For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Market Overview of Global Precision Guided Firearm market:
According to our latest research, the global Precision Guided Firearm market looks promising in the next 5 years. As of 2022, the global Precision Guided Firearm market was estimated at USD 29.37 million, and it's anticipated to reach USD 1422.45 million in 2028, with a CAGR of 90.92% during the forecast years.
Precision guided firearms (PGFs) are long-range rifle systems designed to improve the accuracy of shooting at targets at extended ranges through target tracking, heads-up display and advanced fire control.
Assessment of the Overall Impact of COVID-19 on the Industry
The massive spread of COVID-19 has forced the government to intervene. People will also reduce travel and consumption for health reasons, and companies will postpone their operations. This will seriously affect the national economy, especially the tertiary and secondary industries. The precision guided firearm industry is one of the most vulnerable industries affected by the COVID-19 economic blockade. The longer the on-site asylum order takes effect, the longer it will take for businesses and consumers to restart and resume normal activities.
Affected by COVID-19, most companies selling precision guided firearm have changed their working hours or services. As the epidemic worsens, North American cross-border logistics services and flights have been affected to a certain extent, so transportation has become a major issue. Therefore, in the short term, the precision guided firearm industry will be affected by COVID-19.
Company Overview:
TrackingPoint (Talon Precision Optics) is one of the major players operating in the Precision Guided Firearm market, holding a share of 31.65% in 2021.
TrackingPoint (Talon Precision Optics)
Developer of a revolutionary technology intended to provide precision guided firearms, ammunitions and weapons. TrackingPoint (Talon Precision Optics)' technology creates Precision-Guided Firearm, an advanced new shooting system that puts fighter jet lock-and-launch technology in small arms, enabling shooters to make shots previously considered beyond human ability.
Smart Shooter was established to develop innovative technologies that help military and law enforcement professionals swiftly and accurately neutralize their targets. The company's technology combines electro-optics, image processing, real-time embedded software, ergonomics, and system engineering to provide real and affordable solutions for modern symmetric and asymmetric conflicts.
Segmentation Overview:
Among different product types, Semi-automatic Systems segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Military segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Precision Guided Firearm market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Precision Guided Firearm Market Report:
Market Size Estimates: Precision Guided Firearm market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Precision Guided Firearm market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Precision Guided Firearm market
Segment Market Analysis: Precision Guided Firearm market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Precision Guided Firearm market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Precision Guided Firearm Market: Revenue and sales volume of major countries in each region
Precision Guided Firearm Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Precision Guided Firearm market in major regions.
Precision Guided Firearm Industry Value Chain: Precision Guided Firearm market raw materials & suppliers, manufacturing process, distributors, downstream customers
Precision Guided Firearm Industry News, Policies & Regulations
Key players in the global Precision Guided Firearm market are covered in Chapter 12:
TrackingPoint (Talon Precision Optics)
Smart Shooter
In Chapter 2 and Chapter 15.1, based on types, the Precision Guided Firearm market from 2018 to 2028 is primarily split into:
Bolt-action Systems
Semi-automatic Systems
In Chapter 3 and Chapter 15.2, based on applications, the Precision Guided Firearm market from 2018 to 2028 covers:
Sport Shooting Competitions
Military
Hunting
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Precision Guided Firearm market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028