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Tactical Optics Market worth $19.73 billion by 2030, growing at a CAGR of 7.32% - Exclusive Report by 360iResearch
Tactical Optics Market | 360iResearch
The Global Tactical Optics Market to grow from USD 12.02 billion in 2023 to USD 19.73 billion by 2030, at a CAGR of 7.32%.
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Tactical optics refers to a range of optical sighting devices designed for use in high-stakes scenarios such as law enforcement, military operations, and personal defense. These optical aids are engineered to enhance the accuracy, speed, and effectiveness of firearms under variable and often challenging conditions. The tactical optics market comprises the manufacturing, distributing, and selling of optical devices designed for use in high-stress, precision-demanding applications, primarily within military, law enforcement, and civilian defense sectors. Rising investment in the global military segment directly translates to greater demand for modern tactical optics. Increasing demand for aircraft and tactical armored vehicles and the rising popularity of shooting sports and hunting among civilians are driving market growth. The higher cost of manufacturing tactical optics and stringent government regulations that govern the use and standards of tactical optics can inhibit market expansion. Technological advancements in tactical optics and the development of hybrid systems for long-range tactical scopes in the electro-optic infrared day and thermal cameras are expected to create opportunities for market development.
The tactical optics market in the Americas is influenced by a strong presence of defense and hunting activities. The United States witnessed this due to its substantial military spending and thriving firearm culture among civilians for hunting and personal defense. There is significant demand for scopes, holographic sights, and night vision optics, driven by both law enforcement and civilian gun enthusiasts. The APAC region shows a diverse tactical optics market, with countries such as China, India, and Japan significantly investing in defense sectors. The market growth in Asia-Pacific is due to increased military modernization programs and territorial security concerns. Additionally, the civilian market is expanding with rising interest in shooting sports and hunting in countries where they are regulated activities. In the EMEA region, the market is segmented due to differing regulations and market maturity. Europe has a well-established market with a high demand for quality tactical optics used by military units and civilian sports shooters. In contrast, the Middle East and Africa are experiencing growing demand due to increased security challenges and ongoing military conflicts.
Market Segmentation & Coverage:
This research report categorizes the Tactical Optics Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Cameras & Displays, Handheld Sighting Devices, and Weapon Scopes & Sights. The Cameras & Displays is further studied across Electro-Optic/Infrared Cameras, Head-mounted Displays, and Thermal Cameras. The Handheld Sighting Devices is further studied across Binoculars & Monoculars, Night Vision Goggles, Rangefinders, Spotter Scopes, and Target Acquisition & Surveillance Systems. The Weapon Scopes & Sights is further studied across Electro-Optic/Infrared Sights, Night Vision Scopes, and Riflescopes. The Weapon Scopes & Sights is projected to witness significant market share during forecast period.
Based on Range, market is studied across Long Range (More than 25 km), Medium Range (3 km to 25 km), and Short Range (Less than 3 km). The Medium Range (3 km to 25 km) is projected to witness significant market share during forecast period.
Based on Platform, market is studied across Airborne, Ground, and Naval. The Naval is projected to witness significant market share during forecast period.
Based on Application, market is studied across Border & Coastal Patrolling, Intelligence, Surveillance & Reconnaissance, Search & Rescue, and Target Acquisition & Identification. The Border & Coastal Patrolling is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Manned Platform, Soldier, Unmanned Platform, and Weapon Mounted. The Manned Platform is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.42% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Tactical Optics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Tactical Optics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Tactical Optics Market, highlighting leading vendors and their innovative profiles. These include Aimpoint️ Inc., Athlon Optics, ATN Corporation, BAE Systems PLC, BSA Optics, Burris Company by Beretta Holding S.p.A., Bushnell Corporation, Carl Zeiss AG, Elbit Systems Ltd., Esco Optics, Inc., GPO GmbH, Hawke, HENSOLDT AG, Kongsberg Gruppen AS, L3 Harris Technologies, Leapers, Inc., Meprolight by SK Group, Nikko Stirling LTD, Raytheon Technologies Corporation, Sig Sauer, Inc., Stumpp, Schuele & Somappa Springs Pvt. Ltd., Thales Group, U.S. Optics, Vector Optics, and Vortex Optics.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Tactical Optics Market, by Product
7. Tactical Optics Market, by Range
8. Tactical Optics Market, by Platform
9. Tactical Optics Market, by Application
10. Tactical Optics Market, by End-Use
11. Americas Tactical Optics Market
12. Asia-Pacific Tactical Optics Market
13. Europe, Middle East & Africa Tactical Optics Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Tactical Optics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Tactical Optics Market?
3. What is the competitive strategic window for opportunities in the Tactical Optics Market?
4. What are the technology trends and regulatory frameworks in the Tactical Optics Market?
5. What is the market share of the leading vendors in the Tactical Optics Market?
6. What modes and strategic moves are considered suitable for entering the Tactical Optics Market?
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