Riflescopes Market to Garner Staggering Revenues Worth $10.25 Billion By 2027

Riflescopes Market to Garner Staggering
Revenues Worth $10.25 Billion By 2027
“The global riflescopes market size is anticipated to value USD 10.25 billion until 2027.
It is also expected to register a CAGR of 4.8% over the forecasted period, 2020 to 2027.
The rising need for target precision weapons for ensuring border security is expected to
augment the market growth.”
Global Riflescopes Market study includes In-depth Analysis of the market by latest technologies, trends, opportunities,
challenges, key players and business strategies considering types, segment, and future analysis. The Riflescopes Market
Report Provides Growth History, Sales Channel, Manufacturers Profiled in Riflescopes Business, Market Share of
Product, Application and Regional Scope of Riflescopes which makes the research report a helpful resource for
marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential
investors to understand the present as well as future market size, situations in terms of growth rate and revenue. This
report will help the viewer in Better Decision Making.
The global riflescopes market size is anticipated to value USD 10.25 billion until 2027. It is also expected to register a
CAGR of 4.8% over the forecasted period, 2020 to 2027. The rising need for target precision weapons for ensuring
border security is expected to augment the market growth.
The telescopic sight type segment held the dominant share of 72.9% across the global market owing to its feature of
providing enhanced optical clarity. The reflex segment is anticipated to gain substantial growth in the upcoming years
due to their red dot scope of the feature that works similar to the mirror.
The segment of armed forces dominated the global market with an 80.2% share in 2019 on account of the surge in the
demand for defense rifles. On the other hand, the shooting sports application segment accounted for substantial growth
across the global market from 2020 to 2027 due to the rising number of outdoor sporting events.
In 2019, North America held the largest share of 33.0% across the global market owing to the increase in military
spending across the U.S. While, the Asia Pacific is expected to account for the highest CAGR of 6.2% over the forecasted
period, 2020 to 2027 due to the emergence of leading armed forces across India, China, North Korea and Japan coupled
with an increasing number of border-related conflicts in countries like India and Afghanistan.
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The riflescope market across the globe includes key players such as Hensoldt, Hawke Optics, Nightforce Optics, Leupold
& Stevens, Inc, and Bushnell. Product innovation and development is carried out by the key players to widen their
geographical reach and product portfolio.
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Further key findings from the report suggest:
• In 2019, the electro-optic technology segment held the dominant share of 59.8% across the global market.
• The shooting sports application segment accounted for substantial growth across the global market from 2020 to
2027.
• North America accounted for the highest share of 33.0% across the global market in 2019.
• The key players operating in this market are Hensoldt, Hawke Optics, Nightforce Optics, Leupold & Stevens, Inc, and
Bushnell.
Million Insights has segmented the global riflescopes market on the basis of sight type, technology, application and
region:
Riflescopes Sight Type Outlook (Revenue, USD Million, 2016 - 2027)
• Telescopic
• Reflex
Riflescopes Technology Outlook (Revenue, USD Million, 2016 - 2027)
• Electro-Optic

• Thermal Imaging
• Laser
Riflescopes Application Outlook (Revenue, USD Million, 2016 - 2027)
• Hunting
• Armed Forces
• Shooting Sports
Riflescopes Regional Outlook (Revenue, USD Million, 2016 - 2027)
• North America
• The U.S.
• Canada
• Mexico
• Europe
• The U.K.
• Germany
• France
• Russia
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa (MEA)
• Saudi Arabia
• Iran
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