Binoculars Market Size to Grow by USD 140.93 Mn, APAC to be Largest Contributor to Market Growth - Technavio

NEW YORK, Sept. 23, 2022 /PRNewswire/ -- The report "Binoculars Market by Application, Type, and Geography - Forecast and Analysis 2022-2026" has been added to Technavio's offerings. The market size is expected to grow by USD 140.93 million from 2021 to 2026, according to Technavio. In addition, the growth momentum of the market will accelerate at a CAGR of 3.55% during the forecast period.

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• Military - size and forecast 2021-2026
• Wildlife observation and hunting - size and forecast 2021-2026
• Astronomy - size and forecast 2021-2026
• Others - size and forecast 2021-2026

• Roof prism binoculars - size and forecast 2021-2026
• Porro prism binoculars - size and forecast 2021-2026
• Galilean binoculars - size and forecast 2021-2026

• North America - size and forecast 2021-2026
• APAC - size and forecast 2021-2026
• Europe - size and forecast 2021-2026
• South America - size and forecast 2021-2026
• Middle East and Africa - size and forecast 2021-2026

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

The military segment will be the largest contributor to market growth during the forecast period. Military binoculars help in effectively monitoring the movements of enemies. They enable soldiers to locate distant objects. Thus, the rising investments in defense will drive the global binoculars market.

APAC will account for 41% of the market's growth during the forecast period. The growth of this segment is attributed to factors such as the rise in spending on the defense sector by governments. China and India are the key countries for the binoculars market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rise in popularity of outdoor recreational activities is driving market growth. Participation in outdoor recreational activities has increased globally. In addition, adventure tourism is growing due to factors such as hectic lifestyles, urbanization, and increasing health consciousness. Vendors are focusing on providing innovative binoculars for different outdoor activities. For instance, Diamondback binoculars by Vortex Optics have reliable quality and high-performance hunting optics.

The increased demand for multifunctional binoculars is a trend that is supporting the growth of the market. Vendors are focusing on advanced technologies to expand their customer base. These technologies focus on convenience, functionality, and quality. Therefore, the demand for multifunctional products is expected to rise.

• American Technologies Network Corp.
• Barska Optics
• BERETTA HOLDING SA
• Canon Inc.
• Carl Zeiss AG
• Celestron Acquisition LLC
• FUJIFILM Holdings Corp.
• Guangzhou Bosma Corp.
• Jaxy optical instrument Co. Ltd.
• Leupold and Stevens Inc.
• Meade Acquisition Corp.
• Nikon Corp.
• Olympus Europa SE and Co. KG
• Opticron
• Ricoh Imaging Co. Ltd.
• Shengzhen China Visionking Optical Technology Co. Ltd.
• Sony Group Corp.
• Vista Outdoor Inc.
• Vortex Optics
• Yukon Advanced Optics Worldwide

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments 
• Exhibit 25: Chart on Application - Market share 2021-2026 (%)
• Exhibit 26: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 27: Chart on Comparison by Application
• Exhibit 28: Data Table on Comparison by Application

• 5.3 Military - Market size and forecast 2021-2026
• Exhibit 29: Chart on Military - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Data Table on Military - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Chart on Military - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Military - Year-over-year growth 2021-2026 (%)

• 5.4 Wildlife observation and hunting - Market size and forecast 2021-2026 
• Exhibit 33: Chart on Wildlife observation and hunting - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Data Table on Wildlife observation and hunting - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Chart on Wildlife observation and hunting - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Wildlife observation and hunting - Year-over-year growth 2021-2026 (%)

• 5.5 Astronomy - Market size and forecast 2021-2026
• Exhibit 37: Chart on Astronomy - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Data Table on Astronomy - Market size and forecast 2021-2026 ($ million)
• Exhibit 39: Chart on Astronomy - Year-over-year growth 2021-2026 (%)
• Exhibit 40: Data Table on Astronomy - Year-over-year growth 2021-2026 (%)

• 5.6 Others - Market size and forecast 2021-2026
• Exhibit 41: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 44: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.7 Market opportunity by Application 
• Exhibit 45: Market opportunity by Application ($ million)

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 46: Chart on Type - Market share 2021-2026 (%)
• Exhibit 47: Data Table on Type - Market share 2021-2026 (%)

• 6.2 Comparison by Type 
• Exhibit 48: Chart on Comparison by Type
• Exhibit 49: Data Table on Comparison by Type

• 6.3 Roof prism binoculars - Market size and forecast 2021-2026 
• Exhibit 50: Chart on Roof prism binoculars - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Roof prism binoculars - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Roof prism binoculars - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Roof prism binoculars - Year-over-year growth 2021-2026 (%)

• 6.4 Porro prism binoculars - Market size and forecast 2021-2026 
• Exhibit 54: Chart on Porro prism binoculars - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Porro prism binoculars - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Porro prism binoculars - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Porro prism binoculars - Year-over-year growth 2021-2026 (%)

