The research and analysis conducted in Sports Optics Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Sports Optics industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Sports Optics Market report is provided that covers many work areas.
Market expectations for likely development openings have been mentioned clearly in this world class Sports Optics Market research report. Competition analysis has been taken into account while preparing this report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about an absolute knowhow of general market conditions and tendencies with the information and data covered in this Sports Optics Market report.
Global sports optics market is projected to register a substantial CAGR of 6.7% in the forecast period of 2019 to 2026.
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The sports optics products are used in various types of sports activities. There are several types of sports optics such as binoculars, telescope, monoculars, fieldscopes, rangefinders and other products. There has been a vast change in the evolution and technological advancement of such sports optics products. Binoculars are the two telescopes which are attached side by side and aligned for focusing in the same direction. It is an optical instrument comprising of lens for each eye and is used to view distant object. They are also referred as field glasses that offer a magnified view of the distant objects. It took around 5,000 years for shaping the glass into a lens for first telescope. Galileo Galilei was presented to the astronomy using telescopes. It was after 300 years of the launch of telescopes the binoculars were finally evolved. Now days the binoculars are widely used in the sports activities. The numbers of people actively participating in the camping and hiking activities are increasing owing to which the demands for such type of sport optics products are increasing.
Segmentation: Global Sports Optics Market
Global sports optics market is segmented into four notable segments which are on the basis of products, games, price range and distribution channel.
- On the basis of products, the market is segmented into binoculars/ monoculars, rangefinders, telescopes, fieldscopes, riflescopes and others
- On the basis of games, the market is segmented into shooting sports, golf, water sports, wheel sports, snow sports, horse racing
- On the basis of price range, the market is segmented into economic, mid-range and high range
- On the basis of distribution channel, the market is segmented into online and offline
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Competitive Analysis: Global Sports Optics Market
Some of the major players operating in global sports optics market are Nikon Corporation, ZEISS International, U.S. OPTICS, LEUPOLD & STEVENS, INC., Trijicon, Inc., VISTA OUTDOOR OPERATIONS LLC., BERETA HOLDING S.A., Celestron, LLC., Leica Camera AG, SWAROVSKI GROUP, ATN, Schmidt & Bender GmbH & Co. KG, Vortex Optics, Nightforce Optics, Inc., Athlon, Meopta – optika, s.r.o., FLIR Systems, Inc. and L-3, EOTech Inc. among others.
- In May 2019, Nikon Corporation introduced PROSTAFF 1000 Laser Rangefinder. The product is compact and has a lightweight body and also offers pocket-size design. It also provides higher quality 6x monocular along with multilayer coating for clear and bright images. This would help in the expansion of the sports optics offerings by the company.
- In April 2019, VISTA OUTDOOR OPERATIONS LLC. brand Bushnell introduced new models of laser rangefinders such as new Prime 1700 and 1300, Engage 1700 and 1300 and Nitro 1800 rangefinders. These new rangefinders feature an enhanced and ergonomic design and helps in delivering better light transmission in the low light conditions. This would help the company to enhance their product portfolio.
- In September 2016, Celestron, LLC. unveiled innovative new telescopes, sport optics, EQ mounts and many other products for Photokina 2016. This would help the company to expand their product offerings.
The Sports Optics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Sports Optics market.
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Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Sports Optics market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Sports Optics market. These factors have benefited the growth of the global market for Sports Optics. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)
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Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
- Market outline
PART 05: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 06: MARKET SIZING
- Market definition
- Market sizing 2021
- Market size and forecast
PART 07: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 08: MARKET SEGMENTATION BY PRODUCT
- Global Sports Optics market by product
- Comparison by product
- Market opportunity by product
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Global Sports Optics market by distribution channel
- Comparison by distribution channel
- Global Sports Optics market by offline distribution channel
- Global Sports Optics market by online distribution channel
- Market opportunity by distribution channel
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
- Global Sports Optics market by end-user
- Comparison by end-user
PART 12: REGIONAL LANDSCAPE
- Global licensed Sports Optics market by geography
- Regional comparison
- Licensed Sports Optics market in Americas
- Licensed Sports Optics market in EMEA
- Licensed Sports Optics market in APAC
- Market opportunity
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 15: MARKET TRENDS
PART 16: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 17: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
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