT/EXPERIENCE IS DRIVING THE SPORTS OPTIC MARKET
FIGURE 13 VALUE CHAIN: SPORTS OPTIC MARKET, 2018
FIGURE 14 BINOCULARS TO HOLD A LARGER SHARE OF THE SPORTS OPTIC
MARKET IN TERMS OF VALUE, BY 2024
FIGURE 15 SHOOTING SPORTS TO HOLD A LARGER SHARE IN SPORTS OPTIC
MARKET IN TERMS OF VALUE, BY 2024
FIGURE 16 RANGEFINDERS TO GROW AT HIGHEST CAGR IN SPORTS OPTIC
MARKET FOR HORSE RACING DURING FORECAST PERIOD
FIGURE 17 GEOGRAPHIC SNAPSHOT OF SPORTS OPTIC MARKET, 2018–2024
FIGURE 18 SPORTS OPTICS MARKET SNAPSHOT IN EUROPE
FIGURE 19 SPORTS OPTICS MARKET SNAPSHOT IN NORTH AMERICA
FIGURE 20 SPORTS OPTICS MARKET SNAPSHOT IN APAC
FIGURE 21 SHOOTING SPORTS TO HOLD A LARGER SHARE IN ROW FOR
SPORTS OPTIC MARKET
FIGURE 22 PRODUCT LAUNCH AND DEVELOPMENT AS KEY STRATEGY ADOPTED
BY PLAYERS IN SPORTS OPTIC MARKET (2016–2019)
FIGURE 23 SPORTS OPTIC MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2018
FIGURE 24 NIKON: COMPANY SNAPSHOT
FIGURE 25 CARL ZEISS: COMPANY SNAPSHOT
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Sports Optic Market by Products (Telescopes, Binoculars, Rangefinders, And Riflescopes), Games (Shooting Sports, Golf, Water Sports, Wheel Sports, Snow Sports, Horse Racing), and Geography (North America, Europe, Apac, Row) - Global Forecast to 2024
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