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Global Fire Control System Markets, 2019 to 2023 - Huge R&D Investments for Technological Advancements in Defense Operations Presents Lucrative Opportunities - ResearchAndMarkets.com

February 15, 2019

DUBLIN--(BUSINESS WIRE)--Feb 15, 2019--The “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, Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The 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.

Some of the factors that are expected to fuel the growth of the fire control system market are the demand for integrated weapon systems, advanced gun systems, and trajectory correction systems, among others. Various defense manufacturing companies have been focusing on developing automated fire control systems.

The target acquisition & guidance systems segment is estimated to account for the largest share of the fire control system market in 2018 due to the increasing demand for military spending in various emerging economies. Target acquisition & guidance plays a key role in the operation of weapon systems with the help of fire control radar, EO/IR, gun director, in targeting and guiding weapons to hit targets. These are used in all 3 platforms, land, airborne, and naval.

Based on range, the medium range (9 to 80 km) segment is estimated to account for the largest share of the fire control system market in 2018. The medium range is highly preferred by militaries, as it provides greater accuracy in targeting compared to a long-range system, and provides greater range coverage than a short-range system. Countries such as India and Ukraine are currently investing in medium-range defense systems.

Based on platform, the land segment is estimated to account for the largest share of the fire control system market in 2018. A rise in the use of automatic weapons is strengthening the defense capabilities of land platforms and providing greater safety to soldiers during war and anti-terrorist operations. Developed countries are focusing on installing remote weapons stations on various land warfare platforms, which are expected to help in reducing the number of causalities during anti-terrorist operations.

North America is expected to account for the largest share of the fire control system market in 2018, owing to the high demand for fire control systems from the US Department of Defense. Various US defense players, such as General Dynamics Corporation, Lockheed Martin, Northrop Grumman, are manufacturing advanced remote weapon stations with integrated fire control systems. Additionally, these defense giants are focusing on improving the accuracy of weapons, and the time taken to lock on to a target and make necessary adjustments.

Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Currency & Pricing

1.4 Limitations

1.5 Market Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Definition & Scope

2.3 Research Approach & Methodology

2.4 Market Breakdown & Data Triangulation

2.5 Grey Areas

3 Executive Summary

4 Premium Insights

4.1 Attractive Growth Opportunities in Fire Control System Market

4.2 Fire Control System Market, By System

4.3 Target Acquisition & Guidance Systems Market, By Type

4.4 Land Fire Control System Market, By Application

4.5 Fire Control System Market, By Region

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Rising Demand for Precision Weapon Systems

5.2.1.2 Advancements in Automatic Weapon Systems

5.2.1.3 Ongoing Military Modernization Programs Worldwide

5.2.1.4 Development of Advanced Combat Systems for Improved Situational Awareness

5.2.1.5 Increasing Defense Expenditure of Emerging Countries

5.2.1.6 Increasing Demand for Remotely-Operated Weapon Stations

5.2.2 Restraints

5.2.2.1 Declining Defense Budgets of Advanced Economies

5.2.3 Opportunities

5.2.3.1 Huge R&D Investments for Technological Advancements in Defense Operations

5.2.4 Challenges

5.2.4.1 Complexity and High Operational Cost

5.2.4.2 Integration of Automatic Weapon Systems with a Wide Range of Platforms

5.2.4.3 Advancements in Cyber & Electronic Warfare CCN Render Digital Fire Control System Useless

5.2.4.4 Highly Complicated & Sophisticated Products

5.2.4.5 Regulatory Challenges for Sales to Overseas Countries

6 Industry Trends

6.1 Introduction

6.2 Technology Trends

6.3 Innovations and Patents Registrations

7 Fire Control System Market, By System

7.1 Introduction

7.2 Target Acquisition & Guidance System

7.3 Ballistics Computer and Display & Interface Units

7.4 Navigation Systems

7.5 Power Systems

7.6 Auxiliary Systems

7.7 Stabilization Systems

7.8 Others

8 Fire Control System Market, By Platform

8.1 Introduction

8.2 Land

8.3 Naval

8.4 Airborne

9 Fire Control System Market, By Weapon Class

9.1 Introduction

9.2 Automatic Guns

9.3 Launchers

10 Fire Control System Market, By Range

10.1 Introduction

10.2 Short-Range (0-9 Km)

10.3 Medium-Range (9-80 Km)

10.4 Long-Range (Above 80 Km)

11 Fire Control System Market, By Region

11.1 Introduction

11.2 North America

11.3 Europe

11.4 Asia Pacific

11.5 Middle East

11.6 Rest of the World

12 Competitive Landscape

12.1 Introduction

12.2 Competitive Analysis

12.3 Rank Analysis

12.4 Competitive Leadership Mapping

12.5 Competitive Scenario

13 Company Profiles

13.1 Elbit Systems Ltd.

13.2 General Dynamics Corporation

13.3 Indra

13.4 Bae Systems PLC

13.5 Lockheed Martin Corporation

13.6 Safran Group

13.7 Ultra Electronics

13.8 Rheinmetall AG

13.9 Leonardo

13.10 Northrop Grumman Corporation

13.11 Raytheon Company

13.12 Saab

13.13 Aselsan

13.14 Wilcox Industries

13.15 Seiler Instrument

13.16 Thales Group

13.17 Bharat Electronics Limited

13.18 Israel Aerospace Industries

13.19 Curtiss-Wright Corporation

13.20 Mas Zengrange Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/z2g3s6/global_fire?w=4

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Related Topics:Industrial Automation

KEYWORD:

INDUSTRY KEYWORD: BUILDING SYSTEMS CONSTRUCTION & PROPERTY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/15/2019 06:49 AM/DISC: 02/15/2019 06:48 AM

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