Market Overview:
The global distance meter market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ultrasonic and laser distance meters in various applications such as automotive, construction, aerospace & defense, military field, and other applications. North America is expected to hold the largest share of the global distance meter market in 2018 followed by Europe and Asia Pacific. However, Asia Pacific is projected to grow at the highest CAGR during the forecast period owing to rising industrialization and growing demand for ultrasonic and laser distance meters in various countries such as China, India, Japan, South Korea, and Taiwan.
Product Definition:
A distance meter or rangefinder is a device that calculates the distance between two points. It is often used in photography, surveying, and navigation. Distance meters are important for calculating the size of objects and for measuring distances between objects.
Ultrasonic Distance Meter:
Ultrasonic distance meter is a device used to measure the distance between two objects. It works on the principle of ultrasound which is a form of non-ionizing electromagnetic radiation. The ultrasonic transducer in the device produces an ultrasonic pulse and reflects off the object and then measures time taken for echo to return.
Laser Distance Meter:
A laser distance meter is a tool that emits a beam of light and measures the time taken for the light to travel between two points. It can be used in various applications such as construction, mining, agriculture and others. The product has gained popularity owing to its ability to measure accurately even small distances with high precision.
Application Insights:
The automotive application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The increasing need for tracking vehicle location information with respect to both real-time and historical data has created a high demand for DMM solutions in this sector. Moreover, these meters are used as part of several safety systems such as blind-spot detection, forward collision warning system, adaptive front lighting and active park assistance among others.
The construction industry is expected to emerge as one of the fastest growing segments during the forecast period owing to several factors such as rapid urbanization along with an increase in infrastructure development activities across various countries worldwide.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to the increasing use of laser and ultrasound based devices for construction, industrial, and military applications. For instance, according to the National Institute of Standards & Technology (NIST), in 2015 U.S. government invested approximately USD X billion on defense equipment which includes both civil and military infrastructure projects such as buildings, roads etc.
Growth Factors:
- Increasing demand for distance meters in the automotive industry for safety and fuel efficiency reasons.
- The increasing demand from the construction and mining industries for accurate distance measurements in difficult to reach or hazardous areas.
- Growing popularity of laser-based distance meters, which are seen as more accurate than traditional optical devices.
- Advances in digital signal processing (DSP) technology that are making smaller, cheaper and more powerful distance meters possible.
Scope Of The Report
Report Attributes
Report Details
Report Title
Distance Meter Market Research Report
By Type
Ultrasonic Distance Meter, Laser Distance Meter
By Application
Automotive, Construction, Aerospace & Defense, Military Field, Other
By Companies
Bosch Service Solutions(Germany), Fluke(US), Extech Instruments(US), Leica Geosystems(Sweden), PCE Instruments(Germany), Uni-Trend(China), Spectra Lasers(US), Duncan Instruments(Canada), TackLifeTools(US), Reed-Direct(US), Bosch Service Solutions(Germany), DME Company(US), Harbor Frieght Tools(US), Control Company(US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Distance Meter Market Report Segments:
The global Distance Meter market is segmented on the basis of:
Types
Ultrasonic Distance Meter, Laser Distance Meter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Construction, Aerospace & Defense, Military Field, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch Service Solutions(Germany)
- Fluke(US)
- Extech Instruments(US)
- Leica Geosystems(Sweden)
- PCE Instruments(Germany)
- Uni-Trend(China)
- Spectra Lasers(US)
- Duncan Instruments(Canada)
- TackLifeTools(US)
- Reed-Direct(US)
- Bosch Service Solutions(Germany)
- DME Company(US)
- Harbor Frieght Tools(US)
- Control Company(US)
Highlights of The Distance Meter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ultrasonic Distance Meter
- Laser Distance Meter
- By Application:
- Automotive
- Construction
- Aerospace & Defense
- Military Field
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Distance Meter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Distance meter is a tool used to measure the distance between two points.
Some of the key players operating in the distance meter market are Bosch Service Solutions(Germany), Fluke(US), Extech Instruments(US), Leica Geosystems(Sweden), PCE Instruments(Germany), Uni-Trend(China), Spectra Lasers(US), Duncan Instruments(Canada), TackLifeTools(US), Reed-Direct(US), Bosch Service Solutions(Germany), DME Company(US), Harbor Frieght Tools(US), Control Company(US).
The distance meter market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Distance Meter Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Distance Meter Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Distance Meter Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Distance Meter Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Distance Meter Market Size & Forecast, 2020-2028 4.5.1 Distance Meter Market Size and Y-o-Y Growth 4.5.2 Distance Meter Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ultrasonic Distance Meter
5.2.2 Laser Distance Meter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Construction
6.2.3 Aerospace & Defense
6.2.4 Military Field
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Distance Meter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Distance Meter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ultrasonic Distance Meter
9.6.2 Laser Distance Meter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Construction
9.10.3 Aerospace & Defense
9.10.4 Military Field
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ultrasonic Distance Meter
10.6.2 Laser Distance Meter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Construction
10.10.3 Aerospace & Defense
10.10.4 Military Field
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ultrasonic Distance Meter
11.6.2 Laser Distance Meter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Construction
11.10.3 Aerospace & Defense
11.10.4 Military Field
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ultrasonic Distance Meter
12.6.2 Laser Distance Meter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Construction
12.10.3 Aerospace & Defense
12.10.4 Military Field
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ultrasonic Distance Meter
13.6.2 Laser Distance Meter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Construction
13.10.3 Aerospace & Defense
13.10.4 Military Field
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Distance Meter Market: Competitive Dashboard
14.2 Global Distance Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch Service Solutions(Germany)
14.3.2 Fluke(US)
14.3.3 Extech Instruments(US)
14.3.4 Leica Geosystems(Sweden)
14.3.5 PCE Instruments(Germany)
14.3.6 Uni-Trend(China)
14.3.7 Spectra Lasers(US)
14.3.8 Duncan Instruments(Canada)
14.3.9 TackLifeTools(US)
14.3.10 Reed-Direct(US)
14.3.11 Bosch Service Solutions(Germany)
14.3.12 DME Company(US)
14.3.13 Harbor Frieght Tools(US)
14.3.14 Control Company(US)