Rangefinder Market

Rangefinder Market by Type (Ultrasonic & Laser), End Use (Defense, Commercial & Sports), Range (Very Low (<50 M), Low (50 M To 500 M), Medium (500 M To 2.5 Km), & High (>2.5 Km)) and Region - Global Forecast to 2022

Report Code: AS 5477 Aug, 2017, by marketsandmarkets.com

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.

Rangefinder Market

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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

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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.

Rangefinder Market

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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Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Increase in Military Expenditure of Emerging Countries
                    2.2.2.2 Global Militarization Index of Several Countries Across the Globe
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Rangefinder Market
    4.2 Rangefinder, By End Use
    4.3 Rangefinder, By Type
    4.4 Rangefinder, By Range
    4.5 Commercial End Use Segment, By Application
    4.6 Asia Pacific and Europe Rangefinder Market
    4.7 Rangefinder, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By End Use
           5.2.2 By Type
           5.2.3 By Range
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Demand for High-Precision Equipment in Industrial Processes
                    5.3.1.2 Enhanced Accuracy in Sports Activities With the Use of Rangefinders
                    5.3.1.3 Advancements in Defense Systems With the Use of Rangefinders
           5.3.2 Restraints
                    5.3.2.1 Decline in the Defense Expenditure of Several Developed Countries
           5.3.3 Opportunities
                    5.3.3.1 Use of Rangefinders in Autonomous Cars
           5.3.4 Challenges
                    5.3.4.1 High Cost of the Rangefinder Technology
                    5.3.4.2 Extensive Use of Radars Instead of Rangefinders for Ranging

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Value Chain
    6.3 Supply Chain
    6.4 Emerging Trends
           6.4.1 Hybrid Rangefinders
           6.4.2 Eye-Safe Laser Rangefinder
           6.4.3 Targeting Pod
           6.4.4 Lidar (Light Detection and Ranging) Rangefinder for Self-Driving Cars
    6.5 Patent/Patent Applications

7 Rangefinder Market, By Type (Page No. - 47)
    7.1 Introduction
    7.2 Laser
    7.3 Ultrasonic

8 Rangefinder Market, By End Use (Page No. - 50)
    8.1 Introduction
    8.2 Commercial
           8.2.1 Industrial Robotics
           8.2.2 Construction
           8.2.3 Automotive
           8.2.4 Photography
    8.3 Defense
           8.3.1 Ground-Based
                    8.3.1.1 Hand-Held
                    8.3.1.2 Tanks
                    8.3.1.3 Unmanned Ground Vehicles (UGVs)
           8.3.2 Airborne
                    8.3.2.1 Aircraft
                    8.3.2.2 Missiles
                    8.3.2.3 Unmanned Aerial Vehicles (UAVs)
           8.3.3 Marine
                    8.3.3.1 Ships
                    8.3.3.2 Submarines
    8.4 Sports
           8.4.1 Golf
           8.4.2 Archery
           8.4.3 Shooting
           8.4.4 Others

9 Rangefinder Market, By Range (Page No. - 59)
    9.1 Introduction
    9.2 Very Low (< 50 M)
    9.3 Low (50 M to 500 M)
    9.4 Medium (500 M to 2.5 Km)
    9.5 High (>2.5 Km)

