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.
Browse 87 market data tables and 30 figures spread through
125 pages and in-depth TOC on "Riflescope Market - Global Forecast to 2022"
https://www.marketsandmarkets.com/PressReleases/riflescope.asp
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precision applications such as hunting or sniping, iron sights have been
replaced by telescopic sights.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.