#Riflescope Market Size

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Choosing the Perfect Riflescope: A Beginner's Guide to Optics Excellence

The global riflescopes market size reached a value of about USD 6.75 billion in 2023. The industry is further expected to grow at a CAGR of about 5.2% in the forecast period of 2024-2032 to reach a value of around USD 10.70 billion by 2032. With the increasing popularity of shooting sports and hunting, having the right riflescope has become essential. Whether you're a beginner or an experienced shooter, the world of riflescopes can be overwhelming. This comprehensive guide is here to help beginners navigate the intricate world of optics, from understanding the basics to making an informed purchase decision.

Understanding Riflescope Basics

What is a Riflescope?

At its core, a riflescope is an optical device mounted on a firearm to aid in aiming. It allows shooters to zoom in on distant targets and provides a reticle for precise aiming. Think of it as the eye of your rifle, enhancing your accuracy and target acquisition.

Different Types of Riflescopes

Riflescopes come in various types, each tailored to specific shooting needs. There are magnified and non-magnified scopes, with reticles ranging from simple duplex to complex mil-dot. Understanding these differences is crucial to choosing the right scope for your needs.

Determining Your Shooting Needs

Primary Purpose of Your Rifle

Are you a hunter, a competitive shooter, or a casual plinker? Different shooting activities demand different scopes. For example, a long-range precision shooter will have vastly different requirements from a hunter stalking game in the woods.

Identifying Your Shooting Environment

Consider the terrain and lighting conditions where you'll be shooting. Riflescopes designed for woodland hunting may not perform optimally in open fields or low-light conditions. Choose accordingly.

Budget Considerations

Riflescopes come in a wide price range. While quality often comes with a higher price tag, there are affordable options that don't compromise on performance. Establish your budget early in the process.

Magnification and Objective Lens Diameter

The Significance of Magnification Power

Magnification power determines how close you can zoom in on a target. A scope with variable magnification allows you to adapt to different shooting situations, but it may also add weight and complexity to your setup.

Choosing the Right Objective Lens Diameter

The objective lens diameter affects light transmission and field of view. A larger objective lens gathers more light, which is beneficial in low-light conditions. However, it also adds bulk to your rifle.

Balancing Magnification with Field of View

Remember that higher magnification often narrows your field of view. Strike a balance between magnification and a wide field of view, depending on your shooting style and needs.

Reticle Options

Different Reticle Types

Riflescopes feature various reticle types, each with its own advantages. Mil-dot, BDC (Bullet Drop Compensator), duplex, and illuminated reticles are just a few examples. Choose the one that suits your shooting style and requirements.

Matching the Reticle to Your Shooting Needs

Consider how the reticle assists your aiming. Mil-dot reticles help with holdover and windage calculations, while BDC reticles are designed for specific caliber and bullet combinations. Select the reticle that aligns with your shooting goals.

The Importance of Reticle Illumination

Reticle illumination is crucial for low-light shooting. Make sure your riflescope offers adjustable brightness settings for varying lighting conditions.

Coating and Lens Quality

Explaining Lens Coatings

Lens coatings enhance image clarity and reduce glare. Look for scopes with multiple coating layers for optimal performance. Coated lenses provide better light transmission and minimize reflections.

The Importance of High-Quality Optics

Investing in high-quality optics pays off in terms of sharp, clear images. Quality scopes use premium glass and coatings to ensure an exceptional sight picture.

Anti-Glare Coatings for Better Low-Light Performance

Anti-reflective coatings on lenses improve visibility during dawn, dusk, or other low-light situations. Ensure your riflescope has these coatings for superior low-light performance.

Adjustments and Turrets

Understanding Windage and Elevation Adjustments

Windage and elevation turrets allow you to make precise adjustments to your point of impact. Learn how to use these turrets effectively to zero your rifle.

MOA vs. MIL Adjustments

Riflescopes often use either Minute of Angle (MOA) or Milliradian (MIL) adjustments. Each has its own system of measurement, so choose one that you're comfortable with.

The Importance of Reliable and Repeatable Adjustments

Consistency is key when it comes to adjustments. A reliable scope will consistently return to zero after adjustments, ensuring accuracy.

