Military Laser Rangefinder Market Share

Military Laser Rangefinder Market: Simple BreakdownThe global military laser rangefinder market is divided into different parts based on the type of product, how it's used, the distance it can cover, and where in the world it's used.

Type of Product: Man-Portable Segment
This part includes rangefinders that people can carry easily. In 2017, these made up the biggest part of the market, with 61.44% share, valued at USD 342.3 million. The prediction is that this segment will keep growing at a rate of 7.74% during the forecast period.
How It's Used: Weapon Guidance Segment
This category involves rangefinders used for guiding weapons. In 2017, it was the most significant part of the market, holding a 77.51% share, valued at USD 431.9 million. The expectation is that it will continue growing at a rate of 7.10% during the forecast period.
Distance It Can Cover: Up to 15 Km Segment
This part covers rangefinders that can measure distances up to 15 kilometers. In 2017, it was the largest part of the market, with a 71.77% share, valued at USD 399.9 million. The projection is that it will grow at a rate of 6.50% during the forecast period.
These divisions help understand how different types of military laser rangefinders are used and where the market is heading.

The Changing Face of Warfare: SimplifiedThe way wars are fought has changed a lot in the last 20 years. Now, it's not just about having good weapons but also making sure they hit the right targets without causing too much extra damage. This is where advanced military laser rangefinders come in.One big reason for these high-tech rangefinders is the increase in missions against extremist groups all around the world. These rangefinders are like a team-up between special forces on the ground and attack aircraft. This partnership became important after the First Gulf War in 1990-1991. They realized that for certain missions, having laser rangefinder systems would make air strikes more accurate and deadly.These rangefinders are not just for big bombings; they're also used in surgical strikes against extremist and terrorist groups. In these cases, special forces on the ground can use the rangefinders to make sure they hit the target exactly where they want. This way, it's safer for the special forces, and there's less chance of causing extra damage to nearby areas.This kind of advanced technology has caught the attention of defense authorities worldwide because it's helping make military operations more precise and less risky for the people involved.