Rangefinder Market to offer a healthy CAGR of 23.2% during 2020-25
February 13, 2020
Rangefinder Market Overview:
Rangefinder market is likely to witness an impressive CAGR of 23.2% during the forecast period.
The unprecedented and significant growth of the rangefinder market can be attributed to the following factors.
- Rising claim for high-precision equipment in various industrial processes
- Enhanced accuracy in different sports activities with the application of rangefinders.
Report Overview:
This new report from Stratview Research analyses the Rangefinder Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Rangefinder Market Segment Insights:
Laser: The larger segment
Based on the type, the market is segmented as laser and ultrasonic. The laser segment is estimated to capture a larger segment of the market during the forecast period, driven by the growing usage of such rangefinders in various commercial applications.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/585/rangefinder-market.html
Dominance of: Defense and Low (50 m to 500m)
Based on the end-use type, the market is segmented as commercial, defense, and sports. The defense segment is anticipated to register the highest growth in the coming five years. The growth of this segment can be attributed to the rising demand for accurate and precise information pertinent to the distance to a target in airborne, marine, and ground defense platforms.
Based on the range type, the market is segmented as very low (< 50 M), low (50 M to 500 M), medium (500 M to 2.5 Km), and high (>2.5 Km). The low (50 m to 500 m) segment is expected to depict the highest growth during the forecast period. The very low range rangefinders are employed in sports, such as golf and shooting, as well as, in other commercial applications, including industrial automation.
A highly/moderately/fragment consolidated Market
Some of the major players in the rangefinder market are Carl Zeiss AG, Elbit Systems Ltd., Flir Systems, Inc., Kongsberg Gruppen Asa, Lockheed Martin Corporation, Northrop Grumman Corporation, Robert Bosch GmbH, Saab Ab, and Thales Group
Regional Hegemony of North America
In terms of regions, North America was estimated to be the largest market for rangefinders in 2018, driven by the ever-rising demand for rangefinders in countries, such as the U.S. and Canada. The rangefinder market in Europe and Asia-Pacific is also expected to witness significant growth during the forecast period, owing to the rapid modernization and increase in defense equipment upgrades by the governments of various countries in these regions.
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