Durability and Weather Resistance

Materials Used in Riflescope Construction

Durable materials like aircraft-grade aluminum ensure longevity and ruggedness. Pay attention to the build quality of your chosen scope.

Waterproof, Fog-Proof, and Shockproof Features

Riflescopes designed for outdoor use should be waterproof, fog-proof, and shockproof. These features ensure your scope performs in adverse weather conditions and withstands recoil.

Choosing a Rugged Riflescope for Outdoor Use

If you plan to use your riflescope in harsh environments, opt for a scope built to withstand the elements and rough handling.

Mounting and Zeroing Your Riflescope

Properly Mounting the Riflescope on Your Rifle

Mounting your scope correctly is crucial for accuracy. Use the appropriate rings and mounts, and ensure it's properly aligned with your rifle's bore.

Zeroing in Your Riflescope for Accuracy

Zeroing your scope means adjusting it so that your point of aim matches your point of impact. Follow the recommended zeroing procedures for your specific scope.

Tips for Maintaining Your Zero Over Time

A well-maintained zero is essential for consistent accuracy. Periodically check and re-zero your riflescope to account for any changes in environmental conditions or equipment.

Final Tips and Recommendations

Summarize Key Points

In summary, choosing the perfect riflescope involves understanding your shooting needs, selecting the right magnification, reticle, and lens coatings, and ensuring your scope is durable and reliable.

Suggest Reputable Brands and Models for Beginners

For beginners, reputable brands like Leupold, Vortex, Nikon, and Bushnell offer a range of quality scopes at various price points. Consider models like the Vortex Diamondback or the Leupold VX-Freedom for a solid start.

Encourage Readers to Seek Expert Advice

When in doubt, don't hesitate to seek advice from experts or experienced shooters. They can provide valuable insights and recommendations based on their own experiences.

Try Before You Buy

If possible, try out different scopes before making a final decision. Visit a shooting range or attend shooting events where you can test various scopes to find the one that feels most comfortable and suits your needs.

Conclusion

Reinforce the importance of selecting the right riflescope, as it directly impacts your shooting accuracy and overall shooting experience. Encourage readers to apply the knowledge gained from this guide in their next riflescope purchase, and invite them to share their experiences or ask questions. By choosing wisely, you'll be well on your way to enhancing your shooting skills and enjoying the world of riflescopes to the fullest.

[amrutmnm]

The Riflescopes Market is expected to grow from USD 5.7 Billion in 2020 to USD 7.3 Billion by 2025, at a CAGR of 5.0% during the forecast period. The advancements in technology for precision attack and their increasing demand for hunting and shooting sports are some of the factors expected to drive the growth of the Riflescopes Industry. However, Hight cost of riflescopes is a challenge the market is facing. There are multiple opportunities for manufacturers to gain a substantial market share through military modernization contracts.

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Riflescopes Market Size, Share, Trends and Report 2024-2032

The global riflescopes market size is expected to exhibit a growth rate (CAGR) of 3.78% during 2024-2032. They aid in enhancing vision, improving accuracy and increasing rifle range.

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Riflescope & Red Dot Sight Market : A Look at the Industry's Advancements and Opportunities

Report Overview

Polaris Market Research announces the release of a new report Riflescope & Red Dot Sight Market by Share, Size, Trends, Future Growth, and Demand Analysis 2032 Keyword. The research report conducts an in-depth market study to provide a comprehensive analysis of the current state and future potential of the Riflescope & Red Dot Sight Market. It covers several aspects, including industry size, key players, growth drivers, key opportunities, and challenges. Besides, market segmentation, competitive landscape, and regional analysis are detailed in the report.

The research study aims to assist stakeholders, investors, and businesses in making more informed decisions and formulating effective strategies to stay ahead of the curve. In addition, the impact of technological advancements, changing consumer preferences, and rising demand for innovative services on the market is covered. The report is a must-read for anyone currently involved or interested in the industry.

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According to the research report published by Polaris Market Research, the Global Riflescopes & Red Dot Sight Market Size Is Expected To Reach USD 9.8 Billion By 2026, at a CAGR of 4.8% during the forecast period.

