Sports Optic Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Global Sports Optic Market was valued at USD 1.96 Million in 2022 and is expected to reach USD 2.29 Million by 2027, registering a CAGR of approximately 2.7% during the period (2022-2027). The COVID-19 pandemic is likely to hinder the revenue growth of the market studied, mainly attributed to the slowdown of the sports industry, which is a major driver of the market.
Key HighlightsThe sports optic market is competitive. Increasing governments initiative to provide top-notch infrastructure and training to the players of different sports disciplines at various levels is expected to boost the studied market further. Some key vendors are Nikon Corporation, Carl Zeiss AG (ZEISS), Bushnell Corporation, and Trijicon. Product launches, high research and development expenses, partnerships, etc., are the prime growth strategies these companies adopt to sustain the intense competition.
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