Dublin, April 05, 2019 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offerin g.
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.
Sport optics is a range of optical products (such as binocular, telescopes, rangefinder, and riflescopes) used in sport shooting and outdoor hunting. Advanced sports optics can withstand a variety of varying weather conditions, including winds, rains, and thunder storms. Sports optics has application in both indoor and outdoor set-ups.
Sports optics is gaining high traction owing to enhancement in fan engagement/experience. Further, factors such as superior performance specifications such as clarity, sharpness, portability, and magnification are also driving the sports optic market. Moreover, increasing games using sports optic and emerging applications 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 optics market. The market is driven by an enhancement in fan engagement/experience; and superior performance specifications such as clarity, sharpness, portability, and magnification.
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) are among a few prominent players in the sports optic market.
Key Topics Covered:
1 Introduction 2 Research Methodology 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 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
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