Competitive Landscape

The research study analyzes the current competitive environment of the market by providing information regarding Riflescope & Red Dot Sight Market key players. The competitive landscape section covers several aspects of industry players, including their sales volume, market share, price, and gross margin. Additionally, important information about strategic developments such as mergers, acquisitions, and collaborations is provided in the report.

Major Key Players

Bushnell

Schmidt & Bender GmbH & Co. Kg

Leupold & Stevens Inc.

Hawke Optics

Hensoldt

Burris Company

Vortex Optics

Aimpoint

Nightforce Optics Inc.

Nikon

BSA Optics

Flir Systems

Sig Sauer

Steiner

Leica Camera

Carl Zeiss AG

Trijicon Inc.

Eotech

U.S. Optics

Primary Arms

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Growth Drivers

Key trends: The report identifies and analyzes the key trends and drivers that are shaping the growth trajectory of the Riflescope & Red Dot Sight Market.

Technological advancements: Advances in technology and their overall impact on the industry have been covered in the report.

Regulatory landscape: The research study provides an in-depth examination of the regulatory environment to help stakeholders seize opportunities and mitigate potential challenges.

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Segmental Analysis

The Riflescope & Red Dot Sight Market segmentation is primarily based on type, application, end use, and region. A comprehensive analysis of each of these segments is detailed in the report. Besides, the study sheds light on all the major sub-segments in the market. That way, stakeholders can better understand the needs of their customers and align their business strategies accordingly.

Regional Overview

The study offers additional insight into the regional market distribution, covering industry trends, revenue sources, and potential opportunities. Also, it offers predictions for revenue growth at regional, national, and global levels. Other important factors like pricing, production capacity, supply and demand ratios, and projected Riflescope & Red Dot Sight Market sales are detailed in the report.

The Geographical Analysis Covers Following Key Regions:

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and the rest of South America)

The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)

Key Highlights of the Report

A descriptive analysis of the demand-supply gap and forecast in the global market.

Bottom-up and top-down approaches for regional analysis.

Covers a SWOT analysis of key players and the overall Riflescope & Red Dot Sight Market.

Includes both primary and secondary research methods to provide a thorough market understanding.

Porter’s Five Forces model provides an in-depth examination of industry vendors, substitutes, and competition among industry players.

Provides a detailed picture of the market by including value chain analysis.

The Report Answers Questions Such As

What is the current size and projected value for the market?

What are the key factors driving the Riflescope & Red Dot Sight Market demand?

Which is the leading segment in the industry?

What are the potential attractive investment opportunities in the market?

At what CAGR is the market projected to grow over the forecast period?

Where will strategic developments take the Riflescope & Red Dot Sight Market in the short to long term?

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Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures, present globally.

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[kenresearch2023]

Global Night Vision Device Market is expected to record a positive CAGR of ~9% during the forecast period (2022-2028): Ken Research

What Is the Size of Global Night Vision Device Industry?

Global Night Vision Device market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Night Vision Device market is witnessing robust growth to the rising spending by the governments on their military modernization, emerging technologies in the night vision devices, and the growing range of applications of these products in civil and defense-related security among other. The rising cases of terrorist attacks globally every year are making governments focus and spend more on their security services to protect their citizens from such attacks which is one of the major factors propelling the Night Vision Device market growth.

The availability of a variety of night vision devices such as riflescopes, goggles, cameras, and binoculars & monocular are providing the potential customers to purchase a product of their own choices based on their requirements which are driving the market as the companies are trying to offer products to cater to the demands of the end users.

The Covid-19 pandemic had a positive influence on the growth of the market for night vision devices as it helped authorities monitor the citizens and the situation in a better way. For example, the United States Defense Department used thermal imaging techniques to check the elevated body temperatures of a person entering its military facilities to detect Covid-19 while allowing a safe distance between the operator and the individual.

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Global Night Vision Device market by Devices

The Global Night Vision Device Market is segmented by Devices on the basis of goggles, monocular & binoculars, camera, glasses, scopes and others. Goggles segment holds the largest share of the Global Night Vision Device Market in 2022. Goggles category dominates the night vision devices market by device type as they use image enhancement technology and are able to provide a good image by amplifying the available light. The rise in research and development investment and increase in demand from military and defense sectors are driving its demand. The Camera segment is expected to grow at the fastest rate during the forecast period mainly due to their low maintenance cost and ability to reduce glare from harsh light sources.

