Military Fire Control Systems Market

Military Fire Control System Market size was valued at 652.5 Million in 2022. The Military Fire Control System industry is projected to grow 995.02 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 4.80% during the forecast period (2022 – 2032)

A military fire control system market consists of several components, including control, command, communications, computers, and intelligence (C4I); electro-optical/infrared sensors; gun data computer; and overall positioning system. Increase in the terrorist activities and increasing military missions and operations are the major driver driving the market for the military fire control systems market during the forecast period. The automated fir control systems and devices help soldiers to accomplish military operations with higher operating efficiency and better effectiveness. The increasing implementation of automated technology in fire control system by companies will contribute to the growth in Military Fire Control Systems Market.

North America is expected to witness a higher growth owing to a rise in demand for the procurement and development of advanced weapon systems to support military missions and operations across several locations in the region. Europe is anticipated to grow at a moderate rate during the forecast period. The U.K and Germany are the major markets for the military fire control systems Market in Europe. Increase in the use of automation system in fire control systems is one of the major factors fueling the demand of military fire control systems in Europe. In Asia Pacific, China, India, and Indonesia are expected to be leading market for military fire control system. Border disputes and geopolitical issues are some of the major factors fueling the demand of the military fire control systems market in China and India. Latin America and the Middle East & Africa are estimated to grow at a strong rate during the forecast period. Increase in the terrorist activities and increasing military missions and operations are the major factor driving the demand of the military fire control systems market in the Middle East and Africa.

Recently, Lockheed Martin introduced the Paragon Direct Attack Munition. This all-weather dual-mode precision-guided bomb kit is guided by GPS or Inertial Navigation System (INS) and semi-active laser homing systems and can be fired against both stationary and mobile targets. In May 2018, The U.S. Navy has started its first flight III destroyer. The development of this destroyer is on a first-of-its-kind new surface warfare destroyer armed with better-quality weapons. Moreover, it will consist of advanced sensors and new radar 35-times more sensitive than present systems. The Paragon Direct Attack Munition and flight III destroyer are integrated with fire control system. So, this will boost the military fire control system market in the forecast period.

Key Players

Military Fire Control System Market Players in are Elbit Systems (Israel), BAE Systems (U.K), Lockheed Martin Corporation (U.S.), General Dynamics Corporation (U.S.), Safran (France), Rheinmetall AG (Germany), Bharat Electronics Limited (India), Saab AB (Sweden), Leonardo S.p.A (Italy) and Ultra Electronics Group (U.K)

Scope of the Report

This study provides an overview of the global Military Fire Control System Market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Military Fire Control System Market by its Application, Platform, Component, and Region.

By Application

  • Naval
  • Ground-Based
  • Airborne

By Platform

  • Weapon mounted
  • Vehicle mounted

By Component

  • Gun director
  • Computing Devices/Displays
  • Sensor
    • Range finder/designator
    • Radar
    • Navigation system
    • EO/IR
    • SONAR
    • Others
  • Others

By Region

  • America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Related Links:

·         Flight Simulator Market: Information by Platform (Commercial Aerospace [Full Flight Simulator and Flight Training Devices], Military Aerospace [Air combat Simulator, Basic Flight Trainer, Computer Based Training and Full Mission Simulator and others]), by Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft and UAV), by Simulator Type (Live Simulation and Virtual Simulation) and Region (North America, Europe, Asia-Pacific and Middle East and Africa and Latin America) - Forecast to 2027

·         Airline Ancillary Services Market: Information Service by Type (Baggage Fees, Onboard Retail & A la Carte, Airline Retail and FFP Miles Sale, and Others), by Carrier Type (Full-Service Carrier and Low-Cost Carrier), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America) - Global Forecast till 2027

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com