Global Rangefinder Market, by Type (Ultrasonic & Laser), by End-Use Industry (Defence, Commercial, S

Published Date: | Report Code : AD199450

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Market Dynamics:

The Rangefinder Market is expected to promise high growth owing to the increasing adoption of automation in the automotive industry, process industry in recent years. Increasing demand from end-user industries including defense, commercial, sports is expected to drive the growth of the rangefinder market. This market has witnessed a number of key developments by major companies including Elbit Systems Ltd, Kongsberg Gruppen ASA, Lockheed Martin Corporation, Saab AB, Thales Group, and others with a focus on organic as well as inorganic growth strategies.  Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

A rangefinder is a device that measures the distance from the base to a target mostly used with a camera or a gun. It emits laser beams for measuring. It is a device that is basically handheld and is used for several situations like golf, archery, and many other purposes. Other Range finding methods include laser, radar, sonar, and ultrasonic range finding which are widely used by military and civil users. It is used in the military for weapon sightings such as laser-guided bombs, missiles and precision-guided artillery for precise attacking purposes. There are two types of rangefinders. Ultrasonic type uses sound pulse to measure distance and Laser type which is the most used kind of rangefinder. It is commonly used in the field of sports.

Segment Insights:

The increasing adoption of automation in the automotive industry, process industry, and construction industries has increased the demand for the rangefinders in the commercial sector of the market. There are four kinds of range in the rangefinder market Very low (50m), Low (50-500m), Medium (500-2.5 k/m), High (more than 2.5 km). Among these segments, the low segment (50m-500m) will dominate the overall rangefinder market in the coming years due to its low range and high usage in the sports sector. Also, Europe and the Asia Pacific is also expected to witness significant growth in this segment due to the up gradation of defense equipment and adaptation of advance rangefinders by the governments.

Some of the key Impact Factors:

  • Rangefinder having low range expected to have the highest market domination
  • Up-gradation of defense equipment mainly in Asia Pacific and Europe regions

Regional Analysis:

The Rangefinder Market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of key factors governing the demand for the rangefinder market during the forecast period. Major countries in these regions include US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region. 

The Asia Pacific is estimated to be the fastest growing region with increasing expenditure on defense and space research. With the presence of some of fastest growing economies including India and China, this region is projected to be a major market for the rangefinder market during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for the rangefinder market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of World is an emerging market for the rangefinder market with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.

Companies Covered: Elbit Systems Ltd, Kongsberg Gruppen ASA, Lockheed Martin Corporation, Saab AB, Thales Group…

Market Segmentation:

By Type:

  • Ultrasonic
  • Laser

By End-Use Industry:

  • Defence
  • Commercial
  • Sports

By Range:

  • Very low (50 meters)
  • Low (50-500 meters)
  • Medium (500m-2.5km)
  • High (More than 2.5 km)

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By End-Use Industry
    • By Range
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Range
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By End-Use Industry
    • By Range
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By End-Use Industry
    • By Range
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By End-Use Industry
    • By Range
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By End-Use Industry
    • By Range

Reasons to buy this report:

  • Market size estimation of rangefinders on a regional and global basis
  • The unique research design for market size estimation and forecasts
  • Profiling of the major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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