Riflescopes Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Riflescopes Market: By Technology (Thermal Imaging, Laser, and Electro-Optic/IR), By Sight Type (Telescopic and Reflex), By Range (Long, Medium, and Short), By Application (Armed Forces, Hunting and Shooting Sports), and Geography

 

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Report

Description

The riflescopes market size is anticipated to be valued at USD 5,372.5 million in 2021 and is expanded to grow at a significant CAGR of 4.5% over 2022-2028. The growing demand for hunting and shooting activities, as well as technological developments in precision attack, are likely to propel the riflescopes sector forward. However, the market has a barrier in the form of high riflescope costs. Military modernization contracts provide numerous potentials for manufacturers to earn significant market share. The army’s demand for exact strikes is projected to drive the riflescope market forward. Over the last decade, military optical technology has advanced, particularly in telescopic sights. Telescopic sights have allowed militaries to fire precise shots over longer distances than they could with regular infantry weapons. Factors such as rising demand for firearms for shooting sports and hunting and rising shooting ranges worldwide will boost the rifle scopes market growth during the forecast period. Various new capabilities are being added to riflescopes to make it easier to aim and shoot. The telescopic segment is anticipated to grow at the fastest CAGR from 2022 to 2028, based on sight type. Telescopic sights are optical telescopes that are equipped with several types of graphic image pattern reticles to provide an exact aiming point. Because of the existing and growing demand for hunting applications, telescopic riflescopes are likely to have a larger market share than reflex riflescopes.

Recent Market Developments:

In October 2021, ZEISS Introduces a New Generation of the V8 Riflescope Family With four new V8 models ZEISS helps hunters to achieve success.

In November 2021, World’s First Riflescope NFT was Developed Through Digital Arms & ZeroTech International Licensing Partnership.

Riflescopes Market

MARKET SUMMARY
-
4.5% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.5%
  • Largest Market– Europe
  • Fastest Growing Market– Asia-Pacific

Riflescopes Market

  • The report on global riflescopes market gives historical, current and future market sizes (US$ Mn) based on technology, sight type, range, application and region.
  • The riflescopes market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Key stakeholders of the global riflescopes market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global riflescopes products.
Key Players
  • Burris Company
  • Bushnell
  • Hawke Optics.
  • ZEISS International
  • ZeroTech Australia
Riflescopes Market

Dynamics

Technology advances, such as integration with night vision goggles and riflescopes for innovative rifles, are projected to spur the creation of new and more technologically advanced riflescopes. However, factors such as mass shootings, major gun restrictions, and strict anti-shooting legislation stifle the market’s growth to some extent. Acquisition costs, scope swapping, and optical aberrations have posed barriers to the worldwide riflescope market’s expansion.


Asia-Pacific got significant share

Riflescopes Market

The Asia Pacific riflescopes market is anticipated to grow at the highest CAGR from 2022 to 2028. This regional market research looks at countries including China, India, Japan, and South Korea. One of the most significant growth factors for the riflescopes business in China is the country's expanding defense spending. The domestic production base and increased use of attack and spy rifles by China's defense industry are projected to drive the riflescope market. Furthermore, due to advancements in defense research activities, an expanding number of military facilities, and increased demand for rifles and weapons, North America is predicted to have the second-highest share.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
Riflescopes Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

  1. Executive Summary
  2. Global Riflescopes Market Introduction
    • Global Riflescopes Market – Taxonomy
    • Global Riflescopes Market –Definitions
      • Technology
      • Sight Type
      • Range
      • Application
  3. Global Riflescopes Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Riflescopes Market Dynamic Factors – Impact Analysis
    • Global Riflescopes Market – Competition Landscape
  4. Global Riflescopes Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Riflescopes Market, By Technology, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Thermal Imaging
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Laser
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electro-Optic/IR
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Riflescopes Market, By Sight Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Telescopic
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Reflex
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Riflescopes Market, By Range, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Long
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Medium
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Short
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Riflescopes Market, By Application, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Armed Forces
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hunting
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Shooting Sports
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Riflescopes Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Riflescopes Market – Opportunity Analysis Index, By Technology, Sight Type, Range, End User and Region, 2020 – 2026
  2. North America Riflescopes Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermal Imaging
      • Laser
      • Electro-Optic/IR
    • Sight Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Telescopic
      • Reflex
    • Range Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Long
      • Medium
      • Short
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Armed Forces
      • Hunting
      • Shooting Sports
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Riflescopes Market – Opportunity Analysis Index, By Technology, Sight Type, Range, Application and Region, 2020 – 2026
    • North America Riflescopes Market Dynamics – Trends
  3. Europe Riflescopes Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermal Imaging
      • Laser
      • Electro-Optic/IR
    • Sight Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Telescopic
      • Reflex
    • Range Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Long
      • Medium
      • Short
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Armed Forces
      • Hunting
      • Shooting Sports
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Riflescopes Market – Opportunity Analysis Index, By Technology, Sight Type, Range, Application and Region, 2020 – 2026
    • Europe Riflescopes Market Dynamics – Trends
  4. Asia-Pacific Riflescopes Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermal Imaging
      • Laser
      • Electro-Optic/IR
    • Sight Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Telescopic
      • Reflex
    • Range Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Long
      • Medium
      • Short
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Armed Forces
      • Hunting
      • Shooting Sports
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Riflescopes Market – Opportunity Analysis Index, By Technology, Sight Type, Range, Application and Region, 2020 – 2026
    • Asia-Pacific Riflescopes Market Dynamics – Trends
  5. Latin America Riflescopes Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermal Imaging
      • Laser
      • Electro-Optic/IR
    • Sight Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Telescopic
      • Reflex
    • Range Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Long
      • Medium
      • Short
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Armed Forces
      • Hunting
      • Shooting Sports
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Riflescopes Market – Opportunity Analysis Index, By Technology, Sight Type, Range, Application and Region, 2020 – 2026
    • Latin America Riflescopes Market Dynamics – Trends
  6. Middle East and Africa Riflescopes Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermal Imaging
      • Laser
      • Electro-Optic/IR
    • Sight Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Telescopic
      • Reflex
    • Range Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Long
      • Medium
      • Short
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Armed Forces
      • Hunting
      • Shooting Sports
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Riflescopes Market – Opportunity Analysis Index, By Technology, Sight Type, Range, Application and Region, 2020 – 2026
    • MEA Riflescopes Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Instrument Portability & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Burris Company
      • Bushnell
      • Schmidt & Bender GmbH & Co. Kg
      • Nightforce Optics, Inc.
      • Hawke Optics
      • BSA Optics
      • Vortex Optics
      • Carl Zeiss AG
      • Aimpoint
      • Flir Systems
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Burris Company
  • Bushnell
  • Schmidt & Bender GmbH & Co. Kg
  • Nightforce Optics, Inc.
  • Hawke Optics
  • BSA Optics
  • Vortex Optics
  • Carl Zeiss AG
  • Aimpoint
  • Flir Systems

Description

The riflescopes market size is anticipated to be valued at USD 5,372.5 million in 2021 and is expanded to grow at a significant CAGR of 4.5% over 2022-2028. The growing demand for hunting and shooting activities, as well as technological developments in precision attack, are likely to propel the riflescopes sector forward. However, the market has a barrier in the form of high riflescope costs. Military modernization contracts provide numerous potentials for manufacturers to earn significant market share. The army’s demand for exact strikes is projected to drive the riflescope market forward. Over the last decade, military optical technology has advanced, particularly in telescopic sights. Telescopic sights have allowed militaries to fire precise shots over longer distances than they could with regular infantry weapons. Factors such as rising demand for firearms for shooting sports and hunting and rising shooting ranges worldwide will boost the rifle scopes market growth during the forecast period. Various new capabilities are being added to riflescopes to make it easier to aim and shoot. The telescopic segment is anticipated to grow at the fastest CAGR from 2022 to 2028, based on sight type. Telescopic sights are optical telescopes that are equipped with several types of graphic image pattern reticles to provide an exact aiming point. Because of the existing and growing demand for hunting applications, telescopic riflescopes are likely to have a larger market share than reflex riflescopes.

Recent Market Developments:

In October 2021, ZEISS Introduces a New Generation of the V8 Riflescope Family With four new V8 models ZEISS helps hunters to achieve success.

In November 2021, World’s First Riflescope NFT was Developed Through Digital Arms & ZeroTech International Licensing Partnership.

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