Press release
Rising Global Military Expenditure Fuels Growth In Firearm Sight Market Driving Market Acceleration in the Firearm Sight Industry, 2025
Firearm Sight
What Will the Firearm Sight Industry Market Size Be by 2025?
The market size of firearm sights has been experiencing consistent enlargement in the past years. It is projected to increase from a value of $1.61 billion in 2024 to an estimated $1.68 billion in 2025, seeing a compound annual growth rate (CAGR) of 4.5%. The expansion during the historical period can be credited to demand from military and defense sectors, growth of the civilian market, the impact of law enforcement requirements, and the advent of night vision sights.
What's the Long-Term Growth Forecast for the Firearm Sight Market Size Through 2029?
The market size for firearm sights is projected to experience consistent expansion in the upcoming years, reaching a value of $2.04 billion by 2029 with a compound annual growth rate (CAGR) of 4.9%. The forecasted growth can be linked to the swift progression of reflex sights, customizable and modular systems, improvements in materials and building techniques, and an uptick in terror activities. Notable trends during the projection period comprise smart optical advancements, personalizable and modular systems, intuitive controls and user interfaces, upgrades in training capabilities, as well as wireless connectivity and integration.
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What Are the Key Growth Drivers Fueling the Firearm Sight Market Expansion?
The firearm sight market's expansion is anticipated to be boosted by escalating military spending. Military expenditure covers the costs a nation incurs on military activities or resources. This expenditure is utilized in procuring new systems, upgrading existing ones, and conducting research, development, examination, and evaluation of innovative systems that can stimulate market growth. To illustrate, the UK's Ministry of Defence reported in April 2024 that defense spending escalated from $68.63 billion in 2022/23 to $70.45 billion in 2023/24. Therefore, the rise in defense spending is propelling the growth of the firearm sight market.
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What Are the Key Trends Driving Firearm Sight Market Growth?
Leading corporations in the firearm industry are putting significant efforts into creating superior products like innovative pistols in order to cater to the requirements of recreational shooters as well as professionals. Innovative pistols are firearms that amalgamate modern design and technology to augment performance, reliability, and the overall user experience. For instance, Heckler & Koch USA, a renowned firearm manufacturer from the United States, unveiled their brand new CC9 pistol in October 2024. This new model has been designed to be optics-ready, equipped to accommodate red dot sights which improve target acquisition significantly for the users. It comes with a tritium front sight and a muted, blacked-out rear sight that guarantees optimum visibility under diverse lighting conditions. Designed with superior ergonomic features and modularity, this micro-compact weapon is perfect for concealed carry and routine use, all the while meeting strict testing norms to ensure absolute reliability.
How Is the Firearm Sight Market Segmented?
The firearm sight market covered in this report is segmented -
1) By Type: Full Size, Microdots, Mini Reflex
2) By Platform: Ground-Based, Air-Based, Sea-Based
3) By Application: Hunting, Armed Forces, Other Applications
Subsegments:
1) By Full Size: Standard Red Dot Sights, Reflex Sights, Holographic Sights
2) By Microdots: Compact Red Dot Sights, Miniature Reflex Sights
3) By Mini Reflex: Pistol-mounted Mini Reflex Sights, Shotgun Mini Reflex Sights
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Which Companies Are Leading the Charge in Firearm Sight Market Innovation?
Major companies operating in the firearm sight market include Nikon Sport Optics, Lucid Optics, SIG Sauer, Swarovski Optik KG., Leupold & Stevens Inc., Burris Company Inc., Vortex Optics, Bushnell Inc., Sellmark Corporation., Trijicon Inc, Meopta USA Inc, EOTech Inc., Meprolight, Crimson Trace Corporation, Primary Arms LLC, Leapers Inc., KAHLES Gesellschaft M.b.H., Steiner EOptics Inc, Holosun Technologies Inc, TruGlo Inc, Athlon Optics, Lightforce USA Incorporated., High Speed Gear, Aimpoint AB, NcSTAR Inc., DI Optical, Swampfox Optics, Delta Optical Thin Film A/S., Command Arms Accessories LLC, Black Spider LLC, Trijicon Electro Optics, Birmingham Small Arms Company Limited., Firefield, Docter Optics SE., Pulsar
Which Regions Are Leading the Global Firearm Sight Market in Revenue?
North America was the largest region in the firearm sight market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the firearm sight market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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