Until the past few years, Compound bows were mainly sold in the United States. Many countries did not have access to the equipment. Now that the rest of the world has caught up in technology, the IOC is thinking about allowing compounds in the 2016 Olympiad.
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For a Olympic style bow, that is to say, a recurve bow, no. There is no limitation under FITA or NAA rules. However, for a compound bow (which is not permitted in the Olympics), there may be a limit depending on the governing body.
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1600
The exact year is not documented but the Browning heat compound bow made in the 1970s. Browning Archery was acquired by PSE in 2001.