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Rangefinder Market worth 3.57 Billion USD by 2022

The rangefinder market is estimated at 1.32 Billion in 2017 and is projected to reach USD 3.57 Billion by 2022, at a CAGR of 21.91% from 2017 to 2022.

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Rangefinder Market worth 3.57 Billion USD by 2022

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  1. Rangefinder Market to reach 3.57 Billion USD by2022 The report "Rangefinder Market by Type (Ultrasonic & Laser), End Use (Defense, Commercial & Sports), Range (Very Low (<50 M), Low (50 M To 500 M), Medium (500 M To 2.5 Km), & High (>2.5 Km)) and Region - Global Forecast to 2022", The rangefinder market is estimated at 1.32 Billion in 2017 and is projected to reach USD 3.57 Billion by 2022, at aCAGRof21.91%from2017to2022.Thegrowthofthemarketcanbeattributedtotheincreasing demand for high-precision equipment in industrial processes and enhanced accuracy in sports activities with the use ofrangefinders. Request ForSample:- https://www.marketsandmarkets.com/requestsampleNew.asp?id=238355782 The growth of the market across the globe can be attributed to the increasing demand for high- precisionequipmentinindustrialprocessesandenhancedaccuracyinsportsactivitieswiththeuse of rangefinders.The rangefinder market has been segmented based on type, end use, range, and region. Based on type, the rangefinder market has been segmented into laser and ultrasonic. The laser segment is projected to be the larger segment of the market, owing to the increased usage of such rangefinders in commercialapplications. Based on type, the laser segment is projected to lead the rangefinder market. Technological advancements in electro-optics and miniature high-speed semiconductors used in laser rangefinders are expected to boost the demand for this type ofrangefinders. Basedonenduse,thedefensesegmentoftherangefindermarketisexpectedtowitnessthehighest growth during the forecast period. The growth of this segment is expected to be driven by the increasing demand to provide precise information about the target in various applications in the defenseindustry. Basedonrange,thelow(50mto500m)segmentoftherangefindermarketisexpectedtowitness the highest growth during the forecast period. The growth of this segment can be attributed to the increasing use of low range rangefinders in commercial applications, including automotive, construction, andphotography. OneofthemajorfactorsexpectedtoboostthegrowthoftherangefindermarketinNorthAmerica is defense equipment modernization programs, particularly in the US. Countries, such as the US and Canada have been considered in the North America rangefinder market.Some of the key players operating in the rangefinder market include Elbit Systems Ltd. (Israel), Kongsberg Gruppen ASA (Norway), Lockheed Martin Corporation (US), Saab AB (Sweden), and Thales Group (France).

  2. Speak to Analyst:- https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=238355782 The rangefinder market has been studied for regions, including North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is estimated to be the largest market for rangefindersin2017,owingtotheincreasingdemandforrangefindersincountries,suchasthe U.S. and Canada. The rangefinder market in Europe and Asia Pacific is also expected to witness high growth, owing to the rapid modernization and rise in defense equipment upgrades by governments of various countries in these regions. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threatswhichwillimpact70%to80%ofworldwidecompanies’revenues.Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenuesdecisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of thecurve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of nichemarkets. Mr. Shelly Singh MarketsandMarkets™INC.

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