Telescopic sights today are precision instruments with a plethora of innovative features. At its most basic level, however, a scope serves only one purpose, to assist the shooter to aim accurately at short or longer distances, even with reduced light conditions and engage the target from the first round.
The war in Ukraine and the overall shift towards high-intensity operations highlighted the importance of dismounted troops and the need to equip them with systems that will help them succeed in their mission. Riflescopes and sensors in overall, optimise their capabilities and can make the difference in the battlefield. This is the direction towards which the market will continue to evolve. Riflescopes, reflex sights, thermals, enhanced with laser rangefinder and magnifiers, or even with a fire control unit, turning a rifle into a weapon system.
As the riflescope market covers both the commercial and the defence sector, the opportunities offered are extensive, accommodating a large number of manufacturers, even medium-sized companies, thereby constituting this market one of the most competitive ones. Moreover, the duality of its nature provides an opportunity for either side to expand into adjacent markets. It can be easily understood why a company manufacturing lenses or cameras for photographers or scientific/medical optical devices can either become a supplier of components or even a manufacturer of riflescopes, and vice versa.
Thermal scopes are becoming a trend in the defence and commercial domains. The technological developments in those sensors have made them available at affordable prices, even for the outdoor enthusiasts, contrary to what was happening in the past, when they were available to military and public security organizations. Moreover, regulations pertaining the sale and export of critical technologies have changed, further supporting the growth of the market.
All these characteristics create a highly competitive environment on the one hand, but with extensive opportunities. For stakeholders interested in starting a business in the field, it can be a challenge but not as challenging as in case of a product of high added value.
Thanks to all these developments, the riflescope market is expected to reach an aggregate value of US$70.452 billion throughout the 2024-2032 period, growing with a CAGR of 4.8%.
Covered in this study
- Overview: Snapshot of the riflescope technology in the military market during 2024-2032, including highlights of the demand drivers, trends, and challenges. It also provides a snapshot of the spending with respect to regions as well as segments and sheds light on the emergence of new technologies.
- Market Dynamics: Insights into the technological developments in the riflescope market and a detailed analysis of the changing preferences of governments around the world. It also analyses changing industry structure trends, and the challenges faced by the industry participants.
- Segment Analysis: Insights into the various systems market from a segmental perspective and a detailed analysis of factors influencing the market for each segment.
- Regional Review: Insights into modernisation patterns and budgetary allocation for top countries within a region.
- Regional Analysis: Insights into the systems market from a regional perspective and a detailed analysis of factors influencing the market for each region.
- Impact Analysis: Analysis on how certain events will impact the riflescope market. This will give you an indication on which factors are important for the forecast.
- Key Program Analysis: Details of the top programs in each segment expected to be executed during the forecast period.
- Competitive landscape Analysis: Analysis of competitive landscape of this industry. It provides an overview of key companies, together with insights such as key alliances, strategic initiatives, and a SWOT analysis.
Segmentation
The market is segmented by Region, End-User, Magnification, and Technology:
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
End-User
- Defence
- Commercial
Magnification
- 1-8x
- 8-15x
- >15
Technology
- EO/IR
- Thermal Imaging
- Laser
Who is this report for?
- Financial Institutions: Financial institutions such as financial intermediaries and banking institutions can use this report to assess their financing or investment strategies.
- Department of Defence: Defence department and other Governmental Organizations involved with the research and development of defense strategies using riflescope can use this report to support their research.
- Department of Information Technology: The Department of Information Technology could use this report to understand various technical indicators of the top twenty-five products. This would give them an overall perspective of potential markets.
- Decision Makers: The future investment and technology focus decisions could be formulated based on the inputs of this report.
- Arms Manufacturers: Arms manufacturers can procure this report to understand the overall market and the technology perspective in this market.
- Other Organisations: Various other NGO and Non- Governmental organizations involved with the research and development department for upcoming technologies can use this report to support their research.
Table of Contents
Companies Mentioned
- Aimpoint AB
- ATN Corporation
- BSA Optics
- Burris Optics
- Bushnell Corporation
- Elcan (Raytheon Technologies)
- EOTech
- FLIR Systems
- Hensoldt
- Leupold & Stevens
- Meopta s.r.o.
- Nightforce Optics
- Nikon
- Steiner Optik (Beretta Group)
- Swarovski Optik
- Teledyne FLIR LLC
- Trijicon
- Vortex Optics
- Zeiss