Riflescopes Market Insights
The global riflescopes market is estimated to witness a significant CAGR during the forecast period (2020-2026). A riflescope is a telescopic vision mounted on top of a rifle that helps locate and magnify a target to improve aim. The riflescopes are mainly used for military, hunting, and sports shooting. Riflescopes allow accurate target shooting and are used widely in military operations. The high demand of riflescopes in hunting and shooting sports further lead to the market’s growth during the forecast period. Moreover, the advancements in technology for the precision attack is one of the significant factors driving the market growth. However, the high cost of riflescopes and ban on hunting are some of the factors hampering the market growth over the coming years.
Riflescopes Market Size: By Sight Type
Based on the sight type, the market is segmented into telescopic and reflex. The telescopic segment is expected to grow at a high CAGR during the forecast period due to the increasing demand for hunting and military applications. Telescopic sight provides improved vision and helps shooters target the aim clearer.
Riflescopes Market Size: By Application
Based on the application, the market is segmented into armed forces, hunting, and shooting sports. The armed forces segment is projected to grow at a high CAGR during the forecast period, due to rise in military modernization programs across the globe.
Riflescopes Market Size: By Technology
Based on technology, the market is segmented into EO/IR, thermal imaging, and laser. The EO/IR (Electro-optical/infra-red) segment is expected to grow at a high CAGR during the forecast period. EO/IR is an imaging system used by military which includes: visible and infrared sensors. These systems have long-range imaging abilities, and image stabilization leads to their use in aircraft and sea. Furthermore, the thermal imaging segment is expected to register the second-highest CAGR during the forecast period, due to advancements in riflescope technology for accuracy which is one of the significant factors driving the market growth. Moreover, for security and surveillance systems, thermal imaging helps in threat detection and works well with networks. The laser allows the shooter to get the gun on target and is operational in low light as well. They are used as training aids and are useful in dry exercise.
Riflescopes Market Size: By End User
Based on end-user, the market is segmented into commercial and defense. The defense segment is expected to grow at a high CAGR during the forecast period. Furthermore, the commercial segment is projected to grow as well since riflescopes are widely used in hunting, shooting sports, and home defense.
Riflescopes Market Size: By Weapon Compatibility
Based on the weapon compatibility, the market is segmented into sniper rifles and automatic rifles. The sniper rifle segment is expected to grow at a high CAGR during the forecast period. Sniper rifle has a powerful scope, long barrel and allows soldiers to have precision targets. Military sniper rifles are durable, reliable and easily repairable which leads to high demand in the market. In addition, automatic rifles are expected to hold the largest market share over the coming years.
Riflescopes Market Size: By Function
Based on function, the market is segmented into day sights and night sights. The night sights segment is expected to grow at a high CAGR during the forecast period. They are highly used in military and in shooting events. Thermal scope works best in the daytime and is preferred for hunting and shooting.
Riflescopes Market Size: By Range
Based on range, the market is segmented into short (50 to 100 yards), medium (100 to 500 yards), and long (>500 yards). The short-range riflescope segment is expected to grow at a high CAGR during the forecast period. Short range rifles are characterised by speed and has a high field vision. Furthermore, the long range segment is expected to grow at a high CAGR during the forecast period. Sniper rifles are long range rifles with huge precision and accuracy leading to their wide use in shooting sports and military.
Riflescopes Market Size: By Region
Based on region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America. The Asia-Pacific region is expected to grow at a high CAGR over the coming years, due to its big military base, opportunities in shooting sports and technological advancements. The North America region is expected to hold the largest market share during the forecast period. Furthermore, the Middle East & Africa regional market is expected to grow due to a range of shooting sports, and military operations which is considered to be a significant factor driving the market growth.
Riflescopes Market Share and Competitor analysis
Some of the key players operating in the market include: Burris company, Inc., Trijicon Inc., Nightforce Optics, BSA Optics, Walther Arms, Steiner, Flir Systems, Bushnell Optics, Nikon Optics, Vortex Optics, Leupold & Stevens, Inc., Eotech, Vortex Optics, Primary Armsatn Corporation, Swarovski Optik, Barska, Sightmark, Bae Systems, Plc, and Schmidt & Bender, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Riflescopes Market Report
Riflescopes Market: By Sight Type
- Introduction
- Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- Telescopic
- Telescopic: Riflescopes Market, 2020-2026 (USD Million)
- Reflex
- Reflex: Riflescopes Market, 2020-2026 (USD Million)
Riflescopes Market: By Weapon Compatibility
- Introduction
- Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- Sniper Rifles
- Sniper Rifles: Riflescopes Market, 2020-2026 (USD Million)
- Automatic Rifles
- Automatic Rifles: Riflescopes Market, 2020-2026 (USD Million)
Riflescopes Market: By End-User
- Introduction
- Riflescopes Market, By End-User, 2020-2026 (USD Million)
- Commercial
- Commercial: Riflescopes Market, 2020-2026 (USD Million)
- Defense
- Defense: Riflescopes Market, 2020-2026 (USD Million)
Riflescopes Market: By Application
- Introduction
- Riflescopes Market, By Application, 2020-2026 (USD Million)
- Shooting Sports
- Shooting Sports: Riflescopes Market, 2020-2026 (USD Million)
- Armed Forces
- Armed Forces: Riflescopes Market, 2020-2026 (USD Million)
- Hunting
- Hunting: Riflescopes Market, 2020-2026 (USD Million)
Riflescopes Market: By Technology
- Introduction
- Riflescopes Market, By Technology, 2020-2026 (USD Million)
- EO/IR
- EO/IR: Riflescopes Market, 2020-2026 (USD Million)
- Laser
- Laser: Riflescopes Market, 2020-2026 (USD Million)
- Thermal Imaging
- Thermal Imaging: Riflescopes Market, 2020-2026 (USD Million)
Riflescopes Market: By Range
- Introduction
- Riflescopes Market, By Range, 2020-2026 (USD Million)
- Short (50 to 100 yards)
- Short (50 to 100 yards): Riflescopes Market, 2020-2026 (USD Million)
- Medium (100 to 500 yards)
- Medium (100 to 500 yards): Riflescopes Market, 2020-2026 (USD Million)
- Long (>500 yards)
- Long (>500 yards): Riflescopes Market, 2020-2026 (USD Million)
Riflescopes Market: By Function
- Introduction
- Riflescopes Market, By Function, 2020-2026 (USD Million)
- Day Sights
- Day Sights: Riflescopes Market, 2020-2026 (USD Million)
- Night Sights
- Night Sights: Riflescopes Market, 2020-2026 (USD Million)
Riflescopes Market: By Region
- Introduction
- Global Riflescopes Market, Regional Analysis, 2020-2026 (USD Million)
- North America
- North America Riflescopes Market, Regional Analysis, 2020-2026 (USD Million)
- By Sight Type
- North America Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- North America Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- North America Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- North America Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- North America Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- North America Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- North America Riflescopes Market, By Function, 2020-2026 (USD Million)
- By Country
- U.S
- By Sight Type
- U.S Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- U.S Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- U.S Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- U.S Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- U.S Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- U.S Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- U.S Riflescopes Market, By Function, 2020-2026 (USD Million)
- Canada.
