Military Fire Control Systems Market Definition
A fire-control system is designed to assist a ranged weapon system in targeting, tracking and hitting the target. Military fire control systems are integrated or mounted on naval fleets, weapons, aircraft, and vehicles. These systems assist in precise detection, tracking, aiming, and striking of an intended target. It helps in improving the efficiency of military operations. A military fire control system consists of a number of components such as electro-optical/infrared sensors, a global positioning systems (GPS), LASER, RADAR, or SONAR.
The market study is broken down by Type (Gun Fire Control System, Electro-Optical Fire Control System, Artillery Fire Control System and Others), by Application (Land Army, Air Force and Navy) and major geographies with country level splits.
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Military Fire Control Systems market throughout the predicted period.
Elbit Systems (Israel), BAE Systems (United Kingdom), Lockheed Martin (United States), General Dynamics (United States), Safran (France), Rheinmetall (Germany), Bharat Electronics (India), Saab (Sweden), Leonardo (Italy) and Ultra Electronics (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Raytheon Company (United States), Aselsan A.S. (Turkey), Northrop Grumman (United States), Israel Aerospace Industries (Israel) and FN America LLC's (United States).
AdvanceMarketAnalytics has segmented the market of Global Military Fire Control Systems market by Type, Application and Region.
On the basis of geography, the market of Military Fire Control Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Mounting, the sub-segment i.e. Weapon Mounted will boost the Military Fire Control Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sensor Type, the sub-segment i.e. SONAR will boost the Military Fire Control Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Range, the sub-segment i.e. Short Range will boost the Military Fire Control Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On April 5, 2019, Elbit Systems Ltd. has announced that it's United States subsidiary, Elbit Systems of America, LLC, has signed a definitive agreement with Harris Corporation for the acquisition of Harris' Night Vision business for a purchase price of USD 350 million.
On December 18, 2019, General Dynamics Mission Systems receives USD 299.9 million contract for ballistic-missile submarine fire control systems modernisation and maintenance.
- Development of Automated Fire Control System (AFCS)
- Growing focus towards the deployment of precision-guided weapons owing to high accuracy and target finding are some of the key factors fuelling the demand of the military fire control systems market.
- Increase in Terror Attacks through Sea and Increasing Illegal Dealings in Oceans
- Huge Research & Development Investments for Technological Advancements in Defense Operations
- Advances in Thermal Capabilities, Data Display, and Weapons-Mounted Cameras
- Next Generation Squad Weapons with Digital Fire Control System
- Low Defense Budget of Developing Economies
- Integration of Automatic Weapon Systems with Wide Range of Platforms
- Complexity and High Operational Cost
Key Target AudienceMilitary Fire Control System Manufacturers, Components and Parts Suppliers, Military and Defence, Government and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase