Global Sniper Rifle Market Size study & Forecast, by Range (Up to 1,000 meters and beyond 1000 meters.), Application (Civilian, Law Enforcement, and Military), and Regional Analysis, 2022-2029

Global Sniper Rifle Market Size study & Forecast, by Range (Up to 1,000 meters and beyond 1000 meters.), Application (Civilian, Law Enforcement, and Military), and Regional Analysis, 2022-2029

Global Sniper Rifle Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Sniper rifles are long-range, high-precision rifles used in both military and law enforcement applications. The modern sniper rifle is a shoulder-fired weapon system that can be either bolt action or semi-automatic. It has a telescopic sight for pinpoint accuracy. The Sniper Rifle market is expanding because of factors such as the rising defense budget and military modernization programs is driving the market growth.

According to Statista in 2022, the spending towards the military across the globe is rising. the United States has spent around USD 801 billion contributing 38 % of the total military spending globally. Also, public expenditure on defense accounted for around USD 76.6 billion in 2021. Whereas rising procurement of sniper rifles and technological advancement and innovations create lucrative opportunities for the market. However, stringent government regulations hamper the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Sniper Rifle Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing military modernization programs and initiatives by market players across the region. Whereas North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as growing technological advancement and innovations across the region in the forecast period.

Major market players included in this report are:
S&T Motiv Co. Ltd
Savage Arms
FN HERSTAL
Remington Arms Company LLC
Knights Armament Co.
Accuracy International
STRATEGIC ARMORY CORPS.
Zastava arms
B&T AG
Denel SOC Ltd
Recent Developments in the Market:
 In 2019, the company introduced the MRAD (Multi-Role Adaptive Design) sniper rifle, which features a quick-change barrel system and can be configured for various calibers.
 In 2019, the company launched the AXSR (Advanced Sniper Rifle), which features a modular design and can be customized for specific mission requirements.
Global Sniper Rifle Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Range, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Range:
Up to 1,000 Meters
Beyond 1,000 Meters

By Application:
Civilian
Law Enforcement
Military

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned
S&T Motiv Co. Ltd
Savage Arms
FN HERSTAL
Remington Arms Company LLC
Knights Armament Co.
Accuracy International
STRATEGIC ARMORY CORPS.
Zastava arms
B&T AG
Denel SOC Ltd

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