Global Military Laser Rangefinder Market Research Report - Forecast till 2023

Global Military Laser Rangefinder Market Research Report – Forecast till 2023

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The global military laser rangefinder market is estimated to register a 6.70% CAGR during the forecast period from 2018 to 2023.

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Description

Military Laser Rangefinder Market

Military laser rangefinder systems provide targeting and upgraded weapon sights for laser-guided bombs, missiles, or precision-guided artillery munitions, such as the Paveway series of bombs or the AGM-114 Hellfire anti-tank missiles. These portable devices are carried by the armed forces, special forces, and forward air controllers (FAC); they consist of an optical sight and a laser emitter.

These systems may vary in size; they are usually mounted on tripods to ensure a stable aiming platform. Over time, military laser rangefinders have become a vital component in the defense industry.

There have been technological advancements in military laser rangefinders. Currently, a number of companies, such as BAE Systems, Northrop Grumman, and Thales Group, have invested in military laser rangefinders; this would significantly propel market growth.

The development of laser-guided weapons, introduction of safe laser rangefinders, modernization of warfare, and production of lightweight laser rangefinders are the key factors driving the growth of the global market.

Furthermore, the integration of laser rangefinders with unmanned aerial vehicle (UAV) and market penetration in emerging economies and target countries create promising growth opportunities for market players. Meanwhile, the health concerns associated with laser rangefinders and difficult operability in extreme weather conditions are expected to hinder market growth to a certain extent.

Regional Analysis

The global military laser rangefinder market is estimated to register a 6.70% CAGR during the forecast period from 2018 to 2023. In 2017, the market was led by North America with a 35.54% share, followed by Europe and Asia-Pacific with shares of 25.33% and 20.11% respectively. Asia-Pacific is the expected to be the fastest-growing market for military laser rangefinders.

North America dominates the global market and is likely to grow at a remarkable rate during the forecast period. The presence of key companies, such as Lockheed Martin Corporation, Northrop Grumman Corporation, and FLIR Systems Inc., results in the dominance of this region in the global market.

Moreover, the increasing military expenditure by the US Department of Defense (DoD) on miniature military rangefinders, in recent years, has resulted in a significant surge in demand in this region.

Key Players
Elbit Systems Ltd (Israel), FLIR Systems Inc. (US), Jenoptik AG (Germany), L-3 Technologies Inc. (US), Leonardo SpA (Italy), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Saab AB (Sweden), Safran (France), and Thales Group (France) are the key players profiled in this report. Lockheed Martin Corporation and Northrop Grumman Corporation were the leading players in the market, accounting for nearly 50% of the market in 2017.

Objectives of the Global Military Laser Rangefinder Market Report—Forecast till 2023

• To provide insights into the factors influencing market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regional markets and key countries
• To provide historical and forecast revenue of the market segments based on product type, application, range, and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their market shares and core competencies and drawing a competitive landscape for the market

Target Audience
• Military and defense organizations
• Government and regulatory authorities
• Military end users
• Laser rangefinder manufacturers, service providers, and distributors
• Military equipment manufacturers

Key Findings
• The global military laser rangefinder market in this report has been segmented, on the basis of product type, into man-portable and vehicle-mounted. The man-portable segment market is projected to register the higher CAGR of 7.74% during the forecast period.
• Based on application, the global military laser rangefinder market has been segmented into weapon guidance and detection. The weapon guidance segment market is projected to register the higher CAGR of 7.10% during the forecast period.
• The global military laser rangefinder market in this report has been segmented, based on range, into up to 15 km and over 15 km. The up to 15 km segment market is projected to register the higher CAGR of 6.50% during the forecast period.
• North America would dominate the military laser rangefinder market from 2018 to 2023. It is expected to register a CAGR of 6.92%% during the forecast period to reach a market size of USD 274.0 million by the end of 2023.

