The increasing application of red dot sight in cameras and telescope is fueling the growth of the market.
Market Size – USD 52.4 Million in 2018, Market Growth - CAGR of 4.7%, Market Trends – Growing adoption of red dot sight for photography
NEW YORK, March 28, 2019 (GLOBE NEWSWIRE) -- The global Red Dot Sight Market is expected to reach USD 76.3 Million by 2026, according to a new report by Reports and Data. It is a small electronic sight system that projects a red dot-shaped on the target for accuracy. These are considered to be fast acquisition and easy to use for gun shooting, especially for beginners.
The application of it is not only limited to firearms. They are used for hunting, in telescope and cameras as well. On cameras they are used to photograph flying aircraft, birds in flight, and other distant, quickly moving subjects. Telescopes have a narrow field of view and therefore are often equipped with a secondary "finder scope" such as a red dot sight. This is also a rage in the gaming world. With the introduction of 3D video games, red dot has become quite popular. Another growing craze is a paintball game where they are used. The market has quite a scope in the coming years.
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North America dominates the market for a red dot sight. Its usage in North America is more owing to the high purchasing power of the people and firearms policy in the U.S. APAC will have a higher growth rate in the coming years owing to the rise in camera and telescopic market and also the gaming consoles.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented global red dot sight market on the basis of type, categories, range, reticles, application, and region:
Type Outlook (Revenue, USD Million; 2018-2026)
Categories Outlook (Revenue, USD Million; 2018-2026)
Range Outlook (Revenue, USD Million; 2018-2026)
Reticles Outlook (Revenue, USD Million; 2018-2026)
Application Outlook (Revenue, USD Million; 2018-2026)
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Regional Outlook (Revenue, USD Million; 2018-2026)
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