Market Overview:
The global military laser rangefinder market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to reach US$ 4,746.5 Mn by 2030, registering a CAGR of 7.9% from 2018 to 2030. The growth of the global military laser rangefinder market can be attributed to the increasing demand for man-portable and vehicle-mounted laser rangefinders for various applications such as weapon guidance and detection across different regions worldwide. In terms of type, the man-portable segment is expected to account for a larger share of the global military laser rangefinder market in 2018 and beyond owing to its growing demand from militaries across different countries for use in reconnaissance missions, target acquisition and artillery fire control applications.
Product Definition:
A military laser rangefinder is a device that uses lasers to determine the distance to an object. They are used in a variety of applications, including artillery fire control, missile guidance, and battlefield target designation.
Man-Portable:
The man-portable rangefinder is a device used for measuring the distance to an object. It can be used by personnel or vehicles and is mainly categorized into two types which are active and passive. The passive type does not contain any light source, while the active type emits its own light source for accurate measurement of target objects.
Vehicle-Mounted:
Vehicle-mounted rangefinders are used to measure the distance between a target and the vehicle. They are mainly used by military forces for ranging targets that are stationary or moving at a slow speed. The laser beam is projected onto the target and then reflected back to measure its distance. These devices can be mounted on top of vehicles, along with their targeting systems, which help in improving aiming accuracy during wars or any other dangerous situations where human lives depend on accurate aiming at a particular location.
Application Insights:
The weapon guidance segment dominated the global military laser rangefinder market in terms of revenue share in 2017. The growth can be attributed to the increasing adoption of guided missiles and smart munitions across all major regions. Laser-guided weapons have revolutionized modern warfare by making it possible for a soldier on the ground to hit targets that were previously out of his reach. Furthermore, advances in technology have made it possible for a single laser rangefinder mounted on an aircraft or a missile to guide several weapons at once, thereby saving both time and resources. Detection is expected to be the fastest-growing application segment over the forecast period owing to extensive usage as anti-aircraft defense systems against enemy aircrafts and missiles.
Regional Analysis:
North America dominated the global military laser rangefinder market in 2017. The U.S. is a major contributor to the regional market owing to high defense spending and adoption of advanced technologies by various armed forces for effective targeting and navigation of weapons systems, including mortars, artillery guns, rockets and missiles.
The Asia Pacific region is expected to witness significant growth over the forecast period owing to increasing demand from countries such as China, India, South Korea.
Growth Factors:
- Increasing demand for laser rangefinders from the military and defense sector as they provide high accuracy and precision in measuring distances.
- The growing trend of miniaturization of electronic devices is expected to fuel the demand for laser rangefinders over the forecast period.
- Rising investments by key players in research and development activities to develop new and innovative products is anticipated to propel the growth of this market during the forecast period.
- Growing adoption of laser rangefinders in unmanned aerial vehicles (UAVs) is projected to create lucrative opportunities for market players in this segment over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Laser Rangefinder Market Research Report
By Type
Man-Portable, Vehicle-Mounted
By Application
Weapon Guidance, Detection
By Companies
Elbit Systems, Leonardo, Lockheed Martin, Northrop Grumman, Saab, Thales Group, Safran Electronics & Defense, L3 Advanced Laser Systems Technology, FLIR Systems, Jenoptik, Elbit Systems
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Military Laser Rangefinder Market Report Segments:
The global Military Laser Rangefinder market is segmented on the basis of:
Types
Man-Portable, Vehicle-Mounted
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
Weapon Guidance, Detection
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:
- Elbit Systems
- Leonardo
- Lockheed Martin
- Northrop Grumman
- Saab
- Thales Group
- Safran Electronics & Defense
- L3 Advanced Laser Systems Technology
- FLIR Systems
- Jenoptik
- Elbit Systems
Highlights of The Military Laser Rangefinder 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:
- Man-Portable
- Vehicle-Mounted
- By Application:
- Weapon Guidance
- Detection
- 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 Military Laser Rangefinder 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
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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?
A military laser rangefinder is a device used by the military to measure distances. They are typically very accurate and can be used for a variety of purposes, such as target acquisition or navigation.
Some of the key players operating in the military laser rangefinder market are Elbit Systems, Leonardo, Lockheed Martin, Northrop Grumman, Saab, Thales Group, Safran Electronics & Defense, L3 Advanced Laser Systems Technology, FLIR Systems, Jenoptik, Elbit Systems.
The military laser rangefinder market is expected to grow at a compound annual growth rate of 7.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Military Laser Rangefinder 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 Military Laser Rangefinder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Military Laser Rangefinder 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 Military Laser Rangefinder 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 Military Laser Rangefinder Market Size & Forecast, 2018-2028
4.5.1 Military Laser Rangefinder Market Size and Y-o-Y Growth
4.5.2 Military Laser Rangefinder Market Absolute $ Opportunity
Chapter 5 Global Military Laser Rangefinder 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 Military Laser Rangefinder Market Size Forecast by Type
5.2.1 Man-Portable
5.2.2 Vehicle-Mounted
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Military Laser Rangefinder 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 Military Laser Rangefinder Market Size Forecast by Applications
6.2.1 Weapon Guidance
6.2.2 Detection
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Military Laser Rangefinder 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 Military Laser Rangefinder 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 Military Laser Rangefinder Analysis and Forecast
9.1 Introduction
9.2 North America Military Laser Rangefinder 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 Military Laser Rangefinder Market Size Forecast by Type
9.6.1 Man-Portable
9.6.2 Vehicle-Mounted
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 Military Laser Rangefinder Market Size Forecast by Applications
9.10.1 Weapon Guidance
9.10.2 Detection
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 Military Laser Rangefinder Analysis and Forecast
10.1 Introduction
10.2 Europe Military Laser Rangefinder 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 Military Laser Rangefinder Market Size Forecast by Type
10.6.1 Man-Portable
10.6.2 Vehicle-Mounted
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 Military Laser Rangefinder Market Size Forecast by Applications
10.10.1 Weapon Guidance
10.10.2 Detection
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 Military Laser Rangefinder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Military Laser Rangefinder 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 Military Laser Rangefinder Market Size Forecast by Type
11.6.1 Man-Portable
11.6.2 Vehicle-Mounted
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 Military Laser Rangefinder Market Size Forecast by Applications
11.10.1 Weapon Guidance
11.10.2 Detection
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 Military Laser Rangefinder Analysis and Forecast
12.1 Introduction
12.2 Latin America Military Laser Rangefinder 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 Military Laser Rangefinder Market Size Forecast by Type
12.6.1 Man-Portable
12.6.2 Vehicle-Mounted
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 Military Laser Rangefinder Market Size Forecast by Applications
12.10.1 Weapon Guidance
12.10.2 Detection
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) Military Laser Rangefinder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Military Laser Rangefinder 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) Military Laser Rangefinder Market Size Forecast by Type
13.6.1 Man-Portable
13.6.2 Vehicle-Mounted
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) Military Laser Rangefinder Market Size Forecast by Applications
13.10.1 Weapon Guidance
13.10.2 Detection
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 Military Laser Rangefinder Market: Competitive Dashboard
14.2 Global Military Laser Rangefinder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Elbit Systems
14.3.2 Leonardo
14.3.3 Lockheed Martin
14.3.4 Northrop Grumman
14.3.5 Saab
14.3.6 Thales Group
14.3.7 Safran Electronics & Defense
14.3.8 L3 Advanced Laser Systems Technology
14.3.9 FLIR Systems
14.3.10 Jenoptik
14.3.11 Elbit Systems
