HOME Top Market Reports Riflescope Market by Sight Type (Telescopic Sight, Reflex Sight), Technology (Electro Optic, Thermal Imaging/ Infrared, Laser ), Application (Hunting, Armed Forces, Shooting Sports), and Region - Global Forecast to 2022

Riflescope Market by Sight Type (Telescopic Sight, Reflex Sight), Technology (Electro Optic, Thermal Imaging/ Infrared, Laser ), Application (Hunting, Armed Forces, Shooting Sports), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: March 2017
Report Code: AS 5062

 

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The market is estimated to grow from USD 5.36 Billion in 2016 to USD 6.87 Billion in 2022, at a CAGR of 4.24% during the forecast period. Increase in the growth of the market size can be attributed to the rise in popularity of hunting activity in North America and Europe. This report forecasts the riflescope market and its dynamics over the next six years, while also recognizing market application gaps, recent developments in the market, and high potential countries. The objectives of the report are to study the factors influencing the market, map major industry players and competitor landscaping. The year 2015 has been considered as the base year and the forecast period is from 2016 to 2022.

The market size estimations for various segments and subsegments of the riflescope market were arrived at through extensive secondary research and government sources such as company website, corporate filings such as annual reports, investor presentations, and financial statements, and trade, business, and professional associations, among others. orroboration with primaries and further market triangulation with the help of statistical techniques using econometric tools were carried out. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

Riflescope Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the market comprises manufacturers, raw material suppliers, distributors, and end users. The key end users of the market are civilians and Armed Forces. Key manufacturers in the riflescope market are Bushnell Optics (U.S.), Leupold & Stevens (U.S.), Burris Optics (U.S.), Vortex Optics (U.S.), and Nikon Optics (U.S.).

“This study answers several questions for stakeholders, primarily, which segments to focus on over the next six years for prioritizing efforts and investments.”

Target Audience

  • Original Equipment Manufacturers (OEMs)
  • Regulatory Bodies
  • Component Suppliers
  • Military
  • Technology Providers
  • Distributors

Scope of the report

This research report categorizes the riflescope market into the following segments and subsegments:

  • Market, By Sight type
    • Telescopic
    • Reflex
  • Market, By Technology
    • Electro Optic
    • Thermal Imaging/Infrared
    • Laser
  • Market, By Application
    • Hunting
    • Shooting Sports
    • Armed Forces
  • Market, By Region
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World (RoW)

Customizations available for the report

With the given market data, MarketsandMarkets offers customizations as per specific needs of a company. The following customization options are available for the report:

  • Country-level Analysis
    • Comprehensive market projections for countries categorized under the Rest of Europe, the Rest of Asia-Pacific, and the Rest of the World
  • Company Information
    • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Riflescope Market, 2016-2022
    4.2 Riflescope, By Application
    4.3 Riflescope, By Sight Type
    4.4 Riflescope, By Technology
    4.5 Riflescope, By Region
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 34)
    5.1 Introduction
           5.1.1 Riflescope Market
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in Use of Riflescopes in Hunting and Shooting Sports is Expected to Drive the Market
                    5.2.1.1 Advancement in Riflescope Technology for Precision Attack
           5.2.2 Restraints
                    5.2.2.1 Ban on Hunting
           5.2.3 Opportunities
                    5.2.3.1 Military Upgradation Programs to Drive the Demand for Advanced Riflescopes
           5.2.4 Challenges
                    5.2.4.1 High Cost of Riflescopes

6 Industry Trends (Page No. - 38)
    6.1 Introduction
    6.2 Technology Trends
           6.2.1 Fiber Laser Technology
           6.2.2 Advanced Ballistic Calculators
           6.2.3 Miniaturized Electro Optics
           6.2.4 Precision-Guided Firearm
           6.2.5 Rapid Adaptive Zoom for Assault Rifles (RAZAR)
    6.3 Innovation & Patent Registrations

7 Market, By Sight Type (Page No. - 41)
    7.1 Introduction
    7.2 Telescopic
    7.3 Reflex

8 Market, By Technology (Page No. - 45)
    8.2 Introduction
    8.3 Electro Optic
    8.4 Thermal Imaging/Infrared
    8.5 Laser

