Business Services News

Business Services News

Breaking News on Business Services

Home > Business Services Search Engine                                 

Business Services News -- Video Feeds
  • Advertising
  • Careers
  • Corporate news
  • Economy
  • Markets
  • Small Business
  • Personal Finance
  • Regulatory and Compliance
  • Business News

    Tactical Optics Market worth $13.0 billion by 2025

    (I-BusinessNews.Com, September 29, 2021 ) The report "Tactical Optics Market by Product (Weapon Scopes & Sights, Handheld Sighting Devices, Cameras & Displays), Platform, Application (ISR, Target Acquisition & Identification, Border & Coastal Patrol), End Use, Range, and Region - Global Forecast to 2025", is projected to grow from USD 9.7 billion in 2020 to USD 13.0 billion by 2025, at a CAGR of 6.1% from 2020 to 2025. The market growth can be mainly attributed to the increasing procurement of armored vehicles, rotorcraft, machine guns, and aircraft by militaries globally and the ongoing modernization of naval platforms by various countries.

    Download PDF Brochure @

    The airborne platform segment is projected to register the highest CAGR during the forecast period

    By platform, the airborne segment is projected to register the highest CAGR from 2020 to 2025, due to the increasing use of Unmanned Aerial Vehicles (UAVs) for surveillance and assault and rising orders for fighter aircraft and attack helicopters by various countries, such as India, China, the US, and Saudi Arabia.

    The manned platform end use segment is projected to lead the tactical optics market from 2020 to 2025.

    By end use, the manned platform segment is projected to lead the tactical optics market during the forecast period. This segment is driven by the high demand for tactical optics, such as riflescopes, binoculars, spotting scopes, night vision goggles, and thermal weapon sights. Significant investments for infantry soldiers by countries such as the US, Saudi Arabia, India, China, and South Korea are driving the overall market.

    North America is projected to be a high growth market for tactical optics during the forecast period.

    The tactical optics market in North America is projected to grow at the highest CAGR during the forecast period. Multiple modernization programs by the US Army, Navy, and Air Force are contributing to the growth of the tactical optics market in this region.

    The tactical optics industry includes major Tier 1 players, such as Kongsberg Gruppen AS (Norway), Raytheon Company (US), Elbit Systems Ltd. (Israel), Saab AB (Sweden), Leonardo S.p.A (Italy), and BAE Systems plc (UK). These companies offer advanced electro-optic cameras and thermal cameras, which make up the majority of the tactical optics market. The tactical optics industry also constitutes Tier 2 and Tier 3 players who offer tactical optics for dismounted soldiers, which cost comparatively lesser. These players include Sig Sauer, Inc. (US), Vortex Optics (US), Bushnell Corporation (US), and Leupold & Stevens, Inc. (US).

    In January 2019, Sig Sauer, Inc. was awarded a contract worth USD 12 million by the US SOCOM for the supply of its Electro-Optics TANGO6T 1-6×24 Second Focal Plane (SFP) Riflescope and ALPHA4 Ultralight Mount, allowing the company to increase its share in the riflescopes market.

    In September 2018, Leonardo S.p.A. received a contract worth USD 18 million from the Naval Surface Warfare Center for the supply of Improved Night Observation Device (INOD) Block III thermal weapon sight for marine snipers.

    In March 2018, BAE Systems plc secured a contract worth USD 97 million from the US Army for the supply of new night vision goggles and thermal weapon sights.

    Ask for Sample Report @

    About MarketsandMarkets™

    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

    MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


    Mr. Aashish Mehra


    Source: EmailWire.Com


    Business News Feeds
  • Business News - Top Stories
  • Company Earnings
  • Economy
  • Personal Finance
  • Real Estate
  • Stock Markets
  • Business Services Sponsors

    Business Services Ads

    Business Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    CIO Insight
    Managed Healthcare Executive
    Mortgage Technology

    No credit cards, coupons, or promo codes required. Try it today!

    Press release service

    :: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

    For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at

    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    I-BusinessNews.Com is a business news service of GroupWeb Media LLC