Rangefinder Market worth 3.57 Billion USD by 2022

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Rangefinder Market to reach 3.57 Billion USD by
2022 The report "Rangefinder Market by Type
(Ultrasonic Laser), End Use (Defense,
Commercial Sports), Range (Very Low (lt50 M),
Low (50 M To 500 M), Medium (500 M To 2.5 Km),
High (gt2.5 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 a CAGR of 21.91
from 2017 to 2022. The growth of the market can
be attributed to the increasing demand for
high-precision equipment in industrial processes
and enhanced accuracy in sports activities with
the use of rangefinders. Request For
Sample- https//www.marketsandmarkets.com/reques
tsampleNew.asp?id238355782 The growth of the
market across the globe can be attributed to the
increasing demand for high- precision equipment
in industrial processes and enhanced accuracy in
sports activities with the use 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 commercial
applications. 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 of rangefinders. Based on end use,
the defense segment of the rangefinder market is
expected to witness the highest 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 defense
industry. Based on range, the low (50 m to 500
m) segment of the rangefinder market is expected
to witness 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, and
photography. One of the major factors expected
to boost the growth of the rangefinder market in
North America 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).
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Speak to Analyst- https//www.marketsandmarkets.
com/speaktoanalystNew.asp?id238355782 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
rangefinders in 2017, owing to the increasing
demand for rangefinders in countries, such as
the 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 Marketsan
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