Fire Control System Market Size, Share, and Russia-Ukraine War Impact Analysis, By Mechanism (Automated and Non-Automated), By Components (Radar, Communication Equipment, Warhead, Electro-Optical/Infrared Gimbal, Environmental Sensors, and Others), By Applications (Machine Guns, Rockets, Mortar, Cannons, and Others), and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The global fire control system market is experiencing significant growth, fueled by increasing defense budgets and the need for advanced targeting systems. Fire control system is used to aid a weapon in tracking, locking and firing onto a target. The system uses multiple sensors for input, computes the trajectory for the weapon to hit its mark, and fires when projection is done. This system proves to be more precise and efficient than an average human gunner, due to the system taking into account all factors into play at the same time.
The fire control systems nowadays are mostly automated, although non-automated ones are still used in older models today. A basic system consists of a radar, communication equipment, warhead, an electro-optical gimbal (EOG), and an environmental sensor, along with some other components. Fire control systems can be used on various equipment, such as machine guns, rockets, mortars, cannons, and other equipment.
The fire control system market is driven by the need for more efficient and sustainable systems. The current fire control systems include a variety of sensors along with an embedded computer for digitalized analysis of the environment, and that adds to the weight of the overall system. Lighter and advanced systems are under development to increase the overall efficiency of the platform on which the systems is mounted.
Market restraint includes the large amounts of money required for the research and development of this technology. The inclusion of embedded computers and other software and hardware further complicates the advancement of the system.
Impact of the Russia-Ukraine War on the Global Market:
The Russia-Ukraine war started in February 2022, and has been going on for well over a year now. Both the countries have been expanding their military investments to get an edge in the battlefield. The global fire control system market has seen a beneficial turn due to the war. Increase in the usage of weaponry and other equipment such as guns and tanks has led to an increased demand for fire control systems. External military aid sent to the nations at war has also created demand outside of the European region. Increased manufacturing and new production sites have been set up to meet the growing demand. Overall, the war has had a positive impact on the market.
The global fire control market can be segmented into three broad categories- by mechanism, by components, and by applications. Based on the mechanism of the system, the market is bifurcated into automated and non-automated. Based on the components, the market is divided into radar, communication equipment, warhead, electro-optical/infrared (EO/IR) gimbal, environmental sensors, and others. Based on the applications, the market is divided into machine guns, rockets, mortars, cannons, and others. Based on the region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and the Rest of the World.
Key Insights:
The report will describe the following key insights:
- The report analyzes a detailed industry overview, including qualitative and quantitative information.
- The report analyzes an overview and forecast of the global fire control system market based on various segments.
- The report also analyzes comprehensive PEST analysis for all five regions, i.e. North America, Europe, Asia Pacific, Middle East & Africa, and the Rest of the World, after evaluating economic, social, political, and technological factors affecting the global fire control system market in these regions.
Regional Analysis:
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North America is projected to lead fire control system industry growth. U.S. and Canada invest a heavy amount of capital towards their military capabilities, thereby creating more demand in the region. Big firms like Raytheon Technologies Inc. and L3Harris Technologies Inc. are also present in the region. Such condition favor the acceleration of research and development of the technology, further dominating the region’s hold on the market.
Asia Pacific is projected to witness the fastest growth. Territorial conflicts are growing in the region, due to which nations are increasing their military budgets. Various private players are starting out in the region, which accelerates the advancement of the technology in the region.
Key Players Covered:
- Raytheon Technologies Inc.
- Rheinmetall AG
- BAE Systems
- General Dynamics Corporation
- Curtiss-Wright Corporation
- Elbit Systems Ltd.
- SAFRAN
- Northrop Grumman Corporation
- Leonardo S.p.A.
- Thales Group
Fire Control System Market Segmentation:
By Mechanism | By Components | By Applications | By Region |
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Key Industry Developments:
- In March 2023, the Indian Ministry of Defence signed a contract with Bharat Electronics Limited for the procurement of 13 indigenously developed Lynx-U2 fire control systems for the Indian Navy in a deal worth USD 207.1 Million. The Lynx-U2 fire control system can monitor targets precisely, generate target data for determining weapon aiming locations, and engage targets.
- In September 2022, L3Harris Technologies Inc. announced that it had been awarded the contract for the supply of electro-optical sensors systems (EOSS) for the U.S Navy and Australia in a deal worth USD 8.9 Million. The EOSS electro optics system is a check sight and targeting sensor for fire support mission.
- Ongoing
- 2023
- 2019-2022
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