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Rangefinder Market by Type, End Use, Range, Low, Medium, & High and Region - Global Forecast to 2022

Rangefinder Market: Global Forecast until 2022

  • August 2017
  • 132 pages
  • ID: 5057826
In this report:
The medium (## m to ##.## km) segment is expected to grow at the highest CAGR of ##.##% from 2017 to 2022.
The industrial robotics subsegment of the commercial end use segment is projected to grow from USD ##.## million in 2017 to USD ##,##.## million by 2022, at a CAGR of ##.##% from 2017 to 2022.
The airborne subsegment of the defense end use segment is projected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at the highest CAGR of ##.##% during the forecast period.

Summary

Table of Contents

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The rangefinder market forecasted to grow at a compound annual growth rate (CAGR) of 21.91% during the forecast horizon

The rangefinder market is forecasted to grow from an estimated ~$1.3B in 2017 to ~$3.6B by 2022, at a compound annual growth rate of ~21.9 percent between 2017 and 2022. The factors projected to drive the sector in the next years are increased focus on the modernization of the defense equipment by different countries and increase in the market demand for rangefinders for accuracy in sports activities.

Established on category, the laser segment is projected to be a larger segment of the market during the outlook period

Established on category, the laser segment is envisaged to be a larger segment of the rangefinder market during the estimate period. The increase of the laser segment can be connected to the growing need for accurate and precise information about an object from long distances. The reduction in the price of laser rangefinders, owing to advancements in semiconductor technology is anticipated to further fuel the rise of the segment.

Established on end use, the commercial segment is anticipated to be the most important segment of the market during the outlook period

Established on end use, the commercial segment is planned to be the biggest segment of the rangefinder market during the estimate period. One of the top factors anticipated to propel the industry demand for rangefinders in the commercial market is the growing adoption of automation in the automotive, process sector and construction industries.

Established on range, the very low (<50 m) segment is intended to be the most important segment of the market during the outlook period

Established on range, the very low (<50 m) segment is forecasted to be the biggest segment of the rangefinder market during the estimate period. The increase of the segment can be accredited to the quick adoption of very low range rangefinders in several platforms, including unmanned ground vehicles.

Asia-Pac is forecasted to be the quickest increasing market for rangefinders during the forecast period Asia Pacific is anticipated to be the quickest developing market for rangefinders during the outlook period. The increase of the market can be attributed to the increased military expenditure and increase in automation in different industrial processes, particularly in the Asian economies of India and China (CN).

Break-up of the profile of primary members taking part for this industry report:

• By Company category: Tier 1 - 35.0 percent, Tier 2 - 45.0 percent, Tier 3 - 20.0 percent

• By Description: C-suite - 35.0 percent, D-level - 25.0 percent, Others - 40.0 percent

• By Area: North America continent - 26.0 percent, Europe (EU) - 30.0 percent, Asia-Pac - 22.0 percent, South America region - 13.0 percent and the Middle East (ME) and African continent - 9.0 percent

Some of the main actors operating in the rangefinder market contain Elbit Systems (NASDAQ:ESLT), Kongsberg Gruppen ASA, Lockheed Martin (LMT), Saab (STO:SAAB-B), and Thales (HO).

Segment Research

The study segments the rangefinder market established on end use (defense, commercial and sports), category, and range (very low (<50 m), low (50 m to 500 m), medium (500 m to 2.5 km), and high (>2.5 km)) and maps these segments and sub-segments across main regions, containing, North America (NA), EU, Asia Pacific (APAC), and Rest of the globe. The analysis offers detailed market intelligence about the market opportunities and top factors, including drivers, business restraints, alternatives, and market-specific challenges, that influence the increase of the rangefinder market. The market research also analyzes micromarkets with respect to individual developments trends, increase prospects, and their contribution to the global rangefinder market.

Why Purchasing This Study Can Help You:

From an insight prospect, the rangefinder market report highlights on several levels of analyses - industry study, market share research of top players, and company descriptions, which together comprise and examine basic views on the competitive landscape, high-growth areas, and territories, and their specific regulatory policies, drivers, industry restraints, and possibilities.

The rangefinder market report offers business insights on these pointers:

• business entry: Exhaustive information concerning the competitive landscape in the rangefinder market

• Market Size: Market value in the financial year 2015-2016 and projection of the market size between 2017 and 2022

• Product Development/Innovative products: In-depth understanding on the next technologies, analysis & growth activities, and recent product launches in the rangefinder market

• Market Overview: Market forces and subsequent study of associated trends, drivers, market restraints, and alternatives prevailing in the rangefinder market

• Market Development: Highlighted information about lucrative industries by analyzing sectors for rangefinder across several areas

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the rangefinder market

• Regional Review: Factors influencing the shares of market in North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe

• opposing assessment: Detailed assessment of strategies, products, and manufacturing capabilities of leading market actors

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