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The global riflescopes market exhibited moderate growth during 2015-2020. A riflescope is a telescopic vision device attached on the top of automatic or snipers rifles and is used for the identification and magnification of the target. They are commonly available with air-gun, handgun, shotgun, muzzleloader, crossbow and purpose-specific scope configurations. The novel variants also include in-built laser range finders connected to color graphics displays. They aid in enhancing vision, improving accuracy and increasing rifle range. They also offer various benefits, such as anti-reflective, efficient light transmission and night vision capabilities for improved targeting. As a result, riflescopes are widely used for shooting sports, hunting, law enforcement and military applications.
The rapid modernization of military and defense industries across the globe represents one of the key factors driving the growth of the market. Riflescopes are widely used in hazy weather conditions to spot the intended targets with maximum accuracy. Moreover, the increasing participation in shooting sports and hunting activities is also driving the market growth. Additionally, various technological advancements, such as the integration of riflescopes with smart rangefinders, a global positioning system (GPS) geotagging and Rapid Adaptive Zoom for Assault Rifles (RAZAR) technologies, are acting as other growth-inducing factors. These innovations aid in conducting precision attacks and minimizing or eliminating the focal adjustments required before using the rifles. Other factors, including increasing investments to upgrade the defense infrastructure, especially in the developing economies, along with the utilization of thermal imaging and laser aiming mechanisms, are anticipated to drive the market further. Looking forward, IMARC Group expects the global riflescopes market to grow at a CAGR of around 5% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global riflescopes market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, sight type, technology and application.
Breakup by Sight Type:
Breakup by Technology:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Vortex Optics.
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