Binoculars Global Market Report 2024

Description

Binoculars are optical devices designed for viewing distant objects with both eyes, consisting of two aligned telescopes positioned side by side. This setup enables a three-dimensional view and depth perception. Using lenses and prisms, binoculars magnify images and correct their orientation, providing clear, upright views of distant scenes. They are commonly used in activities such as bird watching, hunting, stargazing, and outdoor sports.

The main types of binoculars are roof-prism and porro-prism binoculars. Roof prism binoculars utilize a roof prism system to reflect and refract light, resulting in a more compact and lightweight design. Product types are classified into image stabilization binoculars, night vision binoculars, digital or compact binoculars, large binoculars, and others. These are used in various applications, including astronomy, wildlife observation, military and defense, hunting, hiking, and nature observation. Distribution channels for these products include both online and offline options.

The binoculars market research report is one of a series of new reports from the business research company that provides binoculars market statistics, including binoculars industry global market size, regional shares, competitors with an binoculars market share, detailed binoculars market segments, market trends and opportunities, and any further data you may need to thrive in the binoculars industry. This binoculars market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The binoculars market size has grown strongly in recent years. It will grow from $0.99 billion in 2023 to $1.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth during the historic period can be attributed to increased innovation and research in astronomy, expanded use in defense and security applications, the development of technologically advanced products, rising demand for security and defense purposes, and a growing interest in recreational activities.

The binoculars market size is expected to see strong growth in the next few years. It will grow to $1.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to higher disposable incomes, increasing security concerns worldwide, the growing popularity of marine tourism, including cruise vacations, and a rising interest in adventurous outdoor activities. Major trends expected during this period include innovations and improvements, new product launches, the introduction of multi-feature products, the development of products with innovative features, and recent advancements.

The increasing interest in adventurous outdoor activities among individuals is anticipated to drive the growth of the binoculars market in the future. Outdoor activities, which include a variety of recreational or leisure pursuits such as hiking, camping, and kayaking, take place in natural environments. This rising interest in adventurous outdoor activities is fueled by factors such as health benefits, emotional and psychological well-being, social interaction, community engagement, and the desire to escape technology and seek new experiences. Binoculars enhance these activities by offering a closer view of distant landscapes, wildlife, or navigational markers, thereby enriching the overall experience. They enable users to observe details more closely and fully engage with their surroundings. For example, according to the Outdoor Industry Association, a U.S.-based trade organization representing the outdoor recreation industry, the number of outdoor recreation participants increased by 2.3% in June 2023, reaching a record 168.1 million people, or 55% of the U.S. population aged six and older. As a result, the growing interest in adventurous outdoor activities is expected to fuel the growth of the binoculars market.

Leading companies in the binoculars market are offering smart binoculars equipped with features such as augmented reality and precision orientation technology to enhance outdoor experiences and gain a competitive edge. These technologies provide users with real-time data overlays and accurate positioning, improving observation and navigation experiences. For instance, in May 2024, Unistellar Corp., a France-based manufacturer, launched the Unistellar Envision Smart Binoculars. These new smart binoculars feature augmented reality precision orientation technology and high-quality optics. They offer enhanced viewing with high-contrast imagery and adjustable visuals. The binoculars also include a user-friendly interface for easy identification of stars and planets, connectivity options for sharing observations, and educational tools to support learning about astronomy.

In October 2023, Carlyle Group Inc., a U.S.-based investment company, acquired Meopta-optika, s.r.o. for an undisclosed amount. This acquisition represents Carlyle's strategic effort to expand its portfolio by incorporating Meopta's expertise in producing high-quality binoculars. Meopta-optika, s.r.o. is a company based in Czechia that manufactures binoculars.

