Press release
Global Firearm Sight Market Worth $2.04 Billion by 2029, Growing at 5% CAGR
Firearm Sight Market
Firearm Sight Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market for firearm sights has seen a steady increase in size over the recent past. It is projected to expand from $1.61 billion in 2024 to $1.68 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 4.1%. The growth experienced during the historical period can be credited to factors such as the demand from the military and defense sectors, the expanding civilian market, the impact of law enforcement requirements, and the development of night vision sights.
What Is the Expected CAGR for the Firearm Sight Market Growth Through 2029?
The size of the firearm sight market is predicted to undergo continuous expansion in the coming years, reaching $2.04 billion in 2029 with a compound annual growth rate (CAGR) of 5.0%. The growth during the forecast period can be linked to the rapid progression of reflex sights, the ability to customize and develop modular systems, advances in construction and materials, the increase in terrorism. Significant trends expected during this forecast period include intelligent optical advancements, customizable and modular systems, user-friendly control systems and interfaces, improvement in training functionalities, and wireless connectivity integration.
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What Are the Primary Drivers Behind Firearm Sight Market Growth?
The expansion of the firearm sight market is anticipated to be driven by surging military spending. The reference to military expenditure is basically the total cost a nation allocates towards its military initiatives and resources. The spending on military expenditure is directed towards the acquisition of new systems, improvement of current systems, as well as the research, development, examination, and validation of innovative systems, all of which contribute to the market's progression. For example, the Ministry of Defence, a government department in the UK that handles national defense, disclosed in April 2024 that the budget for defense escalated from $68.63 billion in 2022/23 to $70.45 billion in 2023/24. Consequently, the upward trend of defense spending is fueling the growth of the firearm sight market.
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What Are the Key Segments Driving Firearm Sight Market Growth?
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
What Are the Technological Trends Impacting the Firearm Sight Market?
Leading businesses in the firearm market are concentrating their efforts on the development of advanced weaponry, such as innovative handguns, tailored towards the needs of both hobbyist shooters and professional users. These innovative pistols boast state-of-the-art design and technologies to boost performance, reliability, and user engagement. For example, Heckler & Koch USA, an American firearm production company, launched the brand-new CC9 pistol in October 2024. The newly unveiled CC9 pistol comes with a design ready to integrate with optic devices, such as red dot sights, which significantly improves target spotting for users. The firearm is fitted with a tritium front sight and a blacked-out rear sight, ensuring superior visibility across different light settings. This ultra-compact firearm perfectly blends advanced ergonomics and adaptability, marking it ideal for concealed carrying as well as daily usage while maintaining its reliability due to strict testing benchmarks.
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Who Are the Major Competitors in the Global Firearm Sight Market?
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 Region Dominates the Firearm Sight Market Share in 2025?
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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