Overview and Scope
A fire control system is a set of equipment and software designed to assist in aiming and firing weapons accurately. It is a system used in military applications to perform ranged weapons targeting, tracking, and hitting with greater speed and accuracy than a human operator can achieve. Fire control systems are crucial for detecting, containing, and extinguishing fires by addressing the source, controlling the spread of fire, and reducing damage caused by fires.
Sizing and Forecast
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 growth in the historic period can be attributed to regulatory compliance, fire safety awareness, industrialization trends, infrastructure development, insurance requirements, urbanization, and growth in commercial construction.
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%. The growth in the forecast period can be attributed to adoption in emerging economies, enhanced fire prevention measures, expansion of manufacturing facilities, retrofitting in existing buildings, integration with smart building systems, increased focus on property protection, and heightened emphasis on life safety. Major trends in the forecast period include the adoption of intelligent detection systems, expansion of integrated systems, integration of suppression technologies, growth in demand for wireless solutions, development of remote monitoring capabilities, a collaboration between manufacturers and providers, expansion in critical infrastructure, adoption of advanced analytics, increasing emphasis on compliance, and development of systems with enhanced reliability.
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Segmentation & Regional Insights
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
North America was the largest region in the fire control system market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fire control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting 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.
Key Industry Players
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.S., Ultra Electronics Holdings plc, Hochiki Corporation, United Technologies Corporation, Yamato Protec Corporation, Seiler Instrument & Manufacturing Company Inc., Wilcox Industries Corp.
The fingerprint access control system market report table of contents includes:
1. Executive Summary
2. Fire Control System Market Characteristics
3. Fire Control System Market Trends And Strategies
4. Fire Control System Market – Macro Economic Scenario
5. Global Fire Control System Market Size and Growth
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31. Fire Control System Market Other Major And Innovative Companies
32. Global Fire Control System Market Competitive Benchmarking
33. Global Fire Control System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Fire Control System Market
35. Fire Control System Market Future Outlook and Potential Analysis
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