Riflescope Market worth 6.87 Billion USD by 2022

The report "Riflescope Market by Sight Type (Telescopic Sight, Reflex Sight), Technology (Electro Optic, Thermal Imaging/ Infrared, Laser ), Application (Hunting, Armed Forces, Shooting Sports), and Region - Global Forecast to 2022", The riflescope market is estimated to grow from USD 5.36 Billion in 2016 to USD 6.87 Billion in 2022, at a CAGR of 4.24% during the forecast period. Increasing popularity of shooting sports and animal hunting is expected to drive the riflescope market during the forecast period.

Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=216692701

Browse 87 market data tables and 30 figures spread through 125 pages and in-depth TOC on "Riflescope Market - Global Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/riflescope-market-216692701.html

Based on sight type, the telescopic segment is projected to lead the riflescope market during the forecast period

For precision applications such as hunting or sniping, iron sights have been replaced by telescopic sights. Telescopic sights provides better vision and help shooters aim better at the target. Precision in attack is expected to drive the riflescope market for telescopic sight type.

Based on technology, the thermal imaging/infrared segment of the riflescope market is estimated to grow at the highest CAGR during the forecast period

Riflescopes with the thermal imaging/infrared technology are increasingly finding applications in Armed Forces, owing to their utility in night missions. Animal hunters who hunt at night also use thermal imaging/infrared riflescopes. Owing to these factors, the thermal imaging/infrared segment is estimated to grow at the highest CAGR during the forecast period.

The Europe riflescope market is expected to grow at the highest CAGR during the forecast period

Europe is estimated to lead the riflescope market during the forecast period, owing to the increase in popularity of animal hunting activities, soldier modernization programs, and shooting sports. North America is estimated to be the second-largest market for riflescopes.

Bushnell (U.S.), Leupold & Stevens Inc. (U.S.), and Burris Optics (U.S.) are some of the key players in the riflescope market

The major challenge for system manufacturers is high cost. The major players in the riflescope market are Bushnell (U.S.), Leupold & Stevens Inc. (U.S.), and Burris Optics (U.S.). This report provides detailed information and forecasts the riflescope market from 2016 to 2022. The riflescope market has been segmented on the basis of application, sight type, technology, and region.  On the basis of application, the Armed Forces segment is estimated to grow at the highest CAGR during the forecast period. Based on application, the hunting segment is estimated to lead the riflescope market during the forecast period. On the basis of technology, the riflescope market has been segmented into electro optic, thermal imaging/infrared, and laser. The thermal imaging/infrared segment is projected to grow at the highest CAGR during the forecast period.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com