Global Night Vision Device market by Technology

The Global Night Vision Device market is segmented by Technology into thermal imaging, image intensifier, infrared illumination and others. The Image Intensifier technology segment dominated the market for Night Vision devices in 2022. This Image Intensifier technology is much cheaper than the other technologies such as thermal imaging which is a major factor in its growth. Furthermore, the integration of advanced technologies such as image intensifiers especially in border investigation applications for night vision devices is propelling the market growth.

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Global Night Vision Device market by Application

The Night Vision Device Market is segmented by Application on the basis of military & defense, wildlife spotting & conservation, surveillance, targeting, navigation and others. The Surveillance segment held the largest market share in 2021. The Surveillance sector dominates the market due to the ever-increasing requirement of night vision security, enhanced border surveillance, and video surveillance to protect the cites and citizens. During this covid pandemic period, video surveillance allows enforcement officers to keep an eye on the movement of people without causing any harm to themselves by keeping a safe distance.

Global Night Vision Device Market by Geography

The Global Night Vision Device market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. North America accounts for the largest share among all Regions within the total Night Vision Device market in 2021.

The security threats to countries like US and Canada coupled with the rising demand to bolster their internal securities 24/7 are driving the market growth of the North American market. The constant threat of cross-border human and drug trafficking for this region is also helping the market to grow. The Asia Pacific region is expected to grow at the fastest CAGR during the forecasted period 2022-2028, owing to the government’s investments in location-based devices, public transport systems, and the rising military and defense budgets.

For more insights on the market intelligence, refer to the below link:-

Global Night Vision Device Market

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Riflescope Market Revenue Analysis, Industry Outlook, Forecast, 2027

Global Riflescope Market research report is an extensive analysis of the Riflescope market and covers a thorough analysis of the competitive landscape, applications, product types, top companies, and regional spread. All the findings and data have been gathered through extensive primary and secondary research and have been validated by industry experts and research analysts. The report also provides a comprehensive analysis of the drivers, restraints, limitations, threats, and growth opportunities of the market. The report covers a comprehensive industrial chain analysis and value chain analysis and provides insights into upstream raw materials, downstream buyers, and overall industry overview.

The report describes in detail the dynamic changes in the business landscape of the FMCG industry and provides accurate forecast estimates. The report further provides crucial insights into key drivers, restraints, growth prospects, and opportunities expected to influence market growth over the forecast period of 2021-2027.

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Major competitors studied in the report are:

Bushnell

Leupold

Burris

Nikon

Schmidt-Bender

WALTHER

Hawke Optics

Nightforce

BSA

Hensoldt

Vortex Optics

Barska

Aimpoint

LEAPERS

Tasco

Swarovski

Weaveroptics

Meopta

Gamo

Millett

Zeiss

Sightron

Simmons

Sightmark

Norinco Group

SAM ELECTRICAL EQUIPMENTS

Nantong Universal Optical Instrument

Ntans

The global Riflescope market research report provides a brief overview inclusive of competitive landscape and key developments, policies, manufacturing costs, and processes. The report provides a panoramic view of the market and insights that will help formulate better business decisions. The study further explores and provides in-depth analysis of current market dynamics and recent trends, with special focus on various key factors and potential growth opportunities and risks.

Fast-moving consumer goods (FMCG) significantly contribute to economic growth of the country owing to their rising penetration in everyday life of consumers. FMCG industry offer low-priced generic items with numerous options and varieties. These goods, which include packaged foods, beverages, toiletries, cosmetics, and other consumables, have a high turnover rate and are extensively distributed in hypermarkets, convenience stores, and supermarkets, among others. Increasing demand for food items, health and hygiene products, and growing penetration of e-commerce channels have accelerated market growth over the recent past.

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Growing trend of sustainable production and manufacturing processes have changed the dynamics of the market landscape. Key companies are now focusing on investing in energy-efficient plans and processes to mitigate the negative impact on the environment and reduce overall production costs. Top companies in the market report are profiled on the basis of product portfolio, company overview, gross profit margins, financial standing, global position, and business expansion plans. The report also sheds light on the recent mergers & acquisitions, joint ventures, collaborations, agreements, product launches, and deals among others.

