Fire Control System Market

Global Fire Control System Market Size (2023 to 2028)

The global fire control system market is expected to be worth 6.77 billion USD in 2023. It is expected to grow at a CAGR of 5.8% during the forecast period and reach a value of 8.98 billion USD by 2028.

A Fire Control System is a system that has several components which are working together, such as a gun data computer, a director, or radar. It is designed to assist a ranged weapon in monitoring, targeting, tracking, and hitting the aimed target. The fire control system includes different types of systems such as Target Acquisition and Guidance Systems, Interface Systems, Navigation Systems, and Other Systems to facilitate interface for better guidance and navigation in the warzones. The fire control system is used in automatic guns and launchers to aim the target in short, medium, and long range. 

The fire control system is more dominant in Airborne due to its ability to hit air targets in air-to-air missions with accuracy and precision.

Asia-Pacific Region is witnessing the fastest growth in the Global Fire Control System Market in the forecasted period between 2022 and 2027 due to the increasing adoption of new technologies and the rising focus of government on strengthening Aerospace and Defense.

The rising demand for a precision weapons system, advancement in the automated weapon system, and ongoing military modernization program fuels the growth of the Fire Control system in the market in the period between 2022 and 2027.

Global Fire Control System Market Drivers:

The driving force of the Fire Control System Market is the technological revolution. The increasing terrorist activities and other geological and political issues around the globe need a powerful aerospace and defense system. In Aerospace and Defense, a fire control system plays a significant role through which the military can easily target their rivals in no time. The first control system has a significant role in the airborne platform to hit air targets in the air-to-air mission accurately. The fire control system is used to control & command air defense, air dominance, bombing, scouting, etc.

Launchers are the main weapon class that drives the demand for fire control systems in the market. The medium-range fire control system is highly used as it has the ability to focus on the target more efficiently and accurately. The technological advancement in fire control systems increases the adoption of the fire control system in Air, Terrestrial and Naval platforms. The deployment of these technologies helps increase the strength of the defense and makes them more skillful and powerful. Hence, the technological revolution will play a vital role in the growth of the Fire control System Market in the future.

The rising focus of government and increasing initiatives to support Aerospace and defense drives the growth of the global Fire Control System Market in the period between 2022 and 2027.

Global Fire Control System Market Restraints:

The major restraint of the growth of the Fire Control System market is increasing cost. The adoption of wireless technologies and other technologies increases the price of materials, which affects the price of the fire control system. Thus, the increasing price hinders the growth of the global Fire Control System Market.

Impact of COVID-19 on the global fire control system market: 

The Global Fire Control System has been significantly impacted by the COVID-19 outbreak. Due to the pandemic, the lockdown has been imposed. In addition, other restrictions resulted in the unavailability of the workforce, disturbed the production and supply chain of the industries, and affected the fire control system market. But in 2020, the recovering economy and the government initiatives to support Aerospace and defense will fuel the market growth of the global Fire Control System in the future. 

REPORT COVERAGE:

This research report on the global fire control system market has been segmented and sub-segmented into the following categories.

Fire Control System Market - By System:

• Target Acquisition & Guidance System
• Interface System
• Navigation System
• Other Systems

Based on Target, the Global Fire Control System is segmented into Target Acquisition and Guidance System, Interface System, Navigation System, and Other Systems. Target Acquisition Guidance Systems and Navigation Systems drive the growth of Fire Control Systems in the market because these systems help provide proper guidance and navigation for targeting, hitting, and tracking the aimed target on the battlefield.

Fire Control System Market - By Platform:

• Terrestrial
• Aerial
• Naval

The Global Fire Control System is segmented into Terrestrial, Aerial, and naval based on the Platform. Aerial or Airborne Segment is expected to have the highest growth compared to other platforms. Every fighter aircraft and helicopter is installed with a fire control system. The fire control system plays a vital role in fighter aircraft for accurately hitting air targets in the air-to-air mission. In addition, these platforms can be used to control & command air defense, air dominance, bombing, scouting, etc. Therefore, the demand for Fire Control systems in the Aerial segment will drive the growth of the Global Fire Control System Market in the future.

Fire Control System Market - By Weapon Class: 

• Automatic Guns
• Launchers

Based on the Weapon Class, the Global Fire Control System is segmented into Automatic Guns and launchers. The Launcher segment will dominate the fire control system market due to its high adoption in the land, air, and naval platforms for surface-to-air warfare. In addition, this Fire control system is used in a variety of launchers like missile launchers, mortar launchers, grenades, rocket launchers, and torpedo launchers. Owing to these features, the Launchers drive the growth of the Global Fire Control System Market in the period between 2022 and 2027.

Fire Control System Market - By Range:

• Short Range (0-9 Km)
• Medium Range (9-80 Km)
• Long Range (Above 80 Km)

Based on Range, the Global Fire Control System is segmented into Short Range, Medium Range, and Long Range. Medium-range (9-80 Km) fire control system is highly used as compared to short-range and long-range fire control systems as it is widely used in warzones to aim targets with more accuracy. Hence, the Medium range fire control system is the key driver for the growth of the Global Fire Control System Market in the future.

Fire Control System Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa. 

North America is the dominating region of the Global Fire Control System Market and contributes 40% revenue share. The United States is the leader of armed warfare and has positioned itself at the apex of military dominance through the increasing growth of advanced weapons procurement. In the U.S., the combination of digital fire control systems allows troops to hold targets very quickly and with enhanced accuracy to overcome their rivals with ease. Hence, North America will contribute to the growth of the fire control system market in the future.

The APAC or Asia-Pacific region is the fastest-growing market for Fire Control systems. China is expected to become the major market for Fire Control systems due to the border and geopolitical issues. In India, increasing military missions & operations for combating terrorist activities in India increases the demand for the fire control system. China, India, Japan, and South Korea will emerge as the largest market due to heavy investment in militaries by the government fuels the growth of the global fire control system Market between 2022 and 2027.

The fire control system market has steady growth in Europe between 2022 and 2027 due to the increasing adoption of automated technology in fire control systems.

Latin America, Middle East & Africa also shows healthy growth in the fire control system market. South Arabia is expected to become a large market due to increasing illegal deals of weapons through oceans, driving the growth of the Global Fire Control System Market in the future.

KEY MARKET PLAYERS:

Some of the leading companies operating in the Global Fire Control System Market are Raytheon Technologies, Leonardo, Consilium AB, DESAUTEL SAS, HALMA PLC, Hochiki Corporation, Johnson Controls International Plc, United Technologies Corporation, Yamato Protec Corporation

LEADING COMPANY:

Raytheon Technologies had the largest share of the world’s Fire Control System in terms of sales revenue in 2020.

RECENT HAPPENINGS IN THE MARKET:

• In October 2021, Raytheon Missiles and Defenses (a Raytheon Technologies business) announced the Storm Breaker smart weapon had been approved for use on the F-15E by the U.S. Air Force's Air Combat Command. This smart weapon can strike maritime or land-based maneuvering targets at a range, even in adverse weather conditions.  
• In June 2021, Raytheon Missiles and Defense launched a Punch-GEM- missile to harness the power of gallium nitride. GEM-T is the major support of the U.S Army’s Patriot air and missile defense system. GEM-T is used to defeat aircraft and tactical ballistic and cruise missiles.