Riflescopes Market: By Technology, By Sight Type, By Range, By Application, and Region Forecast 2019-2030
Riflescopes Market: By Technology, By Sight Type, By Range, By Application, and Region Forecast 2019-2030
Riflescopes Market size was valued at US$ 5,372.5 million in 2022 and is expanded to grow at a significant CAGR of 4.5% from 2023-2029. The growing demand for hunting and shooting activities, as well as technological developments in precision attacks, are likely to propel the riflescopes sector forward. However, the market has a barrier in the form of high riflescope costs. Military modernization contracts provide numerous potentials for manufacturers to earn significant market share. The army's demand for exact strikes is projected to drive the riflescope market forward.
Over the last decade, military optical technology has advanced, particularly in telescopic sights. Telescopic sights have allowed militaries to fire precise shots over longer distances than they could with regular infantry weapons. Factors such as rising demand for firearms for shooting sports and hunting and rising shooting ranges worldwide will boost the riflescopes market growth during the forecast period. Various new capabilities are being added to riflescopes to make it easier to aim and shoot. The telescopic segment is anticipated to grow at the fastest CAGR from 2022 to 2028, based on sight type. Telescopic sights are optical telescopes that are equipped with several types of graphic image pattern reticles to provide an exact aiming point. Because of the existing and growing demand for hunting applications, telescopic riflescopes are likely to have a larger market share than reflex riflescopes.
Study Period
2025-2031Base Year
2024CAGR
4.5%Largest Market
Asia-PacificFastest Growing Market
North-America
Technology advances, such as integration with night vision goggles and riflescopes for innovative rifles, are projected to spur the creation of new and more technologically advanced riflescopes. However, factors such as mass shootings, major gun restrictions, and strict anti-shooting legislation stifle the market's growth to some extent. Acquisition costs, scope swapping, and optical aberrations have posed barriers to the worldwide riflescope market's expansion.
The Asia Pacific riflescopes market is anticipated to grow at the highest CAGR from 2022 to 2028. This regional market research looks at countries including China, India, Japan, and South Korea. One of the most significant growth factors for the riflescopes business in China is the country's expanding defense spending. The domestic production base and increased use of attack and spy rifles by China's defense industry are projected to drive the riflescope market. Furthermore, due to advancements in defense research activities, an expanding number of military facilities, and increased demand for rifles and weapons, North America is predicted to have the second-highest share.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2022 |
US$ 5,372.5 million |
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Market CAGR |
4.5% |
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By Technology |
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By Sight Type |
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By Range |
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By Application |
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By Region |
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The global riflescopes market size was valued at US$ 5,372.5 million in 2022 and is projected to grow at a CAGR of 4.5% from 2024-2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The riflescopes market key players are Burris Company, Bushnell, Nightforce Optics, Inc., Hawke Optics, BSA Optics, Vortex Optics
| 1.Executive Summary |
| 2.Global Riflescopes Market Introduction |
| 2.1.Global Riflescopes Market - Taxonomy |
| 2.2.Global Riflescopes Market - Definitions |
| 2.2.1.Technology |
| 2.2.2.Sight Type |
| 2.2.3.Range |
| 2.2.4.Application |
| 2.2.5.Region |
| 3.Global Riflescopes Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Riflescopes Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Riflescopes Market By Technology, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Thermal Imaging |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Laser |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Electro-Optic/IR |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Riflescopes Market By Sight Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Telescopic |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Reflex |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global Riflescopes Market By Range, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. Long |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Medium |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Short |
| 7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global Riflescopes Market By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. Armed Forces |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Hunting |
| 8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Shooting Sports |
| 8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9.Global Riflescopes Market By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Riflescopes Market, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 10.1. Technology Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Thermal Imaging |
| 10.1.2.Laser |
| 10.1.3.Electro-Optic/IR |
| 10.2. Sight Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Telescopic |
| 10.2.2.Reflex |
| 10.3. Range Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Long |
| 10.3.2.Medium |
| 10.3.3.Short |
| 10.4. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Armed Forces |
| 10.4.2.Hunting |
| 10.4.3.Shooting Sports |
| 10.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Riflescopes Market, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 11.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Thermal Imaging |
| 11.1.2.Laser |
| 11.1.3.Electro-Optic/IR |
| 11.2. Sight Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Telescopic |
| 11.2.2.Reflex |
| 11.3. Range Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Long |
| 11.3.2.Medium |
| 11.3.3.Short |
| 11.4. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Armed Forces |
| 11.4.2.Hunting |
| 11.4.3.Shooting Sports |
| 11.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 12.Asia Pacific (APAC) Riflescopes Market, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 12.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Thermal Imaging |
| 12.1.2.Laser |
| 12.1.3.Electro-Optic/IR |
| 12.2. Sight Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Telescopic |
| 12.2.2.Reflex |
| 12.3. Range Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Long |
| 12.3.2.Medium |
| 12.3.3.Short |
| 12.4. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Armed Forces |
| 12.4.2.Hunting |
| 12.4.3.Shooting Sports |
| 12.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Riflescopes Market, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 13.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Thermal Imaging |
| 13.1.2.Laser |
| 13.1.3.Electro-Optic/IR |
| 13.2. Sight Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Telescopic |
| 13.2.2.Reflex |
| 13.3. Range Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Long |
| 13.3.2.Medium |
| 13.3.3.Short |
| 13.4. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Armed Forces |
| 13.4.2.Hunting |
| 13.4.3.Shooting Sports |
| 13.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Riflescopes Market, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 14.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Thermal Imaging |
| 14.1.2.Laser |
| 14.1.3.Electro-Optic/IR |
| 14.2. Sight Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Telescopic |
| 14.2.2.Reflex |
| 14.3. Range Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Long |
| 14.3.2.Medium |
| 14.3.3.Short |
| 14.4. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Armed Forces |
| 14.4.2.Hunting |
| 14.4.3.Shooting Sports |
| 14.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Burris Company |
| 15.2.2.Bushnell |
| 15.2.3.Schmidt & Bender GmbH |
| 15.2.4.Nightforce Optics, Inc. |
| 15.2.5.Hawke Optics |
| 15.2.6.BSA Optics |
| 15.2.7.Vortex Optics |
| 15.2.8.Carl Zeiss AG |
| 15.2.9.Aimpoint |
| 15.2.10.Flir Systems |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
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