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New report shares details about the rangefinder market

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.

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rangefinder market

 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.

Report: www.reportsnreports.com/contacts/r…aspx?name=1151268

Based on type, 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.

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The reduction in the price of laser rangefinders, owing to advancements in semiconductor technology is expected to further fuel the growth of the segment.

Based on end use, 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.

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%

Key Points From Table Of Content:

5 Market Overview

5.1 Introduction
5.2 Market Segmentation
5.2.1 By End Use
5.2.2 By Type
5.2.3 By Range
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Demand for High-Precision Equipment in Industrial Processes
5.3.1.2 Enhanced Accuracy in Sports Activities With the Use of Rangefinders
5.3.1.3 Advancements in Defense Systems With the Use of Rangefinders
5.3.2 Restraints
5.3.2.1 Decline in the Defense Expenditure of Several Developed Countries
5.3.3 Opportunities
5.3.3.1 Use of Rangefinders in Autonomous Cars
5.3.4 Challenges
5.3.4.1 High Cost of the Rangefinder Technology
5.3.4.2 Extensive Use of Radars Instead of Rangefinders for Ranging

Report: www.reportsnreports.com/contacts/.aspx?name=1151268

12 Company Profiles

(Overview, Strength of Product Portfolio , Business Strategy Excellence , Products Offering, Recent Development’s, Business Strategy)*

12.1 Thales Group
12.2 Elbit Systems Ltd.
12.3 Saab Ab
12.4 Lockheed Martin Corporation
12.5 Northrop Grumman Corporation
12.6 Robert Bosch GmbH
12.7 Flir Systems, Inc.
12.8 Rheinmetall AG
12.9 Kongsberg Gruppen Asa
12.10 Carl Zeiss AG

Report: www.reportsnreports.com/contacts/.aspx?name=1151268

Research Coverage:

The study segments the rangefinder market based on end use (defense, commercial and sports), type (laser, ultrasonic), and range (very low (2.5 km)) and maps these segments and subsegments across major regions, including, North America, Europe, Asia Pacific, and Rest of the World. The report provides in-depth market intelligence regarding the market dynamics and major factors, such as drivers, restraints, opportunities, and industry-specific challenges, that influence the growth of the range finder market.

The report also analyzes micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall rangefinder market.

 

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