Growth in Riflescope Industry: Market Player, Price, Revenue, Share, Trends and Forecast Until 2022
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Riflescope is a telescopic vision usually attached on the top of the rifle. Riflescope helps to enhance vision, improve accuracy, increase rifle range, helps in longer shots, and also helps in scoring better at the shooting competition. There are various types of riflescope available in the market depending on the type of shooting, for instance, riflescope used in hunting will be different from the riflescope used in sports and armed forces. Riflescope also differs in weight, need for riflescope magnification also depends on the target size. 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. Increasing number of people showing interest in shooting sports and rise in new product development with innovative technology by manufacturers are some of the trends driving the demand for a riflescope.
Riflescope to Find Major Application in Hunting
Riflescope is likely to be used majorly in the hunting activities. Gaining nearly half of the share in terms of the revenue by 2017 end, hunting is estimated to create an incremental opportunity surpassing US$ 300 million during 2017-2022. Meanwhile, armed forces are also likely to emerge as the second-largest users of the riflescope.
Telescopic Sights Riflescope to Emerge as a Top-Selling Product
Compared to the reflex sights as a riflescope product, telescopic sights is likely to gain popularity in the global market for riflescope. Accounting for more than half of the share in terms of the revenue by 2017 end, telescopic sights is estimated to create more than US$ 600 million incremental opportunity during 2017-2022. Meanwhile, reflex sights will also gain more than one-fourth of the share in terms of the revenue by 2017 end.
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.
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Table of Content:
1. Global Riflescope Market – Executive Summary
2. 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
3. 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
220.127.116.11. Revenue (US$ Mn) Comparison, By Region
18.104.22.168. Market Share Comparison, By Region
22.214.171.124. Y-o-Y growth Comparison, By Region
3.1.2. Reflex sights Market Size and Forecast, 2012-2022
126.96.36.199. Revenue (US$ Mn) Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
184.108.40.206. Y-o-Y growth Comparison, By Region
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