In market segmentation by types of riflescopes, the report covers-

Telescopic Sight

Collimating Optical Sight

Reflex Sight

In market segmentation by applications of the riflescope, the report covers the following uses-

Hunting

Shooting Sports

Armed Forces

Other

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The report focuses on leading regions and their major countries to asssess the market growth in the forecast years. The major geographical regions included in the study are North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The report analyzes the key regions on the basis of production and consumption pattern, export/import, trends in each region, supply and demand dynamics, technological developments, regulatory framework, and presence of key players in each region.

Key Features of the Riflescope Market Report:

·         Detailed assessment and exhaustive understanding of the Riflescope Market

·         Significant insights into manufacturing processes, major barriers, and risks

·         8-year forecast estimation to offer information about the market size and market share on the global and regional levels

·         Evaluation of the key drivers, restraints, growth opportunities, threats, limitations, barriers, and other key elements

·         Identification of growth prospects and potential for the Riflescope industry

·         Comprehensive analysis of the key market players and their strategies

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[trendingfact]

Riflescope Market – Global Industry Analysis, Size, Share, Trends, Forecast 2025 A riflescope is a telescopic vision mounted on the topmost of a rifle that helps to enhance one’s aim by pinpointing and magnifying a target.

[yimarcgroup]

Riflescopes Market Size, Share, Growth and Report 2024-2032

The global riflescopes market size is expected to exhibit a growth rate (CAGR) of 3.78% during 2024-2032. A riflescope is a telescopic vision device attached on the top of automatic or snipers rifles and is used for the identification and magnification of the target. They are commonly available with air-gun, handgun, shotgun, muzzleloader, crossbow and purpose-specific scope configurations. The novel variants also include in-built laser range finders connected to color graphics displays.

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Global Riflescope Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

In 2016, the world sales volume of riflescope reached to 9099 K Units. Globally, riflescope producers are concentrated in USA, Japan and Germany. Leading players in riflescope industry are Bushnell, Leupold, Burris, Nikon and Schmidt-Bender.

Riflescope is a fragmented industry with a variety of manufacturers ranging from large multinational corporations to small privately owned companies. The top three producers account for 18.36% of the market in terms of revenue. Most companies involved in this industry are professional manufacturers of riflescope and binocular with no other major products, while some players are well known lens producers that supply high-quality products, such as Nikon and Zeiss.

The riflescope is driven by several factors, among which the most crucial ones are hunting, shooting sports and armed forces. Hunting is the major application of riflescope, which accounted for 24.4%. of world riflescope consumption in 2016 in terms of volume. Shooting sports and hunting have emerging to be a fast-growing market of riflescope in developed countries.

The worldwide market for Riflescope is expected to grow at a CAGR of roughly 6.3% over the next five years, will reach 5490 million US$ in 2024, from 3800 million US$ in 2019, according to our study.

This report focuses on the Riflescope in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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Market Segment by Manufacturers, this report covers

Bushnell

Leupold

Burris

Nikon

Schmidt-Bender

WALTHER

Hawke Optics

Nightforce

BSA

Hensoldt

Vortex Optics

Barska

Aimpoint

LEAPERS

Tasco

Swarovski

Weaveroptics

Meopta

Gamo

Millett

Zeiss

Sightron

Simmons

Sightmark

Norinco Group

SAM ELECTRICAL EQUIPMENTS

Nantong Universal Optical Instrument

Ntans

Holosun

SIG

 Market Segment by Regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Market Segment by Type, covers

Telescopic Sight

Collimating Optical Sight

Reflex Sight

Market Segment by Applications, can be divided into

Hunting

Shooting Sports

Armed Forces

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Riflescope product scope, market overview, market opportunities, market driving force and market risks.

Chapter 2, to profile the top manufacturers of Riflescope, with price, sales, revenue and global market share of Riflescope in 2017 and 2018.

Chapter 3, the Riflescope competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Riflescope breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.

Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.

Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.

Chapter 12, Riflescope market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.

Chapter 13, 14 and 15, to describe Riflescope sales channel, distributors, customers, research findings and conclusion, appendix and data source.

