The rise in the threat of terrorist attacks has increased the rate of surveillance by the military & defense. Thus, military personnel use tactical scopes to keep an eye on the border since this scope can zoom into the far distance. These scopes also help in taking accurate rifle shots when required. Thus, these advantages of tactical optics have increased its demand in the military & defense sector. For instance, firearms manufacturer Sig Sauer Inc. was granted a contract worth $12 million by the U.S. SOCOM for the supply of its Electro-Optics TANGO6T 1-6×24 second focal plane (SFP) riflescope in January 2019.
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Key Market Players
- Kongsberg Gruppen AS
- Raytheon Company
- Elbit Systems Ltd
- Saab AB
- Thales Group
- BAE Systems Plc
- Sig Sauer Inc
- Vortex Optics
- Bushnell Corporation
- Leupold & Stevens Inc.
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Top Impacting Factors
- Rise in demand for light weight tactical scopes for rifles, surge in demand for EO/IR cameras, and weapon modernization program across the globe drive the growth of the market.
- High cost and unavailability of technical expert to develop tactical optics equipment hinder the market growth.
- Rise in the purchase of tactical optics for vehicle platforms & dismounted soldiers, surge in demand for tactical scopes from military & defense, and increase in demand for new technology act as an opportunity for growth of the market.
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Key Benefits of the Report:
- This study presents the analytical depiction of the tactical optics market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the tactical optics market.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the tactical optics market.
- The report provides detailed tactical optics market analysis based on competitive intensity and the competition that will take shape in coming years.
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Questions Answered in the Tactical Optics Market Research Report:
- Who are the leading market players active in the tactical optics market?
- What would be the detailed impact of COVID-19 on the market?
- What are the current trends that would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the tactical optics market?
- What are the future projections that would help in taking further strategic steps?
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