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Global Riflescopes Market: By Sight Type: Telescopic, Reflex; By Technology: Electro Optic, Thermal Imaging, Laser; By Application: Hunting, Armed Forces, Shooting Sports; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Riflescopes Market Outlook

The global riflescopes market reached a value of about USD 5.80 billion in 2020. The industry is further expected to grow at a CAGR of about 5.2% in the forecast period of 2022-2027 to reach a value of around USD 7.90 billion by 2026.

 

North America and Asia Pacific to be Significant Regional Markets for Riflescopes

North America currently dominates the riflescopes market, and this trend is likely to continue during the forecast period of 2022-2027 due to the increasing usage of new military weaponry to bolster the defence sector. In the forecasted timeframe, increased expenditure by the United States military and the deployment of contemporary battle equipment in the country are likely to promote regional market growth. Also, the presence of significant defence equipment manufacturers in the region, combined with strong demand from domestic consumers, is projected to fuel the market expansion.

On the other hand, the Asia Pacific region is expected to dominate the market during the forecast period due to the increasing prevalence of terrorism and terrorist activities and the rise in demand from the leading armed forces of China, India, Japan, and North Korea. One of the strongest growth factors for the riflescopes industry in the Asia Pacific is China's increased defence budget. A high domestic production base and increased consumption of assault and sniper rifles by its defence sector are expected to drive the market growth for riflescopes in China.

 

Riflescopes: Industry Definition and Segmentation

Riflescopes are telescopic vision devices installed on the rifle's top. The primary purpose of using riflescopes is to improve one's aim and precision. Riflescopes are employed because of their magnification ability, which allows the human eye to see a clearer image. Riflescopes increase public safety by displaying precise aim to the naked eye. Riflescopes vary in weight depending on their modality and are typically used for long ranges.

By sight type, the market is divided into:

  • Telescopic
  • Reflex

Based on technology, the market includes:

  • Electro Optic
  • Thermal Imaging
  • Laser

The leading application of the product includes:

  • Hunting
  • Armed Forces
  • Shooting Sports

The regional markets for riflescopes industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand for Precision Attack Technologies Boosting the Market Growth

The global market for riflescopes has increased as the demand for precision attack technology has increased. Riflescopes is expected to benefit from rising technical advances and improvements, which will provide profitable growth prospects for the industry. Other technological advances, such as integration with night vision goggles and riflescopes for smart rifles, are expected to spur the development of new and more technologically advanced riflescopes. The rising demand for advanced hunting equipment, coupled with the increased popularity of hunting and shooting sports is also augmenting the riflescopes market growth. The growing availability of more technologically advanced riflescope with thermal imaging will further induce growth in the demand for riflescopes. Increased spending by the government on the defence and military sector will also propel growth in the demand for riflescopes. The growth of the riflescopes market can be attributed to rising cross-border conflicts and terrorist activities, and increased spending on defence and military equipment. The rising global investments in the procurement of advanced automatic weapons to replace the old and conventional weapons is another factor that is expected to fuel the growth of the riflescope market.

 

Key Industry Players in the Global Riflescopes Market

The report gives a detailed analysis of the following key players in the global riflescopes market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Leupold and Stevens, Inc.
  • Bushnell
  • Burris Company
  • Nikon Corporation
  • Navistar, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Sight Type, Technology, Application, Region
Breakup by Sight Type Telescopic, Reflex
Breakup by Technology Electro Optic, Thermal Imaging, Laser
Breakup by Application Hunting, Armed Forces, Shooting Sports
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Leupold and Stevens, Inc., Bushnell, Burris Company, Nikon Corporation, Navistar, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Riflescopes Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Riflescopes Historical Market (2017-2021) 
    8.3    Global Riflescopes Market Forecast (2022-2027)
    8.4    Global Riflescopes Market by Sight Type
        8.4.1    Telescopic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Reflex
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Riflescopes Market by Technology
        8.5.1    Electro Optic
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Thermal Imaging
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Laser
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
    8.6    Global Riflescopes Market by Application
        8.6.1    Hunting
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Armed Forces
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Shooting Sports
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
    8.7    Global Riflescopes Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis 
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Leupold and Stevens, Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Bushnell
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Burris Company
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Nikon Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Navistar, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Riflescopes Market: Key Industry Highlights, 2016 and 2026
2.    Global Riflescopes Historical Market: Breakup by Sight Type (USD Million), 2017-2021
3.    Global Riflescopes Market Forecast: Breakup by Sight Type (USD Million), 2022-2027
4.    Global Riflescopes Historical Market: Breakup by Technology (USD Million), 2017-2021
5.    Global Riflescopes Market Forecast: Breakup by Technology (USD Million), 2022-2027
6.    Global Riflescopes Historical Market: Breakup by Application (USD Million), 2017-2021
7.    Global Riflescopes Market Forecast: Breakup by Application (USD Million), 2022-2027
8.    Global Riflescopes Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Riflescopes Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Riflescopes Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Riflescopes Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Riflescopes Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Riflescopes Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Riflescopes Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Riflescopes Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Riflescopes Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Riflescopes Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Riflescopes Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Riflescopes Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    North America Historical Price Trends and Forecast 2017-2027
21.    Europe Historical Price Trends and Forecast 2017-2027
22.    Asia Pacific Historical Price Trends and Forecast 2017-2027
23.    Latin America Historical Price Trends and Forecast 2017-2027
24.    Middle East and Africa Historical Price Trends and Forecast 2017-2027
25.    Major Exporting Countries by Value
26.    Major Importing Countries by Value
27.    Major Exporting Countries by Volume
28.    Major Importing Countries by Volume
29.    Global Riflescopes Market Structure

Key Questions Answered in the Report

In 2020, the global riflescopes market attained a value of nearly USD 5.80 billion.

The market is projected to grow at a CAGR of 5.2% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 7.90 billion by 2026.

The major drivers of the market include the increasing prevalence of terrorism and terrorist activities, rise in demand from the leading armed forces, rising demand for advanced hunting equipment, global investments, and increased spending by the government on the defence and military sector.

Increasing demand for precision attack technology and technological advancements are the key industry trends propelling the growth of the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Based on sight type, the market is categorised into telescopic and reflex.

On the basis of technology, the market is divided into electro optic, thermal imaging, and laser.

The leading application of the market includes hunting, armed forces, and shooting sports.

The major players in the industry are Leupold and Stevens, Inc., Bushnell, Burris Company, Nikon Corporation, and Navistar, Inc., among others.

Analyst Review

The global riflescopes market attained a value of USD 5.80 billion in 2020, driven by the increasing demand for precision attack technology. Aided by the increased spending by the government on the defence and military sector and technological advancements, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.2%. The market is projected to reach USD 7.90 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on sight type, the market is categorised into telescopic and reflex. On the basis of technology, the market is divided into electro optic, thermal imaging, and laser. The leading application of the market includes hunting, armed forces, and shooting sports. The major regional markets for riflescopes are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are Leupold and Stevens, Inc., Bushnell, Burris Company, Nikon Corporation, and Navistar, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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