Factors such as rising geopolitical tensions across borders and increased terrorist attacks are expected to drive market expansion in the near future at a CAGR of Moderate during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Sniper Rifle Market”.

The sniper rifle market is estimated to register a CAGR of Moderate during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global sniper rifle market— &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, PGM Precision, Beretta Holding SA, and H&K AG.

Market Highlights

The global sniper rifle market is accounted to register a CAGR of Moderate during the forecast period and is estimated to reach Significant Value by 2032.

Increased sniper squadrons, engagement profiles, the age of existing guns, the accessibility of technology, and battlefield terrain can all be linked to the acquisition of sniper rifles. The market for sniper rifles is also growing as a result of rising defence spending and endeavours by various militaries to modernise their weapons. Additionally, developments in self-steering bullet technology, bullet loading, and cutting-edge sniper accessory technology are all anticipated to increase the effectiveness and accuracy of sniper rifles throughout the estimated period.

Access full report @ https://www.marketresearchfuture.com/reports/sniper-rifle-market-21737

Segment Analysis

The global sniper rifle market has been segmented based range and application.

On the basis of range, the market is segmented into upto 1,000 meters and beyond 1,000 meters. The upto 1,000 meters segment accounted for the largest revenue share in 2022. This can be attributed to an increase in terrorist attacks and cross-border geopolitical conflicts.  

Based on application, the global sniper rifle market has been segmented into civilian, law enforcement, and military. Military segment dominated the global Sniper Rifle market in 2022. A sniper's primary responsibility in modern combat is to maintain close observation from a concealed place and, if necessary, to reduce the enemy's fighting prowess by eliminating high-value targets.

Regional Analysis

The global sniper rifle market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe sniper rifle market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The sniper rifle market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World sniper rifle market comprises of Middle East, Africa, and Latin America.

The North America sniper rifle market dominated this market in 2022 (45.80%). Military modernization activities and projects in the North American area are anticipated to have a substantial impact on the growth of the sniper rifle market there during the forecast period. The US Marine Corps plans to replace its outdated M40A6 and Mk13 Mod 7 bolt-action sniper rifles in 2022 with the advanced Mk22 Mod 0 from the Barrett company. The Mk22 was initially selected in consultation with the Marine Corps Systems Command, Marine Forces Special Operations Command, and US Army Special Operations Command, according to the manufacturer. Bolt-action precision rifle with a caliber-independent flash and sound suppressor and a 7-35 watt Precision Day Optic, the Mk22 Mod 0 Advanced Sniper Rifle.  Additionally, the rifle is a multi-caliber platform with a 10-round detachable magazine that can be configured to fire 7.62x51mm,.300 NM, or.338 Norma Magnum bullets.

Moreover, Europe sniper rifle market accounted for the healthy market share in 2022. This is due to the presence of France and Russia, the second and third-largest exporters of heavy weapons and sniper rifles, respectively.

Additionally, the Asia Pacific sniper rifle market is expected to register significant growth from 2023 to 2032. The key market players in the region are China and India, who benefit from the escalating need for contemporary ammunition among the military forces. India is one of the top exporters of weapons and ammunition to many countries globally and is expected to remain a prominent supplier during the projected period due to an increase in collaboration agreements with the military organizations of the growing countries.

Furthermore, the rest of the world's sniper rifle market is divided into the Middle East, Africa, and Latin America. The Latin American sniper rifle market is influenced by defense modernization efforts and security concerns. Military and law enforcement agencies in the region seek advanced sniper rifles to enhance long-range capabilities.

Key Findings of the Study

• The global sniper rifle market is expected to reach USD XX Billion by 2032, at a CAGR of XX% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market China and India are the main market-movers in the area, supported by the growing demand for modern ammunition among the armed forces


• Based on application, the military segment was attributed to holding the largest market in 2022.


• &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, PGM Precision, Beretta Holding SA, and H&K AG.