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Military Laser Rangefinder Market, By Product (Portable, Vehicle Mounted), By Application (Weapon Guidance, Detection) opportunities and forecast 2020-2026

  • DLR1874
  • 29 May, 2020
  • Aerospace & Defense
  • Pages: 120
  • Global
Market Overview

Changing landscape of the war in recent times is one of major factors driving military laser rangefinder market, with development of twenty first-century digital warfare. Fast rising production of lightweight laser rangefinders is likely to induce demand in military rangefinder market further. The lightweight laser rangefinders allow faster mobility and considerably reduces chances of fatigue of the troops.

Many countries are concentrating on upgrade of the airborne defense and thee offense systems. Thus, application of the drones as laser rangefinders is promptly gaining momentum. Rising preference for the miniature rangefinders will supplementary provide the market with development prospects owing to the several advantages of the miniature rangefinders that include enhanced accuracy, safety of the soldiers, and the effective military operations.

Segment Overview

The global market has been segmented on the basis of product type, range, application, and region. Based on type, the man-portable segment commanded the largest market share in 2019, with market considerable value, which is likely to witness considerable CAGR during the prediction period. In terms of the application, weapon segment accounted for largest market share in 2019, which is likely to witness CAGR during forecast period. In terms of the range, up to 15 km segment accounted for largest market share in 2019, which is likely to witness CAGR during forecast period.

Regional Overview

Based on region, the Asia-Pacific is becoming lucrative region for firms that provide the military laser rangefinder firms, due to significant spending in defense sector and the demand from countries such as India, China, and South Korea. North America is expected to grow high rate of development in the military laser rangefinder market in the coming years, owing to the increase in adoption of advanced military systems by the soldiers during the combat operations.

Competitor overview

New opportunity expected to boost military laser systems market include increasing demand for the directed-energy weapons in various military applications. These systems are power-efficient and compact and can strike limitless bullets with speed of light. They are correspondingly capable of stopping land, air, and sea targets in path. Thus, they are anticipated to prove as complementary weapon in battlefields exactly effective in disabling drones and rockets. Leading companies including Raytheon International Inc. and the Lockheed Martin Corporation among various others are assimilating innovative technologies such as the auxiliary technologies and sophisticated beam control in the systems to deliver defensive as well as violent capabilities against rising threats to military forces and the infrastructure making these systems, commonplace.

Key Players
  1. Lockheed Martin Corporation
  2. Northrop Grumman Corporation
  3. Leonardo S.p.A
  4. Thales Group
  5. L3 Technologies
  6. UTC Aerospace Systems
  7. Elbit Systems Inc.
  8. FLIR Systems
  9. General Atomics
  10. Gooch & Housego

Market Segmentation

By Product
  • Portable
  • Vehicle Mounted
By Application
  • Weapon Guidance
  • Detection
By Geography
  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    • Brazil
    • Saudi Arabia
    • UAE
    • Rest of LAMEA

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