Rangefinder Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Rangefinders are used for measuring the distance from the observer to the target using laser light or ultrasonic waves. The device has wide-ranging applications expanding from sports to military and defense. The rangefinders can detect targets ranging from less than 50 meters to beyond 20 km. The increasing military modernization programs in various countries and the demand for high-precision equipment across industries are contributing to the growth of the rangefinder market during the forecast period.

MARKET DYNAMICS

The rangefinder market is anticipated to grow in the forecast period owing to driving factors such as increasing demands from the industries for high-precision equipment coupled with the robust demand from the defense sectors. Moreover, the enhanced accuracy in sports activities is further likely to boost market growth. However, extensive use of radars for ranging is a challenge for the growth of the rangefinder market. On the other hand, the use of rangefinders in autonomous cars is expected to create lucrative growth opportunities for the rangefinder market in the coming years.

MARKET SCOPE

The "Global Rangefinder Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of rangefinder market with detailed market segmentation by type, range, application, and geography. The global rangefinder market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading rangefinder market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global rangefinder market is segmented on the basis of type, range, and application. Based on type, the market is segmented as laser and ultrasonic. On the basis of the range, the market is segmented as low, medium, and high. The market on the basis of the application is classified as defense, sports, and commercial.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global rangefinder market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The rangefinder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting rangefinder market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the rangefinder market in these regions.

Rangefinder Market Report Analysis

Rangefinder Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Elbit Systems Ltd.
• FLIR Systems, Inc.
• Kongsberg Gruppen AS
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Rheinmetall AG
• Robert Bosch GmbH
• Saab AB
• Thales SA

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Laser
• Ultrasonic

By Range

• Low
• Medium
• High

By Application

• Defense
• Sports
• Commercial

MARKET PLAYERS

The reports cover key developments in the rangefinder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from rangefinder market are anticipated to lucrative growth opportunities in the future with the rising demand for rangefinder in the global market. Below mentioned is the list of few companies engaged in the rangefinder market.

The report also includes the profiles of key rangefinder companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

• Elbit Systems Ltd.
• FLIR Systems, Inc.
• Kongsberg Gruppen AS
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Rheinmetall AG
• Robert Bosch GmbH
• Saab AB
• Thales SA
• ZEISS Corporate Group

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Rangefinder Market Report Scope