10 Regional Analysis (Page No. - 63)
     10.1 Introduction
     10.2 North America
             10.2.1 By End-Use
             10.2.2 By Type
             10.2.3 By Range
             10.2.4 By Country
                        10.2.4.1 US
                                     10.2.4.1.1 By End Use
                                     10.2.4.1.2 By Type
                                     10.2.4.1.3 By Range
                        10.2.4.2 Canada
                                     10.2.4.2.1 By End Use
                                     10.2.4.2.2 By Type
                                     10.2.4.2.3 By Range
     10.3 Europe
             10.3.1 By End Use
             10.3.2 By Type
             10.3.3 By Range
             10.3.4 By Country
                        10.3.4.1 Russia
                                     10.3.4.1.1 By End Use
                                     10.3.4.1.2 By Type
                                     10.3.4.1.3 By Range
                        10.3.4.2 France
                                     10.3.4.2.1 By End Use
                                     10.3.4.2.2 By Type
                                     10.3.4.2.3 By Range
                        10.3.4.3 Germany
                                     10.3.4.3.1 By End Use
                                     10.3.4.3.2 By Type
                                     10.3.4.3.3 By Range
                        10.3.4.4 UK
                                     10.3.4.4.1 By End Use
                                     10.3.4.4.2 By Type
                                     10.3.4.4.3 By Range
                        10.3.4.5 Rest of Europe
                                     10.3.4.5.1 By End Use
                                     10.3.4.5.2 By Type
                                     10.3.4.5.3 By Range
     10.4 Asia Pacific
             10.4.1 By End Use
             10.4.2 By Type
             10.4.3 By Range
             10.4.4 By Country
                        10.4.4.1 China
                                     10.4.4.1.1 By End Use
                                     10.4.4.1.2 By Type
                                     10.4.4.1.3 By Range
                        10.4.4.2 India
                                     10.4.4.2.1 By End Use
                                     10.4.4.2.2 By Type
                                     10.4.4.2.3 By Range
                        10.4.4.3 Japan
                                     10.4.4.3.1 By End Use
                                     10.4.4.3.2 By Type
                                     10.4.4.3.3 By Range
                        10.4.4.4 Rest of Asia Pacific
                                     10.4.4.4.1 By End Use
                                     10.4.4.4.2 By Type
                                     10.4.4.4.3 By Range
     10.5 Rest of the World (RoW)
             10.5.1 By End Use
             10.5.2 By Type
             10.5.3 By Range
             10.5.4 By Country
                        10.5.4.1 Brazil
                                     10.5.4.1.1 By End Use
                                     10.5.4.1.2 By Type
                                     10.5.4.1.3 By Range
                        10.5.4.2 Israel
                                     10.5.4.2.1 By End Use
                                     10.5.4.2.2 By Type
                                     10.5.4.2.3 By Range

11 Competitive Landscape (Page No. - 93)
     11.1 Introduction
     11.2 Market Ranking of Players, 2016
     11.3 Competitive Leadership Mapping
             11.3.1 Visionary Leaders
             11.3.2 Innovators
             11.3.3 Dynamic Differentiators
             11.3.4 Emerging Companies
     11.4 Competitive Benchmarking
             11.4.1 Strength of Product Portfolio (23 Companies)
             11.4.2 Business Strategy Excellence (23 Companies)

12 Company Profiles (Page No. - 99)
(Overview, Strength of Product Portfolio , Business Strategy Excellence , Products Offering, Recent Development’s, Business Strategy)*
     12.1 Thales Group
     12.2 Elbit Systems Ltd.
     12.3 Saab Ab
     12.4 Lockheed Martin Corporation
     12.5 Northrop Grumman Corporation
     12.6 Robert Bosch GmbH
     12.7 Flir Systems, Inc.
     12.8 Rheinmetall AG
     12.9 Kongsberg Gruppen Asa
     12.10 Carl Zeiss AG

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Products Offering, Recent Development’s, Business Strategy Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 123)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (70 Tables)

