This Monocular Telescope market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The monocular telescope market size has grown exponentially in recent years. It will grow from $12.02 billion in 2023 to $14.76 billion in 2024 at a compound annual growth rate (CAGR) of 22.8%. The historical growth can be attributed to several factors, including the rising demand for night vision and thermal imaging cameras, increased adoption of monocular telescopes in military and law enforcement, a growing need for surveillance, higher disposable incomes, and an increasing focus on security.
The monocular telescope market size is expected to see exponential growth in the next few years. It will grow to $33.89 billion in 2028 at a compound annual growth rate (CAGR) of 23.1%. The anticipated growth during the forecast period can be attributed to several factors, including the increasing demand for outdoor activities, the growing popularity of birdwatching, rising demand for high-quality optics, the need for lightweight equipment, the growing interest in virtual reality, and the expansion of the tourism and travel industry. Key trends expected during this period include technological advancements, the introduction of new materials and technologies, the development of lightweight and compact devices, integration of automated tracking, advances in optical lens design and fabrication, and progress in digital integration.
The increasing popularity of outdoor recreation activities is expected to drive the growth of the monocular telescope market. Outdoor recreation activities, such as hiking, camping, fishing, and kayaking, are leisure pursuits enjoyed in natural or open-air settings. These activities promote physical fitness, relaxation, and a deeper connection with nature. The rise in outdoor recreation is fueled by growing awareness of the health and wellness benefits, advancements in outdoor gear and technology, and a heightened interest in nature and adventure experiences. Monocular telescopes are commonly used in these activities to enhance the visibility of distant objects and scenery, making them ideal for birdwatching, hiking, wildlife observation, and outdoor sports events by providing a magnified and clearer view of distant landscapes and activities. For example, in November 2023, a report from the U.S. Bureau of Economic Analysis, a U.S.-based government agency, revealed that in 2022, outdoor recreation contributed 19.8% to the total value added, up from 19% in 2021. Supporting activities accounted for 46% of the value added in 2022, compared to 43.6% the previous year. As a result, the growth in outdoor recreation activities is driving the monocular telescope market.
Leading companies in the monocular telescope market are consistently innovating to improve user experience by incorporating advanced technologies such as fiber optic illumination. Fiber optic illumination in optical devices uses fiber optics to direct light to the reticle, offering a clear, sharp, and highly visible dot for enhanced precision, even in diverse lighting conditions. For example, in March 2024, Yukon Group, a Lithuania-based developer of thermal imaging devices and digital optics, launched upgradable thermal monoculars for civilian use. This innovative device allows users to progressively enhance its features over time, marking a significant advancement in optical technology. Furthermore, the monoculars can be upgraded with improved hardware, greatly extending the device's lifespan. This approach aligns with sustainability goals and the EU's Corporate Sustainability Reporting Directive, promoting a circular economy.
In March 2024, Kopin Corporation, a U.S.-based provider of application-specific optical solutions and high-performance micro-displays, collaborated with BlueHalo LLC to design, develop, and manufacture advanced simulated binoculars and monoscope products for BlueHalo’s Advanced Stinger Trainer (AST) system. These new products are anticipated to deliver significantly improved performance over existing systems and will complement Kopin's established portfolio of training and simulation products. BlueHalo LLC is a U.S.-based company specializing in the development of technologies and solutions for space and ground systems.
Major companies operating in the monocular telescope market are Carl Zeiss AG, Nikon Corporation, Swarovski Optik, Eschenbach Optik of America Inc., Bushnell Corporation, Shenzhen Daking Optoelectronics Co. Ltd., Meopta - optika s.r.o., Celestron LLC, Vortex Optics, Bresser GmbH, Meade Instruments, Minox GmbH, Maven Outdoor Equipment Company, Gosky Optics, Roxant Inc., Nanyang Imaisen Technology Co. Ltd., Opticron, Hawke Sport Optics, Oberwerk, Pentax Corporation, Barska.
North America was the largest region in the monocular telescope market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the monocular telescope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the monocular telescope market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A monocular telescope is a portable optical device designed to provide a magnified view of distant objects through a single-lens system. It's commonly used for activities like birdwatching, hiking, and attending sporting events, allowing users to clearly see details from a distance. Its compact and user-friendly design makes it ideal for on-the-go observation and recreational purposes.
