#fire_control_system_market to Witness Steady Growth through 2028
Stratview Research delivers key insights on the Global Fire Control System Market. According to Stratview Research, the market is segmented by system Type (Target Acquisition & Guidance System, Navigation Systems, Power Systems, Auxiliary Systems, Ballistics Computer, and Display & Interface Units, Stabilization Systems, and others), Platform Type (Land, Naval, and Airborne), by weapon class (Automatic Guns and Launchers), Range Type (Short-Range (0-9 Km), Medium-Range (9-80 Km), and Long-Range (Above 80 Km)), and Region.
Market Insights
The report suggests that the overall Fire Control System Market was estimated at US$ 6.3 Billion in 2021 and is expected to grow at a CAGR of 4.1% during the forecast period to reach US$ 9.1 Billion in 2028.
Market Segments' Analysis
Platform Type
The market is bifurcated into Land, Naval, and Airborne. The airborne segment is anticipated to register the highest CAGR during the forecast period. Every other fighter aircraft and helicopter/chopper is installed with fire control systems.
Weapon class Type
The market is segmented as Automatic Guns and Launchers. The Launchers account for the largest market share in 2021, attributed to high-adoption land, airborne, and naval platforms for surface-to-air warfare to engage with main battle tanks and other armored fighting vehicles.
Regions Analysis
North America is likely to maintain its supremacy in the market throughout the forecast period. This enhances the construction-related projects that boost growth within the market. In retort to time, technology has also developed, providing concreteness to future growth.
Key Players
The following are some of the key players in the fire control system market:
• Lockheed Martin Corporation
• Safran Group
• Ultra Electronics
• Rheinmetall AG
• Northrop Grumman Corporation
• Raytheon Company
• Wilcox Industries
• Seiler Instrument
• Thales Group
• Bharat Electronics Limited
• Elbit Systems Ltd
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for fire control system market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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