Global Rangefinder Market

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Global Rangefinder Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 22% during the forecast period.

The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.

Market Definition
Rangefinder is an instrument, or a device used to measure distance of the target from the observer. Rangefinder uses laser beam, optical, and mechanical principles to measure the distance.

Market Dynamics
A rangefinder market has witnessed ample growth from the past few years. The growth of rangefinder is majorly driven by high scale adoption of this device in photography, navigation and surveying applications. A growing requirement for high-precision andadvanced equipment in industrial processes, increasing adoption of rangefinders in sports specially in golf, rising demand for laser rangefinders in defence sector, escalating trends of using rangefinder in autonomous cars, growing production and sales of rangefinder cameras and surge ...
... in the use of rangefinders forestry applications for surveying purpose are expected to improve the growth of the market during the forecast period.

Nevertheless, high initial cost of rangefinder technology based products and rising use of other navigation and surveying technologies could hinder the growth of the market.

Global Rangefinder Market: Segmentation Analysis
By type, laser segment dominated the market in 2019 and is projected to witness fast growth at a CAGR of XX% during the forecast period. Laser rangefinder is the most common and widely used rangefinder, which uses a beam of laser to determine the distance between target and observer or user. A growing adoption of laser rangefinders in military, sports, 3-D modeling, forestry, laser measuring tool and industrial production process applications is attributed to the growth of the market.In laser measuring tool application, rangefinders are used in various industries such as real estate, renovation, and construction and to measure like roomvolumeor area in less time and by only one operator.Rising adoption of rangefinders in sports such as archery, hunting and golf to measure accurate distance of the target such as golf flag and rising production of advanced sports rangefinders by manufacturers such as Bushnell, Leupold, Nikon and more, with features such as multi-distance ability, angle range compensation, slope and pin-seeking is expected to improve growth of the market during the forecast period.

Global Rangefinder Market: Key Developments
In Feb 2019, Nikon releasedits advanced portable laser rangefinder named the MONARCH 2000.In Mar 2019, Nikon releasedits latest portable laser rangefinder named as the PROSTAFF 1000.
In Jan 2020, Bushnell announced its updated tour v5 laser rangefinder with various technological advancements, to use in the golf sport.

Global Rangefinder Market: Regional Analysis
Region-wise, North America held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The US and Canada are the major key contributors behind the growth of the market. The growth is attributed to the increasing demand for rangefinders in defense applications across the region.

Rising adoption of optical rangefinder for military purposes to determine the range of a target and growing technological advancements in rangefinders to use in night vision application and increasing spending of the US government in defence sector is driving the growth of the market in the NA region.

The objective of the report is to present a comprehensive analysis of the Global Rangefinder Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Rangefinder Market dynamics, structure by analyzing the market segments and projects the Global Rangefinder Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Rangefinder Market make the report investor’s guide.
The Scope of Global Rangefinder Market

Global Rangefinder Market, By Type

• Laser
• Ultrasonic
Global Rangefinder Market, By Range
• Very low (2.5 km)
Global Rangefinder Market, By Application

• Defense
 Airborne
 Marine
 Ground-based
• Commercial
 Automotive
 Construction
 Industrial Robotics
 Photography
• Sports
 Golf
 Archery
 Shooting
Global Rangefinder Market, By Region

• North America
 US
 Canada
• Europe
 UK
 France
 Germany
 Italy
 Spain
 Norway
 Russia
• Asia Pacific
 China
 India
 Japan
 South Korea
 Australia
 Malaysia
 Indonesia
• South America
 Brazil
 Mexico
 Argentina
• Middle East and Africa
Global Rangefinder Market, Key Players

• Elbit Systems Ltd
• Kongsberg Gruppen ASA
• Lockheed Martin Corporation
• Saab AB
• Northrop Grumman
• UTC Aerospace Systems
• FLIR Systems
• Rheinmetall AG
• Thales Group
• Nikon
• Bushnell
• Askion GmbH
• Caddytalk
• Leupold
• Opti-logic Corporation
• LaserTechnology
• Trimble
• Leica
• Newcon Optik
• Op. Electronics
• Swarovski Optik
• Zeiss
• XX
• XX
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