Market Overview:
The global rangefinder market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the rangefinder market can be attributed to the increasing demand for advanced and innovative products, rising adoption of rangefinders in various applications, and growing demand from emerging economies. The photoelectric rangefinder segment is expected to hold the largest share of the global rangefinder market in 2018. This segment is projected to grow at a CAGR of 7% during the forecast period. The acoustic rangefinder segment is projected to grow at a CAGR of 5% during the forecast period. The military application segment is estimated to account for the largest share of the global Range finder Market in 2018 and this trend is anticipated continue throughoutthe forecast period .
Product Definition:
Rangefinder is a optical device used to measure the distance between two objects. It is also used in photography to help compose images.
Photoelectric Rangefinder:
The photoelectric rangefinder is a device that emits light and measures the distance to an object. The measurement is based on how much light the target object reflects. It can be used in both, air and water environments for measuring objects up to 60 meters away in foggy weather conditions or at night. In addition, it can also be used as a ranging device for determining the range of aircraft or ships from land, coastal areas or other water bodies.
Acoustic Rangefinder:
The acoustic rangefinder is a device used to measure the distance of sound waves. It works on the principle that a change in the pitch of sound waves reflectsivity changes with increasing distance. The working principle is based on the fact that sound travels through air as particles called phonons and these particles interact with each other and their environment to form an audible tone when they reach your ear.
There are two types of rangefinders, active.
Application Insights:
The military application segment dominated the global rangefinder market in terms of revenue in 2017. The use of rangefinders by defense forces for shooting and navigation is one of the key factors contributing to their large share. Moreover, constant product innovation and features including laser pointer, ballistic calculator, weatherproof body is expected to drive their demand in this segment over the forecast period.
Construction industry was another prominent segment that accounted for a significant market share owing to its usage for measuring distances between targets and reference points such as benchmarks or zero point on each construction site. These devices are also used during survey activities where it helps measure horizontal distances from one point on a structure to another with greater accuracy than GPS can provide alone at great distance away from built-up areas or roadways.
Regional Analysis:
North America dominated the global rangefinder market in 2017. The U.S., being a developed nation, has greater penetration of advanced and high-tech products such as Global Positioning System (GPS) devices in daily life applications such as smartphones and laptops. However, the demand for rangefinders is increasing due to their utility in military operations and law enforcement agencies across countries such as Canada, Mexico, Brazil among others.
Asia Pacific region is expected to witness significant growth over the forecast period owing to rising government initiatives for improving road infrastructure network across countries including India China Japan among others are expected to boost product demand over next eight years or so.
Growth Factors:
- Increasing demand for advanced rangefinders in the military and defense sector
- Growing popularity of golf and other outdoor activities that require accurate distance measurement
- Advances in technology that make rangefinders more compact, lightweight, and powerful
- Increased awareness of the benefits of using a rangefinder for improving accuracy and performance in sports and other activities
- Continued growth in global population, which will lead to increased demand for recreational products like golf clubs and rangefinders
Scope Of The Report
Report Attributes
Report Details
Report Title
Rangefinder Market Research Report
By Type
Photoelectric Rangefinder, Acoustic Rangefinder
By Application
Military, Construction, Industrial, Sports, Forestry
By Companies
Trueyard, Vista Outdoor, ORPHA, NIKON, ZEISS, Leica Camera, LTI, HILTI, Bosch, FLUKE, Trueyard, Newcon Optik, Leupold, OPTi-LOGIC, BOSMA, Flir Systems, Kongsberg Gruppen
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
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Rangefinder Market Report Segments:
The global Rangefinder market is segmented on the basis of:
Types
Photoelectric Rangefinder, Acoustic Rangefinder
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
Military, Construction, Industrial, Sports, Forestry
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:
- Trueyard
- Vista Outdoor
- ORPHA
- NIKON
- ZEISS
- Leica Camera
- LTI
- HILTI
- Bosch
- FLUKE
- Trueyard
- Newcon Optik
- Leupold
- OPTi-LOGIC
- BOSMA
- Flir Systems
- Kongsberg Gruppen
Highlights of The 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:
- Photoelectric Rangefinder
- Acoustic Rangefinder
- By Application:
- Military
- Construction
- Industrial
- Sports
- Forestry
- 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 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.
