The shooting ranges market is projected to grow at a CAGR of 8.35% during the forecast period (2015-2020). The market comprises indoor and outdoor shooting ranges. The demand for shooting ranges is affected by increase in demand for enhanced training, technological advancement in shooting ranges, and the cost-effectiveness of virtual simulators.
The key players who manufacture shooting ranges are SAAB AB (Training and Simulation) (Sweden), Meggitt Training Systems, Inc. (U.S.), Theissen Training Systems GmbH (Germany), Range Systems, Inc. (U.S.), and Polytronic International AG (Switzerland), among others. Most of these players gain their market share by entering into strategic contracts. They also keep themselves updated with market trends by launching new products with advanced technologies that enhance training as well as reduce overall costs.
Recently, companies have been investing heavily in location of miss and hit (LOMAH) systems, smart targets, and wireless control systems.
With the increase in military training activities, the shooting ranges market is projected to grow in the next five years. It is projected to reach $1,080 Million by the end of 2020, with major growth in Western markets.
Shooting Ranges Market by Product (Indoor, Outdoor), By Sub-products (Virtual Simulator, Targets), by Indoor Targets (Fixed; Knock Down, Electronic Target, Moving; Pop-Up, Turning, Duel Moving), by Outdoor Targets (Fixed, Moving; Multi-purposed, Pop-Up, Turning, Smart Targets), by Application (Civil, Military), by Geography - Forecast to 2020
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