Table 1 Rangefinders Market, By End Use
Table 2 Rangefinders Market, By Type
Table 3 Rangefinders Market, By Range
Table 4 Innovation & Patent Registrations, 2014-2017
Table 5 Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 6 Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 7 Commercial Segment, By Subsegment, 2015–2022 (USD Million)
Table 8 Defense Segment, By Subsegment, 2015–2022 (USD Million)
Table 9 Ground-Based Subsegment, By Type, 2015–2022 (USD Million)
Table 10 Airborne Subsegment, By Type, 2015–2022 (USD Million)
Table 11 Marine Subsegment, By Type, 2017–2022 (USD Million)
Table 12 Sports Segment, By Subsegment, 2015–2022 (USD Million)
Table 13 Rangefinders Market, By Range, 2015-2022 (USD Million)
Table 14 Rangefinders Market Size, By Region, 2015-2022 (USD Million)
Table 15 North America Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 16 North America Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 17 North America Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 18 North America Rangefinders Market Size, By Country, 2015-2022 (USD Million)
Table 19 US Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 20 US Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 21 US Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 22 Canada Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 23 Canada Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 24 Canada Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 25 Europe Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 26 Europe Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 27 Europe Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 28 Europe Rangefinders Market Size, By Country, 2015-2022 (USD Million)
Table 29 Russia Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 30 Russia Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 31 Russia Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 32 France Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 33 France Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 34 France Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 35 Germany Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 36 Germany Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 37 Germany Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 38 UK Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 39 UK Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 40 UK Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 41 Rest of Europe Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 42 Rest of Europe Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 43 Rest of Europe Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 44 Asia Pacific Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 45 Asia Pacific Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 46 Asia Pacific Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 47 Asia Pacific Rangefinders Market Size, By Country, 2015-2022 (USD Million)
Table 48 China Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 49 China Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 50 China Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 51 India Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 52 India Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 53 India Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 54 Japan Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 55 Japan Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 56 Japan Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 57 Rest of Asia Pacific Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 58 Rest of Asia Pacific Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 59 Rest of Asia Pacific Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 60 RoW Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 61 RoW Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 62 RoW Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 63 Rest of the World Rangefinders Market Size, By Country, 2015-2022 (USD Million)
Table 64 Brazil Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 65 Brazil Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 66 Brazil Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 67 Israel Rangefinders Market Size, By End Use, 2015-2022 (USD Million)
Table 68 Israel Rangefinders Market Size, By Type, 2015-2022 (USD Million)
Table 69 Israel Rangefinders Market Size, By Range, 2015-2022 (USD Million)
Table 70 Rank Analysis of Key Players in the Rangefinders Market


List of Figures (45 Figures)

Figure 1 Rangefinder Market Segmentation
Figure 2 Research Process Flow
Figure 3 Rangefinder Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Increasing Defense Budget of Emerging Countries, 2005 & 2016 (USD Billion, %)
Figure 6 Global Militarization Index Score, By Country, 2016
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
Figure 9 Data Triangulation
Figure 10 Assumptions of the Research Study
Figure 11 North America and Europe are Estimated to Be the Major Markets for Rangefinders in 2017
Figure 12 Based on End Use, the Defense Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Based on Type, the Ultrasonic Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Based on Range, the Low (50 M to 500 M) Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 15 The Increasing Use of Rangefinders in the Commercial Sector is Expected to Drive the Growth of the Market During the Forecast Period
Figure 16 The Commercial End Use Segment is Estimated to Be the Largest Segment of the Market During the Forecast Period
Figure 17 Based on Type, the Laser Segment is Projected to Lead the Rangefinder Market During the Forecast Period
Figure 18 The Very Low (<50 M) Segment is Projected to Lead the Rangefinder Market During the Forecast Period
Figure 19 Industrial Robotics is Projected to Be the Largest Application Subsegment of the Commercial End Use Segment During the Forecast Period
Figure 20 China and Russia are Estimated to Be the Major Markets for Rangefinders in Asia Pacific and Europe Respectively in 2017
Figure 21 The Rangefinder Market in the Asia Pacific is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Rangefinder Market Segmentation: By End Use
Figure 23 Rangefinder Market Segmentation: By Type
Figure 24 Rangefinder Market Segmentation: By Range
Figure 25 Rangefinder Market Dynamics
Figure 26 Value Chain: Rangefinder Market
Figure 27 Supply Chain: Rangefinder Market
Figure 28 Ultrasonic Type Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 29 Defense End Use Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 30 Low (50 M to 500 M) Range Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 31 North America is Estimated to Account for the Largest Share of the Rangefinder Market in 2017
Figure 32 North America Rangefinder Market Snapshot
Figure 33 Europe Rangefinder Market Snapshot
Figure 34 Asia Pacific Rangefinder Market Snapshot
Figure 35 Rangefinder Market Global, Competitive Leadership Mapping (2017)
Figure 36 Thales Group: Company Snapshot
Figure 37 Elbit Systems Ltd.: Company Snapshot
Figure 38 Saab AB: Company Snapshot
Figure 39 Lockheed Martin Corporation: Company Snapshot
Figure 40 Northrop Grumman Corporation: Company Snapshot
Figure 41 Robert Bosch GmbH: Company Snapshot
Figure 42 Flir Systems, Inc.: Company Snapshot
Figure 43 Rheinmetall AG: Company Snapshot
Figure 44 Kongsberg Gruppen Asa: Company Snapshot
Figure 45 Carl Zeiss AG: Company Snapshot


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