Global Military Laser Rangefinder Market, By Product (Man Portable, Vehicle Mounted) By Range (Up to 15 Km, over 15 Km) opportunities and forecast 2020-2027
Covid-19 Impact on Military Laser Rangefinder Market:
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.Military Laser Rangefinder Market Overview
The demand for the military laser rangefinder was gaining traction in previous years with increasing use of the vehicle-mounted systems in defence sector. The trend of the digital warfare is additionally contributing to demand for military laser rangefinder. Development of the lightweight rangefinder and also the growing applications of drones provides positive outlook for military laser rangefinder market in coming future. Lately, the miniaturized laser rangefinders were being developed, thus further expanding scope in the future.
With COVID-19, the world is fighting health pandemic as well as economic pandemic, impacting almost trillions of dollars of the revenues. Most of the market currently are experiencing low demand and supply chain disruption due to the pandemic. The year started as a good opportunity for the businesses, however, the pandemic has caused severe damages to import, export and hence on the demand and supply of the products. The effect is expected to be long term and will affect the developing economies specially for many years. As a result, the economies are expected to be affected adversely leading to layoffs and hence further lower demand for the products due to lack of money flow.
Although many of the markets are affected negatively, few markets such as online conference, food delivery apps and others have experienced significant increase in the order intake in the last few months. The markets are expected to show positive growth from mid-2021. The market report will include the detailed analysis of the COVID on the Military Laser Rangefinder market and various other factors such as economic impact, demand and supply etc.Military Laser Rangefinder Market Segment Overview
Military laser rangefinder market is expected to witness robust growth during forecast period on account of the increased production of the lightweight laser rangefinders or increased use in the drones. Moreover, military modernization/automation programs are further anticipated to fuel growth of military laser rangefinders. On other hand, development of miniature rangefinders for the enhanced accuracy is likely to offer further growth opportunities to key players active in military laser rangefinder market in the forecast period.
Global military laser rangefinder market is segmented by Product, Range and geography. Based on product, global military laser rangefinder market is segmented into Man Portable and Vehicle Mounted. Growing commercialization and industrialization have created demand for the professional and skilled labour in turn propelling the demand for the market. Globally, adoption of military laser rangefinder is presenting tremendous growth in the upcoming years. Similarly based on Range the market is being segmented into Up to 15 Km, over 15 Km. Increasing demand and increasing end use Range are expected to propel the market growth for global military laser rangefinder market in the coming years.
The report will include the in-depth analysis of each segment and geography to provide proper structure of the market and future growth opportunities to the market players, stakeholders, start-ups and others so that they can reform their strategies accordingly. Military Laser Rangefinder Regional Overview
The military laser rangefinder market, by region, has been segmented as Asia-Pacific, Europe, North America, and the rest of the world. The North America accounted for the largest market share in 2019, the market is likely to register CAGR of XX% during forecast period. Europe was second-largest market in 2019, the market is expected to register considerable CAGR. However, market in Asia-Pacific was anticipated to register highest CAGR. North America is likely to dominate global market in terms of share during the forecast period owing to technological advancements and well-developed economy of the country. Among North American countries, U.S. accounts for largest market share owing to growing investments in various sector, followed by the Canada and Mexico.Military Laser Rangefinder Market Competitor overview
The military laser rangefinder Market is consolidated in nature with few major players commanding the major market share of the military laser rangefinder Market. Continuous advancements, innovative products and mergers and such strategies were being used by these players to gain the market share. The report will provide exhaustive information about the top players and their revenue and strategies in the market. The report will also include recent development and other strategical move used by the players to enhance their market share in particular economy or product segments.Key Players
Military Laser Rangefinder Market Segmentation
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Leonardo S.p.A
- Thales Group
- L3 Technologies
- UTC Aerospace Systems
- Elbit Systems Inc.
- FLIR Systems
- General Atomics
- Gooch & Housego
- Man Portable
- Vehicle Mounted
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa