Military Laser Rangefinder Market Was Valued At USD 530.2 Million In 2016 And Is Expected To Reach USD 803.4 Million By 2023 With A CAGR 6.29%, During The Forecast Period 2017-2023
Global Military Laser Rangefinder Market – Overview
Development of 21st century digital warfare means has changed the outlook on defense. Many countries have been rapidly moving towards upgradation of their current airborne offence & defense systems. This never-ending race between detection and stealth technologies is the major reason for rapid developments within technologies such as drones, and military rangefinders as well as their applications. Military laser rangefinders market is expected to be driven primarily by growing demand for lightweight laser rangefinders and miniature rangefinders.
Although rangefinders as a product has advanced at a very fast pace, inherent damage on health following prolonged usage is yet to be tackled completely. Issues ranging from skin damage to corneal inflammation and retinal burn haven’t been resolved. Apart from health concerns, market for laser rangefinders is also affected by shortcomings in its operation in difficult weather conditions. Although night vision feature has already been implemented in lot of rangefinders, inability of lasers to operate in smoke screens as well as extreme weathers such as dense fog, storm, and heavy snow poses a major obstacle for the market growth.
Key Players:
L3 Technologies Inc. (U.S.), Leonardo S.p.A. (Italy), Northrop Grumman Corporation (U.S.), Thales Group (France), Elbit Systems Ltd (Israel), FLIR Systems Inc. (U.S.), Lockheed Martin (U.S.), Saab AB (Sweden), Safran Electronics & Defense (France), and Jenoptik AG (Germany) are some of the major players that have been profiled in this report. These companies majorly drive innovation and advancement within this industry which help shape the outlook for this market.
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Global Military Laser Rangefinder Market – Segmentation
The report includes study as well as of Military Laser Rangefinders market, categorized into segments as described below –
Application Segment – includes analysis of the market broken down into weapon guidance application and detection application
Type Segment – includes analysis of the market broken down into man-portable (carried by soldiers) type and vehicle-mounted type
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