The global Laser Rangefinder market is valued at 1098 million USD in 2016 and is expected to reach 1516 million USD by the end of 2022, growing at a CAGR of 5.5% between 2016 and 2022.
North America is the leading market in terms of volume and value, closely followed by Europe and Asia. The world Telescope Laser Rangefinder market is dominated by Trueyard, Vista Outdoor, ORPHA, NIKON, ZEISS, Leica Camera, LTI, HILTI, Bosch, FLUKE, Mileseey, Newcon Optik, Leupold, OPTi－LOGIC, BOSMA and etc.
The Laser Rangefinder industry is highly concentrated, there are more than ten manufacturers (production 100 K Units grade) in the world, and high-end products mainly come from USA and Western Europe.
In the world wide, major manufactures mainly distribute in North America and Europe. In North America, transnational companies, like TRUEYARD, Vista Outdoor, LTI, Leupold, OPTi－LOGIC and FLUKE, are taking a leading share in this area. As to EU, ORPHA and Leica have become global leaders.
The world Laser Rangefinder market breaks down into two large families: Telescope Laser Rangefinder, Hand-held Laser Rangefinder. In the overall market, an estimated 2.6 million Laser Rangefinder are sold in 2016. About 80% of these are in Telescope Laser Rangefinder and 20% in Hand-held Laser Rangefinder in 2016.
All manufactures in the world are committed to the improvement of product. These two years, some of Chinese manufactures can almost catch up with the world’s leading technology too. Most technologies are developed by the manufacturers instead of importing from other companies.