According to the research report titled ‘Global Smart Assault Rifle Market Size study, by Product (Telescopic Sight, Collimating Optical Sight, Reflex Sight) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global smart assault rifle market is anticipated to grow considerably during 2021-2027.
 

Report findings suggest that increasing military expenditure, surge in terrorist activities, and rising threats from neighbouring countries are the major growth catalysts for global smart assault rifle market.
 

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According to the Europol - EU Terrorism Situation & Trend report published in 2021, there were 57 terrorist attempts in the EU in 2020 (including successful, unsuccessful, and foiled attempts), up from 55 in 2019.
 

For the unversed, a rifle is a firearm with a barrel that has a helical groove or pattern of grooves cut into the barrel walls and is meant to be fired from the shoulder. When opposed to a smoothbore barrel, a rifled barrel gives a projectile significantly more precision.
 

Speaking of restraints, high maintenance expenses of smart assault rifle may stifle the industry expansion between 2021 and 2027.
 

Based on product terrain, worldwide smart assault rifle marketplace is divided into reflex sight, collimating optical sight, and telescopic sight.
 

Considering the regional point of view, the latest trends are studied across North America (U.S., Canada), Europe (UK, Germany, Italy, Spain, France), Asia Pacific (India, China, South Korea, Australia, Japan), Latin America (Brazil, Mexico), and rest of the world to better understand the market potential over the analysis timeframe.
 

Among these, North America market holds the substantial share at present, owing to presence of major players in the region.
 

Whereas Asia Pacific market is reckoned to grow at a rapid rate over the analysis period 2021-2027, due to growing conflicts between nations, and rising terrorist activities.
 

Kel-Tec CNC Industries Inc., Israel Weapon Industries, Heckler & Koch GmbH, D.S. Arms, Fabrique Nationale Herstal, DPMS Inc., Bushmaster Firearms International LLC, Colt's Manufacturing Company LLC, Beretta Holding S.p.A., Springfield Armory Inc., and CNC Industries Ltd. are the major players influencing the worldwide smart assault rifle industry trends.
 

These behemoths are undertaking strategies like mergers & acquisitions, collaborations & partnerships, and innovative launches to strengthen their position in the market.