The rangefinder market is projected to grow from an estimated at 1.32 Billion in 2017 to USD 3.57 Billion by 2022, at a CAGR of 21.91% during the forecast period from 2017 to 2022. The base year considered for this study is 2016 and the forecast period is from 2017 to 2022.

Objectives of the Study:

The report analyzes the rangefinder market based on type, end use, range, and region. It studies the rangefinder market in North America, Europe, Asia Pacific, and the Rest of the World (RoW).

The report provides in-depth insights on the rangefinder market. It also provides detailed information about the major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the rangefinder market, along with an analysis of micromarkets with respect to individual growth trends, growth prospects, and their contribution to the rangefinder market.

The report also covers competitive developments, such as contracts, agreements, and new product launches by various leading players in the rangefinder market. It also provides information regarding various business and corporate strategies adopted by key players to strengthen their positions in the rangefinder market.

Research Methodology:

Estimation of the market sizes of various segments and subsegments of the rangefinder market has been carried out through secondary research sources, such as Hoovers, Bloomberg Businessweek, Factiva, annual reports, and publications, among others, as well as corroboration by primaries. The market triangulation has been done with the help of statistical techniques using econometric tools. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All possible parameters that affect the market have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to acquire the final quantitative and qualitative data. This data is consolidated with detailed inputs and analysis from MarketsandMarkets and presented in this report.

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The rangefinder market ecosystem comprises manufacturers, such as Carl Zeiss AG (Germany), Elbit Systems Ltd. (Israel), FLIR Systems, Inc. (US), Kongsberg Gruppen ASA (Norway), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Rheinmetall AG(Germany), Robert Bosch GmbH (Germany), Saab AB (Sweden), and Thales Group (France).

Key Target Audience

Rangefinder Manufacturers

Advanced Optical Material Manufacturers

System Integrators

Potential Investors (Venture Capitalists)

Research Institutes and Organizations

Defense Equipment Manufacturers

Military Service Providers

Regulatory Bodies

Sports Associations

Scope of the Report

This research report categorizes the rangefinder market into the following segments and subsegments:

Rangefinder Market, by Type Laser Ultrasonic

Rangefinder Market, by End Use Defense Airborne Aircraft Missile Unmanned Aerial Vehicles (UAVs) Marine Ships Submarines Ground-based Tanks Handheld Unmanned Ground Vehicles (UGVs) Commercial Automotive Construction Industrial Robotics Photography Sports Golf Archery Shooting

Rangefinder Market, by Range Very low (<50 m) Low (50 m to 500 m) Medium (500 m to 2.5 km) High (>2.5 km)

Rangefinder Market, by Region North America Europe Asia Pacific Rest of the World



Customizations Available for the Report:

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:

Company Information Detailed analysis and profiles of additional market players (up to five)



The rangefinder market is projected to grow from an estimated USD 1.32 Billion in 2017 to USD 3.57 Billion by 2022, at a CAGR of 21.91% during the forecast period from 2017 to 2022. The growth of the market across the globe can be attributed to the increasing demand for high-precision equipment in industrial processes and enhanced accuracy in sports activities with the use of rangefinders.

The rangefinder market has been segmented based on type, end use, range, and region. Based on type, the rangefinder market has been segmented into laser and ultrasonic. The laser segment is projected to be the larger segment of the market, owing to the increased usage of such rangefinders in commercial applications.

Based on end use, the rangefinder market has been segmented into defense, commercial, and sports. The defense segment is expected to witness the highest growth during the forecast period, due to the increasing demand of precise and accurate information regarding the distance to a target in airborne, marine, and ground defense platforms.

Based on range, the rangefinder market has been segmented into high (>2.5 km), medium (500 m to 2.5 km), low (50 m to 500 m), and very low (<50 m). The low (50 m to 500 m) segment is projected to witness the highest growth during the forecast period. The very low range rangefinders are used in sports, such as golf, and shooting as well as commercial applications, including industrial automation.

The rangefinder market has been studied for regions, including North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is estimated to be the largest market for rangefinders in 2017, owing to the increasing 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 high growth, owing to the rapid modernization and rise in defense equipment upgrades by governments of various countries in these regions.

Limited government spending of developed countries can restrain the growth of the rangefinder market. Furthermore, lack of skilled manpower may act as a challenge for the growth of the market.

Major companies profiled in the report include Elbit Systems Ltd. (Israel), Kongsberg Gruppen ASA (Norway), Lockheed Martin Corporation (US), Saab AB (Sweden), and Thales Group (France). In 2017, contracts, agreements, and new product launches were the key strategies adopted by the leading players in the rangefinder market to strengthen their position in the market.

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