Binoculars Statistics By Usage, Country, Revenue and Shipment

Introduction

Binoculars Statistics: It seems that binoculars have become a popular accessory all around the world. May I ask which brand of binoculars you are currently using? The two most common types of binoculars available in the market are Prism and Porro.

The binocular market is driven by several factors such as technological advancements, the increasing popularity of outdoor recreational activities, a focus on lightweight and compact designs, the integration of intelligent features, growing demands for multifunctional binoculars, and environmental sustainability.

This Binoculars Statistics report provides all the relevant statistical information about binoculars to help you better understand the market.

Editor’s Choice

• The Binoculars Research Report predicts a market growth to $1148.7 million by 2027, with a 2.1% CAGR from 2023-2028.
• Top manufacturers include Canon, Zeiss, Bushnell, and Swarovski Optik, with a 35% market share in 2023.
• Asia Pacific holds the largest market share at 40%, followed by Europe at 30%.
• Roof Prism Binocular is the most popular product segment, capturing 60% of the market.
• China dominates the industry with a 51.5% share in 2023.
• North America will lead with a 39% market share by 2024.
• Top importers: India, Germany, China; top exporters: Germany, United States, Netherlands.
• According to Business Wire, the market is expected to grow by $123.44 million at over 3% CAGR from 2020-2024.
• Worldwide import/export shipments: 1.2 million, with 23,824 buyers and 12,935 suppliers in 2023.

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Facts About Binocular

• Good binoculars typically cost between $500 and $750, while those offering crisp and clear images are priced around $100 to $200.
• Common features include built-in radios with headphones and the ability to mount digital cameras between the lenses.
• Binoculars can be difficult to repair due to easily breakable and crackable lenses.
• Coatings are crucial for binoculars; basic coatings reduce light loss from 7-9% to 5-6%, while premium coatings lower it to 3-4%.
• Hand-held binoculars usually have a maximum magnification of 10X, offering steady viewing, while tripod-mounted ones go up to 12X.
• Binoculars were invented in the late 17th century, primarily for terrestrial viewing, but gained popularity in the 19th century.
• They are used for activities such as hunting, birdwatching, wildlife viewing, golfing, stargazing, sports events, and theater.

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History of Binoculars

• Binoculars were first created in 1825 by J. P. Lemiere. Although the initial designs by others like Hans Lippershey in 1608 were rejected due to poor quality, Lemiere successfully developed a functional pair.
• The name “binoculars” comes from the Latin word “bioculus,” meaning “two eyes.” This term was inspired by devices from the early 17th century that allowed viewing with both eyes.
• Binoculars help you see distant objects as if they are much closer. For example, with a 10x magnification, something 100 yards away appears as if it’s only 10 yards away.
• Early binoculars by Galileo in 1609 were designed for stargazing and could spot celestial bodies like Mars, Jupiter, and Saturn.
• Binocular technology improved significantly in 1854 when Ignazio Porro invented a prism system to correct the upside-down image seen through earlier models.
• The clarity of binoculars is enhanced by special coatings on the glass, which prevent up to 5% light loss.
• Modern binoculars are available with features like fog-proofing, which involves filling them with nitrogen to prevent internal fogging. The external lenses might still need wiping in humid conditions.
• Field glasses, a lighter type of binocular with up to 5x magnification, are primarily used by surveyors due to their portability and simplicity.
• Most handheld binoculars shouldn’t exceed 12x magnification to avoid image shakiness caused by natural hand tremors.
• For those with very shaky hands, such as individuals with Parkinson’s, stabilized binoculars with internal gyroscopes are available to clear up the image.
• Waterproof binoculars that meet the JIS class 8 standard are truly resistant to water, unlike others that may only offer limited or no waterproofing.
• Opera glasses, a smaller type of binocular with 3 to 5x magnification, have been popular among theater and opera goers since their inception to see distant performances more clearly.

General Binocular Statistics

• According to a report published by Technavio, states that the market share of the binocular industry is approximately $140.93 million from 2021 to 2026, with accelerating a CAGR of 3.55%
• The global professional binocular market is expected to reach above $1.81 billion by 2029, with a CAGR of 4.5% from 2023 to 2029.
• The market valuation of hunting binoculars worldwide will reach $152.3 million by 2031 and is expected to grow at a CAGR of .6% from 2023 to 2031.
• As of 2028, the global market size of Emea Binoculars is expected to reach $4.17 billion with a CAGR of 2.4% from 2024 to 2028.
• Meanwhile, the global digital binocular market share will approach almost $722.9 million in 2023.
• According to a report by Future Market Insights, the market size of binocular and mounting solutions is expected to value at $11.4 billion by 2032, and the growth rate with a CAGR of 3.8% of CAGR (from 2022 to 2032).
• In 2022, the primary player in the binocular market will be Bushnell Corporation, with a market share of 7.4%.

(Source: businesswire.com)

Binocular Statistics by Segmentation

• As of 2024, the North American region will contribute the highest market share of 39%.
• Asia Pacific region accounted for the largest market, almost 40% of the share in 2023.

