The global Riflescopes & Red Dot Sight Market size is expected to reach USD 9.8 billion by 2026 according to a new study by Polaris Market Research. Th Riflescopes & Red Dot Sight e report “Riflescopes & Red Dot Sight Market Share, Size, Trends, Industry Analysis Report By Magnification ( 1-8x, 8-15x, >15x); By Sight Type (Telescopic, Reflex); By Red Dot Sight Type (Full size, Microdots, Mini Reflex); By Technology (Electro-Optic/IR, Thermal Imaging, Laser); By Application (Hunting, Armed Forces, Shooting Sports); By Range (Short, Medium, Long), By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The Riflescopes Market is projected to witness a significant growth over the forecast period. Development of novel products, growing focus of governments across the globes on armed forces modernization, widening scale of anti-terrorist activities and broad product portfolio offered by companies are some of the factors benefitting the market growth.
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North America was the largest regional market segment in 2019 while Asia Pacific was the fastest growing segment. Possessing a firearm is quite common in the U.S. In fact, studies conducted in the country have concluded that the firearm possession per family is very high in the country, higher than most countries across the globe. In addition, major market participants have strong presence in the country. Such trends are benefitting the riflescope demand in the U.S. thus also favoring the regional market growth.
The leading players in the Riflescope & Red Dot Sight Market include Bushnell, Schmidt & Bender GmbH & Co. Kg, Leupold & Stevens, Inc., Hawke Optics, Hensoldt, Burris Company, Vortex Optics, Aimpoint, Nightforce Optics, Inc., Nikon, BSA Optics, Flir Systems, Sig Sauer, Steiner, Leica Camera, Carl Zeiss AG, Trijicon, Inc., Eotech, U.S. Optics , and Primary Arms among others. These players are expanding their presence across various geographies and entering new markets such as China and India to increase their revenues. These riflescope industry participants are also introducing new innovative products to suit the customized needs of their clients.
Riflescope Range Outlook (Revenue, USD Billion, 2015 – 2026)
Middle East & Africa
· Saudi Arabia
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