Global Military Fire Control Systems Market 2017-2021

Overview of the global military fire control systems market

Market research analysts at Technavio predict that the global military fire control systems market will grow steadily at a CAGR of more than 5% by 2021. This market research and analysis identifies the rising focus towards the deployment of precision-guided weapons as one of the primary factors for the growth of the military fire control systems market. With the revolutionization of the warfare environment, the defense sector of major countries across the globe focus on the development of advanced weapon systems. In addition to enhanced accuracy, these weapons will also provide tactical options such as enemy-concentrated damage, which in turn, will make them significant in military operational plans. One of the major vendors Lockheed Martin has already introduced the Paragon Direct Attack Munition. This all-weather dual-mode precision-guided bomb kit is guided by the GPS or inertial navigation system (INS) and semi-active laser homing systems and can be fired against both stationary and mobile targets.

The market research report identifies the development of consolidated fire control systems as one of the key trends that will gain traction in the military fire control systems market during the next few years. To improve the accuracy of combat weapons and reduce the aiming time, major players are increasingly focusing on developing weapons that are integrated with fire fighting systems. These systems will improve the efficiency and shooting skills of soldiers which helps in ensuring the effectiveness of military operations. The US army has already tested the automated ballistically optimized sniper scope (BOSS), a rifle-mounted fire control system for the military sniper weapons and is expected to include these systems to the armed troops by 2020.

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Competitive landscape and key vendors

Characterized by the presence of few established regional and global vendors, the military fire control systems market appears to be fragmented. With all players competing to gain the maximum market share, the fire detection system market is highly-competitive. To gain a competitive advantage, the vendors increasingly focus on enhancing their in-house manufacturing capabilities, global footprint network, product offerings, and R&D investments. The vendors in the fire detection system market mainly compete based on factors such as cost, product quality, reliability, and aftermarket service.

The leading vendors in the market are -

• BAE Systems
• Elbit Systems
• General Dynamics
• Lockheed Martin
• Safran

The other prominent vendors in the market are Bharat Electronics, Leonardo, Rheinmetall, Saab, and Ultra Electronics.

Segmentation by product type and analysis of the military fire control systems market

• Naval
• Airborne
• Ground based

With the increasing possibilities of terror attacks through sea routes and the rise in illegal dealings in oceans, countries across the globe are increasingly focusing on enhancing their combat systems to counter maritime threats. Major defense contractors have already started equipping naval vessels with advanced fire alarm control panel that enables effective detection and precision while aiming. According to this market research report, the naval segment will account for the major shares and dominate the military fire control systems market during the next four years.

Geographical segmentation and analysis of the military fire control systems market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the fire detection system market throughout the forecast period. Major countries in this region such as the US are increasingly involved in anti-terrorist missions. As a result, the region will witness an increased demand for the development and procurement of advanced weapon systems to support military operations and missions across various locations.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global military fire control systems market?
• What are the key market trends impacting the growth of the global military fire control systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global military fire control systems market?
• What are the market opportunities and threats faced by the vendors in the global military fire control systems market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global military fire control systems market? 

Technavio also offers customization on reports based on specific client requirement.

Fire control systems are integrated or mounted on the weapons, vehicles, aircraft, and naval fleets. To help clients gain a competitive edge, the global market research firm Technavio provides a complete collection of industry's market research reports on the various aspects of the aerospace and defense industry.

This comprehensive market research report provides a holistic picture of the market through extensive study, synthesis, and collection of data from multiple sources. The upcoming report on the military fire control systems market also takes into account related markets such as naval combat systems market and C4ISR market, which are expected to project a CAGR of close to 3% and above 4% during the period 2016 to 2020. As per Technavio's market research analysts, nations across the globe are increasing their focus on the modernization of military equipment. This, in turn, is expected to upsurge the demand for military fire control systems in the coming years.

The upcoming industry research report for military fire control systems market also identifies the key drivers, emerging trends, as well as the imminent challenges currently experienced by the defense sector.