The Global Rangefinder Market is expected to rise at annual rate 20.20% in the forecast period of 2021 to 2028, and is estimated to reach the value of USD 7,606.70 million by 2028 due to the rise in demand for the equipment in various defence and commercial applications.
On the other hand, extensive use of radars instead of rangefinders for ranging, and high cost associated with the rangefinder technology are expected to obstruct the market growth in the above mentioned forecast period. The decrease in the defence expenditure of several developed countries is projected to challenge the rangefinder market.
Rangefinder Market Scenario
According to Data Bridge Market Research the markets for the rangefinder market is escalating due to the rise in the focus on the modernization of the defence equipment and increase in the need for advanced and high-precision equipment in various industrial processes. Additionally, high deployment of the equipment in surveying, navigation, and photography applications, and surge in the need for improving accuracy in sports activities positively affect the rangefinder market.
Furthermore, use of rangefinders in autonomous cars extends profitable opportunities to the market players.
Now the question is which are the other regions that rangefinder market is targeting? Data Bridge Market Research has estimated Europe and Asia-Pacific are expected to witness significant growth in the forecast period of 2021 to 2028 owning to the rise in defense equipment upgrades by governments of various countries in these regions.
For more analysis on the rangefinder market, request for a briefing with our analysts, https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-rangefinder-market
Rangefinder Market Scope
The rangefinder market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
- All country-based analysis rangefinder market is further analyzed based on maximum granularity into further segmentation. The rangefinder market on the basis of type has been segmented into laser and ultrasonic. On the basis of range, the rangefinder market is segmented into very low (<50 m), low (50 m to 500 m), medium (500 m to 2.5 km) and high (>2.5 km). On the basis of end-use, the rangefinder market is segmented into defence, commercial and sports. Defence is further segmented into Airborne, marine and ground-based.
- A rangefinder is defined as a device that assists in measuring distance from the observer to a target during a process known as ranging. The process is widely used in a camera or gun.
To know more about the study, please click on the below mentioned link, https://www.databridgemarketresearch.com/reports/global-rangefinder-market
Key Pointers Covered in the Rangefinder Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Regulatory Framework and Changes
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the report
- Thales Group
- Elbit Systems Ltd.
- Saab, Lockheed Martin Corporation.
- Northrop Grumman.
- Robert Bosch GmbH
- Teledyne FLIR LLC
- Rheinmetall AG
- KONGSBERG, ZEISS International
- Bushnell.
- Callaway Golf Company.
- Garmin Ltd.
- GOGOGO SPORT
- Leica Camera AG
- LEUPOLD & STEVENS, INC.
- Macwheel
- Nikon Corporation
- SkyHawke Technologies, LLC.
- Wosports
- Trueyard Outdoor Optics Ltd.
Above are the key players covered in the report, to know about more and exhaustive list of rangefinder companies contact, https://www.databridgemarketresearch.com/toc/?dbmr=global-rangefinder-market
Research Methodology: Global Rangefinder Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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