Riflescopes currently are based on advanced optics and there are optics program that are working on digitalization and computerization of optics. For instance, current hunting scopes have the capability to be calibrated to specific calibres which can calculate the bullet’s arced trajectory and can be with integrated laser range finders which display the range to the target on the inside of the scope’s objective lens.

The Market is estimated to be worth $1,583.1 million in 2020 and is expected to record favourable growth rates. There are more than 50,000 military aircraft in service around the globe, out of which the largest share is held by the US with around 13,000 aircraft in service .In spite of the major cuts in the defence budgets of developed economies in the past years, spending is expected to increase in the coming years owing to the rising international tensions.

The global unmanned surface vehicle market was valued at US$645 million in 2019 and is expected to surpass US$2,020.8 million by 2030 (post COVID-19) while growing at a CAGR of over 11% over 2020-2030. Increasing demand for water quality monitoring and ocean data mapping along with growing need to enhance maritime security are key factors driving the growth of the global unmanned surface vehicle market.

Technological advancements in automatic weapons, rise in military expenditures especially of major economies, ongoing military modernization programs worldwide, growing need for artillery systems by defence forces and increasing adoption rate of Tas-supported equipment by defence forces are some of the key factors which will positively impact the market.