Military Laser Rangefinder Market by Product and Geography - Forecast and Analysis 2022-2026

The military laser rangefinder market share is expected to increase by USD 4.67 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.70%.

This military laser rangefinder market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers military laser rangefinder market segmentation by product (handheld equipment and observation systems) and geography (North America, Europe, APAC, South America, and MEA). The military laser rangefinder market report also offers information on several market vendors, including 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 among others.

What will the Military Laser Rangefinder Market Size be During the Forecast Period?

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Military Laser Rangefinder Market: Key Drivers and Challenges

The demand for lightweight military laser rangefinders is notably driving the military laser rangefinder market growth, although factors such as hazards associated with laser operations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the military laser rangefinder industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Military Laser Rangefinder Market Driver

To enhance the levels of border security and protection, the defense agencies have been increasingly inclined toward equipping their military personnel with upgraded arms and ammunitions. For instance, in 2019, the US Army awarded a USD17.6-million contract to Northrop Grumman for the upgrade of target locator modules (TLMs) and retrofit the TLMs with the modern lightweight laser designator rangefinder (LLDR) 2H man-portable targeting system. Furthermore, in September 2018, the US Army chose Leonardo to help the army's navigation and targeting experts with an electro-optical all-weather day-and-night target designation and laser rangefinder system for the proper guidance of smart munitions to their targets. The growing acceptance of such lightweight, integrated systems among defense agencies will drive the growth of the global military laser rangefinder market during the forecast period. Need for highly precise weapons Increase in border security threats

Key Military Laser Rangefinder Market Challenge

One of the key challenges to the global military laser rangefinder market growth is the hazards associated with laser operations. All laser system, including laser rangefinders, generates high-energy pulses which can cause serious damages to eyes  (to retina, cornea, and lens) and skin depending on the laser wavelength. It can also cause flash blindness that persists even after the removal of the source of illumination, disability glare, and momentary flash blindness that can occur from visible laser exposures, even below MPE levels. Therefore, the use of military laser rangefinders is harmful to military personnel, which can impede the adoption, thereby impacting the growth of the market in focus during the forecast period.

This military laser rangefinder market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Military Laser Rangefinder Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• 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

 

This statistical study of the military laser rangefinder market encompasses successful business strategies deployed by the key vendors. The military laser rangefinder market is concentrated and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The military laser rangefinder market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Military Laser Rangefinder Market?

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46% of the market's growth will originate from North America during the forecast period. 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.

The huge investment in warfare technology for applications such as an attack, support, and protection, as well as on the training of forces to improve their efficiency will facilitate the military laser rangefinder market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Military Laser Rangefinder Market?

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The military laser rangefinder market share growth by the hand-held equipment segment will be significant during the forecast period. The growth is attributed to the high quality and durability of the equipment. The significant increase in demand for handheld equipment such as laser rangefinder monoculars, binoculars, and multifunctional devices will also facilitate in achieving the global military laser rangefinder market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the military laser rangefinder market size and actionable market insights on post COVID-19 impact on each segment.

 

Military Laser Rangefinder Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.70%
Market growth 2022-2026	$ 4.67 billion
Market structure	Concentrated
YoY growth (%)	5.11
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	North America at 46%
Key consumer countries	US, Russian Federation, Canada, China, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	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
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Military Laser Rangefinder Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive military laser rangefinder market growth during the next five years
• Precise estimation of the military laser rangefinder market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the military laser rangefinder industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of military laser rangefinder market vendors

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