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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?
Rangefinder is a camera term that refers to a type of camera that uses an optical system to measure the distance to an object and then calculates the appropriate lens aperture or shutter speed.
Some of the major companies in the rangefinder market are Trueyard, Vista Outdoor, ORPHA, NIKON, ZEISS, Leica Camera, LTI, HILTI, Bosch, FLUKE, Trueyard, Newcon Optik, Leupold, OPTiï¼LOGIC, BOSMA, Flir Systems, Kongsberg Gruppen.
The rangefinder market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 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 Rangefinder Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 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 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 Rangefinder Market Size & Forecast, 2018-2028 4.5.1 Rangefinder Market Size and Y-o-Y Growth 4.5.2 Rangefinder Market Absolute $ Opportunity
Chapter 5 Global 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 Rangefinder Market Size Forecast by Type
5.2.1 Photoelectric Rangefinder
5.2.2 Acoustic Rangefinder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Rangefinder Market Size Forecast by Applications
6.2.1 Military
6.2.2 Construction
6.2.3 Industrial
6.2.4 Sports
6.2.5 Forestry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Rangefinder Analysis and Forecast
9.1 Introduction
9.2 North America 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 Rangefinder Market Size Forecast by Type
9.6.1 Photoelectric Rangefinder
9.6.2 Acoustic Rangefinder
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 Rangefinder Market Size Forecast by Applications
9.10.1 Military
9.10.2 Construction
9.10.3 Industrial
9.10.4 Sports
9.10.5 Forestry
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 Rangefinder Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Rangefinder Market Size Forecast by Type
10.6.1 Photoelectric Rangefinder
10.6.2 Acoustic Rangefinder
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 Rangefinder Market Size Forecast by Applications
10.10.1 Military
10.10.2 Construction
10.10.3 Industrial
10.10.4 Sports
10.10.5 Forestry
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 Rangefinder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Rangefinder Market Size Forecast by Type
11.6.1 Photoelectric Rangefinder
11.6.2 Acoustic Rangefinder
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 Rangefinder Market Size Forecast by Applications
11.10.1 Military
11.10.2 Construction
11.10.3 Industrial
11.10.4 Sports
11.10.5 Forestry
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 Rangefinder Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Rangefinder Market Size Forecast by Type
12.6.1 Photoelectric Rangefinder
12.6.2 Acoustic Rangefinder
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 Rangefinder Market Size Forecast by Applications
12.10.1 Military
12.10.2 Construction
12.10.3 Industrial
12.10.4 Sports
12.10.5 Forestry
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) Rangefinder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Rangefinder Market Size Forecast by Type
13.6.1 Photoelectric Rangefinder
13.6.2 Acoustic Rangefinder
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) Rangefinder Market Size Forecast by Applications
13.10.1 Military
13.10.2 Construction
13.10.3 Industrial
13.10.4 Sports
13.10.5 Forestry
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 Rangefinder Market: Competitive Dashboard
14.2 Global Rangefinder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trueyard
14.3.2 Vista Outdoor
14.3.3 ORPHA
14.3.4 NIKON
14.3.5 ZEISS
14.3.6 Leica Camera
14.3.7 LTI
14.3.8 HILTI
14.3.9 Bosch
14.3.10 FLUKE
14.3.11 Trueyard
14.3.12 Newcon Optik
14.3.13 Leupold
14.3.14 OPTi-LOGIC
14.3.15 BOSMA
14.3.16 Flir Systems
14.3.17 Kongsberg Gruppen