Market Research on Riflescope Industry Revealing the Opportunities, Trends, Demand and Top Players of the Industry, Reviewed till 2022
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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.
3 Forecast Highlights on Global Riflescope Market
1. North America is expected to remain dominant in the global riflescope market. North America riflescope market is projected to surpass US$ 2,200 million revenue by the end of 2022. Rising interest towards shooting as a sport and increasing adoption of riflescope in defense are some of the factors fueling the growth of riflescope market in North America.
2. Europe is also anticipated to witness growth during the forecast period. Owing to the increase in animal hunting activities, introduction of modernization program for soldiers, the demand for riflescope with advanced features is increasing, resulting in the growth of Europe riflescope market.
3. Telescopic sights is expected to be one of the highly preferred riflescope product. By the end of 2022, telescopic sights is projected to surpass US$ 3,700 million revenue. It is also anticipated to account for nearly three-fourth of the revenue share by the end of 2017.
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.
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.
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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
18.104.22.168. Revenue (US$ Mn) Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
3.1.2. Reflex sights Market Size and Forecast, 2012-2022
188.8.131.52. Revenue (US$ Mn) Comparison, By Region
184.108.40.206. Market Share Comparison, By Region
220.127.116.11. Y-o-Y growth Comparison, By Region
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