Global Monocular Telescope Report 2025, Forecast To 2034
19 Mar, 2025
What Has Been The Evolution of the Monocular Telescope Market in Recent Years?
The monocular telescope market has seen considerable growth due to a variety of factors.
• The market for monocular telescopes has seen tremendous growth in recent times. It is projected to expand from $14.76 billion in 2024 to $18.21 billion in 2025, reflecting a compound annual growth rate (CAGR) of 23.4%.
The remarkable growth during the historic period is due to factors such as the rising demand for night vision and thermal imaging cameras, more usage of monocular telescopes in the military and law enforcement sectors, a growing requirement for surveillance, higher disposable income, and heightened security concerns.
How Will the Monocular Telescope Market?
The monocular telescope market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for monocular telescopes is projected to experience substantial growth in the coming years. The market is forecasted to reach $41.64 billion in 2029 at a compound annual growth rate (CAGR) of 23.0%.
The surge observed in the forecast period can be credited to the growing demand for outdoor activities, the increasing popularity of birdwatching, the rising demand for superior optical devices, the heightened need for lighter weight, the growing popularity of virtual reality, and the expanding tourism and travel industry. Key trends for the forecast period encompassing technological innovations, emergence of new materials and technologies, production of lightweight and compact devices, integration of automatic tracking, breakthroughs in optical lens design and crafting technologies, and progress in digital integration.
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Which Factors Are Boosting Growth In The Monocular Telescope Market?
The growth of the monocular telescope market is anticipated to accelerate due to the increased participation in outdoor recreational activities. Such activities, which involve enjoyment in open-air or natural surroundings, include hobbies like hiking, camping, fishing, and kayaking. These pursuits not only promote physical fitness and relaxation but also foster a closeness with nature. The surge in these outdoor leisure activities is fuelled by increased health and wellness consciousness, progress in outdoor gear and technology, and a burgeoning interest in nature and adventure-based experiences. Monocular telescopes play a crucial role in these activities by improving the visibility of distant objects or landscapes — a feature that is especially beneficial for activities like birdwatching, hiking, wildlife observation, and outdoor sports. As per a November 2023 report from the U.S. Bureau of Economic Analysis, a government agency in the U.S., other outdoor recreation activities accounted for 19.8% of the total value addition in 2022, a rise from 19.0% in 2021. Furthermore, supporting activities constituted 46.0% of the value addition in 2022, up from 43.6% in 2021. Therefore, increased outdoor recreational activities are prompting the upswing in the monocular telescope market.
What Key Areas Define The Segmentation Of The Global 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
How Are Emerging Trends Reshaping The Dynamics Of The Monocular Telescope Market?
Top firms in the monocular telescope market are consistently enhancing their offerings through technological innovations such as fiber optic illumination. By transmitting light straight to the reticle, this advanced technology provides a clear, sharp, and highly perceptible dot, resulting in enhanced precision under various lighting situations. For example, in March 2024, the Lithuania-based Yukon Group specializing in thermal imaging devices and day and night optics, pioneered the introduction of upgradable thermal monoculars for public consumption. This product lets users boost its features over time and is a significant advancement in optical science. Users can also opt for a hardware upgrade to extend the device's longevity. This complies with the aim of sustainability and aligns with the European Union's Corporate Sustainability Reporting Directive, fostering a circular economy.
Who Are the Key Players In 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
What Is The Most Dominant Region In The Monocular Telescope Market?
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.