What Does the Historical and Current Firearm Sight Market Size Trend Indicate?
The firearm sight market has seen considerable growth due to a variety of factors.
• In recent times, consistent growth has been observed in the firearm sight market. The market size is expected to increase from $1.61 billion in 2024 to $1.68 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%.
The historical growth of this market can be accounted to factors like increasing requirements in the military and defense sectors, growth in the civilian market, influence from law enforcement needs, and advancements in night vision sights.
What Is The Projected Growth Of The Firearm Sight Market?
The firearm sight market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of firearm sights is projected to experience consistent growth in the coming years, reaching a value of $2.04 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.9%.
The predicted growth for this period is due to factors such as the fast-paced development of reflex sights, system customization and modularization, material and construction advancements, and an increase in terrorist activities. Key trends expected during this forecast period include intelligent optical improvements, customizable and modular systems, accessible controls and interfaces, enhancements in training capabilities, and wireless connectivity and integration.
What Are the Critical Driver Fuelling the Firearm Sight Market's Growth?
The firearm sight market's growth is anticipated to skyrocket due to increasing military spending. The money a nation allocates for defense procedures or resources is what we term as military expenditure. It's allocated towards the creation of new systems, enhancing pre-existing ones, research, development, and the testing and evaluation of forthcoming systems which could boost the market's expansion. The UK's Ministry of Defence reported that defense spending saw a boost from $68.63 billion in the fiscal year 2022/23 to $70.45 billion in 2023/24, in April of 2024. As a result, the escalating defense spending paves the way for the growth of the firearm sight market.
What Are The Principal Market Segments In The Global Firearm Sight Healthcare Industry?
The firearm sight market covered in this report is segmented –
1) By Type: Full Size, Microdots, Mini Reflex
2) By Platform: Ground-Based, Air-Based, Sea-Based
3) By Application: Hunting, Armed Forces, Other Applications
Subsegments:
1) By Full Size: Standard Red Dot Sights, Reflex Sights, Holographic Sights
2) By Microdots: Compact Red Dot Sights, Miniature Reflex Sights
3) By Mini Reflex: Pistol-mounted Mini Reflex Sights, Shotgun Mini Reflex Sights
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Which Emerging Market Trends Are Altering The Firearm Sight
In the firearms market, major companies are paying greater attention towards developing products with advanced features to cater to the needs of both casual shooters and professionals. This refers to guns that include state-of-the-art designs and technologies for improved performance, dependability, and user interaction. For example, Heckler & Koch USA, a firearms producer based in the US, launched the novel CC9 pistol in October 2024. The CC9 pistol, designed to accommodate optics, has a direct mount for red dot sights, thereby improving targeting for users. With a tritium front sight and a blacked-out rear sight, it ensures outstanding visibility regardless of light conditions. This ultra-compact gun couples superior ergonomics and flexibility, making it ideal for concealed carrying and daily use, while its dependability is verified through strict testing measures.
Who Are the Key Players in the Firearm Sight Market?
Major companies operating in the firearm sight market include:
• Nikon Sport Optics
• Lucid Optics
• SIG Sauer
• Swarovski Optik KG.
• Leupold & Stevens Inc.
• Burris Company Inc.
• Vortex Optics
• Bushnell Inc.
• Sellmark Corporation.
• Trijicon Inc
• Meopta USA Inc
• EOTech Inc.
• Meprolight
• Crimson Trace Corporation
• Primary Arms LLC
• Leapers Inc.
• KAHLES Gesellschaft M.b.H.
• Steiner EOptics Inc
• Holosun Technologies Inc
• TruGlo Inc
• Athlon Optics
• Lightforce USA Incorporated.
• High Speed Gear
• Aimpoint AB
• NcSTAR Inc.
• DI Optical
• Swampfox Optics
• Delta Optical Thin Film A/S.
• Command Arms Accessories LLC
• Black Spider LLC
• Trijicon Electro Optics
• Birmingham Small Arms Company Limited.
• Firefield
• Docter Optics SE.
• Pulsar
What are the Regional Insights into the Firearm Sight Market?
North America was the largest region in the firearm sight market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the firearm sight market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
