12-07-2017 05:58 AM CET - Business, Economy, Finances, Banking & Insurance

Military Laser Rangefinder Market Growth Opportunity and Industry Forecast to 2023

Press release from: Market Research Future - MRFR

Market Highlights:

It is expected that by 2023, North America would be the dominant region in the military laser rangefinder market, primarily due to the presence of major manufacturers in this region. In addition, the increasing military expenses by the US Department of Defense (DOD) on miniature military rangefinders have resulted in the market witnessing a significant surge in demand, in this region.

Moreover, the current military operations and exercises in the Middle Eastern countries will also result in the U.S. focusing on the integration of unmanned aerial vehicles (UAVs) with the laser rangefinder systems, which will further deepen the scope for the market in the North American region and across the globe. Europe is expected to acquire the second largest market due to the high expenses on soldier modernization programs by the countries in this region, such as in the UK, the Netherlands, and France.

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Major key Players

• Elbit Systems,
• FLIR Systems,
• General Atomics,
• Gooch & Housego,
• L3 Technologies,
• Leonardo,
• Northrop Grumman,
• RPMC Lasers,
• Thales,
• UTC Aerospace Systems.

Market Research Analysis:

Many countries are focusing on upgrade of their airborne defense and offence systems, thus application of drones as laser rangefinders is rapidly gaining momentum. Growing preference for miniature rangefinders will further provide the market with growth prospects, owing to the several advantages of miniature rangefinders which include enhanced accuracy, safety of soldiers, and efficiency in military operations. As a result, the market for military rangefinders is expected to register a growth rate of more than 5%.

Although the military laser rangefinders assist the soldiers to efficiently mark their targets, the health issues associated with these laser systems is one of the major challenges faced by the manufacturers of such systems, the defense authorities, and the market.

Global Military Laser Rangefinder Systems Market:
The changing landscape of war in the recent times is one of the major factors driving the military laser rangefinder market, with the evolution of the 21st century digital warfare. The lightweight laser rangefinders enable faster mobility and significantly reduce the chances of fatigue for the armed troops. These portable devices are carried by the armed forces, Special Forces, and Forward Air Controllers (FAC), and they consist of an optical sight, laser emitter, and range finder. These systems may vary in size but they are usually mounted on tripods to ensure a stable aiming platform. They provide the soldiers with higher adaptability, attack capability, accuracy, and maneuverability, which makes them more lethal.

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Table of Content

1 Introduction
1.1 Definition
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s five forces model
4.1.1 Bargaining Power of suppliers
4.1.2 Bargaining Power of Customer
4.1.3 Intensity of Competitor’s
4.1.4 Threat of New Entrants
5 Military Laser Rangefinder Market, By Type

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Akash Anand,
Market Research Future
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com

This release was published on openPR.
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