Transportation News and Press release service

Home > Transportation News
  • Aerospace News
  • Air Services News
  • Airlines News
  • Auto Dealership
  • Auto Manufacturers
  • Auto Parts News
  • Railroad News
  • Shipping News

    Watch Transportation News Video


  • Riflescopes Market Opportunities and Challenges




    (Transportation-News.com, November 26, 2019 ) The riflescopes market size is projected to grow from USD 6.5 billion in 2019 to USD 7.9 billion by 2025, at a CAGR of 3.4% from 2019 to 2025. The advancements in riflescope technology for precision attack and increasing demand for riflescopes for hunting and shooting sports are some of the factors expected to drive the growth of the market.



    Browse 140 market tables and 38 figures spread through 186 pages and in-depth TOC on the "riflescopes market Global Forecast to 2025. Early buyers will receive 10% customization on reports.



    Download Free PDF Brochure @

    https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=216692701



    Growing soldier modernization programs and increasing demand for riflescopes for hunting and shooting sports are key factors fueling the growth of the riflescopes market across the globe.



    Shooting sports have become popular in various sporting events, such as Olympics and Commonwealth Games. Participants are increasingly willing to pay hefty fees for training in shooting sports. For instance, in India, awareness about shooting sports has tremendously increased ever since the country started winning medals in the Olympics. Rising soldier/military modernization programs also fueling the growth of this market. For instance, in June 2019, the Indian government signed contracts with Fabbrica d'Armi Pietro Beretta S.p.A. (Italy) and Barrett (US) for the procurement of 5,719 sniper rifles.



    Based on sight type, the telescopic segment of the riflescopes market is projected to grow at a higher CAGR during the forecast period.

    Based on sight type, the telescopic segment of the market is projected to grow at a higher CAGR during the forecast period as compared to the reflex segment. The demand for the new range of telescopic riflescopes is higher in North America and Europe. According to the Small Arms Survey, 2018, the US had 120.5 firearms per 100 residents. This high number is a major demand driver for riflescopes in the US.



    Trend towards integration of laser based riflescopes with soldiers wearables is one of the major factors propelling the growth of the riflescopes market, g;obally.



    Integration of lasers with other rifle equipment provides day and night direct observation of the target, measure everything that influences a bullet in flight, and rapidly calculates, and displays the aim point offset and expected crosswind variability in a shooter's riflescope. The market for laser based riflescopes is expected to witness growth due to companies such as Lockheed Martin (US), BAE Systems (UK) and others increasingly integrating lasers with other wearable technologies of soldiers.



    The Asia Pacific riflescopes market is projected to grow at the highest CAGR during the forecast period.



    The Asia Pacific riflescopes industry is projected to grow at the highest CAGR from 2019 to 2025. The growth of the market in this region can be attributed to the increasing events of hunting and shooting sports in Australia, Japan, and South Korea. China and India have limited presence in the commercial riflescopes market as compared to other countries in the region. However, an increase in the defense expenditure of India and China has accelerated the demand for riflescopes for land forces in these countries.



    Major companies profiled in the report are Hawke Optics (UK), Hensoldt (Germany), Leupold & Stevens, Inc. (US), Nightforce Optics (US), Burris Company (US), and Bushnell (US), among others.



    About MarketsandMarkets



    MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.



    Contact:

    Mr. Shelly Singh

    MarketsandMarkets INC.

    630 Dundee Road

    Suite 430

    Northbrook, IL 60062

    USA : 1-888-600-6441

    sales@marketsandmarkets.com



    360Quadrants

    Mr. Shelly Singh

    1-888-600-6441

    raviraj.tak@marketsandmarkets.com

    Source: EmailWire.Com

    Source: EmailWire.com

    Transportation Resources

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2007 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    EuropeNewswire.net - Newswire and Press Release service of GroupWeb Media LLC