Market Overview:
The global optical sight market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for advanced and innovative optical sights across different applications, such as industrial, residential, military and others. Additionally, the growing adoption of thermal imaging technology in the global optical sight market is also contributing significantly to its growth. Some of the major players operating in this market are FLIR Systems Inc., L-3 Technologies Inc.
Product Definition:
An optical sight is a device that allows the user to see an object more clearly. This can be done by magnifying the image of the object or by providing a sighting mechanism that makes it easier to aim at the object.
Image Intensifier:
An image intensifier is a device that enhances the intensity of light by a multiple of 10 times. It's used in optical sights for rifles, pistols and other long-range weapons to assist in aiming. The longer the wavelength, the more intense the beam needs to be before it can be used as an image intensifier.
The Image Intensifiers market is expected to grow at a CAGR (Compound Annual Growth Rate) of 6% from 2016 - 2024.
Thermal Image:
Thermal image is a camera-based thermal imaging device that generates an image by detecting the heat given off from objects. It works on the principle of thermography and it's used for identifying, locating, and tracking targets. The optical sight market has been witnessing significant growth over the past few years owing to its increasing demand in military & defense applications as well as law enforcement agencies.
Application Insights:
The industrial application segment dominated the global market in 2017. The growth of this segment can be attributed to the increasing demand for high-precision tools and equipment, which require constant monitoring during manufacturing or maintenance processes. Furthermore, governments are promoting investments in key industries such as oil & gas and defense, which further drives the demand for OSS systems.
The military application segment is expected to witness significant growth over the forecast period owing to an increase in spending on defense by countries such as China and Russia. These countries are focusing on enhancing their armed forces¢â‚¬â„¢ capabilities with advanced optical sights that provide accurate aiming at a long range thereby supporting high-precision weapons systems used by these armies. Moreover, ongoing conflicts across regions including terrorism along with human rights violation cases have increased government expenditure on security resulting in increased spending on military applications of optical sights worldwide. This factor is anticipated to boost product demand from 2018 to 2030 globally.
Regional Analysis:
North America dominated the global market in 2017 owing to the high demand for surveillance systems and growing adoption of technologies across various sectors. The region is expected to maintain its dominance over the forecast period due to increasing government spending on defense and homeland security, which drives optical sights sales. Moreover, presence of major players such as BAE Systems Inc.; Harris Corporation; General Dynamics Mission Systems, Inc.; Lockheed Martin Corporation; Optronics Technology Co., Ltd.; Raytheon Technologies Corporation; Thales Group; and Vaisala Inc., in this region will drive regional growth.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising installations of surveillance equipment by governments at both domestic levels as well as international airports across countries such as India, China, Japan among others are expected drive regional demand for optical sights over the next eight years.
Growth Factors:
- Increasing demand for firearms and shooting sports
- Growing popularity of tactical shooting and hunting
- Proliferation of small arms in developing countries
- Technological advancements in optical sights
- Rising demand from the military and law enforcement sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Sight Market Research Report
By Type
Image Intensifier, Thermal Image
By Application
Industrial, Residential, Military
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Optical Sight Market Report Segments:
The global Optical Sight market is segmented on the basis of:
Types
Image Intensifier, Thermal Image
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Residential, Military
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this 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
Highlights of The Optical Sight Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Image Intensifier
- Thermal Image
- By Application:
- Industrial
- Residential
- Military
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Optical Sight Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An optical sight is a device that uses an image from a lens to allow for accurate aiming of firearms.
Some of the key players operating in the optical sight market 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.
The optical sight market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Optical Sight Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Optical Sight Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Optical Sight Market - Supply Chain
4.5. Global Optical Sight Market Forecast
4.5.1. Optical Sight Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Optical Sight Market Size (000 Units) and Y-o-Y Growth
4.5.3. Optical Sight Market Absolute $ Opportunity
5. Global Optical Sight Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Optical Sight Market Size and Volume Forecast by Type
5.3.1. Image Intensifier
5.3.2. Thermal Image
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Optical Sight Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Optical Sight Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Residential
6.3.3. Military
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Optical Sight Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Optical Sight Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Optical Sight Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Optical Sight Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Optical Sight Demand Share Forecast, 2019-2026
9. North America Optical Sight Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Optical Sight Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Optical Sight Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Residential
9.4.3. Military
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Optical Sight Market Size and Volume Forecast by Type
9.7.1. Image Intensifier
9.7.2. Thermal Image
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Optical Sight Demand Share Forecast, 2019-2026
10. Latin America Optical Sight Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Optical Sight Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Optical Sight Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Residential
10.4.3. Military
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Optical Sight Market Size and Volume Forecast by Type
10.7.1. Image Intensifier
10.7.2. Thermal Image
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Optical Sight Demand Share Forecast, 2019-2026
11. Europe Optical Sight Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Optical Sight Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Optical Sight Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Residential
11.4.3. Military
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Optical Sight Market Size and Volume Forecast by Type
11.7.1. Image Intensifier
11.7.2. Thermal Image
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth otential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Optical Sight Demand Share, 2019-2026
12. Asia Pacific Optical Sight Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Optical Sight Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Optical Sight Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Residential
12.4.3. Military
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Optical Sight Market Size and Volume Forecast by Type
12.7.1. Image Intensifier
12.7.2. Thermal Image
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Optical Sight Demand Share, 2019-2026
13. Middle East & Africa Optical Sight Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Optical Sight Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Optical Sight Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Residential
13.4.3. Military
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Optical Sight Market Size and Volume Forecast by Type
13.7.1. Image Intensifier
13.7.2. Thermal Image
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Optical Sight Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Optical Sight Market: Market Share Analysis
14.2. Optical Sight Distributors and Customers
14.3. Optical Sight Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bushnell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Leupold
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Burris
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nikon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schmidt-Bender
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. WALTHER
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hawke Optics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nightforce
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BSA
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hensoldt
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Vortex Optics
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Barska
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Aimpoint
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. LEAPERS
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tasco
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Swarovski
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Weaveroptics
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Meopta
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Gamo
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Millett
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
