Press release
The Fire Control System Market Detailed Analysis Of Current Industry Trends, Growth Forecast To 2026
Summary:According to the new market research report “Fire Control System Market” is published by Whipsmartmi.com
Keywords:
global fire control system market, global fire control system industry, fire control system platforms market, fire control system key players market
The Fire Control System Market is projected to grow at a CAGR 3.19% rate from 2021 to 2026. Factors such as increasing military expenditure by emerging economies to strengthen their respective armed forces are expected to drive the market.
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The airborne segment is expected to grow at the highest CAGR during the forecast period. Fire control systems play a crucial role in combat aircraft, in hitting targets in air to air missions with accuracy. Across the world, every other fighter aircraft and helicopter is installed with fire control systems. Airborne platforms have evolved to support multi-mission warfare machines capable of conducting a variety of missions. These platforms can be used for command & control, air defense, bombing, air dominance, close air support, reconnaissance, and other roles.
The Asia Pacific region is expected to grow at the highest CAGR in the fire control system market during 2021 to 2026 due to increase in military spending by China, India, Japan, and South Korea.
Key Market Players include Elbit Systems Ltd (Israel), General Dynamics Corporation (US), Rheinmetall AG (Germany), BAE Systems (UK), Lockheed Martin (US), Safran (France), Leonardo (Italy), Raytheon Company (US), SAAB (Sweden), Aselsan A.S. (Turkey), Northrop Grumman (US), and Israel Aerospace Industries (Israel), among others.
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