Rangefinder

Rangefinder

Global Rangefinders Market to Reach $1.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Rangefinders estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at aCAGR of 4.2% over the period 2020-2027. Laser, one of the segments analyzed in the report, is projected to record 4.1% CAGR and reach US$972.6 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Ultrasonic segment is readjusted to a revised 4.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $350.5 Million, While China is Forecast to Grow at 3.9% CAGR

The Rangefinders market in the U.S. is estimated at US$350.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$285.5 Million by the year 2027 trailing a CAGR of 3.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Select Competitors (Total 46 Featured) -

• Carl Zeiss AG
• Elbit Systems Ltd.
• FLIR Systems, Inc.
• Kongsberg Gruppen ASA
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Rheinmetall AG
• Robert Bosch GmbH
• SAAB AB
• Thales Group

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