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) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022
A rangefinder is a device which is used to measure distance from the observer to the target. It is a type of high-precision equipment mostly used by the defense and security agencies.
Recently, rangefinders are being used for commercial purposes such as in industrial automation processes and in sports. It provides highly accurate and reliable information to its user.
Rangefinders are used most extensively by all defense agencies, be it airborne, naval, or ground platforms. This report studies the current and future aspects of rangefinder market.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the rangefinder market.
The scope of this report covers the rangefinder market by its major segments, which include the types, applications, and the major geographic regions.
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The global rangefinder market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor of the rangefinder market.
The region shall continue to grow at a rapid pace during the forecasted period because of ever-increasing demand for rangefinders in countries like U.S and Canada. Next in line is Europe and Asia Pacific region which is witnessing a fast-paced growth because of rapid modernization in defense equipment.
Also, Government, defense, and other security agencies are investing in upgrading the existing equipment, which is boosting the market growth further.
This report analyzes the rangefinder market by the following segments:
- Rangefinder Market, by Type
- Rangefinder Market, by End-use
- Rangefinder Market, by Range
- Very Low (<50 m)
- Low (50 m to 500 m)
- Medium (500 m to 2.5 km)
- High (>2.5 km)
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