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Global Spotting Scope Market 2017-2021

  • Published: May 2017
  • Pages: 70
  • SKU: IRTNTR12199
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This market research report identifies Celestron, KOWA Optimed, Leupold Optics, Nikon, and SWAROVSKI OPTIK as the key vendors in the global spotting scope market. This report also presents a detailed analysis of the market by product type, end-user, and geography.

Overview of the global spotting scope market

The global spotting scope market is foreseen to grow at steady rate and will post a CAGR of nearly 5% during the forecast period. The growing interest in the wildlife photography and bird watching is one of the driving factors for the market’s growth. Seen as one of the popular hobbies globally, numerous government and non-government organizations have recognized the work done by wildlife enthusiasts. Moreover, with technical knowledge and time-management skills, improved cameras and associated equipment like spotting scope are also needed. In addition, manufacturers have introduced many advancements in the spotting scope equipment and have also launched adapters to integrate their smartphones. Furthermore, bird-watching and wildlife photography are attracting wide popularity due to its remuneration, which, in turn, is expected to augment the development of new products and drive the growth of the market. 

In terms of geography, the Americas accounted for the major share in the global spotting scope market during 2016 and will continue to dominate during the forecasted period. The growth in investments, and increased adoption interests in educational institutions as a part of co-curricular activities contribute to the growth of the market in the Americas.

 

 

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Competitive analysis and key vendors

The global spotting scope market consists of several small and mid-sized vendors and is largely competitive. The widening competition and developments in technology are the persuasive factors for the vendors to focus on more than geographical expansion. Substantial investments in the planning, designing, and improvement in spotting scopes have been evident in the market. Moreover, international expansion strategies are planned by the defense suppliers to provide spotting scopes in the civilian segment as well. 

Key vendors in the market are:

  • Celestron
  • KOWA Optimed
  • Leupold Optics
  • Nikon
  • SWAROVSKI OPTIK

Other prominent vendors include Hawke Optics, Konuspro, US Optics, and Vortex Optics.

Segmentation by product-type and analysis of the spotting scope market

  • Global straight body spotting scope market
  • Global angled body spotting scope market

The angled-body spotting scope segment accounted for the majority of market shares by product type during 2016. The rising adoption by numerous military agencies for surveillance applications and bird-watching enthusiasts will drive the segment’s growth.

Segmentation by end-user and analysis of the spotting scope market

  • Global spotting scope market for civilian applications
  • Global spotting scope market for defense and law enforcement applications

As per the Technavio’s market research report, the global spotting scope market for civilian applications dominated the market by end-user in 2016. The segment is expected to continue the domination over the next four years due to rising interest in hunting and bird watching and the easy availability of spotting scopes, mainly through online shopping channels.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global spotting scope market?
  • What are the key market trends impacting the global spotting scope market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global spotting scope market?
  • What are the market opportunities and threats faced by the vendors in the global spotting scope market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global spotting scope market?

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Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights

PART 05: Buying criteria

  • Buying criteria

PART 06: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 07: Market segmentation by product type

  • Global spotting scope market: Segmentation by product type

PART 08: Market segmentation by end user

  • Global spotting scope market: Segmentation by end user
  • Global spotting scope market for civilian applications
  • Global spotting scope market for defense and law enforcement applications

PART 09: Geographical segmentation

  • Global spotting scope market: Segmentation by geography
  • Spotting scope market in the Americas
  • Spotting scope market in EMEA
  • Spotting scope market in APAC

PART 10: Decision framework

PART 11: Drivers and challenges

  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments

PART 12: Market trends

  • Growing acceptance of lawful hunting
  • Increasing popularity of organized target shooting
  • Rising acceptance of dual focus spotting scopes

PART 13: Vendor landscape

  • Competitive landscape
  • Celestron
  • KOWA Optimed
  • Leupold Optics
  • Nikon
  • SWAROVSKI OPTIK
  • Other prominent vendors

PART 14: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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