Military Laser Rangefinder Market Expected To Grow USD 803.4 Million By 2023 | L3, Leonardo, Northrop Grumman, Thales, UTC, Elbit, FLIR and General Atomics

Global Military Laser Rangefinder Market Information Report by Type (Vehicle Mounted and Man Portable), by Application (Weapon Guidance and Detection) and by Regions - Global Forecast To 2023

L3 Technologies Inc. (U.S.), Leonardo S.p.A. (Italy), Northrop Grumman Corporation (U.S.), Thales Group (France), Elbit Systems Ltd (Israel), FLIR Systems Inc. (U.S.), Lockheed Martin (U.S.), Saab AB (Sweden), Safran Electronics & Defense (France), and Jenoptik AG (Germany) are some of the major players that have been profiled in this report. These companies majorly drive innovation and advancement within this industry which help shape the outlook for this market.

Global Military Laser Rangefinder Market – Overview

Development of 21st century digital warfare means has changed the outlook on defense. Many countries have been rapidly moving towards upgradation 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.

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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.

Although rangefinders as a product has advanced at a very fast pace, inherent damage on health following prolonged usage is yet to be tackled completely. Issues ranging from skin damage to corneal inflammation and retinal burn haven’t been resolved. Apart from health concerns, market for laser rangefinders is also affected by shortcomings in its operation in difficult weather conditions. Although night vision feature has already been implemented in lot of rangefinders, inability of lasers to operate in smoke screens as well as extreme weathers such as dense fog, storm, and heavy snow poses a major obstacle for the market growth.

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.

Industry News

May 2017: FNSS Savunma Sistemleri revealed the first prototype of its Kaplan MT Modern Medium Weight Tank (MMWT) at the IDEF 2017 exhibition. This tank is equipped with a computerized fire-control system (FCS) which incorporates a laser rangefinder for stabilised day/thermal sighting system.

February 2017: Elbit Systems entered into a technical collaboration Bharat Electronics Limited (India), a defense sector public sector company, for joint production and maintenance of Compact Multi-Purpose Advanced Stabilised System (CoMPASS).Bharat Electronics Limited would be supply as well as provide maintenance services to CoMPASS users in India.

February 2017: Northrop Grumman signed a five year-contract worth USD 16.9 million with the US Army. The contract includes provision of maintenance, repair, and sustainment services for the Lightweight Laser Designator Range Finder (LLDR) systems.

January 2017: China enhanced PGZ-07 capability with the installation of a new sensor pod, existing sensor pod is positioned above the tracking radar, which is mounted on the forward part of the turret, and includes a laser rangefinder.

January 2017: Lockheed Martin signed a contract worth USD 150.9 million, with the US Navy, to develop a target sight system for the Cobra attack helicopter. The sight system is an infrared system with a laser and rangefinder turret.

Global Military Laser Rangefinder Market – Segmentation

The report includes study as well as of Military Laser Rangefinders market, categorized into segments as described below –

Application Segment – includes analysis of the market broken down into weapon guidance application and detection application

Type Segment – includes analysis of the market broken down into man-portable (carried by soldiers) type and vehicle-mounted type

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.

Intended Audience

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

Scope of Report

The report for Global Military Laser Rangefinder Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Table of Contents

1 Executive Summary$ 1,350.00

2 Introduction$ 0.00
2.1 Definition 14
2.2 Scope of the Study 14
2.3 Assumptions 15
2.4 Market Structure 15

3 Market Highlights$ 0.00
3.1 Key Takeaways 16
3.2 Key Buying Criteria 16

4 Research Methodology$ 0.00
4.1 Research Process 17
4.2 Primary Research 17
4.3 Secondary Research 18
4.4 Market Size Estimation 18
4.5 Forecast Model 20

5 Market Factor Analysis $ 950.00
5.1 Porter's Five Forces Analysis 21
5.1.1 Threat of New Entrants 21
5.1.2 Bargaining Power of Suppliers 22
5.1.3 Bargaining Power of Buyers 22
5.1.4 Threat of Substitutes 22
5.1.5 Rivalry 22
5.2 Value Chain Analysis 23

6 Market Dynamics$ 950.00
6.1 Market Drivers 24
6.1.1 Development of Laser Guided Weapons 24
6.1.2 Introduction of Safe Laser Rangefinders 25
6.1.3 Modernization of Warfare 25
6.1.4 Production of Lightweight Laser Rangefinders 26
6.2 Restraint 27
6.2.1 Health Concerns Associated With Laser Rangefinders 27
6.2.2 Difficult Operability in Extreme Weather Conditions 27
6.2.3 Usage of Smoke Screens 28
6.3 Opportunities 28
6.3.1 Integration of Laser Rangefinders With Uav 28
6.3.2 Market Penetration in the Emerging and Target Countries 29

Continued.........

List of Tables

Table 1 Market Synopsis 13
Table 2 Laser Strike Concerns 27
Table 3 Global Military Laser Rangefinder Market, by Application, 2016-2023 (Usd Million) 33
Table 4 Global Military Laser Rangefinder Market, by Product Type, 2016-2023 (Usd Million) 37
Table 5 Global Military Laser Rangefinder Market, by Region, 2016-2023 (Usd Million) 47
Table 6 North America: Military Laser Rangefinder Market, by Country, 2016-2023 (Usd Million) 48
Table 7 North America: Military Laser Rangefinder Market, by Application, 2016-2023 (Usd Million) 49
Table 8 North America: Military Laser Rangefinder Market, by Product Type, 2016-2023 (Usd Million) 50
Table 9 U.s.: Military Laser Rangefinder Market, by Application, 2016-2023 (Usd Million) 50
Table 10 U.s.: Military Laser Rangefinder Market, by Product Type, 2016-2023 (Usd Million) 51

Continued...........

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