Military Laser Rangefinder Market Size, Technology, Key Players Analysis, Applications and Forecasts to 2027
Development of 21st century digital warfare means has changed the outlook on defense. Many countries have been rapidly moving towards upgradation of their current airborne offence & defense systems. This never-ending race between detection and stealth technologies is the major reason for rapid developments within technologies such as drones, and military rangefinders as well as their applications. Military laser rangefinders market is expected to be driven primarily by growing demand for lightweight laser rangefinders and miniature rangefinders. Lightweight rangefinders provide advantages such as faster mobility, and significantly reduced fatigue among troops on account of low weight as well as added built-in functions such as GPS, and data sharing. Miniature rangefinders are also expected to find increased preference in the next few years. Miniature rangefinders not only allow size advantage but also provide with increased accuracy & safety as well as efficient military operations.
Military
Laser Rangefinder Market Size
Ability to achieve high level of integration and
interoperability along with unmanned air vehicles (UAV) is expected to create
large opportunities for laser rangefinders. Inception of miniature
rangefinders, coupled with the rapid implementation of UAVs for numerous
military operations has opened up an entirely new avenue for the laser
rangefinder market.
Although rangefinders as a product has advanced at a very
fast pace, inherent damage on health following prolonged usage is yet to be
tackled completely. Issues ranging from skin damage to corneal inflammation and
retinal burn haven’t been resolved. Apart from health concerns, market for
laser rangefinders is also affected by shortcomings in its operation in
difficult weather conditions. Although night vision feature has already been
implemented in lot of rangefinders, inability of lasers to operate in smoke
screens as well as extreme weathers such as dense fog, storm, and heavy snow
poses a major obstacle for the market growth.
The military laser rangefinder market was valued at USD
530.2 million in 2016 and is expected to reach USD 803.4 million by 2023 with a
CAGR 6.29%, during the forecast period 2017-2023.
Key Players:
L3 Technologies Inc. (U.S.), Leonardo S.p.A. (Italy),
Northrop Grumman Corporation (U.S.), Thales Group (France), Elbit Systems Ltd
(Israel), FLIR Systems Inc. (U.S.), Lockheed Martin (U.S.), Saab AB (Sweden),
Safran Electronics & Defense (France), and Jenoptik AG (Germany) are some
of the major players that have been profiled in this report. These companies
majorly drive innovation and advancement within this industry which help shape
the outlook for this market.
Industry News
May 2017: FNSS Savunma Sistemleri revealed the first
prototype of its Kaplan MT Modern Medium Weight Tank (MMWT) at the IDEF 2017
exhibition. This tank is equipped with a computerized fire-control system (FCS)
which incorporates a laser rangefinder for stabilised day/thermal sighting
system.
February 2017: Elbit Systems entered into a technical
collaboration Bharat Electronics Limited (India), a defense sector public sector
company, for joint production and maintenance of Compact Multi-Purpose Advanced
Stabilised System (CoMPASS).Bharat Electronics Limited would be supply as well
as provide maintenance services to CoMPASS users in India.
February 2017: Northrop Grumman signed a five year-contract
worth USD 16.9 million with the US Army. The contract includes provision of
maintenance, repair, and sustainment services for the Lightweight Laser
Designator Range Finder (LLDR) systems.
January 2017: China enhanced PGZ-07 capability with the
installation of a new sensor pod, existing sensor pod is positioned above the
tracking radar, which is mounted on the forward part of the turret, and
includes a laser rangefinder.
January 2017: Lockheed Martin signed a contract worth USD
150.9 million, with the US Navy, to develop a target sight system for the Cobra
attack helicopter. The sight system is an infrared system with a laser and
rangefinder turret.
Global Military Laser Rangefinder Market – Segmentation
The report includes study as well as of Military Laser
Rangefinders market, categorized into segments as described below –
Application Segment – includes analysis of the market broken
down into weapon guidance application and detection application
Type Segment – includes analysis of the market broken down
into man-portable (carried by soldiers) type and vehicle-mounted type
Complete Report Details @ https://www.marketresearchfuture.com/reports/military-laser-rangefinder-market-4218
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