Riflescope Market Report: Trends, Forecast and Competitive Analysis to 2030

Riflescope Trends and Forecast

The future of the global riflescope market looks promising with opportunities in the armed force, haunting, and shooting sport markets. The global riflescope market is expected to reach an estimated $8.8 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are improvement in precision attack riflescope technology and growing popularity of hunting and shooting sports.

A more than 150-page report is developed to help in your business decisions.

Riflescope by Segment

The study includes a forecast for the global riflescope by sight type, application, end use, and region.

Riflescope Market by Sight type [Shipment Analysis by Value from 2018 to 2030]:

• Telescopic
• Reflex

Riflescope Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Armed Force
• Haunting
• Shooting Sport
• Others

Riflescope Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Defense
• Commercial
• Others

Riflescope Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Riflescope Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies riflescope companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the riflescope companies profiled in this report include-

• Sig Sauer
• Vortex Optics
• Leupold & Stevens
• Burris Company
• Trijicon

Riflescope Market Insights

Lucintel forecasts that telescopic is expected to witness the highest growth over the forecast period due to their accuracy and rising demand for hunting applications.

Within this market, armed force is expected to witness the highest growth due to growing military modernization programs in various countries.

APAC is expected to witness highest growth over the forecast period due to presence of strong domestic production base and growing consumption of assault & sniper rifles by the defense sector of the region.

Features of the Global Riflescope Market

Market Size Estimates: Riflescope market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Riflescope market size by sight type, application, end use, and region in terms of value ($B).

Regional Analysis: Riflescope market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different sight types, applications, end uses, and regions for the riflescope market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the riflescope market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the riflescope market size?

Answer: The global riflescope market is expected to reach an estimated $8.8 billion by 2030.

Q2. What is the growth forecast for riflescope market?

Answer: The global riflescope market is expected to grow with a CAGR of 4.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the riflescope market?

Answer: The major drivers for this market are improvement in precision attack riflescope technology and growing popularity of hunting and shooting sports.

Q4. What are the major segments for riflescope market?

Answer: The future of the riflescope market looks promising with opportunities in the armed force, haunting, and shooting sport markets.

Q5. Who are the key riflescope market companies?

Answer: Some of the key riflescope companies are as follows.

• Sig Sauer
• Vortex Optics
• Leupold & Stevens
• Burris Company
• Trijicon

Q6. Which riflescope market segment will be the largest in future?

Answer: Lucintel forecasts that telescopic is expected to witness the highest growth over the forecast period due to their accuracy and rising demand for hunting applications.

Q7. In riflescope market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to presence of strong domestic production base and growing consumption of assault & sniper rifles by the defense sector of the region.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the riflescope market by sight type (telescopic and reflex), application (armed force, haunting, shooting sport, and others), end use (defense, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?