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Home » Aerospace and Defense » Tactical Optics Market Size, Share Report

Tactical Optics Market By Product Type (Riflescopes, Red Dot Sights, Thermal Imaging Devices, Night Vision Devices, Laser Rangefinders, Binoculars, Spotting Scopes); By Technology (Thermal Imaging, Infrared [IR] Optics, Laser-Based Optics, Electro-Optics, Analog Optics); By Application (Military & Defense, Law Enforcement, Hunting & Shooting Sports, Surveillance, Others [Rescue Operations, Navigation]); By End-User (Armed Forces, Police & Security Agencies, Commercial/Civilian [Hunters, Recreational Shooters], Special Forces); By Geography, Segment revenue estimation, Forecast, 2024-2032.

Published On: OCT-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 91462106

The tactical optics market was worth USD 5.2 billion in 2023 and will be worth USD 9.27 billion by 2030, growing at a CAGR of 7.5% during the forecast period.

 

The growing need for better surveillance and targeting equipment, including more precise firearms for military and police operations, and the growing popularity of precision shooting sports for civilians, drive the demand for tactical optics. Globally, the defense budget for 2022 was more than $2 trillion, and a major part of it was dedicated to enhancing soldier systems such as night vision, thermal imaging, and rangefinders. For instance, in 2023, the United States Army procured more Enhanced Night Vision Goggle-Binoculars (ENVG-B) for its troops to be used in night vision optics with higher visibility of targets at night.  Additionally, advancements in lightweight, high-precision optics for hunting and competitive shooting have increased consumer demand for tactical optics in the civilian market, further driving the market's growth. These developments highlight the importance of optics in modern warfare and civilian use.

 

The tactical optics market promises substantial potential because industrially developed. Countries require high-performance, lightweight optical systems for both military and civilian applications. The small arms market is anticipated to post over 6 percent annual growth worldwide – spurring high-performance optotypes including red dot sights, thermal scopes, and night vision devices. Changes such as the 2023 release of the ‘Razor HD Gen III series by Vortex Optics that has both accuracy and shield for use by the military and in competitions are examples of growth this industry could depict. Also, increased border security issues and the advancements in military forces in countries like India and China provide newer opportunities for using tactical optics in law enforcement and military use. These and the rising recreational shooting activities provide market opportunity for the increasing tactical optics market.

 

Market Segmentation

By Product Type:

  • Riflescopes

  • Red Dot Sights

  • Thermal Imaging Devices

  • Night Vision Devices

  • Laser Rangefinders

  • Binoculars

  • Spotting Scopes

 

By Technology:

  • Thermal Imaging

  • Infrared (IR) Optics

  • Laser-Based Optics

  • Electro-Optics

  • Analog Optics

 

By Application:

  • Military & Defense

  • Law Enforcement

  • Hunting & Shooting Sports

  • Surveillance

  • Others (Rescue Operations, Navigation)

 

By End-User:

  • Armed Forces

  • Police & Security Agencies

  • Commercial/Civilian (Hunters, Recreational Shooters)

  • Special Forces

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • India

  • China

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Argentina

  • Uruguay

  • Saudi Arabia

  • Rest of LAMEA

 

The North American region owns the largest share of the tactical optics market due to the increased defense budgetary allocation and the existence of firearms users. The overall defense budget of the U.S. in 2022 was over $800 billion, equating to nearly 40 % of total world expenditure, which has generated significant interest for high-end tactical optics in military and law enforcement applications. Further, hunting and shooting activities, especially in the U.S. and Canada, require precise optical components like rifle scopes and thermal imaging systems. In 2023, the U.S. Company Leupold & Stevens launched a new range of lightweight and high-performance optics for military and civilian applications thus strengthening once again North American dominant position. As for the tactical optics market, interest in the modernization of defense segments and a diverse consumer base for recreational optics still means that North America remains the leader in the industry.

 

Key Players

  • Leupold & Stevens, Inc.

  • Trijicon, Inc.

  • Vortex Optics

  • EOTECH

  • FLIR Systems, Inc.

  • ATN Corporation

  • Bushnell Corporation

  • Schmidt & Bender GmbH

  • Nightforce Optics

  • Aimpoint AB

Frequently Asked Question About This Report

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Table of Contents

1.    TACTICAL OPTICS MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    TACTICAL OPTICS MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – TACTICAL OPTICS MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Product Type of TACTICAL OPTICS and End-Use Outlook Analysis
4.    HISTORIC TRENDS IN TACTICAL OPTICS MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA TACTICAL OPTICS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America TACTICAL OPTICS Historical Market ($MILLION), (2017 – 2023)
6.2. North America TACTICAL OPTICS Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type
6.3.1. Riflescopes
6.3.2. Red Dot Sights
6.3.3. Thermal Imaging Devices
6.3.4. Night Vision Devices
6.3.5. Laser Rangefinders
6.3.6. Binoculars
6.3.7. Spotting Scopes
6.4. North America TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology
6.4.1. Thermal Imaging
6.4.2. Infrared (IR) Optics
6.4.3. Laser-Based Optics
6.4.4. Electro-Optics
6.4.5. Analog Optics
6.5. North America TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
6.5.1. Military & Defense
6.5.2. Law Enforcement
6.5.3. Hunting & Shooting Sports
6.5.4. Surveillance
6.5.5. Others (Rescue Operations, Navigation)
6.6. North America TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User
6.6.1. Armed Forces
6.6.2. Police & Security Agencies
6.6.3. Commercial/Civilian (Hunters, Recreational Shooters)
6.6.4. Special Forces
6.7. North America TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.7.1. USA
6.7.2. Canada
6.7.3. Rest of North America
7.    USA TACTICAL OPTICS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE TACTICAL OPTICS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe TACTICAL OPTICS Historical Market ($MILLION), (2017 – 2023)
8.2. Europe TACTICAL OPTICS Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type
8.4. Europe TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology
8.5. Europe TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
8.6. Europe TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User
8.7. Europe TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.7.1. Germany
8.7.2. France
8.7.3. UK
8.7.4. Italy
8.7.5. Spain
8.7.6. Rest of Europe
9.    APAC TACTICAL OPTICS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC TACTICAL OPTICS Historical Market ($MILLION), (2017 – 2023)
9.2. APAC TACTICAL OPTICS Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type
9.4. APAC TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology
9.5. APAC TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
9.6. APAC TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User
9.7. APAC TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.7.1. China
9.7.2. Japan
9.7.3. South Korea
9.7.4. India
9.7.5. Australia
9.7.6. Rest of APAC
10.    LATIN AMERICA TACTICAL OPTICS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America TACTICAL OPTICS Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America TACTICAL OPTICS Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type
10.4. Latin America TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology
10.5. Latin America TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
10.6. Latin America TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User
10.7. Latin America TACTICAL OPTICS Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.7.1. Brazil
10.7.2. Argentina
10.7.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. Leupold & Stevens, Inc.
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. Trijicon, Inc.
11.3. Vortex Optics
11.4. EOTECH
11.5. FLIR Systems, Inc.
11.6. ATN Corporation
11.7. Bushnell Corporation
11.8. Schmidt & Bender GmbH
11.9. OTHER MARKET PLAYERS