About Fire Control System
The fire control system (FCS) refers to components operating together such as gun data computer, radar, and a director which provides assistance to the weapon system in hitting the target faster and accurately. The fire control system has high growth prospects in developing economies owing to increasing expenditure on defense to strengthen their armed forces. Further, technological development to improve the accuracy of the fire control system, development in automatic fire control and combat system expected to drive the market in the long standing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.48% |
Numerous players are present in the market hence fragmented nature of the market. Some of the market leaders are General Dynamics Corporation, Elbit Systems Ltd, Rheinmetall AG, and others focusing on automation in fire control systems for weapon systems. Increasing military expenditure of developing economies such as India, China and others expected to boost the demand for the fire control system in the weapon system. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Fire Control System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Elbit Systems Ltd (Israel), General Dynamics Corporation (United States), Rheinmetall AG (Germany), BAE Systems (UK), Lockheed Martin (United States), Safran (France), Leonardo (Italy), Raytheon Company (United States), Aselsan A.S. (Turkey), Northrop Grumman (United States), Israel Aerospace Industries (Israel) and Wilcox Industries (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Seiler Instrument & Mfg. Co. Inc. (United States), Bharat Electronics Limited (India), SAAB (Sweden) and Hiller Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fire Control System market by and Region.
On the basis of geography, the market of Fire Control System 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 Platform, the sub-segment i.e. Land Main (Battle Tanks, Armored Fighting Vehicles, Light Protected Vehicles) will boost the Fire Control System 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 (0-9 Km) will boost the Fire Control System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System , the sub-segment i.e. Target Acquisition & Guidance Systems will boost the Fire Control System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Weapon Class, the sub-segment i.e. Automatic (Guns Rifles, Machine Guns) will boost the Fire Control System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing on Military Modernization Programs and Development in Innovative Combat Systems for Situational Awareness
Market Growth Drivers:
Increasing Expenditure on Defense in Emerging Countries and Development in Automatic Weapon System across Globe
Challenges:
Complexity in Process and High Operating Cost
Restraints:
Integration between Automated Weapon Systems and Numerous Platforms
Opportunities:
Increasing R&D Investments for Technological Developments in military weapons and systems and Rising Demand for Digital Fire Control Systems
Market Leaders and their expansionary development strategies
August 2, 2023 – The Hiller Companies, a leading provider of fire and life safety services, today announced it has acquired Chester, VA-based Fire Defense Services, Inc. This acquisition continues our strategy of thoughtful growth with a focus on expanding our reach and capabilities for the benefit of our customers and employees.
18th January 2019, Raytheon Company awarded a contract from the US Navy worth USD 72.5 million for the supply of MK 99 Fire control system (FCS) to Aegis weapon systems. and 27th December 2018, General Dynamics Mission Systems received a contract of 28 USD million dollar contract for sustainment of weapons systems involved work on the fire control and attack weapon control system for nuclear submarines of the United States and the United Kingdom.
Key Target Audience
Technology Providers, Armed Forces, Aerospace Industry, Business Entities, Government Regulatory and Research Organizations, Investment Research Firms / Associations, Government Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.