PUBLISHER: The Business Research Company | PRODUCT CODE: 1670958
PUBLISHER: The Business Research Company | PRODUCT CODE: 1670958
Sports optics are tools made of photo-translucent or photo-reactive materials designed to interact with light, and they find application in various sports such as archery and home defense to provide precise sights.
The primary types of sports optics include telescopes, binoculars, riflescopes, and rangefinders. Telescopes, tube-shaped optical devices, enable the observation of distant objects by refractively focusing light through a lens or reflecting light with a concave mirror. They are commonly used in activities such as bird watching, wildlife viewing, and sports events to enhance visibility and provide a better view of targets. Sports optics are available through distribution channels both online and offline, and they are utilized in diverse applications, including golf, wheel sports, snow sports, water sports, shooting sports, horse racing, and others.
The sports optics research report is one of a series of new reports from The Business Research Company that provides sports optics market statistics, including the sports optics industry's global market size, regional shares, competitors with a sports optics market share, detailed sports optics market segments, market trends and opportunities, and any further data you may need to thrive in the sports optics industry. This sports optics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The sports optic market size has grown steadily in recent years. It will grow from $2.16 billion in 2024 to $2.25 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to outdoor recreational activities, advancements in manufacturing processes, rising disposable income, growth in wildlife observation, and military and law enforcement demand
The sports optic market size is expected to see steady growth in the next few years. It will grow to $2.69 billion in 2029 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to technological integration, focus on lightweight and compact designs, rise in adventure tourism, increased interest in long-range shooting, expanding wildlife observation tourism. Major trends in the forecast period include enhanced optical coatings, ai-assisted optics, enhanced durability and weather resistance, increased use of carbon fiber and advanced materials, night vision and thermal imaging advancements.
The rising interest in camping activities is expected to boost the growth of the sports optics market. Camping is a recreational outdoor activity that takes place away from urban areas, allowing individuals to enjoy nature, fresh air, and occasionally wildlife. Sports optics, such as binoculars, are commonly used for activities like birdwatching and wildlife observation, enabling enthusiasts to get a closer look from a distance. For instance, in July 2024, a report from Kampgrounds of America Inc., a U.S.-based company focused on campground and outdoor hospitality services, noted that the number of camping households reached 16.5 million, reflecting a 23% increase, while active camping households surged by 68% to 21.6 million. Therefore, the growing participation in camping activities is driving the expansion of the sports optics market.
The expanding tourism industry is anticipated to contribute to the growth of the sports optic market. The tourism sector, involving travel for leisure, business, or recreational purposes, plays a significant role in driving demand for sports optics. Binoculars and scopes are essential tools for tourists engaged in outdoor activities, wildlife exploration, and sightseeing. According to a report by the United Nations World Tourism Organization in May 2023, international tourist arrivals rebounded in the first quarter of 2023, reaching 80% of pre-pandemic levels, totaling approximately 235 million travelers. The data indicated a more than twofold increase compared to the same period in 2022. With the tourism sector showcasing remarkable resilience, surpassing two-thirds of pre-pandemic levels in 2022, the expanding tourism industry is a catalyst for the sports optic market's growth.
Product innovation stands out as a prominent trend in the sports optics market, with major companies focusing on developing innovative products to maintain their market positions. In March 2022, Ricoh Imaging Americas Corporation introduced the Pentax Jupiter series of porro-prism binoculars, featuring large-aperture objective lenses for a bright and crisp field of vision in various conditions. The user-friendly focus ring and external rubber covering enhance grip and reduce slippage.
Leading companies in the sports optics market are innovating further by introducing products such as cycling shades to cater to broader customer bases, boost sales, and increase revenue. Cycling shades, specialized sunglasses designed for cyclists, have gained attention for their lightweight design and extensive coverage. For instance, Tifosi Optics launched the Rail Sunglasses in March 2022, known for their lightness, hydrophilic rubber nose for a secure fit, and adjustable nose and earpieces for comfort. The sunglasses come with polycarbonate lenses, providing scratch resistance and shatterproof qualities. Tifosi's Rail Interchange models include three lenses for different lighting conditions, smoke, AC high contrast in red or yellow, and clear.
In June 2023, Stronger Leadership LLC, a U.S.-based business, acquired Skeleton Optics Inc. for an undisclosed sum. This acquisition allows Stronger Leadership LLC to leverage its management expertise and enthusiasm for outdoor sports to enhance brand visibility by reaching a wider audience. Skeleton Optics Inc. is a U.S.-based company that specializes in sports optics.
Major companies operating in the sports optic market include The Vangaurd 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, Schmidt u. Bender GmbH & Co. KG, GPO GmbH, U.S. Optics, FLIR Systems Inc.
North America was the largest region in the sports optic market in 2024. Asia-Pacific is expected to be the fastest-growing region in the sports optic market report during the forecast period. The regions covered in the sports optic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the sports optic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The sports optics market consists of sales of night vision, spotting scopes, and red dot sights. 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.
Sports Optic Global Market Report 2025 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 sports optic 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.
Where is the largest and fastest growing market for sports optic ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sports optic 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.