Military Fire Control Systems Market Dynamics, Segments and Supply Demand 2017 - 2025
Based on platform, the market is segmented into airborne, naval and land. In 2016, the naval segment dominated the market followed by air and this segment is anticipated to be dominant in the coming years. In addition, naval segment is anticipated to grow at the highest rate for in the coming years. Increase in the terror attacks through sea and increasing illegal dealings in oceans are forcing naval segment to enhance their combat system which in turn helping the naval segment of military fire control systems market to boost during the estimate period of 2017 – 2025. Major defense contractors have started preparing naval vessels with fire control systems that allow effective precision and detection while aiming.
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Increase in the demand for automated fire control systems is the major driver driving the market for the military fire control systems market during the estimate period of 2017 – 2025. Development of consolidated fire control systems is one of the key factor fuelling the demand of the military fire control systems market in the coming years. However, continued usage of smoke screens is major factor restraining the market for the military fire control system in the coming years.
The geographical split of the market includes North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. In 2016, North America was slated to be the key market followed by Europe. In 2016, the U.S. was the major market for North America as well as globally. Increasing anti-terrorism mission is one of the major factor fuelling the demand of military fire control systems market in the U.S. as well as in North America. In addition, North America will witness an increased demand for the procurement and development of advanced weapon systems to support military missions and operations across several locations. Europe is anticipated to grow at the stable rate in the coming years. The U.K. and Germany are the major market for the military fire control systems in Europe. Increase in the use of automation system in fire control systems is one of the key factor fuelling the demand of military fire control systems in Europe. Asia Pacific is estimated to grow at the highest CAGR for the estimate period of 2017 – 2025. China is expected to be the major market for the Asia Pacific military fire control system. Border issues and geopolitical issues are some of the key factor fuelling the demand of the military fire control systems market in China. In Asia Pacific, India is anticipated to grow at the highest CAGR for the estimate period. Increase in the terrorist activities and increasing military missions and operations are the major drivers driving the market for the military fire control systems in India as well as Asia Pacific region. Latin America and Middle East & Africa is estimated to grow at a healthy rate during the estimate period of 2017 – 2025. Saudi Arabia is expected to be the major market for the Middle East and Africa region. Increase in the illegal deals through oceans is one of the key factor fuelling the demand of the military fire control systems market in Middle East and Africa.
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The major players in the military fire control systems market are Elbit Systems (Israel), BAE Systems (United Kingdom), Lockheed Martin (United States), General Dynamics (United States), Safran (France), Rheinmetall (Germany), Bharat Electronics (India), Saab (Sweden), Leonardo (Italy) and Ultra Electronics (United Kingdom) among others.
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