Rangefinder Market projected to Reflect 21.91% CAGR throughout 2017-2022

Rangefinder Market by Type (Ultrasonic & Laser), End Use (Defense, Commercial & Sports), Range (Very Low (2.5 Km)) and Region - Global Forecast to 2022

Rangefinder Market report represents the revenue opportunities in the market through to 2022, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.

The rangefinder market is projected to grow from an estimated $ 1.32 billion in 2017 to $ 3.57 billion by 2022, at a CAGR of 21.91% from 2017 to 2022.

Rangefinder Market highlights key players such as Aerohive Networks, Inc., Alcatel-Lucent Sa, Apple, Inc., Aruba Networks, Inc., AT&T, Inc., Allscripts Healthcare Solutions, Inc., Brocade Communications Systems, Inc., Cerner Corporation, Cisco Systems, Inc., Hewlett-Packard Company, IBM Corporation, Intel Corporation, Mckesson Corporation, Motorola Solutions, Inc., Philips Healthcare, Qualcomm, Inc., Research In Motion (Blackberry), Samsung Group, Siemens Healthcare, Verizon Communications, Inc., Vocera Communications, Inc.

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The factors expected to drive the market in the coming years are increased focus on the modernization of the defense equipment by various countries and rise in the demand for rangefinders for accuracy in sports activities.

Based on type, the laser segment is estimated to be a larger segment of the rangefinder market during the forecast period. The growth of the laser segment can be attributed to the rising need for accurate and precise information about an object from long distances. The reduction in the price of laser rangefinders, owing to advancements in semiconductor technology is expected to further fuel the growth of the segment.

Based on end use, the commercial segment is estimated to be the largest segment of the rangefinder market during the forecast period. One of the key factors expected to propel the demand for rangefinders in the commercial sector is the increasing adoption of automation in the automotive, process industry and construction industries.

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Break-up of the profile of primary participants for this report:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, Tier 3 – 20%
• By Designation: C level – 35%, Director level – 25%, Others – 40%
• By Region: North America –26%, Europe – 30%, Asia-Pacific – 22%, South America – 13% and the Middle East and Africa - 9%

Research Coverage
The study segments the rangefinder market based on end use (defense, commercial and sports), type (laser, ultrasonic), and range (very low (2.5 km)) and maps these segments and subsegments across major regions, including, North America, Europe, Asia Pacific, and Rest of the World. The report provides in-depth market intelligence regarding the market dynamics and major factors, such as drivers, restraints, opportunities, and industry-specific challenges, that influence the growth of the range finder market. The report also analyzes micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall rangefinder market.

Rangefinder Market, By Range
• Introduction
• Very Low (2.5 Km)

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The rangefinder market report provides insights on the following pointers:

Market Penetration: Comprehensive information regarding the competitive landscape in the rangefinder market
Market Size: Market size in the financial year 2015-2016 and projection of the market size between 2017and 2022
Product Development/Innovation: Detailed insights on the upcoming technologies, research & development activities, and new product launches in the rangefinder market
Market Overview: Market dynamics and subsequent analysis of associated trends, drivers, restraints, and opportunities prevailing in the rangefinder market
Market Development: Comprehensive information about lucrative markets by analyzing markets for rangefinder across various regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the rangefinder market
Regional Analysis: Factors influencing the market shares in North America, Europe, Asia-Pacific, and Rest of the World
Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading market players.

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Release ID: 243566