Authored By: Sarah
19 Jan 2022

Military Laser Rangefinder Market Growth Analysis | Demand for lightweight military laser rangefinders to drive growth

Trends, Drivers and Vendor Forecasts for 2022-2026

The Military laser rangefinder market is expected to grow by $ 4.67 billion, accelerating at a CAGR of almost 6.70% during the forecast period. The market is concentrated. This research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in this intensely competitive market, players must distinguish their product and service offerings through a clear and unique value proposition. Elbit Systems Ltd., Jenoptik AG, LAP GmbH Laser Applikationen, Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Saab AB, Safran SA, Teledyne FLIR LLC, and Thales Group are some of the major market participants.


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Military Laser Rangefinder Market: Top Drivers to Boost Demand

The demand for lightweight military laser rangefinders is one of the primary factors driving the growth of the military laser rangefinder market. Defense agencies are driven towards enhancing border security and protection, hence they are inclined to equip military personnel with upgraded arms and ammunitions. For instance, in 2019, the US Army awarded a $17.6-million contract to Northrop Grumman for the upgradation of target locator modules (TLMs) and retrofit the TLMs with the modern lightweight laser designator rangefinder (LLDR) 2H man-portable targeting system. The growing popularity of such lightweight, integrated systems among defense agencies will drive market growth.

The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report

Military Laser Rangefinder Market Size to Grow by $ 4.67 Billion| Research Report with Top Trends, Drivers and Vendor Forecasts for 2022-2026

Military Laser Rangefinder Market: Market Segments and Key Trends

The Military laser rangefinder market is segmented by Product (Handheld equipment and Observation systems) and Geography (North America, Europe, APAC, South America, and MEA). North America led the market by contributing 46% of the market growth. The US and Canada are the key markets for military laser rangefinders in North America. Market growth in North America will be faster than the growth of the market in other regions. This is attributed to the huge investment in warfare technology for preparation against attacks as well as to train, support and protect the armed forces.

Key Focus Areas in Our Reports:

  • Military Laser Rangefinder Market Split by Product
    • Handheld equipment
    • Observation systems
  • Military Laser Rangefinder Market Split by Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Elbit Systems Ltd.
  • Jenoptik AG
  • LAP GmbH Laser Applikationen
  • Leonardo Spa
  • Lockheed Martin Corp.
  • Northrop Grumman Corp.
  • Saab AB
  • Safran SA
  • Teledyne FLIR LLC
  • Thales Group

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of 6.70%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 4.67 bn through 2022-2026.

     
  3. What is a key factor driving this market?
    Demand for lightweight military laser rangefinders will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    46% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Elbit Systems Ltd., Jenoptik AG, LAP GmbH Laser Applikationen, Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Saab AB, Safran SA, Teledyne FLIR LLC, and Thales Group

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Handheld equipment and Observation systems) and Geography (North America, Europe, APAC, South America, and MEA)
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