How much is the monocular telescope market worth, and how is it expected to expand?
The monocular telescope market size has grown exponentially in recent years. It will grow from $14.76 $ billion in 2024 to $18.21 $ billion in 2025 at a compound annual growth rate (CAGR) of 23.4%. The growth in the historic period can be attributed to increasing demand for night vision and thermal imaging cameras, increasing adoption of monocular telescopes in military and law enforcement, growing need for surveillance, rising disposable income, and increasing security.
The monocular telescope market size is expected to see exponential growth in the next few years. It will grow to $41.64 $ billion in 2029 at a compound annual growth rate (CAGR) of 23.0%. The growth in the forecast period can be attributed to increasing demand for outdoor activities, growing popularity of birdwatching, increasing demand for high-quality optics, growing need for lightweight, growing popularity of virtual reality, and growing tourism and travel industry. Major trends in the forecast 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 technologies, and advancements in digital integration.
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Which industry factors have accelerated the monocular telescope market’s expansion?
The rising outdoor recreation activities are expected to propel the growth of the monocular telescope market going forward. Outdoor recreation activities are leisure pursuits in natural or open-air environments, such as hiking, camping, fishing, and kayaking. These activities promote physical fitness, relaxation, and a connection with nature. The increasing outdoor recreation activities are driven by a growing awareness of health and wellness benefits, outdoor gear and technology advancements, and a rising interest in nature and adventure experiences. Monocular telescopes are used in outdoor recreation 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 instance, in November 2023, according to a report published by the U.S. Bureau of Economic Analysis, a US-based government agency, in 2022, other outdoor recreation contributed 19.8% to the total value added, up from 19.0% in 2021. Supporting activities made up 46.0% of the value added in 2022, compared to 43.6% in the previous year. Therefore, rising outdoor recreational activities are driving the growth of the monocular telescope market.
What are the primary segments of the monocular telescope market?
The monocular telescopemarket covered in this report is segmented –
1) By Product Type: Compact Monoculars, Zoom Monoculars, Night Vision Monoculars, Thermal Imaging Monoculars
2) 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
Subsegments:
1) By Compact Monoculars: Lightweight Pocket Monoculars, Folding Monoculars, High-Magnification Compact Monoculars, Waterproof Compact Monoculars
2) By Zoom Monoculars: Variable Magnification Monoculars, High-Powered Zoom Monoculars, Adjustable Lens Zoom Monoculars, Digital Zoom Monoculars
3) By Night Vision Monoculars: Infrared Night Vision Monoculars, Gen 1, Gen 2, Gen 3 Night Vision Monoculars, Digital Night Vision Monoculars, Monoculars with Built-In IR Illuminators
4) By Thermal Imaging Monoculars: Handheld Thermal Monoculars, High-Resolution Thermal Monoculars, Compact Thermal Monoculars, Monoculars With Color Palettes And Imaging Modes
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Which firms are leading the monocular telescope market?
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
Which market trends are set to define the future of the monocular telescope market?
Major companies in the monocular telescope market are continuously innovating to enhance user experience by integrating cutting-edge technologies such as fiber optic illumination. Fiber optic illumination in optical devices uses fiber optics to transmit light directly to the reticle, providing a clean, crisp, and highly visible dot for improved precision in varying lighting conditions. For instance, in March 2024, Yukon Group, a Lithuania-based developer of thermal imaging devices, digital night and day optics, launched upgradable thermal monoculars for civilian use, this innovative device enables users to enhance its features over time, representing a major breakthrough in optical technology. Additionally, users can upgrade their monoculars with improved hardware, significantly extending the device’s lifespan. This aligns with sustainability objectives and the EU’s Corporate Sustainability Reporting Directive, supporting a circular economy.
Which geographic trends are shaping the monocular telescope market, and which region has the highest market share?
North America was the largest region in the monocular telescope market in 2024. 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.
What Does The Monocular Telescope Market Report 2025 Offer?
The monocular telescope market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A monocular telescope is a compact optical device that provides a magnified view of distant objects using a single-lens system. It is used for various applications such as birdwatching, hiking, and sporting events, enhancing the viewer’s ability to see far-off details clearly. Its portable design and ease of use make it ideal for on-the-go observation and recreational activities.
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