Fire Control System to Witness Widespread Expansion During 2018 – 2023

NY, USA, August-26, 2019 /Aerospace -- 

The fire control system market is projected to grow from $5.9 billion in 2018 to $7.3 billion by 2023, at a CAGR of 4.37% from 2018 to 2023

Based on platform, the airborne segment is expected to grow at the highest CAGR during the forecast period

Based on platform, the airborne segment of the fire control system market is projected to grow at the highest CAGR during the forecast period. Fire control systems play a crucial role in combat aircraft, in hitting targets in air to air missions with accuracy. Across the world, every other fighter aircraft and helicopter is installed with fire control systems. Airborne platforms have evolved to support multi-mission warfare machines capable of conducting a variety of missions. These platforms can be used for command & control, air defense, bombing, air dominance, close air support, reconnaissance, and other roles.

Obtain Brochure For Latest Technology Advancements

Table of Contents

1 Introduction (Page No. - 21)

    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Markets Covered
           1.2.2 Years Considered for the Study
    1.3 Currency & Pricing
    1.4 Limitations
    1.5 Market Stakeholders

2 Research Methodology (Page No. - 24)

    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
    2.2 Market Definition & Scope
           2.2.1 Segment Definitions
                    2.2.1.1 Fire Control System Market, By System
                    2.2.1.2 Fire Control System Market, By Platform
                    2.2.1.3 Fire Control System Market, By Weapon Class
                    2.2.1.4 Fire Control System Market, By Range
           2.2.2 Exclusions
           2.2.3 Breakdown of Primaries
    2.3 Research Approach & Methodology
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown & Data Triangulation
           2.4.1 Market Sizing and Forecasting
    2.5 Grey Areas

Continue...

List of Tables (92 Tables)

Table 1 Important Innovation and Patent Registrations, 2013-2018
Table 2 Fire Control System Market Size, By System, 2016–2023 (USD Million)
Table 3 Target Acquisition & Guidance System Market Size, By Region, 2016–2023 (USD Million)
Table 4 Ballistics Computer and Display & Interface Units Market Size, By Region, 2016–2023 (USD Million)
Table 5 Navigation System Market Size, By Region, 2016–2023 (USD Million)
Table 6 Power Systems Market Size, By Region, 2016–2023 (USD Million)
Table 7 Auxiliary Systems Market Size, By Region, 2016–2023 (USD Million)
Table 8 Stabilization Systems Market Size, By Region, 2016–2023 (USD Million)
Table 9 Other Systems Market Size, By Region, 2016–2023 (USD Million)
Table 10 Fire Control System Market Size, By Platform, 2016-2023 (USD Million)
Table 11 Land Fire Control System Market Size, By Application, 2016-2023 (USD Million)
Table 12 Land Fire Control System Market Size, By Region, 2016-2023 (USD Million)
Table 13 Land Fire Control System Market Size, By Artillery System, 2016-2023 (USD Million)
Table 14 Naval Fire Control System Market Size, By Application, 2016-2023 (USD Million)
Table 15 Naval Fire Control System Market Size, By Region, 2016-2023 (USD Million)
Table 16 Airborne Fire Control System Market Size, By Application, 2016-2023 (USD Million)
Table 17 Airborne Fire Control System Market Size, By Region, 2016-2023 (USD Million)
Table 18 Fire Control System Market Size, By Weapon Class, 2016–2023 (USD Million)
Table 19 Fire Control System Market in Automatic Guns, By Region, 2016-2023 (USD Million)
Table 20 Fire Control System Market in Automatic Guns, By Type, 2016-2023 (USD Million)

Continue...

List of Figures (48 Figures)

Figure 1 Research Process Flow
Figure 2 Fire Control System Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions of the Research Study
Figure 8 Land Segment Projected to Lead Fire Control System Market From 2018 to 2023
Figure 9 Launchers Segment Projected to Lead Fire Control System Market From 2018 to 2023
Figure 10 Target Acquisition & Guidance Systems Segment Projected to Lead Fire Control System Market From 2018 to 2023
Figure 11 Medium-Range (8 to 90km) Segment Projected to Lead Fire Control System Market From 2018 to 2023
Figure 12 Ongoing Military Modernization Programs is One of the Major Factors Driving the Fire Control System Market
Figure 13 Target Acquisition & Guidance Systems Segment Expected to Lead Fire Control System Market During Forecast Period
Figure 14 Fire Control Radar Segment Expected to Lead Target Acquisition & Guidance Systems Market From 2018 to 2023
Figure 15 Armored Fighting Vehicles Segment Expected to Lead Land Fire Control System Market From 2018 to 2023

Continue...

