Market Size of Riflescopes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 2.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Riflescope Market Analysis
The riflescopes market is projected to register a CAGR of more than 2.5% during the forecast period.
- The growth in military spending to support the soldier modernization programs of various countries is propelling investments in the procurement of new riflescopes that offer higher magnification and accuracy of the target.
- The rise in recreational shooting activities, like sporting and hunting, drives the growth of riflescopes. Due to the presence of a higher number of manufacturers (mostly regional) in the market, the market is highly fragmented. Companies are developing new riflescopes integrated with advanced technologies to increase accuracy.
