Night Vision Riflescope Market size was valued at USD 4.5 Billion in 2024 and is projected to reach USD 7.2 Billion by 2033, exhibiting a CAGR of 6.7% from 2026 to 2033.
The global night vision riflescope market was valued at approximately USD 6.55 billion in 2023 and is projected to reach USD 13.58 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.78% during the forecast period from 2024 to 2030. North America holds a significant portion of this market, with the United States leading due to substantial defense spending and a strong consumer base for hunting and outdoor activities. In 2023, the North American market was valued at around USD 500 million, with an anticipated CAGR of 6.5% through 2032. Europe follows, with key contributors like Germany, France, and the United Kingdom, collectively accounting for approximately USD 300 million in 2023. The European market is expected to grow steadily, driven by robust defense expenditures and a well established hunting culture. In the Asia Pacific region, rapid economic growth and increasing defense budgets are fueling demand for night vision riflescopes. Countries such as China and India are investing heavily in military modernization, contributing to the regions market, which is expected to grow at a CAGR of 8.0% from 2024 to 2032. Additionally, the rising popularity of outdoor recreational activities and a growing middle class population are driving demand for consumer grade night vision equipment. The Middle East & Africa, while currently holding a smaller market share, are projected to experience gradual growth due to increasing security concerns and investments in defense capabilities. Overall, technological advancements and expanding applications in both military and civilian sectors present significant opportunities for market expansion across these regions.
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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
No Inc Group
Sam Electrical Equipments
Nantong Universal Optical Instrument
Ntans
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Night Vision Riflescope Market
Generation I
Generation II
Generation III
Digital Night Vision
Thermal Imaging
Hunting
Military and Defense
Law Enforcement
Wildlife Observation
Security and Surveillance
Low Magnification (1x to 5x)
Medium Magnification (6x to 10x)
High Magnification (11x and above)
Narrow Lens (up to 40mm)
Standard Lens (41mm to 60mm)
Wide Lens (above 60mm)
Budget (Under $300)
Mid-range ($300 to $800)
Premium (Above $800)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Night Vision Riflescope Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Night Vision Riflescope Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Night Vision Riflescope Market, By Type
6. Global Night Vision Riflescope Market, By Application
7. Global Night Vision Riflescope Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Night Vision Riflescope Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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