Riflescopes Market Market 2021-2026: Size, Share, Trends, Key Players, and Forecast
According to the latest report by IMARC Group, titled "Riflescopes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global riflescopes market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global riflescopes market to grow at a CAGR of around 5% during 2021-2026. Riflescopes are telescopic vision devices mounted on top of a rifle that is used to aim at the target, which is at a distance from the shooter. They are available with an air gun, handgun, shotgun, muzzleloader, crossbow, and purpose-specific scope configurations. Riflescopes enhance the aim and vision by passing light through the objective lens and focusing on the point inside the scope. As a result, riflescopes find applications across law enforcement, military, sporting, and hunting activities.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The global riflescopes market is primarily driven by the increasing demand for target precision in hand-held weapons while aiming for short and long distances. Besides this, the various benefits offered by riflescopes, such as anti-reflective, efficient light transmission, and night vision capabilities for improving target, are propelling the market growth. As a result, defense organizations across major countries are extensively investing in the procurement of riflescopes to enhance target capabilities and military strength. Besides this, technological advancements have led to the introduction of thermal imaging, smart rangefinders, GPS geotagging, and rapid adaptive zoom for assault rifles (RAZAR) technologies in riflescopes. Furthermore, the rising number of political conflicts has necessitated using rifles and assault guns equipped with riflescopes. These factors are expected to significantly impact the market growth in the upcoming years.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- BSA Optics
- Burris Company Inc.
- Bushnell Corporation (Vista Outdoor Inc.)
- Hawke Sport Optics LLC
- Hensoldt Sensors GmbH
- Leupold & Stevens Inc.
- Nightforce Optics Inc
- Nikon Corporation
- Schmidt-Bender
- SIG Sauer Inc.
- Vortex Optics
Breakup by Sight Type:
- Telescopic
- Reflex
- Others
Breakup by Technology:
- Electro-Optic
- Thermal Imaging
- Laser
Breakup by Application:
- Hunting
- Armed Forces
- Shooting Sports
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter's Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.