Riflescopes Market by Magnification (1-8X, 8-15X, Greater Than 15X), by Sight Type (Telescopic, Reflective), by End-Use (Commercial, Defense), by North America (U.S., Canada), by Europe (U.K., Germany, France, Russia, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific), by Rest of the World (The Middle East & Africa, Latin America) Forecast 2024-2032
The Riflescopes Market size was valued at USD 750.9 USD million in 2023 and is projected to reach USD 1106.90 USD million by 2032, exhibiting a CAGR of 5.7 % during the forecast period. Riflescopes are a type of optical sight that is attached to the barrel of a firearm to increase the shooter’s ability to accurately aim at the intended target. There are two main types: fixed and variable scopes. While the former has a set magnification, the latter can be changed as per the requirement, providing a range of magnifications. Basic parts of riflescopes include the objective lens, the eyepiece, the reticle or the crosshair, and the turret for windage and elevation adjustments. Such advanced models may have features like lit-up aiming points and a parallax adjustment. The use of riflescopes has become widespread in hunting, target shooting, and even in the armed forces; these scopes enhance the user’s precision when shooting at long distances, help in the identification of the target and boost the shooter’s morale. They are very important especially when accuracy is required, especially at night or over long ranges.
Magnification:
Sight Type:
End-Use:
North America is the largest market for riflescopes, followed by Europe and Asia-Pacific. The growth in North America is driven by the popularity of recreational shooting and hunting, while the growth in Europe and Asia-Pacific is driven by the growing demand for riflescopes for law enforcement and military applications.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.7% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.7% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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