Rangefinder Market (By Application- Golf, Forestry, Ballistics, Virtual reality. By Type – Ultrasonic, and Laser. By End-Use- Defense, Commercial and Sports. By Range – Very low (<50m), Low ( 50m to 500m), Medium (500m to 2.5km) and High (>2.5km)) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2021 – 2031.

The ‘Global Rangefinder Market’ was valued at $2.12 Billion in 2020 and is expected to reach $9.92 Billion 2031 at the CAGR of 14.3% between 2021 and 2031.

A rangefinder is a type of device used in the ranging process to evaluate distance from the onlooker to a target. Rangefinder is an innovative grade of technology that has been progressing over the last century. It is a handheld device used for several situations. Rangefinder offers significant benefits for golf, archery and hunting. While hunting, hunters use this device to measure the distance between themselves and the target. By using this device hunters can make an accurate shot to catch hold of their prey. Rangefinders for golf do the prime measuring work. Before every stroke, players use this rangefinder device to choose the right golf club. Laser rangefinder gives the pinpoint flag accuracy to golfers. The laser rangefinder uses a laser beam to measure the distance from the object. Long range laser rangefinders have the capability to measure distance up to 20km. Moreover, in case of ultrasonic rangefinder, the device uses sound waves having higher frequencies to measure distances and avoids obstacles. Ultrasonic rangefinder releases high frequency sound waves to avoid barrier. These types of rangefinder are generally used in robots. An ultrasonic range finder sensor is used in robots to perceive obstacles in its path by making use of the high frequency sound waves. The ultrasonic range finder sensor emits sound wave having frequency of about 40 kHz which reflects back to the sensor after hitting a barrier. Rapid growth of rangefinders in various fields has enhanced the market growth of this device during the projection period of 2021-2031.

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Rangefinder offers wide range of benefits in various fields such as for hunting, golf and archery. Along with this, rangefinders are equipped with powerful lenses that can capture an entire panorama accurately. Before firing, sharpshooters often make use of this device to figure out ideal ballistics. The same goes for bow hunters and archers. Furthermore, necessity of determining the distance of the object can be done with the use of rangefinder. Hence, these factors are expected to fuel the market growth of rangefinders over the forecast period.

Major applications of rangefinder covered in report are Golf, Forestry, Ballistics and Virtual reality. The rangefinder market in report is segmented by type which includes ultrasonic rangefinder, and laser rangefinder. The global rangefinder market has been further segmented by end-use which includes defense, commercial and sports. The defense segment is further segmented as airborne, marine and ground based. Commercial segment is segmented as automotive, industrial robotics, photography and construction. The sports segment is further segmented as golf, shooting and archery. Moreover, on the basis of range, the rangefinder market is segmented as very low (<50m), low (50m to 500m), medium (500m to 2.5km) and high (>2.5km). Further, the rangefinder market is segmented geographically into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.

Rangefinder is a new kind of technology and is expected to grow at a high rate with the increase in industrial sector across the globe. Rangefinders will be one of the major trends to gain traction in this market in the upcoming years. Rangefinders are widely used in industrial robots for various application needs. In several countries, the rapid increasing demand for sports culture is also augmenting the demand of rangefinders.

Some of the major players in the rangefinders market are Carl Zeiss AG (Germany), Elbit Systems Ltd. (Israel), FLIR Systems, Inc. (US), Kongsberg Gruppen ASA (Norway), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Rheinmetall AG(Germany), Robert Bosch GmbH (Germany), Saab AB (Sweden), and Thales Group (France). and among others.

Scope of the Report:

The Global Rangefinder Market has been segmented into:

Global Rangefinder Market: By Application

• Golf
• Forestry
• Ballistics
• Virtual Reality

Global Rangefinder Market: By Type

• Ultrasonic
• Laser

Global Rangefinder Market: By End-Use

• Defense
• Airborne
• Marine
• Ground Based
• Commercial
• Automotive
• Industrial Robotics
• Photography
• Construction
• Sports
• Golf
• Shooting
• Archery

Global Rangefinder Market: By Range

• Very Low (<50m)
• Low (50m to 500m)
• Medium (500m to 2.5km)
• High (>2.5km)

Global Rangefinder Market: By Geography

• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• France
• Germany
• Rest of Europe
• Asia Pacific
• India
• China
• Japan
• Rest of Asia Pacific
• Middle East and Africa
• South Africa
• Rest of Middle East and Africa
• Latin America
• Brazil
• Rest of Latin America