The regional analysis also includes
• North America
o US
o Canada

• Europe

o France
o UK
o Germany
o Rest of Europe

• Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific

• Rest of the World
o Middle East & Africa
o Latin America

Related reports: Global Ultrafast Laser Market Research Report – Forecast till 2027

Additional information

Publisher

Geography Covered

Pages

Format

Table of Contents

  1 Executive Summary 2 Market Introduction 2.1 Definition 2.2 Scope of the Study 2.3 List of Assumptions 2.4 Market Structure 2.5 Key Takeaways 2.6 Key Buying Criteria 3 Research Methodology 3.1 Research Process 3.2 Primary Research 3.3 Secondary Research 3.4 Market Size Estimation 3.5 Forecast Model 4 Market Dynamics 4.1 Introduction 4.2 Drivers 4.2.1 Growing demand for land mobile radio in private security services industry 4.2.2 Rise in defense expenditure and subsequent demand for military communication equipment 4.3 Restraints 4.3.1 Rise of automated security systems for public safety 4.3.2 Increased use of UAVs in military missions 4.4 Opportunity 4.4.1 Rising uptake of LMR for industrial and commercial applications 4.5 Trend 4.5.1 Transition to LTE technology 5 Market Factor Analysis 5.1 Porter’s Five Forces Model 5.1.1 Threat of New Entrants 5.1.2 Bargaining Power of Suppliers 5.1.3 Bargaining Power of Buyers 5.1.4 Threat of Substitutes 5.1.5 Intensity of Rivalry 5.2 Supply Chain 6 Global Land Mobile Radio System Market, By Type 6.1 Overview 6.1.1 Portable 6.1.2 Vehicle-mounted 7 Global Land Mobile Radio System Market, By Application 7.1 Overview 7.1.1 Public Safety 7.1.2 Commercial 8 Global Land Mobile Radio System Market, By Technology 8.1 Overview 8.1.1 Digital 8.1.2 Analog 9 Global Land Mobile Radio System Market, By Region 9.1 Overview 9.2 North America 9.2.1 US 9.2.1.1 US by Type 9.2.1.2 US by Application 9.2.1.3 US by Technology 9.2.2 Canada 9.2.2.1 Canada by Type 9.2.2.2 Canada by Application 9.2.2.3 Canada by Technology 9.3 Europe 9.3.1 France 9.3.1.1 France by Type 9.3.1.2 France by Application 9.3.1.3 France by Technology 9.3.2 UK 9.3.2.1 UK by Type 9.3.2.2 UK by Application 9.3.2.3 UK by Technology 9.3.3 Germany 9.3.3.1 Germany by Type 9.3.3.2 Germany by Application 9.3.3.3 Germany by Technology 9.3.4 Rest of Europe 9.3.4.1 Rest of Europe by Type 9.3.4.2 Rest of Europe by Application 9.3.4.3 Rest of Europe by Technology 9.4 Asia-Pacific 9.4.1 China 9.4.1.1 China by Type 9.4.1.2 China by Application 9.4.1.3 China by Technology 9.4.2 India 9.4.2.1 India by Type 9.4.2.2 India by Application 9.4.2.3 India by Technology 9.4.3 Japan 9.4.3.1 Japan by Type 9.4.3.2 Japan by Application 9.4.3.3 Japan by Technology 9.4.4 Rest of Asia-Pacific 9.4.4.1 Rest of Asia-Pacific by Type 9.4.4.2 Rest of Asia-Pacific by Application 9.4.4.3 Rest of Asia-Pacific by Technology 9.5 Rest of the World 9.5.1 Middle East & Africa 9.5.1.1 Middle East & Africa by Type 9.5.1.2 Middle East & Africa by Application 9.5.1.3 Middle East & Africa by Technology 9.5.2 Latin America 9.5.2.1 Latin America by Type 9.5.2.2 Latin America by Application 9.5.2.3 Latin America by Technology 10 Competitive Landscape 10.1 Competitive Scenario 10.2 Market Share Analysis 11 Company Profiles 11.1 Harris Corporation 11.1.1 Company Overview 11.1.2 Financial Overview 11.1.3 Products/Services Offered 11.1.4 Key Developments 11.1.5 SWOT Analysis 11.1.6 Key Strategy 11.2 Hytera Communications Corporation Ltd. 11.2.1 Company Overview 11.2.2 Financial Overview 11.2.3 