Rangefinder Market: Global Industry Analysis and Forecast (2023-2029)

Rangefinder Market size was valued at US$ 1.368 Billion in 2022 and the total Rangefinder revenue is expected to grow at 4.8% through 2023 to 2029, reaching nearly US$ 1.90 Billion. Rangefinder Market Overview: A rangefinder is a device used to measure distances between a source and a remote object. These are specifically useful in finding out the distance between a target and the gunman (in military or sports). Different types of rangefinders have different applications in different fields e.g. industrial and commercial rangefinders. Another important application of rangefinding is topography. The rangefinder emits a laser or ultrasonic beam on a faraway target and based on the time it took to return to its source, it calculates the distance between the source and the target.