Tactical Optic Market Report: Trends, Forecast and Competitive Analysis to 2030

Tactical Optic Trends and Forecast

The future of the global tactical optic market looks promising with opportunities in the intelligence, surveillance, & reconnaissance, target acquisition & identification, search & rescue, and border & coastal patrol markets. The global tactical optic market is expected to reach an estimated $13.3 billion by 2030 with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are rising procurement of military equipment and growing need for EO/IR cameras.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Tactical Optic by Segment

The study includes a forecast for the global tactical optic by product type, platform, application, end use, and region.

Tactical Optic Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Weapon Scopes & Sights
• Handheld Sighting Device
• Camera & Display

Tactical Optic Market by Platform [Shipment Analysis by Value from 2018 to 2030]:

• Ground
• Naval
• Airborne

Tactical Optic Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Intelligence, Surveillance, & Reconnaissance (ISR)
• Target Acquisition & Identification
• Search & Rescue
• Border & Coastal Patrol
• Others

Tactical Optic Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Manned Platform
• Weapon Mounted
• Soldier
• Unmanned Platform
• Others

Tactical Optic Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Tactical Optic Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies tactical optic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the tactical optic companies profiled in this report include-

• Leonardo
• BAE Systems
• Kongsberg Gruppen
• Raytheon
• Saab
• Sig Sauer
• Bushnell

Tactical Optic Market Insights

Lucintel forecasts that airborne is expected to witness the highest growth over the forecast period.

Within this market, target acquisition & identification will remain the largest segment over the forecast period.

APAC will remain the largest region over the forecast period.

Features of the Global Tactical Optic Market

Market Size Estimates: Tactical optic market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Tactical optic market size by various segments, such as by product type, platform, application, end use, and region in terms of value ($B).

Regional Analysis: Tactical optic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, platforms, applications, end uses, and regions for the tactical optic market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the tactical optic market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the tactical optic market size?

Answer: The global tactical optic market is expected to reach an estimated $13.3 billion by 2030.

Q2. What is the growth forecast for tactical optic market?

Answer: The global tactical optic market is expected to grow with a CAGR of 5.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the tactical optic market?

Answer: The major drivers for this market are rising procurement of military equipment and growing need for EO/IR cameras.

Q4. What are the major segments for tactical optic market?

Answer: The future of the tactical optic market looks promising with opportunities in the intelligence, surveillance, & reconnaissance, target acquisition & identification, search & rescue, and border & coastal patrol markets.

Q5. Who are the key tactical optic market companies?

Answer: Some of the key tactical optic companies are as follows:

• Leonardo
• BAE Systems
• Kongsberg Gruppen
• Raytheon
• Saab
• Sig Sauer
• Bushnell

Q6. Which tactical optic market segment will be the largest in future?

Answer: Lucintel forecasts that airborne is expected to witness the highest growth over the forecast period.

Q7. In tactical optic market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the tactical optic market by product type (weapon scopes & sights, handheld sighting device, and camera & display), platform (ground, naval, and airborne), application (intelligence, surveillance, & reconnaissance (ISR), target acquisition & identification, search & rescue, border & coastal patrol, and others), end use (manned platform, weapon mounted, soldier, unmanned platform, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?