According to the report compiled by Fact.MR, the global market for riflescope is likely to experience moderate growth. The market is estimated to bring in US$ 5,455.7 million revenue towards the end of 2022.
The global market discussion on riflescope industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Riflescope Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on riflescope market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.
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According to the latest report by Fact.MR, the global riflescope market is expected to witness moderate growth. The market is projected to register 4.0% CAGR during the forecast period 2017-2022. Advancements in technology and increase in shooting as a sports activity are some of the factors resulting in the growth of riflescope market. Major market players are also moving towards signing contracts with military and are also introducing new products. Following insights show how the global riflescope market will perform in the coming years.
5 Forecast Highlights on Global Riflescope Market
1- North America is expected to remain dominant in the global riflescope market. North America riflescope market is projected to surpass US$ 2,200 million revenue by the end of 2022. Rising interest towards shooting as a sport and increasing adoption of riflescope in defense are some of the factors fueling the growth of riflescope market in North America.
2- Europe is also anticipated to witness growth during the forecast period. Owing to the increase in animal hunting activities, introduction of modernization program for soldiers, the demand for riflescope with advanced features is increasing, resulting in the growth of Europe riflescope market.
3- Telescopic sights is expected to be one of the highly preferred riflescope product. By the end of 2022, telescopic sights is projected to surpass US$ 3,700 million revenue. It is also anticipated to account for nearly three-fourth of the revenue share by the end of 2017.
4- Electro optic technology in riflescope is expected to account for highest revenue share. Electro optic technology is projected to create an incremental opportunity of over US$ 600 million between 2017 and 2022. Meanwhile, thermal/infrared riflescope technology is also expected to witness moderate growth during the forecast period.
5- Riflescope is expected to be widely used in hunting. Hunting is projected to reach nearly US$ 2,500 million revenue by the end of 2022. Although riflescope will also find its application in armed forces. Armed forces are expected to account for nearly two-fifth of the revenue share by the end of 2017.
Electro Optic to Gain Maximum Revenue Share
Electro optic riflescope technology is likely to gain more than two-third of the revenue share by 2017 end. Electro optic is also estimated to bring in nearly US$ 3,700 million revenue towards 2022 end. However, thermal/infrared technology is also likely to experience growth during 2017-2022.
The report has also profiled leading market players in the global market for riflescope, which will remain active through 2022. These include companies such as Leupold & Stevens, Inc., Bushnell Inc., Burris Company, Inc., Hawke Optics, Vortex Optics, BSA Optics, Inc., SAM ELECTRICAL EQUIPMENTS (NANTONG) CO., LTD, and Schmidt & Bender GmbH & Co. KG.
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Table of Contents:
- Global Riflescope Market – Executive Summary
- Global Riflescope Market Overview
2.1.1. Global Riflescope Market Taxonomy
2.1.2. Global Riflescope Market Definition
2.2. Global Riflescope Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Riflescope Market Y-o-Y Growth
2.3. Global Riflescope Market Dynamics
2.4. Supply Chain
2.5. International Trade Outlook
2.6. List of Distributors
2.7. Average Pricing Analysis
2.9. Key Participants Market Presence (Intensity Map) By Region
- Global Riflescope Market Analysis and Forecast By Product Type
3.1. Global Riflescope Market Size and Forecast By Product Type, 2012-2022
3.1.1. Telescopic sights Market Size and Forecast, 2012-2022
188.8.131.52. Revenue (US$ Mn) Comparison, By Region
184.108.40.206. Market Share Comparison, By Region
220.127.116.11. Y-o-Y growth Comparison, By Region
3.1.2. Reflex sights Market Size and Forecast, 2012-2022
18.104.22.168. Revenue (US$ Mn) Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
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