• 6.5 Galilean binoculars - Market size and forecast 2021-2026
• Exhibit 58: Chart on Galilean binoculars - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Galilean binoculars - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Galilean binoculars - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Galilean binoculars - Year-over-year growth 2021-2026 (%)

• 6.6 Market opportunity by Type 
• Exhibit 62: Market opportunity by Type ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 64: Chart on Market share by geography 2021-2026 (%)
• Exhibit 65: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 66: Chart on Geographic comparison
• Exhibit 67: Data Table on Geographic comparison

• 8.3 North America - Market size and forecast 2021-2026
• Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.4 APAC - Market size and forecast 2021-2026
• Exhibit 72: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 73: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 74: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.5 Europe - Market size and forecast 2021-2026
• Exhibit 76: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 77: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 78: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.6 South America - Market size and forecast 2021-2026
• Exhibit 80: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 81: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 82: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 84: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 85: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 86: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.8 US - Market size and forecast 2021-2026
• Exhibit 88: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 89: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 90: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.9 China - Market size and forecast 2021-2026
• Exhibit 92: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 93: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 94: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.10 Germany - Market size and forecast 2021-2026
• Exhibit 96: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 97: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 98: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 8.11 Italy - Market size and forecast 2021-2026
• Exhibit 100: Chart on Italy - Market size and forecast 2021-2026 ($ million)
• Exhibit 101: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
• Exhibit 102: Chart on Italy - Year-over-year growth 2021-2026 (%)
• Exhibit 103: Data Table on Italy - Year-over-year growth 2021-2026 (%)

• 8.12 India - Market size and forecast 2021-2026
• Exhibit 104: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 105: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 106: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 107: Data Table on India - Year-over-year growth 2021-2026 (%)

• 8.13 Canada - Market size and forecast 2021-2026
• Exhibit 108: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 109: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 110: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 111: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 8.14 Market opportunity by geography 
• Exhibit 112: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 116: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 117: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 11.3 American Technologies Network Corp. 
• Exhibit 119: American Technologies Network Corp. - Overview
• Exhibit 120: American Technologies Network Corp. - Product / Service
• Exhibit 121: American Technologies Network Corp. - Key offerings

• 11.4 Barska Optics 
• Exhibit 122: Barska Optics - Overview
• Exhibit 123: Barska Optics - Product / Service
• Exhibit 124: Barska Optics - Key offerings

• 11.5 Canon Inc. 
• Exhibit 125: Canon Inc. - Overview
• Exhibit 126: Canon Inc. - Business segments
• Exhibit 127: Canon Inc. - Key offerings
• Exhibit 128: Canon Inc. - Segment focus

• 11.6 Celestron Acquisition LLC 
• Exhibit 129: Celestron Acquisition LLC - Overview
• Exhibit 130: Celestron Acquisition LLC - Product / Service
• Exhibit 131: Celestron Acquisition LLC - Key offerings

• 11.7 FUJIFILM Holdings Corp. 
• Exhibit 132: FUJIFILM Holdings Corp. - Overview
• Exhibit 133: FUJIFILM Holdings Corp. - Business segments
• Exhibit 134: FUJIFILM Holdings Corp. - Key news
• Exhibit 135: FUJIFILM Holdings Corp. - Key offerings
• Exhibit 136: FUJIFILM Holdings Corp. - Segment focus

• 11.8 Guangzhou Bosma Corp. 
• Exhibit 137: Guangzhou Bosma Corp. - Overview
• Exhibit 138: Guangzhou Bosma Corp. - Product / Service
• Exhibit 139: Guangzhou Bosma Corp. - Key offerings

• 11.9 Jaxy optical instrument Co. Ltd. 
• Exhibit 140: Jaxy optical instrument Co. Ltd. - Overview
• Exhibit 141: Jaxy optical instrument Co. Ltd. - Product / Service
• Exhibit 142: Jaxy optical instrument Co. Ltd. - Key offerings

• 11.10 Leupold and Stevens Inc. 
• Exhibit 143: Leupold and Stevens Inc. - Overview
• Exhibit 144: Leupold and Stevens Inc. - Product / Service
• Exhibit 145: Leupold and Stevens Inc. - Key offerings

• 11.11 Nikon Corp. 
• Exhibit 146: Nikon Corp. - Overview
• Exhibit 147: Nikon Corp. - Business segments
• Exhibit 148: Nikon Corp. - Key news
• Exhibit 149: Nikon Corp. - Key offerings
• Exhibit 150: Nikon Corp. - Segment focus

• 11.12 Sony Group Corp. 
• Exhibit 151: Sony Group Corp. - Overview
• Exhibit 152: Sony Group Corp. - Business segments
• Exhibit 153: Sony Group Corp. - Key news
• Exhibit 154: Sony Group Corp. - Key offerings
• Exhibit 155: Sony Group Corp. - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 156: Inclusions checklist
• Exhibit 157: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 158: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 159: Research methodology
• Exhibit 160: Validation techniques employed for market sizing
• Exhibit 161: Information sources

• 12.5 List of abbreviations 
• Exhibit 162: List of abbreviations

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SOURCE Technavio