Products/Services Offered 11.2.4 Key Developments 11.2.5 SWOT Analysis 11.2.6 Key Strategy 11.3 ICOM Inc. 11.3.1 Company Overview 11.3.2 Financial Overview 11.3.3 Products/Services Offered 11.3.4 Key Developments 11.3.5 SWOT Analysis 11.3.6 Key Strategy 11.4 JVCKenwood Corporation 11.4.1 Company Overview 11.4.2 Financial Overview 11.4.3 Products/Services Offered 11.4.4 Key Developments 11.4.5 SWOT Analysis 11.4.6 Key Strategy 11.5 Leonardo S.p.A 11.5.1 Company Overview 11.5.2 Financial Overview 11.5.3 Products/Services Offered 11.5.4 Key Developments 11.5.5 SWOT Analysis 11.5.6 Key Strategy 11.6 Motorola Solutions, Inc. 11.6.1 Company Overview 11.6.2 Financial Overview 11.6.3 Products/Services Offered 11.6.4 Key Developments 11.6.5 SWOT Analysis 11.6.6 Key Strategy 11.7 RELM Wireless Corporation 11 Executive Summary 2 Market Introduction 2.1 Definition 2.2 Scope of the Study 2.3 List of Assumptions 2.4 Market Structure 2.5 Key Takeaways 2.6 Key Buying Criteria 3 Research Methodology 3.1 Research Process 3.2 Primary Research 3.3 Secondary Research 3.4 Market Size Estimation 3.5 Forecast Model 4 Market Dynamics 4.1 Introduction 4.2 Drivers 4.2.1 Development of laser guided weapons 4.2.2 Introduction of safe laser rangefinders 4.2.3 Modernization of warfare 4.2.4 Production of lightweight laser rangefinders 4.3 Restraints 4.3.1 Health concerns associated with laser rangefinders 4.3.2 Difficult operability in extreme weather conditions 4.3.3 Usage of smoke screens 4.4 Opportunities 4.4.1 Integration of laser rangefinders with UAV 4.4.2 Market penetration in the emerging and target countries 5 Market Factor Analysis 5.1 Porter’s Five Forces Model 5.1.1 Threat of New Entrants 5.1.2 Bargaining Power of Suppliers 5.1.3 Bargaining Power of Buyers 5.1.4 Threat of Substitutes 5.1.5 Rivalry 5.2 Supply Chain 6 Global Military Laser Rangefinder Market, by Product Type 6.1 Overview 6.1.1 Man-Portable 6.1.2 Vehicle-Mounted 7 Global Military Laser Rangefinder Market, by Application 7.1 Overview 7.1.1 Weapon Guidance 7.1.2 Detection 8 Global Military Laser Rangefinder Market, by Range 8.1 Overview 8.1.1 Up to 15 KM 8.1.2 Over 15 KM 9 Global Military Laser Rangefinder Market, by Region 9.1 Overview 9.2 North America 9.2.1 US 9.2.1.1 US by Product Type 9.2.1.2 US by Application 9.2.1.3 US by Range 9.2.2 Canada 9.2.2.1 Canada by Product Type 9.2.2.2 Canada by Application 9.2.2.3 Canada by Range 9.3 Europe 9.3.1 Germany 9.3.1.1 Germany by Product Type 9.3.1.2 Germany by Application 9.3.1.3 Germany by Range 9.3.2 UK 9.3.2.1 UK by Product Type 9.3.2.2 UK by Application 9.3.2.3 UK by Range 9.3.3 Russia 9.3.3.1 Russia by Product Type 9.3.3.2 Russia by Application 9.3.3.3 Russia by Range 9.3.4 France 9.3.4.1 France by Product Type 9.3.4.2 France by Application 9.3.4.3 France by Range 9.3.5 Rest of Europe 9.3.5.1 Rest of Europe by Product Type 9.3.5.2 Rest of Europe by Application 9.3.5.3 Rest of Europe by Range 9.4 Asia-Pacific 9.4.1 China 9.4.1.1 China by Product Type 9.4.1.2 China by Application 9.4.1.3 China by Range 9.4.2 Japan 9.4.2.1 Japan by Product Type 9.4.2.2 Japan by Application 9.4.2.3 Japan by Range 9.4.3 India 9.4.3.1 India by Product Type 9.4.3.2 India by Application 9.4.3.3 India by Range 9.4.4 South Korea 9.4.4.1 South Korea by Product Type 9.4.4.2 South Korea by Application 9.4.4.3 South Korea by Range 9.4.5 Australia 9.4.5.1 Australia by Product Type 9.4.5.2 Australia by Application 9.4.5.3 Australia by Range 9.4.6 Rest of Asia-Pacific 9.4.6.1 