Military Laser Rangefinder Market 2018 by Type (Vehicle Mounted and Man Portable), Application, and Regions - Global Forecast To 2023

Market Highlights:

Development of 21st century digital warfare means has changed the outlook on defense. Many countries have been rapidly moving towards up gradation of their current airborne offence & defense systems. This never-ending race between detection and stealth technologies is the major reason for rapid developments within technologies such as drones, and military rangefinders as well as their applications. Military Laser Rangefinders Market is expected to be driven primarily by growing demand for lightweight laser rangefinders and miniature rangefinders. Lightweight rangefinders provide advantages such as faster mobility, and significantly reduced fatigue among troops on account of low weight as well as added built-in functions such as GPS, and data sharing. Miniature rangefinders are also expected to find increased preference in the next few years. Miniature rangefinders not only allow size advantage but also provide with increased accuracy & safety as well as efficient military operations.

Ability to achieve high level of integration and interoperability along with unmanned air vehicles (UAV) is expected to create large opportunities for laser rangefinders. Inception of miniature rangefinders, coupled with the rapid implementation of UAVs for numerous military operations has opened up an entirely new avenue for the laser rangefinder market.

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Major key Players

L3 Technologies,
Leonardo,
Northrop Grumman,
Thales,
UTC Aerospace Systems,
Elbit Systems,
FLIR Systems,
General Atomics,
Gooch & Housego, and RPMC Lasers.
In 2016, these companies accounted for a share of of the global market.

The Military Laser Rangefinder Market was valued at USD 530.2 million in 2016 and is expected to reach USD 803.4 million by 2023 with a CAGR 6.29%, during the forecast period 2017-2023.

Global Military Laser Rangefinder Market – Regional Analysis
North America held a dominant one-third share of the global market for military laser rangefinders market in 2016. One of the prime reasons for its dominance is the presence of major manufacturers and the country’s huge allocations to homeland security and defense. It is expected to be continue holding a prime share on account of large investments as well as rapid implementations of technological advancements in the defense technologies. Asia-Pacific market as well as the Middle East & Africa market are expected to exhibit faster growth as compared to other regions. This growth can be primarily attributed to rising military expenses on advanced technologies to counter as well as mitigate growing border conflicts and terrorist activities.

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Intended Audience
• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

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