- By Sight Type
- Canada Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- Canada Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- Canada Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- Canada Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- Canada Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- Canada Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- Canada Riflescopes Market, By Function, 2020-2026 (USD Million)
- Mexico
- By Sight Type
- Mexico Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- Mexico Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- Mexico Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- Mexico Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- Mexico Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- Mexico Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- Mexico Riflescopes Market, By Function, 2020-2026 (USD Million)
- Europe
- Europe Riflescopes Market, Regional Analysis, 2020-2026 (USD Million)
- By Sight Type
- Europe Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- Europe Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- Europe Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- Europe Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- Europe Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- Europe Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- Europe Riflescopes Market, By Function, 2020-2026 (USD Million)
- By Country
- Germany
- By Sight Type
- Germany Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- Germany Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- Germany Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- Germany Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- Germany Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- Germany Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- Germany Riflescopes Market, By Function, 2020-2026 (USD Million)
- UK
- By Sight Type
- UK Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- UK Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- UK Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- UK Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- UK Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- UK Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- UK Riflescopes Market, By Function, 2020-2026 (USD Million)
- France
- By Sight Type
- France Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- France Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- France Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- France Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- France Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- France Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- France Riflescopes Market, By Function, 2020-2026 (USD Million)
- Italy
- By Sight Type
- Italy Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- Italy Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- Italy Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- Italy Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- Italy Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- Italy Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- Italy Riflescopes Market, By Function, 2020-2026 (USD Million)
- Rest Of Europe
- By Sight Type
- Rest Of Europe Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- Rest Of Europe Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- Rest Of Europe Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- Rest Of Europe Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- Rest Of Europe Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- Rest Of Europe Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- Rest Of Europe Riflescopes Market, By Function, 2020-2026 (USD Million)
- Asia Pacific
- Asia Pacific Riflescopes Market, Regional Analysis, 2020-2026 (USD Million)
- By Sight Type
- Asia Pacific Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- Asia Pacific Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- Asia Pacific Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- Europe Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- Asia Pacific Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- Asia Pacific Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- Asia Pacific Riflescopes Market, By Function, 2020-2026 (USD Million)
- By Country
- China
- By Sight Type
- China Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- China Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- China Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- China Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- China Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- China Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- China Riflescopes Market, By Function, 2020-2026 (USD Million)
- Japan
- By Sight Type
- Japan Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- Japan Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- Japan Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- Japan Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- Japan Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- Japan Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- Japan Riflescopes Market, By Function, 2020-2026 (USD Million)
- India
- By Sight Type
- India Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- India Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- India Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- India Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- India Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- India Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- India Riflescopes Market, By Function, 2020-2026 (USD Million)
- Central & South America
- Central & South America Riflescopes Market, Regional Analysis, 2020-2026 (USD Million)
- By Sight Type
- Central & South America Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- Central & South America Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- Central & South America Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- Central & South America Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- Central & South America Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- Central & South America Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- Central & South America Riflescopes Market, By Function, 2020-2026 (USD Million)
- By Country
- Brazil
- By Sight Type
- Brazil Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- Brazil Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- Brazil Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- Brazil Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- Brazil Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- Brazil Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- Brazil Riflescopes Market, By Function, 2020-2026 (USD Million)
- Middle East & Africa
- Middle East & Africa Riflescopes Market, Regional Analysis, 2020-2026 (USD Million)
- By Sight Type
- Middle East & Africa Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- Middle East & Africa Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- Middle East & Africa Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- Middle East & Africa Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- Middle East & Africa Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- Middle East & Africa Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- Middle East & Africa Riflescopes Market, By Function, 2020-2026 (USD Million)
- By Country
- Saudi Arabia
- By Sight Type
- Saudi Arabia Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- Saudi Arabia Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- Saudi Arabia Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- Saudi Arabia Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- Saudi Arabia Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- Saudi Arabia Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- Saudi Arabia Riflescopes Market, By Function, 2020-2026 (USD Million)
- UAE
- By Sight Type
- UAE Riflescopes Market, By Sight Type, 2020-2026 (USD Million)
- By Weapon Compatibility
- UAE Riflescopes Market, By Weapon Compatibility, 2020-2026 (USD Million)
- By End-User
- UAE Riflescopes Market, By End-User, 2020-2026 (USD Million)
- By Application
- UAE Riflescopes Market, By Application, 2020-2026 (USD Million)
- By Technology
- UAE Riflescopes Market, By Technology, 2020-2026 (USD Million)
- By Range
- UAE Riflescopes Market, By Range, 2020-2026 (USD Million)
- By Function
- UAE Riflescopes Market, By Function, 2020-2026 (USD Million)
The global Riflescopes Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Riflescopes Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.