9 Market, By Application (Page No. - 50)
    9.1 Introduction
    9.2 Hunting
    9.3 Armed Forces
    9.4 Shooting Sports

10 Market, By Region (Page No. - 55)
     10.1 Introduction
     10.2 North America
             10.2.1 By Application
             10.2.2 By Sight Type
             10.2.3 By Technology
             10.2.4 By Country
                        10.2.4.1 U.S.
                                     10.2.4.1.1 By Application
                                     10.2.4.1.2 By Sight Type
                                     10.2.4.1.3 By Technology
                        10.2.4.2 Canada
                                     10.2.4.2.1 By Application
                                     10.2.4.2.2 By Sight Type
                                     10.2.4.2.3 By Technology
     10.3 Europe
             10.3.1 By Application
             10.3.2 By Sight Type
             10.3.3 By Technology
             10.3.4 By Country
                        10.3.4.1 U.K.
                                     10.3.4.1.1 By Application
                                     10.3.4.1.2 By Sight Type
                                     10.3.4.1.3 By Technology
                        10.3.4.2 Russia
                                     10.3.4.2.1 By Application
                                     10.3.4.2.2 By Sight Type
                                     10.3.4.2.3 By Technology
                        10.3.4.3 Germany
                                     10.3.4.3.1 By Application
                                     10.3.4.3.2 By Sight Type
                                     10.3.4.3.3 By Technology
                        10.3.4.4 France
                                     10.3.4.4.1 By Application
                                     10.3.4.4.2 By Sight Type
                                     10.3.4.4.3 By Technology
                        10.3.4.5 Italy
                                     10.3.4.5.1 By Application
                                     10.3.4.5.2 By Sight Type
                                     10.3.4.5.3 By Technology
                        10.3.4.6 Spain
                                     10.3.4.6.1 By Application
                                     10.3.4.6.2 By Sight Type
                                     10.3.4.6.3 By Technology
                        10.3.4.7 Ukraine
                                     10.3.4.7.1 By Application
                                     10.3.4.7.2 By Sight Type
                                     10.3.4.7.3 By Technology
                        10.3.4.8 Netherlands
                                     10.3.4.8.1 By Application
                                     10.3.4.8.2 By Sight Type
                                     10.3.4.8.3 By Technology
     10.4 Asia-Pacific
             10.4.1 By Application
             10.4.2 By Sight Type
             10.4.3 By Technology
             10.4.4 By Country
                        10.4.4.1 China
                                     10.4.4.1.1 By Application
                                     10.4.4.1.2 By Sight Type
                                     10.4.4.1.3 By Technology
                        10.4.4.2 India
                                     10.4.4.2.1 By Application
                                     10.4.4.2.2 By Sight Type
                                     10.4.4.2.3 By Technology
                        10.4.4.3 Australia
                                     10.4.4.3.1 By Application
                                     10.4.4.3.2 By Sight Type
                                     10.4.4.3.3 By Technology
                        10.4.4.4 Japan
                                     10.4.4.4.1 By Application
                                     10.4.4.4.2 By Sight Type
                                     10.4.4.4.3 By Technology
                        10.4.4.5 South Korea
                                     10.4.4.5.1 By Application
                                     10.4.4.5.2 By Sight Type
                                     10.4.4.5.3 By Technology
     10.5 Rest of the World (RoW)
             10.5.1 By Application
             10.5.2 By Sight Type
             10.5.3 By Technology
             10.5.4 By Country
                        10.5.4.1 Israel
                                     10.5.4.1.1 By Application
                                     10.5.4.1.2 By Sight Type
                                     10.5.4.1.3 By Technology
                        10.5.4.2 Mexico
                                     10.5.4.2.1 By Application
                                     10.5.4.2.2 By Sight Type
                                     10.5.4.2.3 By Technology

