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Global Riflescopes Market to reach USD 8 billion by 2027.

Global Riflescopes Market by application (armed forces, hunting, shooting sports), technology (EO/IR, thermal imaging, laser), end user (Defence, Commercial), function (Day sights, night sights), range (Short (50 to 100 yards), Medium (100 to 500 yards), Long (> 500 Yards)), Regional Forecasts 2021-2027

Product Code: SSAD-99896565
Publish Date: 15-08-2021
Page: 200

Global Riflescopes Market is valued approximately at USD 5.7 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2021-2027. The riflescope is a telescopic vision attached to the weapon’s topmost part that aids in improving aim by pointing and magnifying a target. It is primarily utilized by the military, as well as hunting and shooting sports. Various sophisticated capabilities are being added to riflescopes to make it easier to aim and shoot. Actual shooting is being made to resemble a computer game using new technologies. Night-vision and infrared imaging lenses are also being included into riflescopes by manufacturers. There are several different types of riflescopes on the market. The market is driven by key factors such as advancements in riflescope technology for precision attack and increasing demand for riflescopes for hunting and shooting sports. For instance, SIG Sauer (Germany) and the US Department of Defense (DOD) signed a contract in January 2019 to provide the US Special Operations Forces (SOF) with a new riflescope and gun mount, the Electro-Optics Tango6T 1-624 Second Focal Plane (SFP) Riflescope and Alpha4 Ultralight Mount. For the next five years, the deal will cost the US Department of Defense USD 12 million per year. Furthermore, Nikon launched a new flagship hunting riflescope, the Monarch riflescope, in September 2019, which is a long-range type riflescope that is excellent for hunting and sporting activities. Manufacturers are incorporating technology including GPS geotagging, enhanced magnification, and ultra-HD magnification, as well as networking capabilities including Bluetooth and Wi-Fi, into riflescopes for connectivity with other gadgets such as smart goggles for better accuracy, for military applications. However, high cost of riflescopes may impede market growth over the forecast period of 2021-2027.

North America dominated the global market and is predicted to develop rapidly in the next years. In the forecasted period, increased military investment and the deployment of new military equipment in the United States are projected to boost regional market growth. Due to the strong adoption of technologically sophisticated equipment by the armed services, Europe emerged as the second-largest consumer of the products. The United Kingdom, Germany, France, and Russia, among others, are major players in the region.

Major market player included in this report are:
Schmidt & Bender GmbH & Co. Kg
BSA Optics
Vortex Optics
Leupold & Stevens, Inc.
Burris Company
Nightforce Optics, Inc.
Carl Zeiss Ag
Trijicon, Inc.
Flir Systems
BAE Systems, Plc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Range:
Short (50 to 100 yards)
Medium (100 to 500 yards)
Long (> 500 Yards)
By Technology:
Thermal Imaging
By Application:
Armed Forces
Shooting Sports
By End use:
By Function:
Day Sights
Night sights
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Riflescopes Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Riflescopes Market, by Region, 2019-2027 (USD Billion)
1.2.2. Riflescopes Market, by Range, 2019-2027 (USD Billion)
1.2.3. Riflescopes Market, by Technology, 2019-2027 (USD Billion)
1.2.4. Riflescopes Market, by Application, 2019-2027 (USD Billion)
1.2.5. Riflescopes Market, by End user, 2019-2027 (USD Billion)
1.2.6. Riflescopes Market, by Function, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Riflescopes Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Riflescopes Market Dynamics
3.1. Riflescopes Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Advancements in riflescope technology for precision attack Increasing demand for riflescopes for hunting and shooting sports
3.1.2. Market Restraint High cost of riflescopes Ban on hunting
3.1.3. Market Opportunities Military modernization programs
Chapter 4. Global Riflescopes Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Riflescopes Market, by Range
5.1. Market Snapshot
5.2. Global Riflescopes Market by Range, Performance – Potential Analysis
5.3. Global Riflescopes Market Estimates & Forecasts by Range 2018-2027 (USD Billion)
5.4. Riflescopes Market , Sub Segment Analysis
5.4.1. Short (50 to 100 yards)
5.4.2. Medium (100 to 500 yards)
5.4.3. Long (> 500 Yards)
Chapter 6. Global Riflescopes Market, by technology
6.1. Market Snapshot
6.2. Global Riflescopes Market by Technology, Performance – Potential Analysis
6.3. Global Riflescopes Market Estimates & Forecasts by technology 2018-2027 (USD Billion)
6.4. Riflescopes Market , Sub Segment Analysis
6.4.1. Electro-optic/Infrared
6.4.2. Thermal Imaging
6.4.3. Laser
Chapter 7. Global Riflescopes Market, by End use
7.1. Market Snapshot
7.2. Global Riflescopes Market by End Use, Performance – Potential Analysis
7.3. Global Riflescopes Market Estimates & Forecasts by End Use 2018-2027 (USD Billion)
7.4. Riflescopes Market , Sub Segment Analysis
7.4.1. Defense
7.4.2. Commercial
Chapter 8. Global Riflescopes Market, by Application
8.1. Market Snapshot
8.2. Global Riflescopes Market by Application, Performance – Potential Analysis
8.3. Global Riflescopes Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
8.4. Riflescopes Market , Sub Segment Analysis
8.4.1. Armed Forces
8.4.2. Hunting
8.4.3. Shooting Sports
Chapter 9. Global Riflescopes Market, by function
9.1. Market Snapshot
9.2. Global Riflescopes Market by Function, Performance – Potential Analysis
9.3. Global Riflescopes Market Estimates & Forecasts by Function 2018-2027 (USD Billion)
9.4. Riflescopes Market , Sub Segment Analysis
9.4.1. Day Sights
9.4.2. Night Sights
Chapter 10. Global Riflescopes Market, Regional Analysis
10.1. Riflescopes Market , Regional Market Snapshot
10.2. North America Riflescopes Market
10.2.1. U.S. Riflescopes Market Range breakdown estimates & forecasts, 2018-2027 Technology breakdown estimates & forecasts, 2018-2027 End use breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027 Function breakdown estimates & forecasts, 2018-2027
10.2.2. Canada Riflescopes Market
10.3. Europe Riflescopes Market Snapshot
10.3.1. U.K. Riflescopes Market
10.3.2. Germany Riflescopes Market
10.3.3. France Riflescopes Market
10.3.4. Spain Riflescopes Market
10.3.5. Italy Riflescopes Market
10.3.6. Rest of Europe Riflescopes Market
10.4. Asia-Pacific Riflescopes Market Snapshot
10.4.1. China Riflescopes Market
10.4.2. India Riflescopes Market
10.4.3. Japan Riflescopes Market
10.4.4. Australia Riflescopes Market
10.4.5. South Korea Riflescopes Market
10.4.6. Rest of Asia Pacific Riflescopes Market
10.5. Latin America Riflescopes Market Snapshot
10.5.1. Brazil Riflescopes Market
10.5.2. Mexico Riflescopes Market
10.6. Rest of The World Riflescopes Market
Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Schmidt & Bender GmbH & Co. Kg Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. BSA Optics
11.2.3. Vortex Optics
11.2.4. Leupold & Stevens, Inc.
11.2.5. Burris Company
11.2.6. Nightforce Optics, Inc.
11.2.7. Carl Zeiss Ag
11.2.8. Trijicon, Inc.
11.2.9. Flir Systems
11.2.10. BAE Systems, Plc
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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