Remote Firing Systems Market Size & Share - Industry Trend and Forecast 2018 - 2026

The report analyzes and presents an overview of "Remote Firing Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026" worldwide.

The main objective of this report is to define, describe, and forecast the global “Remote Firing Systems” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Remote Firing Systems Market: Overview

The remote firing system is an advanced technology introduced in the firing system sector to incorporate innovative features and upgrade the existing system. The remote firing system contains four firing options which include manual, sequence, step, and scripted. Link quality features are associated with remote firing module which enables it to measure signal strength of each firing position. A general ‘in range’ feature can measure whether receiving a signal is possible, whereas the link quality feature can measure true strength of signal. The synchronization between remote, and firing module is necessary for communication. After synchronization, the firing module will only respond to the remote to which the synchronization has been done. This is due to the unique, internationally registered address which is saved into the firing module. The firing module will respond to the remote with this address only.

Remote Firing Systems Market: Drivers and Restraints

With the increasing adoption of trading through sea routs, the global container traffic along the sea is increasing. As a result of this, the demand for resizing and addition for new sea routs and ports is estimated to grow in order to accommodate the increasing number and sizes of commercial vessels. As these resizing and addition will involve underwater blasting and drilling activities, the demand for remote firing systems is expected to rise in the years to come. Some of the factors which are responsible to drive the global remote firing systems market include new infrastructure development, mining and quarrying, redevelopment of existing infrastructure, and underwater drilling and blasting operations for expansion of sea routes and ports. There are various policies and regulations regarding the manufacturing and use of remote firing system, mostly influencing the cost of associated raw material, and labor which is expected to be responsible for steady but slow growth of the global remote firing systems market. Moreover, strict government regulations, and mining bans owing to high pollution associated with mining activities is anticipated to hinder the growth of global remote firing systems market during the forecast period.

Remote Firing Systems Market: Key Segments

The global remote firing systems market can be segmented on the basis of device, application, and geography. On the basis of initiating device, the remote firing systems market can be classified into initiation system, and detonator. Based on application, the remote firing systems market can be segmented into construction, mining and quarrying, military, and others. The geographical classification of the global remote firing system includes North America, Europe, Asia Pacific, Middle East and Africa and, South America. Detonators are expected to dominate the global remote firing systems market among the device segment. The detonators contain primary explosives to initiate detonation in secondary as well as tertiary explosives. These components are one-time-use components which get destroyed after detonation in blasting operations. Owing to the increasing mining, dredging, and quarrying activities, the remote firing systems are witnessing significant demand. As detonators are the prime components in remote firing systems, the growth in blasting, mining, and quarrying, operations is anticipate to influence the growth of detonator segment in the global remote firing systems market. Among the application segment, mining and quarrying is anticipated to dominate the global remote firing systems market owing to increasing mining and quarrying activities specifically in emerging economies such as China and India. Moreover, increasing mineral exploration activities in African countries is anticipated to fuel the growth of the remote firing systems market in this geography.

Remote Firing Systems Market: Key Players

Some of the key players involved in the global remote firing systems market includes Orica Limited, Solar Group, Dyno Nobel, DynITEC GmbH, Austin Powder, IDEAL Industrial Explosives Ltd., Tamar Explosives, Blaster One EOD Equipment Inc., Detnet, and MAS Zengrange Ltd., and some others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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