Riflescope Market Foreseen To Grow Exponentially Over 2022 - 2031 |
Posted: April 6, 2022 |
Providing accuracy, increasing rifle range, offering better vision, the riflescope is being used on a large scale by the armed forces, shooting sports community, and hunting. Most of the major companies already provide various features such as HD micro-display, night vision riflescope. However, manufacturers are also focusing on providing next-gen of riflescope with innovative technology such as advanced zoom which magnifies vision by 1.5 times, with wireless technology it has become easy to connect image from a riflescope camera into the soldier’s night vision goggle. By connecting these two, soldiers will be able to aim the weapon, without the need of raising it to the eye. Meanwhile, military upgradation programs are also resulting in the increased demand for technologically advanced riflescope. However, various factors such as ban on hunting in various regions, and high cost of riflescope are acting as the restricting factors in the riflescope market. According to the latest report by Fact.MR, the global riflescope market is expected to witness moderate growth. The market is projected to register 4.0% CAGR during the forecast period 2017-2022. Advancements in technology and increase in shooting as a sports activity are some of the factors resulting in the growth of riflescope market. Major market players are also moving towards signing contracts with military and are also introducing new products. Following insights show how the global riflescope market will perform in the coming years. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=302 5 Forecast Highlights on Global Riflescope Market
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=302 Market Taxonomy
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/302 Riflescope to Find Major Application in HuntingRiflescope is likely to be used majorly in the hunting activities. Gaining nearly half of the share in terms of the revenue by 2017 end, hunting is estimated to create an incremental opportunity surpassing US$ 300 million during 2017-2022. Meanwhile, armed forces are also likely to emerge as the second-largest users of the riflescope. Electro Optic to Gain Maximum Revenue ShareElectro optic riflescope technology is likely to gain more than two-third of the revenue share by 2017 end. Electro optic is also estimated to bring in nearly US$ 3,700 million revenue towards 2022 end. However, thermal/infrared technology is also likely to experience growth during 2017-2022. Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/06/11/1866892/0/en/Growing-Sportfishing-and-Angling-Popularity-Likely-to-Drive-Global-Fishing-Rods-Sales-to-Over-12-Million-by-2020-finds-Fact-MR-Study.html About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: Corporate Headquarter:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|