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Table of content:

1 Market Overview

1.1 Riflescope Introduction

1.2 Market Analysis by Type

1.2.1 Telescopic Sight

1.2.2 Collimating Optical Sight

1.2.3 Reflex Sight

1.3 Market Analysis by Applications

1.3.1 Hunting

1.3.2 Shooting Sports

1.3.3 Armed Forces

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook (2014-2024)

1.4.1.2 Canada Market States and Outlook (2014-2024)

1.4.1.3 Mexico Market States and Outlook (2014-2024)

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook (2014-2024)

1.4.2.2 France Market States and Outlook (2014-2024)

1.4.2.3 UK Market States and Outlook (2014-2024)

1.4.2.4 Russia Market States and Outlook (2014-2024)

1.4.2.5 Italy Market States and Outlook (2014-2024)

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook (2014-2024)

1.4.3.2 Japan Market States and Outlook (2014-2024)

1.4.3.3 Korea Market States and Outlook (2014-2024)

1.4.3.4 India Market States and Outlook (2014-2024)

1.4.3.5 Southeast Asia Market States and Outlook (2014-2024)

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook (2014-2024)

1.4.4.2 Egypt Market States and Outlook (2014-2024)

1.4.4.3 Saudi Arabia Market States and Outlook (2014-2024)

1.4.4.4 South Africa Market States and Outlook (2014-2024)

1.4.4.5 Turkey Market States and Outlook (2014-2024)

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Military Riflescope Market report provides a detailed analysis of global market Share, Overview, regional and country-level Industry size, Forecast research, segmentation Analysis

[rickysheikh92]

Night Vision Device Market: Opportunities and Forecast Assessment, 2020–2027

The GMI Research expects the night vision device market to expand at an increased rate. From a regional perspective, North America is projected to lead the market. The increasing security breaches and strict security measures during the night in the US and Canada, will drive the growth of the night vision device market.

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Night Vision Device Market Dynamics (including market size, share, trends, forecast, growth, and industry analysis)

Key Drivers

The growing terrorist activities, coupled with the growing security concerns that have surged night patrolling and combat operations at a global level, are the key drivers contributing to the growth of the night vision device market size. Furthermore, the increasing availability and advancements in surveillance solutions will further pay the way for the growth of the night vision device market during the forecast period. Advancements, such as the implementation of light-weighted devices and other technological innovations, are some other factors propelling the market growth. The rising use of this device across several verticals, including border security, law enforcement, healthcare, and others, is further augmenting the growth of the global night vision device market in the upcoming years. Additionally, the growing spending of the military, coupled with the rising requirement for technologically advanced and efficient devices, will further stimulate the growth of the market. The global military expenditure in 2019 represented a 3.8% rise over 2018. The US's military expenditure increased by 5.3 %, valued at $732 billion in 2019, and had reported for around 38% of the global military spending. On the other hand, the factor restraining the growth of the global night vision market include the high cost of manufacturing advanced device.

Device Type Segment Drivers

Based on the device type, the scopes is predicted to lead the market in the upcoming years. Scopes provide higher performance compared with other devices. These devices are generally utilized as weapon sights even though they are heavy in comparison to goggles. The strong demand for clearer vision during night hours is another driver that will positively influence the growth of the market. The product improvements by various vendors in the market are bolstering the market growth. For example, the Raytheon/L3/Insight W1000 thermal imaging military riflescope offers precise image quality, selectable reticles, and a high-quality weapon utilized for thermal imaging.

Night Vision Device Market’s leading Manufacturers:

·         BAE Systems

·         Harris Corporation

·         Leonardo S.p.A

·         Thales Group

·         FLIR Systems, Inc.

·         Raytheon Company

·         L3 Technologies, Inc.

·         Luna Optics

·         Elbit Systems

·         Safran Vectronix AG  

Night Vision Device Market Segmentation:

Segmentation by Device Type:

·         Binocular and Monocular

·         Camera

·         Goggles/Glasses

·         Scopes

Segmentation by Application:

·         Border Surveillance

·         Law Enforcement

·         Fire & Rescue

·         Healthcare

·         Others

Segmentation by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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