Press release
Laser Rangefinder Market Share, Projection, and Trends by 2026 Major Key Players: Robert Bosch GmbH, Thales, FLIR Systems, Elbit Systems Ltd, Rheinmetall Group
Laser Rangefinder Market
The global Laser Rangefinder Market is anticipated to reach USD 2,889 million by 2026, In 2017, the hand-held laser rangefinder segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global laser rangefinder market.
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Major Key Players:
• Robert Bosch GmbH
• Thales Group
• Flir Systems, Inc.
• Elbit Systems Ltd.
• Rheinmetall AG
• UTC Aerospace Systems
• Northrop Grumman Corporation
• Carl Zeiss AG
• Lockheed Martin Corporation
• Kongsberg Gruppen Asa.
The increasing use in the defense sector, along with increasing defense expenditure of countries worldwide increases the demand for laser rangefinder. Weapons are being modernized, and laser guided weapons are being used, thereby increasing the growth of the lase rangefinder. The increasing use of laser rangefinder in the automotive sector, along with increasing development of autonomous vehicles support the laser rangefinder market growth.
The rising adoption of laser rangefinder to offer higher accuracy in sports activities boosts the adoption of laser rangefinder. Other factors driving the market growth include increasing use of high-precision equipment in industrial processes, technological advancements, and integration of laser rangefinders with UAV. New emerging markets, emerging consumer demographics, and increasing demand from diversified industries would provide growth opportunities for laser rangefinder market in the coming years.
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In 2017, North America accounted for the highest share in the global laser rangefinder market. The primary factors driving the laser rangefinder market growth in the region include rising investments in the defense sectors, modernization of warfare, technological advancements, and high investment in R&D. The increasing applications in the automotive sectors, growing demand for luxury and modernized vehicles, and rising development of autonomous vehicles boost the laser rangefinder market in North America.
By Segments:
Laser Rangefinder Market Size and Forecast by Range, 2018-2026
• Very Low
• Low
• Medium
• High
Laser Rangefinder Market Size and Forecast by End-User, 2018-2026
• Defense
• Sports
• Industrial
• Others
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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Polaris Market Research
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