Global laser rangefinder market is anticipated to reach around USD 2,889 million by 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2017-2026.
According to the report, profound applications in the defense sector along with an exponential increase in military spending across countries worldwide will bolster laser rangefinder market growth. Rapid advancements in military weapon technology, as well as increasing adoption of laser guided weapons is anticipated to foster laser rangefinder industry size.
In addition, increasing use of laser rangefinder in the automotive sector coupled with growing technological advancements in autonomous vehicles will support laser rangefinder market growth.
Rising penetration of laser rangefinder in sports activities primarily to gain high precision results and accuracy will boost business size. Moreover, surging demand for hand-held type laser rangefinder will supplement industry outlook. As per the report, in 2017, hand-held laser rangefinder segment dominated the global market in terms of revenue.
Additionally, factors like technological advancements, increasing use of high-precision equipment in industrial operations, and integration of laser rangefinders with UAV will augment laser rangefinder market share.
The report projects that emerging of new markets and evolving consumer demographics, as well as rising demand from diversified industries worldwide would offer new growth opportunities to laser rangefinder market over the upcoming years.
In terms of regional contribution, North America accounted for the highest share in the global laser rangefinder market in 2017. Factors like rising investments in the defense sectors, technological advancements, modernization of warfare, and high investment in R&D mainly contributed toward regional laser rangefinder market growth.
Increasing applications in the automotive sectors, growing demand for advanced, high-end luxury vehicles, and enhanced innovations in autonomous vehicles will boost North America laser rangefinder market size over the forecast period.
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Major companies operating in laser rangefinder market include Thales Group, Robert Bosch GmbH, Flir Systems, Inc., Rheinmetall AG, Elbit Systems Ltd., Northrop Grumman Corp., UTC Aerospace Systems, Carl Zeiss AG, Lockheed Martin Corp., and Kongsberg Gruppen Asa. The report summarizes the company profiles of leading firms alongside their business overview, product benchmarking, financials, and recent developments.
To gain a competitive lead, industry partakers are constantly launching new products into the market. They are also actively engaged in collaborations with other key players to develop new products that can effectively meet customer demands and requirements.
offers a brief synopsis of laser rangefinder market with respect to Porter’s five forces, industry trends, market forces, ecosystem analysis, competitive ranking analysis, and PEST analysis. It also provides an extensive quantitative and qualitative analysis of potential trends and growth prospects in laser rangefinder market between 2017-2026.