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.
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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.
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.
Table of Contents
Chapter 1 riflescopes Market Overview
1.1 riflescopes Definition
1.2 riflescopes Market Size Status and Outlook (2020-2027)
1.3 Global riflescopes Market Size Comparison by Region (2020-2027)
1.4 Global riflescopes Market Size Comparison by Type (2020-2027)
1.5 Global riflescopes Market Size Comparison by Application (2020-2027)
1.6 Global riflescopes Market Size Comparison by Sales Channel (2020-2027)
1.7 riflescopes Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/ Expansion)
Chapter 2 riflescopes Market Segment Analysis by Player
Chapter 3 riflescopes Market Segment Analysis by Type
And Continue…
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