The 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. Increase in the growth of the market size can be
attributed to the rise in popularity of hunting activity in North
America and Europe.
The key end users of the market are civilians and Armed Forces. Key manufacturers in the riflescope market are Bushnell Optics (U.S.), Leupold & Stevens (U.S.), Burris Optics (U.S.), Vortex Optics (U.S.), and Nikon Optics (U.S.).
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=216692701
This report forecasts the riflescope market and its dynamics over the next six years, while also recognizing market application gaps, recent developments in the market, and high potential countries. The objectives of the report are to study the factors influencing the market, map major industry players and competitor landscaping.
Riflescope Market worth 6.87 Billion USD by 2022
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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For precision applications such as hunting or sniping, iron sights have been replaced by telescopic sights.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.
The key end users of the market are civilians and Armed Forces. Key manufacturers in the riflescope market are Bushnell Optics (U.S.), Leupold & Stevens (U.S.), Burris Optics (U.S.), Vortex Optics (U.S.), and Nikon Optics (U.S.).
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=216692701
This report forecasts the riflescope market and its dynamics over the next six years, while also recognizing market application gaps, recent developments in the market, and high potential countries. The objectives of the report are to study the factors influencing the market, map major industry players and competitor landscaping.
Riflescope Market worth 6.87 Billion USD by 2022
You can Ask for ♦ Discount
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.
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