Global Sniper Rifle Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Bolt-Action, Semi-Automatic Action.

By Range;

Up to 1,000 meters, Beyond 1,000 meters.

By Usage;

Civilian and Law Enforcement and Military.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn350206130 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Sniper Rifle Market (USD Million), 2020 - 2030

In the year 2023, the Global Sniper Rifle Market was valued at USD 3,076.02 million. The size of this market is expected to increase to USD 4,579.70 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.9%.

The global sniper rifle market represents a vital segment within the defense industry, characterized by the production and procurement of highly accurate and long-range firearms designed for precision marksmanship in military and law enforcement applications. Sniper rifles play a crucial role in modern warfare, offering snipers the ability to engage targets at extended distances with exceptional accuracy and lethality. These weapons are instrumental in providing overwatch, reconnaissance, and counter-sniper capabilities, enabling forces to neutralize high-value targets, disrupt enemy operations, and provide critical support to ground troops.

The market for sniper rifles is driven by various factors, including evolving security threats, advancements in rifle technology, and military modernization initiatives. With the emergence of asymmetric warfare and urban combat environments, the demand for precision rifles capable of engaging targets at extended ranges has surged. Additionally, the need for precision marksmanship in counter-terrorism operations, border security, and special operations missions further drives the procurement of sniper rifles by defense and law enforcement agencies worldwide.

Moreover, technological advancements have led to the development of next-generation sniper rifle systems equipped with advanced optics, ergonomic features, and modular designs. These rifles incorporate cutting-edge materials and manufacturing processes to enhance accuracy, reduce weight, and improve overall performance. Furthermore, integration with digital technologies such as ballistic calculators, rangefinders, and night vision optics enhances the effectiveness and versatility of sniper rifle platforms, enabling snipers to operate with precision in diverse environmental conditions and operational scenarios. As defense budgets increase and security challenges evolve, the global sniper rifle market is expected to witness sustained growth, with manufacturers focusing on innovation and customization to meet the evolving requirements of military and law enforcement customers.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Range
    3. Market Snapshot, By Usage
    4. Market Snapshot, By Region
  4. Global Sniper Rifle Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Evolving Security Threats
        2. Military Modernization Initiatives
        3. Advancements in Rifle Technology
      2. Restraints
        1. Regulatory Challenges
        2. High Costs of Advanced Systems
        3. Limited Adoption in Non-Military Sectors
      3. Opportunities
        1. Counter-Terrorism Operations
        2. Border Security Enhancements
        3. Technological Innovation and Customization
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Sniper Rifle Market, By Type, 2022 - 2032 (USD Million)
      1. Bolt-Action
      2. Semi-Automatic Action
    2. Global Sniper Rifle Market, By Range, 2022 - 2032 (USD Million)
      1. Up to 1,000 meters
      2. Beyond 1,000 meters
    3. Global Sniper Rifle Market, By Usage, 2022 - 2032 (USD Million)
      1. Civilian and Law Enforcement
      2. Military
    4. Global Sniper Rifle Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. S&T Motiv Co. Ltd
      2. Savage Arms
      3. FN HERSTAL
      4. Remington Arms Company LLC
      5. Knights Armament Co
      6. Accuracy International
      7. STRATEGIC ARMORY CORPS
      8. PGW Defence Technology Inc
      9. Zastava arms
      10. B&T AG
      11. Denel SOC Ltd
      12. PGM Precision
  7. Analyst Views
  8. Future Outlook of the Market

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