(Source: verifiedmarketreports.com)

• The largest segment of the binocular market is roof prism binoculars, with a 60% share in 2024.
• The global market size of the Porro prism binocular market is expected to reach a CAGR of 1.75% from 2022 to 2029.

(Source: verifiedmarketreports.com)

• By 2031, based on application hunting and shooting series, the binocular market share is expected to be $152.3 million, along with a CAGR of 3.6% from 2023 to 2031.

Binocular Market Size

(Reference: statista.com)

• According to a report published by Statista Research Department, the market size of binoculars worldwide has accounted for $1.25 billion.
• Meanwhile, consumer spending on global binoculars is expected to reach above $1.36 billion by the end of 2026.

Binocular Statistics by Country

(Reference: indexbox.io)

• As of 2023, China has accounted for the highest market share in the binocular industry, resulting in 51.5%.
• Meanwhile, the market share of other countries is followed by Pakistan (14%), the United States (4.9%), Iran (1.6%), Italy (1.2%), and others (26.8%).

Binocular Statistics by Shipments

• The import and export shipment of binoculars worldwide is 1.2 million, with 23,824 buyers and 12,935 suppliers in 2023.
• The top 3 importers of binocular shipment statistics are followed by Germany (100,841 units), the United States (69,027 units), and the Netherlands (56,086 units).
• Import product categories are HSN 42029298, HSN 42029900, and HSN 42029219.
• The top 3 exporters of binocular shipment statistics are followed by India (322,492 units), Germany (76,050), and China (64,300).
• Export product categories are HSN Code 42029298, HSN 42029219, and HSN 42029900.
• Companies that accounted for the maximum import market share are followed by International Learhern IND Inc. (6,095 shipments), Amazon com Services Inc. (5,160 shipments), and Lemie Spa (4,917 shipments).
• Companies that accounted for the maximum export market share are Ganges Jute Private Limited Three Star (8,596 shipments), M S Unique International (7,838 shipments), and ADG Leather Private Limited (5,916 shipments).
• As of December 2023, global buyers of binoculars around the world are the United States (3833), India (1851), and Germany (1461).
• Global suppliers of binoculars around the world are China (4261), India (3178), and the United States (1357).

Professional Binocular Statistics

(Source: valuates.com)

• The global professional binocular market is expected to reach above $1.81 billion.
• On the other hand, the market’s growth rate is supposed to be 4.5% of CAGR from 2023 to 2029.

Digital Binocular Statistics

(Source: valuates.com)

• As of 2023, the global digital binocular market share will approach around $722.9 million.
• By 2029, the market is projected to reach around $873.3 million.
• The market’s growth rate is expected to reach a CAGR of 3.2% from 2023 to 2029.

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Marine Binocular Statistics

(Source: researchandmarkets.com)

• As of 2023, the market size of the global marine binoculars industry has resulted in $431.47 million.
• By the end of 2030, the estimated market size is expected to reach $955.83 million, with a market growth of 12% from 2022 to 2030.

Top Binoculars of 2024

Vortex Viper HD 6*42 (overall best)

(Source: cloudfront.net)

• The overall weight of this binocular is 25.4 ounces, and it costs around $489, which is easily available at Amazon.
• The best features are waterproof/fogproof, and the focus range is almost 6.0 ft.
• My reasons for buying these binoculars are clear and bright resolution, ease of adjustment, and comfort.

Nikon Monarch M7 10*42

(Source: cloudfront.net)

• Features: water and fogproof, great clarity, easy to adjust, and great close focus range (5.8ft).
• This device weighs 25.5 ounces and is available at Amazon, which costs $500.

Zeiss Victory SF 10*42

(Source: cloudfront.net)

• This is a premium-priced binocular, which costs $3,000.
• The best features of this device are waterproof and fogproof, a highly close focus of 4.5ft, incredible clarity, brightness, and excellent construction quality.

Vortex Diamondback HD 8×42

(Source: cloudfront.net)

• This costs around $239 and is available at Amazon.
• Reasons to buy this binocular are because of excellent brightness, great clarity, wide field of view, close focus of 5.5ft, and great value.

Celestron Nature DX 8*42 (best for low budget)

(Source: cloudfront.net)

• This is less expensive, almost $116, and is available at Amazon.
• The reason for buying this binocular is that it is inexpensive, has a close focus of 7.8ft, and has good clarity and brightness.

Nikon Trailblazer ATB waterproof 10*25 (best for travel)

(Source: cloudfront.net)

• This is available at Amazon costs $97, and at REI, it costs $100.
• The main reasons for buying this device are its good close focus range of 11.5ft, effective light control, and availability of great value.

Conclusion

This article comprises extensive primary research, including a detailed analysis of the quantitative and qualitative aspects of the binocular industry. Overall, the paper will give a clear picture of current market dynamics, including industry sectors, trends, market share, countries, opportunities, etc. This article will help you understand the market effectively and allow you to choose a suitable binocular of your preference.