Monocular telescopes come in various types, including compact monoculars, zoom monoculars, night vision monoculars, and thermal imaging monoculars. Compact monoculars are small, easy-to-carry devices that offer magnified views of distant objects. The magnification options range from 5x-10x, 11x-20x, 21x-30x, to 31x and above, catering to different levels of users such as amateurs, professionals, and military or law enforcement personnel. These telescopes are used in various applications, including birdwatching, wildlife observation, hunting, surveillance, and sports.
The monocular telescopes market research report is one of a series of new reports that provides monocular telescopes market statistics, including monocular telescopes industry global market size, regional shares, competitors with a monocular telescopes market share, detailed monocular telescopes market segments, market trends, and opportunities, and any further data you may need to thrive in the monocular telescopes industry. This monocular telescope research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The monocular telescope market consists of sales of waterproof monoculars, binocular monoculars, digital monoculars, high-powered monoculars, educational monoculars, and smart monoculars. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The monocular telescope market size has grown exponentially in recent years. It will grow from $12.02 billion in 2023 to $14.76 billion in 2024 at a compound annual growth rate (CAGR) of 22.8%. The historical growth can be attributed to several factors, including the rising demand for night vision and thermal imaging cameras, increased adoption of monocular telescopes in military and law enforcement, a growing need for surveillance, higher disposable incomes, and an increasing focus on security.
The monocular telescope market size is expected to see exponential growth in the next few years. It will grow to $33.89 billion in 2028 at a compound annual growth rate (CAGR) of 23.1%. The anticipated growth during the forecast period can be attributed to several factors, including the increasing demand for outdoor activities, the growing popularity of birdwatching, rising demand for high-quality optics, the need for lightweight equipment, the growing interest in virtual reality, and the expansion of the tourism and travel industry. Key trends expected during this period include technological advancements, the introduction of new materials and technologies, the development of lightweight and compact devices, integration of automated tracking, advances in optical lens design and fabrication, and progress in digital integration.
The increasing popularity of outdoor recreation activities is expected to drive the growth of the monocular telescope market. Outdoor recreation activities, such as hiking, camping, fishing, and kayaking, are leisure pursuits enjoyed in natural or open-air settings. These activities promote physical fitness, relaxation, and a deeper connection with nature. The rise in outdoor recreation is fueled by growing awareness of the health and wellness benefits, advancements in outdoor gear and technology, and a heightened interest in nature and adventure experiences. Monocular telescopes are commonly used in these activities to enhance the visibility of distant objects and scenery, making them ideal for birdwatching, hiking, wildlife observation, and outdoor sports events by providing a magnified and clearer view of distant landscapes and activities. For example, in November 2023, a report from the U.S. Bureau of Economic Analysis, a U.S.-based government agency, revealed that in 2022, outdoor recreation contributed 19.8% to the total value added, up from 19% in 2021. Supporting activities accounted for 46% of the value added in 2022, compared to 43.6% the previous year. As a result, the growth in outdoor recreation activities is driving the monocular telescope market.
Leading companies in the monocular telescope market are consistently innovating to improve user experience by incorporating advanced technologies such as fiber optic illumination. Fiber optic illumination in optical devices uses fiber optics to direct light to the reticle, offering a clear, sharp, and highly visible dot for enhanced precision, even in diverse lighting conditions. For example, in March 2024, Yukon Group, a Lithuania-based developer of thermal imaging devices and digital optics, launched upgradable thermal monoculars for civilian use. This innovative device allows users to progressively enhance its features over time, marking a significant advancement in optical technology. Furthermore, the monoculars can be upgraded with improved hardware, greatly extending the device's lifespan. This approach aligns with sustainability goals and the EU's Corporate Sustainability Reporting Directive, promoting a circular economy.
In March 2024, Kopin Corporation, a U.S.-based provider of application-specific optical solutions and high-performance micro-displays, collaborated with BlueHalo LLC to design, develop, and manufacture advanced simulated binoculars and monoscope products for BlueHalo’s Advanced Stinger Trainer (AST) system. These new products are anticipated to deliver significantly improved performance over existing systems and will complement Kopin's established portfolio of training and simulation products. BlueHalo LLC is a U.S.-based company specializing in the development of technologies and solutions for space and ground systems.
Major companies operating in the monocular telescope market are Carl Zeiss AG, Nikon Corporation, Swarovski Optik, Eschenbach Optik of America Inc., Bushnell Corporation, Shenzhen Daking Optoelectronics Co. Ltd., Meopta - optika s.r.o., Celestron LLC, Vortex Optics, Bresser GmbH, Meade Instruments, Minox GmbH, Maven Outdoor Equipment Company, Gosky Optics, Roxant Inc., Nanyang Imaisen Technology Co. Ltd., Opticron, Hawke Sport Optics, Oberwerk, Pentax Corporation, Barska.