11 Competitive Landscape (Page No. - 93)
     11.1 Introduction
     11.2 Brand Analysis
     11.3 Rank Analysis
     11.4 Competitive Situations and Trends
             11.4.1 Contracts
             11.4.2 New Product Launches

12 Company Profiles (Page No. - 99)
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 Introduction
     12.2 Bushnell
     12.3 Leupold & Stevens, Inc.
     12.4 Burris Optics
     12.5 Schmidt & Bender
     12.6 Nightforce Optics
     12.7 Hawke Optics
     12.8 BSA Optics
     12.9 Hensoldt
     12.10 Vortex Optics
     12.11 Walther Arms

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

13 Appendix (Page No. - 118)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (87 Tables)

Table 1 Regional Analysis of Riflescope Applications
Table 2 Military Upgradation Programs
Table 3 Technology Mapping
Table 4 Important Innovation & Patent Registrations, 2001-2016
Table 5 Riflescope for Sight Type, By Region, 2014–2022 (USD Million)
Table 6 Telescopic Segment, By Region, 2014–2022 (USD Million)
Table 7 Reflex Segment, By Region, 2014–2022 (USD Million)
Table 8 Riflescope Technology Market Size, By Region, 2014–2022 (USD Million)
Table 9 Electro Optic Segment, By Region, 2014–2022 (USD Million)
Table 10 Thermal Imaging/Infrared Segment, By Region, 2014–2022 (USD Million)
Table 11 Laser Segment, By Region, 2014–2022 (USD Million)
Table 12 Market Size, By Application, 2014–2022 (USD Million)
Table 13 Riflescope Application Market, By Region, 2014–2022 (USD Million)
Table 14 Hunting Segment, By Region, 2014–2022 (USD Million)
Table 15 Armed Forces Segment, By Region, 2014–2022 (USD Million)
Table 16 Shooting Sports Segment, By Region, 2014–2022 (USD Million)
Table 17 Market Size, By Region, 2014-2022 (USD Million)
Table 18 North America Riflescope Size, By Application, 2014-2022 (USD Million)
Table 19 North America Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 20 North America Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 21 North America Riflescope Size, By Country, 2014-2022 (USD Million)
Table 22 U.S. Riflescope Size, By Application, 2014-2022 (USD Million)
Table 23 U.S. Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 24 U.S. Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 25 Canada Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 26 Canada Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 27 Canada Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 28 Europe Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 29 Europe Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 30 Europe Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 31 Europe Riflescope Market Size, By Country, 2014-2022 (USD Million)
Table 32 U.K. Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 33 U.K. Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 34 U.K. Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 35 Russia Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 36 Russia Riflescope Size, By Sight Type, 2016-2022 (USD Million)
Table 37 Russia Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 38 Germany Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 39 Germany Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 40 Germany Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 41 France Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 42 France Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 43 France Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 44 Italy Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 45 Italy Riflescope  Size, By Sight Type, 2014-2022 (USD Million)
Table 46 Italy Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 47 Spain Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 48 Spain Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 49 Spain Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 50 Ukraine Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 51 Ukraine Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 52 Ukraine Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 53 Netherlands Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 54 Netherlands Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 55 Netherlands Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 56 Asia-Pacific Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 57 Asia-Pacific Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 58 Asia-Pacific Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 59 Asia-Pacific Riflescope Size, By Country, 2014-2022 (USD Million)
Table 60 China Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 61 China Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 62 China Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 63 India Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 64 India Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 65 India Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 66 Australia Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 67 Australia Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 68 Australia Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 69 Japan Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 70 Japan Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 71 Japan Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 72 South Korea Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 73 South Korea Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 74 South Korea Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 75 RoW Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 76 RoW Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 77 RoW Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 78 RoW Riflescope Size, By Country, 2014-2022 (USD Million)
Table 79 Israel Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 80 Israel Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 81 Israel Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 82 Mexico Riflescope Market Size, By Application, 2014-2022 (USD Million)
Table 83 Mexico Riflescope Size, By Sight Type, 2014-2022 (USD Million)
Table 84 Mexico Riflescope Size, By Technology, 2014-2022 (USD Million)
Table 85 Brand Analysis of Top Players in the Riflescope Market
Table 86 Contracts, January 2011–January 2017
Table 87 New Product Launches, January 2011–January 2017


