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Riflescope market worth $6.87 billion by 2022

Riflescope market worth $6.87 billion by 2022

The riflescope market is estimated to grow from USD 5.36 billion in 2016 to USD 6.87 billion in 2022, at a CAGR of 4.24% during the forecast period. Increase in the popularity of hunting activities and shooting games is expected to drive the riflescope market.

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Study on Riflescope Market highlights key players such as Bushnell Optics (U.S.), Leupold & Stevens (U.S.), Burris Optics (U.S.), Nikon Optics (U.S.), Walther (Germany), Schmidt & Bender (Germany), Night force Optics (U.S.), and Hawke Optics (U.K.).

Complete report on Riflescope Market spread across 125 Pages, Profiling 11 Companies and Supported with 87 Tables and 30 Figures is now available at www.rnrmarketresearch.com/riflesco…arket-report.html

The riflescope market is expected to witness technological advancements for application in the military.

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Target Audience:

  • Original Equipment Manufacturers (OEMs)
  • Regulatory Bodies
  • Component Suppliers
  • Military
  • Technology Providers
  • Distributors

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On the basis of application, the hunting segment accounted for the largest share of the riflescope market in 2016. Hunting is popular in North America and Europe.

Governments in these regions issue hunting licenses for different seasons. The growth of the population of certain animal species have driven governments to encourage animal hunting to control their population.

However, countries in the Asia-Pacific region such as India and China prohibit animal hunting.

Key Points From Table Of Content:

5 Market Overview

5.1 Introduction
5.1.1 Riflescope Market
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in Use of Riflescopes in Hunting and Shooting Sports is Expected to Drive the Market
5.2.1.1 Advancement in Riflescope Technology for Precision Attack
5.2.2 Restraints
5.2.2.1 Ban on Hunting
5.2.3 Opportunities
5.2.3.1 Military Upgradation Programs to Drive the Demand for Advanced Riflescopes
5.2.4 Challenges
5.2.4.1 High Cost of Riflescopes

Access report @ www.rnrmarketresearch.com/contacts…ying?rname=911640

Research Coverage:

The riflescope market has been segmented on the basis of sight type, technology, application, and region. On the basis of sight type, the riflescope market has been segmented into telescopic and reflex.

On the basis of technology, the riflescope market has been segmented into electro optic, thermal imaging/infrared, and laser. On the basis of application, the riflescope market has been segmented into hunting, shooting sports, and Armed Forces.

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