Sniper Rifle Market Analysis, Share, Growth & Forecast 2031

Sniper Rifle Market Analysis, Share, Growth & Forecast 2031

Segments - Sniper Rifle Market by Ranges (Up to 1,000 meters and Beyond 1,000 meters), Usage (Civilian, Law Enforcement, and Military), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : Indranil Bose
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Editor : Shruti Bhat

Upcoming | Report ID :AD-1405 | 4.7 Rating | 81 Reviews | 184 Pages | Format : PDF Excel PPT

Report Description


The Global Sniper Rifle Market size was USD 2.6 Billion in 2022 and is likely to reach USD 4.13 Billion by 2031, expanding at a CAGR of 5.30% during 2023–2031. The growth of the market is attributed to the rising application of sniper rifles in defense. Moreover, rising investment in the military by government agencies is driving the market growth.

Sniper rifles are used in both military as well as law enforcement applications and are precise and support long-range target. The long-range precision rifles are also widely used in civil applications, such as hunting. The advancement in technology has brought semi-automation in rifles.

Sniper Rifle Market Outlook

Sniper rifle is a portable shoulder-fired weapon system with a choice between bolt-action or semi-automatic action, fitted with a telescopic sight for accuracy. The primary function of sniper includes providing detailed monitoring from a covered position and neutralizing high-value targets to reduce the enemy’s battle. Sniper operations are unique owing to the integration of the tool that provides required level of precision.

  • Growing demand for advanced weapons is anticipated to drive the market expansion during the forecast period.

  • Ongoing development of existing military equipment is projected to push the sniper rifles market growth in the coming years.

  • Growing usage of long-range precision sniper rifles for commercial applications is propelling the market growth

  • Increasing number of sniper squadrons, engagement profiles, and availability of technology is projected to spur the market growth in the projected timeline.

  • Declining sales of long-range sniper rifles owing to stringent government regulations can hamper the market growth.

  • The COVID-19 outbreak led to the supply chain disruption, restricting the market expansion. However, the market is expected to recover soon.

  • Rising development of self-steering bullets, bullet loading, and cutting-edge sniper rifle accessories are expected to create opportunities for the market expansion during the forecast period.

Scope of Sniper Rifle Market Report

The report on the global sniper rifle market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Sniper Rifle Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Ranges (Up to 1,000 meters and Beyond 1,000 meters) and Usage (Civilian, Law Enforcement, and Military)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

FN HERSTAL, Remington Arms Company LLC, Beretta Holding SA, H&K AG, and Accuracy International.

 

Sniper Rifle Market Segment Insights

Beyond 1,000 meters segment to constitute a large market share

 In terms of ranges, the sniper rifle market is bifurcated into up to 1,000 meters and beyond 1,000 meters. The latter segment is expected to account for a key market share during the forecast period owing to militaries across the world prefer sniper rifles that have a long-range of over 1,000 meters. Moreover, law enforcement agencies are procuring rifles with a range of over 1,000 meters, driving the market segment growth. Armed forces of several countries and rifle manufacturers are collaborating to develop advanced sniper rifles with increased range and accuracy. The latest rifles allow hitting targets at over 1.5 km under any weather conditions without prior adjustments.

Military segment account to expand at a significant pace

Based on usage, the sniper rifle market is segmented into civilian, law enforcement, and military. The military segment is expected to grow at a robust pace in the coming years due to, the increasing defense expenditure and the equipment modernization initiatives from various armed forces. Growing adoption of latest technology to strengthen the military base. Furthermore, rising security threats and growing geopolitical issues across the borders are creating demand for the sniper rifles, propelling the expansion of the segment market share.

Sniper Rifle Market Usage

North America to dominate the market

On the basis of regions, the sniper rifle market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to rising investment of the US on the defense sector. On the other hand, the market in Asia Pacific is anticipated to exhibit a high CAGR due to growing investment of emerging countries such as China and India to strengthen the military force.

Sniper Rifle Market Regions

Segments

Segments Covered in the Report
The global sniper rifle market has been segmented on the basis of

Ranges

  • Up to 1,000 meters
  • Beyond 1,000 meters

Usage

  • Civilian
  • Law Enforcement
  • Military

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • FN HERSTAL
  • Remington Arms Company LLC
  • Beretta Holding SA
  • H&K AG
  • Accuracy International

Competitive Landscape

Key players competing in the sniper rifle market include FN HERSTAL, Remington Arms Company LLC, Beretta Holding SA, H&K AG, and Accuracy International.

Sniper Rifle Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sniper Rifle Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Sniper Rifle Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Sniper Rifle Market - Supply Chain
  4.5. Global Sniper Rifle Market Forecast
     4.5.1. Sniper Rifle Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Sniper Rifle Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Sniper Rifle Market Absolute $ Opportunity
5. Global Sniper Rifle Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Sniper Rifle Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Sniper Rifle Demand Share Forecast, 2019-2026
6. North America Sniper Rifle Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Sniper Rifle Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Sniper Rifle Demand Share Forecast, 2019-2026
7. Latin America Sniper Rifle Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Sniper Rifle Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Sniper Rifle Demand Share Forecast, 2019-2026
8. Europe Sniper Rifle Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Sniper Rifle Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Sniper Rifle Demand Share Forecast, 2019-2026
9. Asia Pacific Sniper Rifle Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Sniper Rifle Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Sniper Rifle Demand Share Forecast, 2019-2026
10. Middle East & Africa Sniper Rifle Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Sniper Rifle Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Sniper Rifle Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Sniper Rifle Market: Market Share Analysis
  11.2. Sniper Rifle Distributors and Customers
  11.3. Sniper Rifle Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. FN HERSTAL
     11.4.2. Remington Arms Company LLC
     11.4.3. Beretta Holding SA
     11.4.4. H&K AG
     11.4.5. Accuracy International

Methodology

Our Clients

FedEx Logistics
Microsoft
General Electric
Nestle SA
Honda Motor Co. Ltd.
The John Holland Group
Siemens Healthcare
Pfizer