The report "Fire Control System Market by Platform (Land, Airborne, and Naval), by Weapon Class (Automatic Guns and Launchers), by Range (Short Range, Medium Range, and Long Range), by System (Ballistic Computer and Display & Interface Units, Target Acquisition & Guidance Systems, Navigation Systems, Power Systems, Auxiliary Systems, Stabilization Systems, and Others) - Global Forecast to 2030", The global fire control system market is expected to grow at a 6% CAGR during the forecast period. The fire control systems are essential parts of ballistic firing equipment that aid in course correction, guidance, and precise weapon delivery. These systems have several components, including radar, sonar, rangefinders, infrared search and track systems, etc. The integration of these sensors allows for the delivery of weapons to be fired with the requisite pinpoint accuracy and precision. The increased demand for precision weapon systems, continuous military modernization programs, increased military spending, and development in automatic weapon systems is some of the factors attributing to the market growth of the global fire control system industry. Furthermore, a favorable impact factor on market growth owing to the global development of the military sector will enhance the development of the fire control system industry. Nevertheless, the industry players in the defense industry are emphasizing enhancing the precision of Fire Control Systems and are continuously upgrading their automation fire control systems in weapons.
Browse 63 market data Tables and 40 Figures spread through 200 Pages and in-depth TOC on " Fire Control System Market by Platform (Land, Airborne, and Naval), by Weapon Class (Automatic Guns and Launchers), by Range (Short Range, Medium Range, and Long Range), by System (Ballistic Computer and Display & Interface Units, Target Acquisition & Guidance Systems, Navigation Systems, Power Systems, Auxiliary Systems, Stabilization Systems, and Others), and Region - Global Forecast to 2030"
By weapon class, the launchers segment contributes the largest share of the market.
The automatic guns and launchers segment of the global market for fire control systems is determined by weapon class. Launchers are expected to have the largest market revenue during the forecast period as the demand for missile systems with both offensive and defensive capabilities has increased globally on the land, airborne, and naval platforms, resulting in rising market demand for an automatic grenade, missile launcher, rocket launcher, mortar, and torpedo launcher. Massive technological breakthroughs have been made in both the ballistic and cruise missile categories, resulting in high levels of precision, great ranges, and improved payload delivery.
“Asia-Pacific is anticipated to have the fastest growth in the Fire Control System Market during the forecast period.”
Asia-Pacific is anticipated to have the fastest growth during the forecast period owing to increased expenditure on the military & defense sector by countries like China, India, South Korea, Japan, etc. Moreover, increased government support, rising import of defense equipment, and continuous revision of policies will accelerate the market development of the global fire control system market.
Some of the major players in the global Fire Control System industry include Boeing, Lockheed Martin Corporation, Saab, Northrop Grumman Corporation, Raytheon Technologies Corporation, Thales, General Dynamics Corporation, SAFRAN, BAE Systems, and Rheinmetall AG.
Global Fire Control System Market Coverage
Platform Insight and Forecast 2018-2030
Weapon Class Insight and Forecast 2018-2030
Range Insight and Forecast 2018-2030
System Insight and Forecast 2018-2030
Fire Control System Market by Region
Rest of the World (RoW)