Market Overview:
The global range finder market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for range finders in commercial and defense applications. Additionally, the growing adoption of ultrasonic range finders is also contributing to the growth of this market. However, factors such as high cost and lack of awareness about these devices are restraining the growth of this market. On the basis of type, laser range finders accounted for a major share of the global range finder market in 2017. This segment is expected to continue its dominance during the forecast period due to their high accuracy and reliability.
Product Definition:
Range finders are devices used to measure the distance between two points. They can be used for a variety of purposes, such as golfing, archery, and hunting. Range finders are important because they allow people to accurately measure distances, which can help them improve their accuracy when aiming or hitting a target.
Laser:
Laser is a device that produces light by the process of optical amplification. The term “laser” as used in this context generally refers to diode lasers, which are widely used for cutting and welding applications. However, the term is also applied to other types of solid-state lasers such as gas laser and semiconductor laser among others (such as dye or organic lasers).
Ultrasonic:
Ultrasonic range finders are electronic devices used for measuring the distance between objects. They work on the principle of sound waves and measure the time it takes for these waves to travel from one object to another. The main components of an ultrasonic rangefinder include a transducer, a detector, and some kind of signal generator or oscillator that creates an ultrasound waveform.
The working principle is based on elastic collisions between ultrasonic signals.
Application Insights:
The defense application segment accounted for the largest revenue share of over 40% in 2017. The need for advanced technology to ensure better targeting and tracking has led to the development of range finders by defense agencies. These devices help military personnel determine the distance between two points with extreme accuracy, which is a must-have feature when it comes to shooting targets or missiles.
The commercial segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand from end users such as construction companies, oil & gas companies and mining firms among others that require precise measuring tools for carrying out their daily operations efficiently and safely at desired locations.
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to technological advancements and high adoption of range finders in military operations. The U.S. Air Force, Navy, and Army use a large number of laser rangefinders for targeting purposes across the globe as they are highly accurate, reliable, durable under harsh environmental conditions and provide long-term performance at a low cost.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing demand from end-users such as defense forces or law enforcement agencies coupled with rising incidences of crime across various countries including India China Pakistan Bangladesh Japan Sri Lanka Myanmar Thailand etc., which requires effective countermeasures against criminal activities at domestic level High population density along with growing urbanization has led governments across countries such as India China Pakistan Bangladesh Japan Sri Lanka Myanmar Thailand etc.
Growth Factors:
- Increasing demand for technologically advanced products in the military and defense sector
- Growing adoption of range finders in sports and outdoor activities
- Rising demand from the construction industry for accurate distance measurement
- Increasing use of range finders in surveying and mapping applications
- Proliferation of smart devices with augmented reality features
Scope Of The Report
Report Attributes
Report Details
Report Title
Range Finder Market Research Report
By Type
Laser, Ultrasonic
By Application
Commercial, Sports, Defense
By Companies
Carl Zeiss AG (Germany), Elbit Systems Ltd. (Israel), FLIR Systems, Inc. (US), Kongsberg Gruppen ASA (Norway), Robert Bosch GmbH (Germany), Northrop Grumman Corporation (US), Lockheed Martin Corporation (US), Rheinmetall AG(Germany), Thales Group (France), Saab AB (Sweden)
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Range Finder Market Report Segments:
The global Range Finder market is segmented on the basis of:
Types
Laser, Ultrasonic
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
Commercial, Sports, Defense
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:
- Carl Zeiss AG (Germany)
- Elbit Systems Ltd. (Israel)
- FLIR Systems, Inc. (US)
- Kongsberg Gruppen ASA (Norway)
- Robert Bosch GmbH (Germany)
- Northrop Grumman Corporation (US)
- Lockheed Martin Corporation (US)
- Rheinmetall AG(Germany)
- Thales Group (France)
- Saab AB (Sweden)
Highlights of The Range Finder 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:
- Laser
- Ultrasonic
- By Application:
- Commercial
- Sports
- Defense
- 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 Range Finder 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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- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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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?
Range Finder is a tool that helps you determine the distance between two points.
Some of the major companies in the range finder market are Carl Zeiss AG (Germany), Elbit Systems Ltd. (Israel), FLIR Systems, Inc. (US), Kongsberg Gruppen ASA (Norway), Robert Bosch GmbH (Germany), Northrop Grumman Corporation (US), Lockheed Martin Corporation (US), Rheinmetall AG(Germany), Thales Group (France), Saab AB (Sweden).
The range finder market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Range Finder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Range Finder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Range Finder Market - Supply Chain
4.5. Global Range Finder Market Forecast
4.5.1. Range Finder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Range Finder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Range Finder Market Absolute $ Opportunity
5. Global Range Finder Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Range Finder Market Size and Volume Forecast by Type
5.3.1. Laser
5.3.2. Ultrasonic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Range Finder Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Range Finder Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Sports
6.3.3. Defense
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Range Finder Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Range Finder Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Range Finder Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Range Finder Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Range Finder Demand Share Forecast, 2019-2026
9. North America Range Finder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Range Finder Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Range Finder Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Sports
9.4.3. Defense
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Range Finder Market Size and Volume Forecast by Type
9.7.1. Laser
9.7.2. Ultrasonic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Range Finder Demand Share Forecast, 2019-2026
10. Latin America Range Finder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Range Finder Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Range Finder Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Sports
10.4.3. Defense
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Range Finder Market Size and Volume Forecast by Type
10.7.1. Laser
10.7.2. Ultrasonic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Range Finder Demand Share Forecast, 2019-2026
11. Europe Range Finder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Range Finder Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Range Finder Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Sports
11.4.3. Defense
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Range Finder Market Size and Volume Forecast by Type
11.7.1. Laser
11.7.2. Ultrasonic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sale Channel
11.11. Europe Range Finder Demand Share, 2019-2026
12. Asia Pacific Range Finder Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Range Finder Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Range Finder Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Sports
12.4.3. Defense
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Range Finder Market Size and Volume Forecast by Type
12.7.1. Laser
12.7.2. Ultrasonic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Range Finder Demand Share, 2019-2026
13. Middle East & Africa Range Finder Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Range Finder Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Range Finder Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Sports
13.4.3. Defense
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Range Finder Market Size and Volume Forecast by Type
13.7.1. Laser
13.7.2. Ultrasonic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Range Finder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Range Finder Market: Market Share Analysis
14.2. Range Finder Distributors and Customers
14.3. Range Finder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Carl Zeiss AG (Germany)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Elbit Systems Ltd. (Israel)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. FLIR Systems, Inc. (US)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kongsberg Gruppen ASA (Norway)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Robert Bosch GmbH (Germany)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Northrop Grumman Corporation (US)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lockheed Martin Corporation (US)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rheinmetall AG(Germany)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Thales Group (France)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Saab AB (Sweden)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