Rest of Asia-Pacific by Product Type 9.4.6.2 Rest of Asia-Pacific by Application 9.4.6.3 Rest of Asia-Pacific by Range 9.5 Middle East & Africa 9.5.1 Israel 9.5.1.1 Israel by Product Type 9.5.1.2 Israel by Application 9.5.1.3 Israel by Range 9.5.2 UAE 9.5.2.1 UAE by Product Type 9.5.2.2 UAE by Application 9.5.2.3 UAE by Range 9.5.3 Saudi Arabia 9.5.3.1 Saudi Arabia by Product Type 9.5.3.2 Saudi Arabia by Application 9.5.3.3 Saudi Arabia by Range 9.5.4 Rest of Middle East & Africa 9.5.4.1 Rest of Middle East & Africa by Product Type 9.5.4.2 Rest of Middle East & Africa by Application 9.5.4.3 Rest of Middle East & Africa by Range 9.6 Latin America 9.6.1 Brazil 9.6.1.1 Brazil by Product Type 9.6.1.2 Brazil by Application 9.6.1.3 Brazil by Range 9.6.2 Mexico 9.6.2.1 Mexico by Product Type 9.6.2.2 Mexico by Application 9.6.2.3 Mexico by Range 9.6.3 Rest of Latin America 9.6.3.1 Rest of Latin America by Product Type 9.6.3.2 Rest of Latin America by Application 9.6.3.3 Rest of Latin America by Range 10 Competitive Landscape 10.1 Competitive Scenario 10.2 Market Share Analysis 10.3 Competitor Benchmarking 11 Company Profiles 11.1 Elbit Systems Ltd. 11.1.1 Company Overview 11.1.2 Financial Overview 11.1.3 Product Offerings 11.1.4 Key Developments 11.1.5 SWOT Analysis 11.1.6 Key Strategy 11.2 FLIR Systems, Inc. 11.2.1 Company Overview 11.2.2 Financial Overview 11.2.3 Product Offerings 11.2.4 Key Developments 11.2.5 SWOT Analysis 11.2.6 Key Strategy 11.3 Jenoptik AG 11.3.1 Company Overview 11.3.2 Financial Overview 11.3.3 Product Offerings 11.3.4 Key Developments 11.3.5 SWOT Analysis 11.3.6 Key Strategy 11.4 L-3 Technologies Inc. 11.4.1 Company Overview 11.4.2 Financial Overview 11.4.3 Product Offerings 11.4.4 Key Developments 11.4.5 SWOT Analysis 11.4.6 Key Strategy 11.5 Leonardo S.p.A 11.5.1 Company Overview 11.5.2 Financial Overview 11.5.3 Product Offerings 11.5.4 Key Developments 11.5.5 SWOT Analysis 11.5.6 Key Strategy 11.6 Lockheed Martin Corporation 11.6.1 Company Overview 11.6.2 Financial Overview 11.6.3 Products Offerings 11.6.4 Key Developments 11.6.5 SWOT Analysis 11.6.6 Key Strategy 11.7 Northrop Grumman Corporation 11.7.1 Company Overview 11.7.2 Financial Overview 11.7.3 Product Offerings 11.7.4 Key Developments 11.7.5 SWOT Analysis 11.7.6 Key Strategy 11.8 Saab AB 11.8.1 Company Overview 11.8.2 Financial Overview 11.8.3 Product Offerings 11.8.4 Key Developments 11.8.5 SWOT Analysis 11.8.6 Key Strategy 11.9 Safran 11.9.1 Company Overview 11.9.2 Financial Overview 11.9.3 Products Offerings 11.9.4 Key Developments 11.9.5 SWOT Analysis 11.9.6 Key Strategy 11.1 Thales Group 11.10.1 Company Overview 11.10.2 Financial Overview 11.10.3 Product Offerings 11.10.4 Key Developments 11.10.5 SWOT Analysis 11.10.6 Key Strategy 12 Appendix 11.7.2 Financial Overview 11.7.3 Products/Services Offered 11.7.4 Key Developments 11.7.5 SWOT Analysis 11.7.6 Key Strategy 11.8 Simoco Wireless Solutions Limited 11.8.1 Company Overview 11.8.2 Financial Overview 11.8.3 Products/Services Offered 11.8.4 Key Developments 11.8.5 SWOT Analysis 11.8.6 Key Strategy 11.9 Tait Ltd. 11.9.1 Company Overview 11.9.2 Financial Overview 11.9.3 Products/Services Offered 11.9.4 Key Developments 11.9.5 SWOT Analysis 11.9.6 Key Strategy 11.1 Thales Group 11.10.1 Company Overview 11.10.2 Financial Overview 11.10.3 Product Offerings 11.10.4 Key Developments 11.10.5 SWOT Analysis 11.10.6 Key Strategy 12 Appendix 12.1 References

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