Pune, India, October 7, 2016 /MRFR Press Release/- Market Research Future published a cooked research report on global Military Laser Rangefinder Systems market. The global market for global Military Laser Rangefinder Systems market is expected to witness significant growth between 2016 and 2023.
Military Laser Rangefinder Systems Market
Many countries are focusing on upgradation of their airborne defense and offence systems, thus application of drones as laser rangefinders is rapidly gaining momentum. Growing preference for miniature rangefinders will further provide the market with growth prospects owing to several advantages of miniature rangefinders which include enhanced accuracy, safety of soldiers and efficiency military operations.
Difficulty in operability and efficiency in extreme weather is expected to act as a major restraint for the military rangefinders market. As per MRFR analysis, the military laser rangefinder market was valued at USD 530.2 million in 2016 which is expected to reach USD 803.4 million by 2023 with a CAGR 6.29%, during the forecast period 2017-2023.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Military Laser Rangefinder Systems Market Research Report - Forecast to 2023”.
Access Report Details @ https://www.marketresearchfuture.com/reports/military-laser-rangefinder-market-4218
Global Military Laser Rangefinder Systems Market:
By 2023, North America is expected to be the dominant region in the Military Laser Rangefinder market primarily due to the presence of major manufacturers in this region. In addition, increasing military expenses by the US Department of Defense (DOD) on miniature military rangefinders have resulted in the Military Laser Rangefinder market witnessing a surge in demand in this region. Military operations and exercise in the Middle Eastern countries will result in U.S. focusing of integrated UAV’s and laser rangefinder systems, which will further deepen the scope for the military rangefinder system market in the North American region. Europe is expected to acquire the second largest market due to the high expenses on soldier modernization programs by countries in this region.
The key players of global Military Laser Rangefinder Systems market are L3 Technologies, Leonardo, Northrop Grumman, Thales, UTC Aerospace Systems, Elbit Systems, FLIR Systems, General Atomics, Gooch & Housego, and RPMC Lasers. In 2016, these companies accounted for a share of XX% of the global market.
Market Research Analysis:
The changing landscape of war in recent times is one of the major factors driving the Military laser rangefinder market, with the development of 21st century digital warfare. Rapidly rising production of lightweight laser rangefinders is expected to further induce demand in the military rangefinder market. Lightweight laser rangefinders enable faster mobility and significantly reduces chances of fatigue of the troops.
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| Companies Covered | 15 |
| Pages | 140 |
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