Key Market Players

The major players in the fire control system market include Elbit Systems Ltd (Israel), General Dynamics Corporation (US), Rheinmetall AG (Germany), BAE Systems (UK), Lockheed Martin (US), Safran (France), Leonardo (Italy), Raytheon Company (US), SAAB (Sweden), Aselsan A.S. (Turkey), Northrop Grumman (US), and Israel Aerospace Industries (Israel), among others. These players have adopted various growth strategies, such as contracts, acquisitions, expansions, and partnerships/collaborations, to further expand their presence in the global fire control system market.

Rising Demand Fire Control System Market for Maritime Security for Protection of Shallow Waters & Ports

Global NEWS: The global fire control system market is projected to grow from USD 5.9 billion in 2018 to USD 7.3 billion by 2023, at a CAGR of 4.37% from 2018 to 2023

The report "Fire Control System Market by System (Target Acquisition & Guidance Systems, Ballistic Computers, Navigation Systems, Power Systems), Platform (Land, Airborne, Naval), Weapon Class (Automatic Guns, Launchers), Range, and Region - Global Forecast to 2023", The global fire control system market is projected to grow from USD 5.9 billion in 2018 to USD 7.3 billion by 2023, at a CAGR of 4.37% from 2018 to 2023. This growth can be attributed to the rising demand for precision weapon systems, advancements in automatic weapon systems, increasing incidences of armed conflicts, war, and terrorism, which are driving the demand for fire control systems globally.

Browse 92 market data Tables and 48 Figures spread through 187 Pages and in-depth TOC on "Fire Control System Market - Global Forecast to 2023"

View detailed Table of Content here –

https://www.marketsandmarkets.com/Market-Reports/fire-control-system-market-81007199.html

Based on platform, the land segment is expected to lead the fire control system market during the forecast period

fire control system market

Based on platform, the fire control system market is projected to be led by the land segment from 2018 to 2023. Fire control systems bolster the defense capabilities of land platforms and provide greater safety to soldiers during war and anti-terrorist operations. Increase in defense expenditures by US, Russia, China, and Saudi Arabia, India. Additionally, the expansion of military capabilities by emerging nations have accelerated the demand for fire control systems for different classes of armored vehicles. For instance, in January 2018, BAE Systems was awarded a contract worth USD 46.8 million by the US Navy to upgrade the existing MK45 naval guns to increase the firepower and extend the range of weapons

The launchers segment of the fire control system market by weapon class is expected to lead during the forecast period

Based on weapon class, the launchers segment of the fire control system market is projected to lead from 2018 to 2023. This growth can be attributed to the enhancement of troop safety and the replacement of old launchers with modern automated launchers by militaries around the world for various platforms, such as land, naval, and airborne. The demand for automatic grenade, missile, rocket, and torpedo launchers has increased in North America, Europe, and Asia Pacific, thereby leading to the increasing need for EO/IR and integrated fire control systems. Various US defense companies are manufacturing advanced weapon stations with integrated fire control systems.

North America and Asia Pacific region projected to be high potential markets for the implementation of fire control systems

The fire control system market in North America is expected to witness substantial growth during the forecast period due to the high demand for fire control systems from the US Department of Defense. Fire control systems are integrated into larger advanced weapon platforms for enhanced target acquisition and firing. Advanced fire control systems are manufactured mainly by US defense companies, such as General Dynamics Corporation (US) and Raytheon Company (US). These factors are leading to an increasing demand for fire control systems in North America.

Press Release:

https://www.marketsandmarkets.com/PressReleases/fire-control-system.asp

Rapid growth of the fire control system market in the Asia Pacific can be attributed to the increasing defense budgets to innovate and develop robust fire control systems by emerging countries, such as China and India. China is rapidly reforming its military weapons and systems, whereas India recently signed a deal with Russia for the supply of 464 T-90 tanks with remote weapon stations mounted on them. The increase in defense expenditures by India and China and the expansion of military capabilities by emerging nations have accelerated the demand for fire control systems for different platforms such as land, airborne, and naval.

Major players in the fire control system market include companies, such as Elbit Systems Ltd (Israel), General Dynamics Corporation (US), Rheinmetall AG (Germany), BAE Systems (UK), Lockheed Martin (US), Safran (France), Leonardo (Italy), Raytheon Company (US), SAAB (Sweden), Aselsan A.S. (Turkey), Northrop Grumman (US), and Israel Aerospace Industries (Israel), which have made significant contributions to the global fire control system market.

Don’t miss out on business opportunities in Fire Control System Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

newsletter@marketsandmarkets.com