North America was the largest region in the monocular telescope market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the monocular telescope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the monocular telescope market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A monocular telescope is a portable optical device designed to provide a magnified view of distant objects through a single-lens system. It's commonly used for activities like birdwatching, hiking, and attending sporting events, allowing users to clearly see details from a distance. Its compact and user-friendly design makes it ideal for on-the-go observation and recreational purposes.
Monocular telescopes come in various types, including compact monoculars, zoom monoculars, night vision monoculars, and thermal imaging monoculars. Compact monoculars are small, easy-to-carry devices that offer magnified views of distant objects. The magnification options range from 5x-10x, 11x-20x, 21x-30x, to 31x and above, catering to different levels of users such as amateurs, professionals, and military or law enforcement personnel. These telescopes are used in various applications, including birdwatching, wildlife observation, hunting, surveillance, and sports.
The monocular telescopes market research report is one of a series of new reports that provides monocular telescopes market statistics, including monocular telescopes industry global market size, regional shares, competitors with a monocular telescopes market share, detailed monocular telescopes market segments, market trends, and opportunities, and any further data you may need to thrive in the monocular telescopes industry. This monocular telescope research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The monocular telescope market consists of sales of waterproof monoculars, binocular monoculars, digital monoculars, high-powered monoculars, educational monoculars, and smart monoculars. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Monocular Telescope Market Characteristics3. Monocular Telescope Market Trends and Strategies32. Global Monocular Telescope Market Competitive Benchmarking33. Global Monocular Telescope Market Competitive Dashboard34. Key Mergers and Acquisitions in the Monocular Telescope Market
4. Monocular Telescope Market - Macro Economic Scenario
5. Global Monocular Telescope Market Size and Growth
6. Monocular Telescope Market Segmentation
7. Monocular Telescope Market Regional and Country Analysis
8. Asia-Pacific Monocular Telescope Market
9. China Monocular Telescope Market
10. India Monocular Telescope Market
11. Japan Monocular Telescope Market
12. Australia Monocular Telescope Market
13. Indonesia Monocular Telescope Market
14. South Korea Monocular Telescope Market
15. Western Europe Monocular Telescope Market
16. UK Monocular Telescope Market
17. Germany Monocular Telescope Market
18. France Monocular Telescope Market
19. Italy Monocular Telescope Market
20. Spain Monocular Telescope Market
21. Eastern Europe Monocular Telescope Market
22. Russia Monocular Telescope Market
23. North America Monocular Telescope Market
24. USA Monocular Telescope Market
25. Canada Monocular Telescope Market
26. South America Monocular Telescope Market
27. Brazil Monocular Telescope Market
28. Middle East Monocular Telescope Market
29. Africa Monocular Telescope Market
30. Monocular Telescope Market Competitive Landscape and Company Profiles
31. Monocular Telescope Market Other Major and Innovative Companies
35. Monocular Telescope Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Monocular Telescope Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on monocular telescope market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for monocular telescope? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The monocular telescope market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: Compact Monoculars; Zoom Monoculars; Night Vision Monoculars; Thermal Imaging Monoculars2) By Magnification: 5x-10x; 11x-20x; 21x-30x; 31x And Above
3) By Target Users: Amateurs; Professionals; Military And Law Enforcement
4) By Application: Birdwatching; Wildlife Observation; Hunting; Surveillance; Sports
Key Companies Mentioned: Carl Zeiss AG; Nikon Corporation; Swarovski Optik; Eschenbach Optik of America Inc.; Bushnell Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Monocular Telescope market report include:- Carl Zeiss AG
- Nikon Corporation
- Swarovski Optik
- Eschenbach Optik of America Inc.
- Bushnell Corporation
- Shenzhen Daking Optoelectronics Co. Ltd.
- Meopta - optika s.r.o.
- Celestron LLC
- Vortex Optics
- Bresser GmbH
- Meade Instruments
- Minox GmbH
- Maven Outdoor Equipment Company
- Gosky Optics
- Roxant Inc.
- Nanyang Imaisen Technology Co. Ltd.
- Opticron
- Hawke Sport Optics
- Oberwerk
- Pentax Corporation
- Barska
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | December 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 14.76 Billion |
| Forecasted Market Value ( USD | $ 33.89 Billion |
| Compound Annual Growth Rate | 23.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 22 |