Major companies operating in the binoculars market are Canon Inc., Fujifilm Group, Carl Zeiss AG, Nikon Corporation, Vista Outdoor LLC, Tasco Inc, Leica Camera AG, Swarovski Optik, Vortex Optics, Bushnell Inc, Meopta Co, Kowa Company Ltd, Celestron LLC, Carson Optical Inc, Meade Instruments Corporation, Pentax Ricoh Imaging Corporation, Barska Optics, Levenhuk Inc, Minox GmbH, Steiner-Optik GmbH, Opticron LLC, Brunton Inc, Alpen Optics LLC, Hawke Sport Optics LLC, Redfield Corporation

North America was the largest region in the binoculars market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the binoculars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the binoculars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The binoculars market consists of sales of galilean binoculars, specialized binoculars, monocular and compact binoculars, high-powered binoculars. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Binoculars Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on binoculars market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for binoculars ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The binoculars market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Roof Prism Binoculars; Porro Prism Binoculars
2) By Product: Image Stabilization Binoculars; Night Vision Binoculars; Digital Or Compact Binoculars; Large Binoculars; Other Products
3) By Application: Astronomy; Wildlife Observation; Military And Defense; Hunting, Hiking, Nature Observation; Other Applications
4) By Distribution Channel: Online; Offline
Companies Mentioned: Canon Inc.; Fujifilm Group; Carl Zeiss AG; Nikon Corporation; Vista Outdoor LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r20487

1. Executive Summary

2. Binoculars Market Characteristics

3. Binoculars Market Trends And Strategies

4. Binoculars Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Binoculars Market Size and Growth

5.1. Global Binoculars Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Binoculars Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Binoculars Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Binoculars Market Segmentation

6.1. Global Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Roof Prism Binoculars
Porro Prism Binoculars
6.2. Global Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Image Stabilization Binoculars
Night Vision Binoculars
Digital Or Compact Binoculars
Large Binoculars
Other Products
6.3. Global Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Astronomy
Wildlife Observation
Military And Defense
Hunting, Hiking, Nature Observation
Other Applications
6.4. Global Binoculars Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Online
Offline

7. Binoculars Market Regional And Country Analysis

7.1. Global Binoculars Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Binoculars Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Binoculars Market

8.1. Asia-Pacific Binoculars Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Binoculars Market

9.1. China Binoculars Market Overview
9.2. China Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Binoculars Market

10.1. India Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Binoculars Market

11.1. Japan Binoculars Market Overview
11.2. Japan Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Binoculars Market

12.1. Australia Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Binoculars Market

13.1. Indonesia Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Binoculars Market

14.1. South Korea Binoculars Market Overview
14.2. South Korea Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Binoculars Market

15.1. Western Europe Binoculars Market Overview
15.2. Western Europe Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Binoculars Market

16.1. UK Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Binoculars Market

17.1. Germany Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Binoculars Market

18.1. France Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Binoculars Market

19.1. Italy Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Binoculars Market

20.1. Spain Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Binoculars Market

21.1. Eastern Europe Binoculars Market Overview
21.2. Eastern Europe Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Binoculars Market

22.1. Russia Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Binoculars Market

23.1. North America Binoculars Market Overview
23.2. North America Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Binoculars Market

24.1. USA Binoculars Market Overview
24.2. USA Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Binoculars Market

25.1. Canada Binoculars Market Overview
25.2. Canada Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Binoculars Market

26.1. South America Binoculars Market Overview
26.2. South America Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Binoculars Market

27.1. Brazil Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Binoculars Market

28.1. Middle East Binoculars Market Overview
28.2. Middle East Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Binoculars Market

29.1. Africa Binoculars Market Overview
29.2. Africa Binoculars Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Binoculars Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Binoculars Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Binoculars Market Competitive Landscape And Company Profiles

30.1. Binoculars Market Competitive Landscape
30.2. Binoculars Market Company Profiles
- 30.2.1. Canon Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Fujifilm Group
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Carl Zeiss AG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Nikon Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Vista Outdoor LLC
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Binoculars Market Other Major And Innovative Companies

31.1. Tasco Inc
31.2. Leica Camera AG
31.3. Swarovski Optik
31.4. Vortex Optics
31.5. Bushnell Inc
31.6. Meopta Co
31.7. Kowa Company Ltd
31.8. Celestron LLC
31.9. Carson Optical Inc
31.10. Meade Instruments Corporation
31.11. Pentax Ricoh Imaging Corporation
31.12. Barska Optics
31.13. Levenhuk Inc
31.14. Minox GmbH
31.15. Steiner-Optik GmbH

32. Global Binoculars Market Competitive Benchmarking

33. Global Binoculars Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Binoculars Market

35. Binoculars Market Future Outlook and Potential Analysis

35.1 Binoculars Market In 2028 - Countries Offering Most New Opportunities
35.2 Binoculars Market In 2028 - Segments Offering Most New Opportunities
35.3 Binoculars Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer