The Future of Rangefinder Market in the forecast period (2020-2025) as predicted by Stratview Research
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The Market is Segmented by Type (Laser, Ultrasonic), by End-Use Type (Commercial, Defense, and Sports), by Range Type (Very Low (< 50 M), Low (50 M to 500 M), Medium (500 M to 2.5 Km), and High (>2.5 Km)), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
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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.
End-use Type Segment
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.
Range Type Segment
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.
Region Wise Segment
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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Highlights of the Report:
Rangefinder market is likely to witness an impressive CAGR of 23.2% during the forecast period. The unprecedented and significant growth of the global rangefinder market is owing to the rising claim for high-precision equipment in various industrial processes and enhanced accuracy in different sports activities with the application of rangefinders.
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 offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
Know more about us and our reports:
Stratview Research is known to offer its insightful reports and custom researches in some of important industry sectors such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Whether it is collection of data or analysis of the trends, the expert team makes sure to put in its best efforts to come up with the best results for the interested clients.
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