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Worldwide Industry for Riflescopes to 2025 – The Military Segment is Expected to Register the Highest Growth – ResearchAndMarkets.com


The Military Segment is Expected to Register the Highest Growth During the Forecast Period
The military segment is expected to witness the highest growth during the forecast period, owing to the modernization programs of various countries. The procurement of new and advanced infantry weaponry, like sniper rifles, light machine guns, and automatic weapon systems, may drive the growth of the segment. For instance, in the coming years, the US Army plans to procure over 120,000 new light machine guns and rifles to replace M4 carbine and M249 squad automatic weapons. Such robust plans are anticipated to generate demand for new and advanced riflescopes during the forecast period. Also, the procurement of advanced scopes by the armed forces for higher accuracy and effectiveness to hit the target may propel the growth during the forecast period. ....

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