Global Binoculars Market 2024-2028
The binoculars market is forecasted to grow by USD 172.55 mn during 2023-2028, accelerating at a CAGR of 4.01% during the forecast period. The report on the binoculars market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a rise in the popularity of outdoor recreational activities, growing online sales for binoculars, and increasing use of binoculars for sporting events.
Technavio's binoculars market is segmented as below:
By Application
- Military
- Wildlife observation and hunting
- Astronomy
- Others
By Type
- Roof prism binoculars
- Porro prism binoculars
- Galilean binoculars
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the increased demand for multifunctional binoculars as one of the prime reasons driving the binoculars market growth during the next few years. Also, the growing tourism industry and the growing popularity of bird watching as citizen science will lead to sizable demand in the market.
The report on the binoculars market covers the following areas:
- Binoculars market sizing
- Binoculars market forecast
- Binoculars market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading binoculars market vendors that include American Technologies Network Corp., Barska Optics, BERETTA HOLDING SA, Canon Inc., Carl Zeiss AG, Celestron Acquisition LLC, Eschenbach Optik GmbH, FUJIFILM Corp., Guangzhou Bosma Corp., Jaxy Optical Instrument Co. ltd., Leupold and Stevens Inc., Nikon Corp., Olympus Europa SE and Co. KG, Sony Group Corp., Vista Outdoor Inc., Vortex Optics, Meade Instruments, Opticron, Ricoh Imaging Co. Ltd., Shengzhen China Visionking Optical Technology Co. Ltd., Yukon Advanced Optics Worldwide, and Fabbrica dArmi Pietro Beretta S.p.A.. Also, the binoculars market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.