Rangefinder Market estimated to grow at a CAGR of 23.2% in the forecast period (2020-2025)

The report on the Rangefinder Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2020-2025. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Rangefinder Market is expected to inflate at a CAGR of 23.2% by the forecast period (2020 – 2025).

Rangefinder Market - Snapshot
Growth 23.2% for the next five years
Major Type Laser
Major End-Use Type Defense
Dominant Range Type Low
Region with the highest demand North America
Key Players Carl Zeiss AG, Elbit Systems Ltd., Flir Systems Inc., Kongsberg Gruppen Asa, Lockheed Martin Corporation, Northrop Grumman Corporation, Robert Bosch GmbH, Saab Ab, and Thales Group.

Table Of Contents: https://www.stratviewresearch.com/toc/585/rangefinder-market.html

Highlights of the Report:
Based on the type, the market is segmented as laser and ultrasonic. The laser segment is estimated to capture a larger segment of the market during the forecast period, driven by the growing usage of such rangefinders in various commercial applications.

Based on the end-use type, the market is segmented as commercial, defense, and sports. The defense segment is anticipated to register the highest growth in the coming five years. The growth of this segment can be attributed to the rising demand for accurate and precise information pertinent to the distance to a target in airborne, marine, and ground defense platforms.

Based on the range type, the market is segmented as very low (< 50 M), low (50 M to 500 M), medium (500 M to 2.5 Km), and high (>2.5 Km). The low (50 m to 500 m) segment is expected to depict the highest growth during the forecast period. The very low range rangefinders are employed in sports, such as golf and shooting, as well as, in other commercial applications, including industrial automation.

In terms of regions, North America was estimated to be the largest market for rangefinders in 2018, driven by the ever-rising demand for rangefinders in countries, such as the U.S. and Canada. The rangefinder market in Europe and Asia-Pacific is also expected to witness significant growth during the forecast period, owing to the rapid modernization and increase in defense equipment upgrades by the governments of various countries in these regions.

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Key Players of the Market
Some of the major players in the rangefinder market are Carl Zeiss AG, Elbit Systems Ltd., Flir Systems, Inc., Kongsberg Gruppen Asa, Lockheed Martin Corporation, Northrop Grumman Corporation, Robert Bosch GmbH, Saab Ab, and Thales Group.

Features of the Report
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.