Digital Binoculars is one such device which offers the convenience of a digital camera and a binocular in a single device. A Digital Binocular helps the user take a photo of what they exactly see from a binocular where the magnification of the camera is usually set at the same magnification level as the binocular itself. Some of the major applications of Digital Binoculars are in sports, bird watching, surveillance and defense.
Due to the COVID-19 pandemic, the global Digital Binoculars market size is estimated to be worth US$ 679.1 million in 2021 and is forecast to a readjusted size of US$ 873.3 million by 2028 with a CAGR of 3.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Digital Binoculars market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Digital Binoculars landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Increasing spending on luxury goods has propelled consumers to spend more on luxury goods such as digital binoculars. Sports enthusiasts are adopting technologies that help them enjoy the sport in a more immersive manner. Moreover, security and defense applications have also witnessed a surge in technology spending which translates to the growth in demand of digital binoculars. But while the spending on hobbyist targeted products is increasing, hobbyist targeted products are also gaining maturity and products such as Digital Cameras are getting better resulting into a direct competition for Digital Binoculars.
This report focuses on Digital Binoculars volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Digital Binoculars market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Digital Binoculars Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Below 7X
8X
9X
Above 10X
Segment by Application
Sports
Bird Watching
Surveillance
Defense
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Bushnell Outdoor Products
Barska
ATN
Canon
Leupold & Stevens
Nikon
Ricoh Imaging
Meade Instruments