Rangefinder Market to Grow at 21.91% CAGR to 2022

The rangefinder market is projected to grow from an estimated USD 1.32 billion in 2017 to USD 3.57 billion by 2022, at a CAGR of 21.91% from 2017 to 2022. The factors expected to drive the market in the coming years are increased focus on the modernization of the defense equipment by various countries and rise in the demand for rangefinders for accuracy in sports activities.

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The laser segment is estimated to be a larger segment of the rangefinder market during the forecast period. The growth of the laser segment can be attributed to the rising need for accurate and precise information about an object from long distances.

Introduction

1 Objectives of the Study

2 Market Definition

3 Market Scope

4 Markets Covered

5 Geographic Scope

6 Years Considered for the Study

7 Currency & Pricing

8 Limitations

9 Market Stakeholders

Click Now for More Information on “Rangefinder Market by Type (Ultrasonic & Laser), End Use (Defense, Commercial & Sports), Range (Very Low (<50 M), Low (50 M To 500 M), Medium (500 M To 2.5 Km), & High (>2.5 Km)) and Region – Global Forecast to 2022”report now at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1161507 .

Asia Pacific is projected to be the fastest-growing market for rangefinders during the forecast period Asia Pacific is expected to be the fastest-growing market for rangefinders during the forecast period. The growth of the market can be attributed to the increased military expenditure and rise in automation in various industrial processes, particularly in the Asian economies of India and China.

Break-up of the profile of primary participants for this report:

• By Company Type: Tier 1 – 35%, Tier 2 – 45%, Tier 3 – 20%
• By Designation: C level – 35%, Director level – 25%, Others – 40%
• By Region: North America –26%, Europe – 30%, Asia-Pacific – 22%, South America – 13% and the Middle East and Africa – 9%

Some of the key players operating in the rangefinder market include Elbit Systems Ltd. (Israel), Kongsberg Gruppen ASA (Norway), Lockheed Martin Corporation (US), Saab AB (Sweden), and Thales Group (France).

The commercial segment is estimated to be the largest segment of the rangefinder market during the forecast period. One of the key factors expected to propel the demand for rangefinders in the commercial sector is the increasing adoption of automation in the automotive, process industry and construction industries.

Rangefinder Market, By Range

1 Introduction

2 Very Low (< 50 M)

3 Low (50 M to 500 M)

4 Medium (500 M to 2.5 Km)

5 High (>2.5 Km)

Competitive Landscape

1 Introduction

2 Market Ranking of Players, 2016

3 Competitive Leadership Mapping

4 Visionary Leaders

5 Innovators

5 Dynamic Differentiators

6 Emerging Companies

7 Competitive Benchmarking

8 Strength of Product Portfolio (23 Companies)

9 Business Strategy Excellence (23 Companies)

The study segments the rangefinder market based on end use (defense, commercial and sports), type (laser, ultrasonic), and range (very low (<50 m), low (50 m to 500 m), medium (500 m to 2.5 km), and high (>2.5 km)) and maps these segments and subsegments across major regions, including, North America, Europe, Asia Pacific, and Rest of the World.

List of Tables

1 Rangefinder Market, By End Use

2 Rangefinder Market, By Type

3 Rangefinder Market, By Range

4 Innovation & Patent Registrations, 2014-2017

5 Rangefinder Market Size, By Type, 2015-2022 (USD Million)

6 Rangefinder Market Size, By End Use, 2015-2022 (USD Million)

7 Commercial Segment, By Subsegment, 2015–2022 (USD Million)

8 Defense Segment, By Subsegment, 2015–2022 (USD Million)

9 Ground-Based Subsegment, By Type, 2015–2022 (USD Million)

10 Airborne Subsegment, By Type, 2015–2022 (USD Million)

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