Quick Overview of the Fire Control System Market Analysis
The Global Fire Control System Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.
Detailed Analysis of Fire Control System Industry (2022-27): Reveals Further Growth &Market Expansion
According to the most recent study, the Global Fire Control System Market is projected to grow at a CAGR of around 5.22% during the forecast period, i.e., 2022-27. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2022-27.
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Key Trends in the Market:
Growing Demand for Automated Systems in the Battlefield – Automated systems demand is increasing across the globe due to growing advancements in technology. The deployment of automated systems on the battlefield lessens the risk to military personnel. Moreover, Unmanned Combat Aerial Vehicles (UCAVs) are emerging as key automated systems to deploy on the battlefields. These automated systems hover over the targets, search for the location, and attack the target. This growing shift to deploy automated systems on the battlefield is expected to enhance the demand for fire control systems.
Fire Control System Market Segmentation Analysis
-By System
- Target Acquisition & Guidance System
- Ballistics Computer & Display & Interface Units
- Navigation Systems
- Power Systems
- Auxiliary Systems
- Stabilization Systems
- Others
-By Platform
- Land
- Naval
- Airborne
-By Weapon Class
- Automatic Guns
- Launchers
-By Range
- Short Range (0-9 Km)
- Medium Range (9.1-80 Km)
- Long Range (Above 80 Km)
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Geographical Analysis:
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Of all regions globally, North America is expected to hold a major market share of fire control systems in the forecast period. With the high availability of Original Equipment Manufacturers (OEM) for defense systems such as aircraft, missiles, naval, and land-based systems, the demand for fire control systems has grown exponentially. North American countries such as the US & Canada are also major defense exporters of military hardware, which has helped to increase the demand. As per the US Department of State, the US arms exports were raised from USD170.09 billion to USD175.08 billion, accounting for about 2.8% growth in the financial year 2020.
Key Players and Competitive Strategies in the Fire Control System Market
The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:
- Elbit Systems
- General Dynamics Corporation
- Indra
- Bae Systems
- Lockheed Martin
- Safran Group
- Ultra Electronics
- Rheinmetall AG
- Leonardo
- Northrop Grumman Corporation
- L3 Harris
- Others
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Recent Developments by Leading Companies
- 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 8×8 Combat Reconnaissance Vehicles for the Australian army.
Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography and product adoption?
- How has the competition been shaping up across various regions?
- How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2022-27?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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