Fire Control System Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The new report published by The Business Research Company, titled "Fire Control System Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the fire control system market size has grown steadily in recent years. It will grow from $6.88 billion in 2023 to $7.19 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The fire control system market size is expected to see strong growth in the next few years. It will grow to $8.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%.

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Increasing Terrorist Activities Fuels Fire Control System Market Growth
The increasing terrorist activities are expected to propel the growth of the fire control system market going forward. Terrorist activities involve the use of violence, intimidation, or coercion to achieve political, religious, or ideological goals, often targeting civilians indiscriminately. The increasing terrorist activities is due to political instability, socio-economic grievances, religious extremism, ideological radicalization, geopolitical tensions, lack of effective governance, and the spread of extremist ideologies through modern communication channels and social media. Fire control systems helps to minimize terrorist activities through early detection, alarm systems, surveillance, automated suppression, access control, emergency planning, and integration with security systems. These systems provide insights into patterns of suspicious behavior or potential threats, enabling authorities to proactively address security concerns. For instance, In February 2024, according to the global terrorism index 2024 by the Institute for Economics and Peace, an Australia-based non-profit organization, the total number of deaths from terrorism reached 8,352 in 2023, reflecting a 22% increase from the previous year. Therefore, the increasing terrorist activities are driving the growth of the fire control system market.

Technological Advancements Drive Innovation in Fire Control Systems Market
Major companies operating in the fire control systems market are focused on the adoption of integrated technology solutions such as next-generation squad weapon fire control (NGSW-FC) system to enhance the capabilities and effectiveness of fire alarm and detection systems. The next-generation squad weapon fire control (NGSW-FC) system provides seamless coordination of sensors, alarms, and suppression mechanisms to swiftly detect, mitigate, and manage fire incidents. For instance, in January 2021, L3Harris Technologies, a US-based provider of aerospace and defense technology, launched the next-generation squad weapon fire control (NGSW-FC) system for the US Army. This system provides an integrated approach to augmented aiming by combining range-finding capability, ballistic computation, and environmental sensors to increase accuracy and decrease the time to engage a threat. The NGSW-FC system aims to enable soldiers to better detect, identify, and engage threats at greater distances while enhancing situational awareness on the battlefield.

The fire control system market covered in this report is segmented -

1) By System: Target Acquisition And Guidance System, Interface System, Navigation System, Other Systems
2) By Platform: Terrestrial, Aerial, Naval
3) By Weapon Class: Automatic Guns, Launchers
4) By Range: Short Range (0-9 Km), Medium Range (9-80 Km), Long Range (Above 80 Km)
5) By Applications: Machine Guns, Rockets, Mortars, Cannons, Other Applications

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Major companies operating in the fire control system market are Raytheon Technologies Corporation, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems, Inc., Johnson Controls International plc, Safran SA, Thales S.A., L3Harris Technologies, Inc., Leonardo S.p.A., Rheinmetall AG, Elbit Systems Ltd., Israel Aerospace Industries Ltd. (IAI), Saab AB, Indra Sistemas, S.A., Halma plc, Bharat Electronics Limited, ASELSAN Elektronik Sanayi ve Ticaret A.Ş., Ultra Electronics Holdings plc, Hochiki Corporation, United Technologies Corporation, Yamato Protec Corporation, Seiler Instrument & Manufacturing Company Inc., Wilcox Industries Corp.

Contents of the report:
1. Executive Summary
2. Fire Control System Market Report Structure
3. Fire Control System Market Trends And Strategies
4. Fire Control System Market - Macro Economic Scenario
5. Fire Control System Market Size And Growth
…..
27. Fire Control System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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