Fire Control System Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

$ PRICE - $ 3,000.00$ 8,900.00

Fire Control System Market: By System (Target Acquisition & Guidance Systems, Ballistics Computer, and Display & Interface Units, Navigation Systems, Power Systems, Auxiliary Systems, Stabilization Systems, Others), By Platform (Land, Airborne, Naval), By Weapon Class (Automatic Guns, Launchers) By Range (Short-range (0 to 9 kilometers), Medium-range (9 to 80 kilometers), Long-range (Above 80 kilometers)) and Geography

 

$ PRICE - $ 3,000.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00$ 8,900.00
FacebookTwitterLinkedinEmail
SKU: N/A Category:

Report

Description

Fire Control System market is estimated to be valued at USD 8,872.1 Million in 2021 and is poised to grow at a significant CAGR of 4.3% over 2022-2028. Fire-control systems comprise numerous components, including a gun data computer, radar, and a director, that work together and are designed to assist a weapon system in hitting its target. Based on the platform, the global fire control market is segmented into Land, Airborne, and Naval. The Airborne segment is anticipated to grow at a significant CAGR over the forecast years. Fire control systems in combat aircraft are critical for accurately hitting targets in air-to-air missions. Fire control systems are installed on all other firefighter aircraft, including the helicopter. Multi-mission warfare machines that can undertake various assignments can now be accommodated on airborne platforms. These platforms may carry out operations like command and control, air defense, bombing, air dominance, close air support, reconnaissance, and others. The global fire control system market is expected to proliferate throughout the forecast period. Because of developments in the automatic weapon system and increased need for precision weapon systems, the Fire Control System Market is quickly expanding. Furthermore, increased military budget and remotely operated weapon stations drive market expansion. Furthermore, the global development of the military sector imposed a favorable impact on market growth.

Recent Market Developments:

In January 2019, Raytheon Company received a USD 72.5 million contract from the US Navy to supply MK 99 fire control systems for Aegis weapon systems.

Fire Control System Market

MARKET SUMMARY
-
4.3%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.3%
  • Largest Market– North America
  • Fastest Growing Market–  Asia Pacific

Fire Control System Market

  • The fire control system market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The fire control system market is segmented based on based on by system, by platform, weapon Class, by range  and geography.
Key Players
  • Gentex Corporation
  • Hochiki Corporation
  • Honeywell International Inc.
  • Johnson Controls
  • Robert Bosch GmbH
Fire Control System Market Dynamics

The adoption of high-priced modern electronic devices has increased the need to follow fire safety regulations. As a result, increased stringency has prompted many businesses to implement Fire Control Systems. As a result, the market is expected to grow significantly over the forecast period. Increasing asset safety and security awareness is projected to give significant opportunities for market technology advancements. Furthermore, increased enterprise spending and government and political support will likely drive growth. For instance, in January 2021, the mission systems business of General Dynamics received a $43.2 Mn contract modification from the U.S. Navy for developing, manufacturing, and installing fire control systems aboard Dreadnought and Columbia-class submarines. Moreover, Tighter fire code enforcement and more excellent construction activity drive the industry. Rising market awareness in emerging markets is expected to boost the market growth.


Asia-Pacific Got Significant Share

Fire Control System Market

The Fire Control System market in the Asia pacific is likely to hold the highest revenue share in 2021, and the same trend is expected over the forecast period. Countries such as China, India, Japan, and South Korea are increasing their military budget. Other reasons contributing to regional revenue include growing government assistance, increasing defense equipment imports, and ongoing policy revisions.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The fire control system market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Fire Control System Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The global fire control system market size was estimated at USD 8,872.1 million in 2021

Asia Pacific dominated the fire control system market with a significant share in 2021.

 

The key players are Gentex Corporation, Halma PLC, Hochiki Corporation, Honeywell International Inc., Johnson Controls, Robert Bosch GmbH, Siemens AG, Minimax Viking GmbH, and United Technologies Corporation in the fire control system market.


Report

Company Profile

  • Gentex Corporation
  • Halma PLC
  • Hochiki Corporation
  • Honeywell International Inc.
  • Johnson Controls
  • Robert Bosch GmbH
  • Siemens AG
  • Minimax Viking GmbH
  • United Technologies Corporation

Description

Fire Control System market is estimated to be valued at USD 8,872.1 Million in 2021 and is poised to grow at a significant CAGR of 4.3% over 2022-2028. Fire-control systems comprise numerous components, including a gun data computer, radar, and a director, that work together and are designed to assist a weapon system in hitting its target. Based on the platform, the global fire control market is segmented into Land, Airborne, and Naval. The Airborne segment is anticipated to grow at a significant CAGR over the forecast years. Fire control systems in combat aircraft are critical for accurately hitting targets in air-to-air missions. Fire control systems are installed on all other firefighter aircraft, including the helicopter. Multi-mission warfare machines that can undertake various assignments can now be accommodated on airborne platforms. These platforms may carry out operations like command and control, air defense, bombing, air dominance, close air support, reconnaissance, and others. The global fire control system market is expected to proliferate throughout the forecast period. Because of developments in the automatic weapon system and increased need for precision weapon systems, the Fire Control System Market is quickly expanding. Furthermore, increased military budget and remotely operated weapon stations drive market expansion. Furthermore, the global development of the military sector imposed a favorable impact on market growth.

Recent Market Developments:

In January 2019, Raytheon Company received a USD 72.5 million contract from the US Navy to supply MK 99 fire control systems for Aegis weapon systems.

ASIA PACIFIC OFFICE

Precision Business Insights, MIG 366, SAI PLAZA, 1st Floor, KPHB Colony, Hyderabad - 500072

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX