Fire Control System Market Set for Explosive Growth with 5.22% CAGR by 2027

MarkNtel Advisors recently published a detailed industry analysis of the Global Fire Control System Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Fire Control System Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027

The Fire Control System Market is estimated to grow at a CAGR of around 5.22% during the forecast period, i.e., 2022-27.

Key Findings in Global Fire Control System Market:

• Historical Analysis: 2017–2020
• Base Year: 2021
• Forecast Period: 2022–2027

Leading Market Players- Elbit Systems Ltd., General Dynamics Corporation, Indra Sistemas, S.A., BAE Systems Inc., Lockheed Martin Corp., Safran Group, Ultra Electronics Group, Rheinmetall AG, Leonardo SpA, Northrop Grumman Corporation, L3Harris Technologies Inc, Raytheon Technologies Corp., SAAB AB, Thales Group, Israel Aerospace Industries (IAI) Ltd

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Fire Control System industry?

Growing Demand for Precision Weapons- The demand for precision weapons is increasing, owing to various factors such as rising expenditures on defense, increasing terrorism, and increasing border conflicts. These weapons are designed to attack the intended target precisely & reduce collateral damage. They are used for air, ground & land operations. Additionally, the governments of developed countries such as the US, Russia, etc., invest heavily in modernizing defense platforms. Thus, manufacturers are shifting towards developing precision weapons.

• In 2021, EDGE Group secured a USD880 million contract from the UAE Armed Forces to supply precision-guided weapons.

Furthermore, precision-guided munitions comprise various weapons such as KM-8 Gran & Kitolov-2M, equipped with fire control systems. Thus, growing emphasis on reducing collateral damage would increase the demand for precision weapons, thereby enhancing the market for the fire control system.

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What segments define the Global Fire Control System Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?

By System

• Target Acquisition & Guidance System
  • Fire Control Radar
  • Sonar
  • Rangefinder
• Ballistics Computer & Display & Interface Units
• Navigation Systems
• Power Systems
• Auxiliary Systems
• Stabilization Systems
• Others

By Platform

• Land
  • Main Battle Tanks
  • Armored Fighting Vehicles (AFV)
  • Light Protected Vehicles (LPV)
  • Multiple Rocket Launcher Systems(MRLS)
  • Unmanned Ground Vehicles
  • Artillery Systems
    • Air Defense System
    • Howitzers
    • Mortars
• Naval
  • Destroyers
  • Frigates
  • Corvettes
  • Oshore Patrol Vessels (OPV)
  • Amphibious Ships
  • Submarines
  • Unmanned Surface Vehicles (USVs)
• Airborne
  • Attack Helicopters
  • Fighter Aircraft
  • Special Mission Aircraft

According to report, Of them all, for the militaries around the world, land-based weapons have been an essential component of increasing the firepower as well as being a force multiplier.

By Weapon Class

• Automatic Guns
  • Rifles
  • Machine Guns
  • Gatling Guns
  • Autocannons
• Launchers
  • Automatic Grenade Launchers
  • Missile Launchers
  • Rocket Launchers
  • Mortar Launchers
  • Torpedo Launchers

According to report, Among the two, the Launch-based systems are expected to retain a sizeable market share in the fire control system in the forecast period.

By Range

• Short Range (0-9 Km)
• Medium Range (9.1-80 Km)
• Long Range (Above 80 Km)

Explore the Complete Global Fire Control System Market Analysis Report – https://www.marknteladvisors.com/research-library/fire-control-system-market.html

Geographical Analysis: Global Fire Control System Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global Fire Control System Market Recent Development:

• In 2021, L3Harris Technologies launched Next Generation Squad Weapon Fire Control (NGSW-FC) system for the US army.      
• In 2021, Thales Australia signed a contract with Rheinmetall Defense Australia for manufacturing the important weapon components for the new Boxer 8x8 Combat Reconnaissance Vehicles for the Australian army.
• In 2021, Lockheed Martin Canada signed a contract with MBDA to integrate the Sea Ceptor air defense weapon system on the Royal Canadian Navy’s new Canadian Surface Combatant (CSC).
• In 2018, Thales signed a contract with the German Navy for the delivery of new corvettes(K130).

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Fire Control System Market?
• How is the Global Fire Control System Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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