List of Figures (30 Figures)

Figure 1 Riflescope Market Segmentation
Figure 2 Report Flow
Figure 3 Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Riflescope Market, By Application, 2016 (USD Million)
Figure 9 Riflescope Market, By Technology, 2016 (USD Million)
Figure 10 Riflescope Market, By Technology, 2016 & 2022 (USD Million)
Figure 11 New Product Launches Was the Key Growth Strategy From January 2011 to January 2017
Figure 12 Rising Popularity of Hunting Sports in North America and Europe is Expected to Drive the Riflescope Market
Figure 13 Based on Application, the Armed Forces Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Based on Sight Type, the Reflex Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Based on Technology, the Thermal Imaging/Infrared Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Europe Accounted for the Largest Share of the Riflescope Market in 2016
Figure 17 Europe Riflescope Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 18 Riflescope Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Reflex Segment is Estimated to Grow at the Highest CAGR During the Forecast Period
Figure 20 Thermal Imaging/Infrared Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Armed Forces Projected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Europe Led the Riflescope Application Market in 2016
Figure 23 Europe Accounted for the Largest Share of the Global Riflescope Market in 2016
Figure 24 North America Regional Snapshot: the U.S. is Expected to Lead the Riflescope Market During the Forecast Period
Figure 25 Regional Snapshot: Germany is Expected to Lead the Riflescope Market in Europe During the Forecast Period
Figure 26 Regional Snapshot: China to Lead the Asia-Pacific Riflescope Market During the Forecast Period
Figure 27 Companies Adopted New Product Launches as the Key Growth Strategy From January 2011 to January 2017
Figure 28 Top Players in the Riflescope Market
Figure 29 Riflescope Market Witnessed Significant Growth From 2011 to 2017
Figure 30 New Product Launches and Contracts Were the Key Growth Strategies Adopted By the Market Players Between January 2011 and January 2017

A riflescope is a telescopic sight mounted on the top of a rifle that helps to improve one’s aim by magnifying and pinpointing a target. A riflescope is also known as optical sight and provides a positive return to zero from any elevation adjustment. It is mostly used for hunting, and finds application in shooting sports and Armed Forces. The riflescope market is estimated to grow from USD 5.36 Billion in 2016 to USD 6.87 Billion in 2022, at a CAGR of 4.24% during the forecast period. This growth of the market can be attributed to the rise in shooting sports activities, increasing adoption of riflescopes in military, and technological advancements. The market in Europe is expected to witness significant growth, owing to the popularity of hunting sports.

The market has been segmented on the basis of application, sight type, technology, and region.  Among applications, the Armed Forces segment is estimated to grow at the highest CAGR during the forecast period; the hunting application segment is estimated to lead the market during the forecast period. On the basis of technology, the market has been segmented into electro optics, thermal imaging/infrared, and laser. The thermal imaging/infrared technology is expected to witness increased adoption, especially in the military. Based on technology, the electro optic segment accounted for a share of 68% of the market in 2016. Assault rifles being launched are equipped with advanced night vision scope for better clarity. The thermal imaging/infrared segment is expected to grow at the highest CAGR during the forecast period. Based on sight type, the reflex segment is estimated to grow at the highest CAGR during the forecast period; the telescopic segment is projected to lead the riflescope market during the forecast period.

Europe accounted for the largest share of the riflescope market in 2016, followed by North America and Asia-Pacific. The popularity of precision sports such hunting and shooting sports in European countries is expected to drive the hunting segment of the market in the region.

Riflescope Market

New product launches and contracts were the key growth strategies adopted by the companies in the riflescope market. The strategy of new product launches accounted for a share of 82% of the total developments registered in the market between 2011 and 2016. Contracts were mainly signed with the U.S. military.

The major challenge for system manufacturers is high cost. The major players identified in the riflescope market are Bushnell (U.S.), Leupold (U.S.), and Burris Optics (U.S.). There are largely 30 riflescope manufacturers across the globe. The manufacturers mostly adopted new product launches as their key growth strategy.

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