Global Military Fire Control Systems Market and provides a detailed overview of the market’s likely growth trajectory over the forecast period till 2025. The major drivers and restraints affecting the global military fire control systems market are profiled in detail in the report to provide readers a clear overview of what is affecting the market most significantly. The leading factors affecting the market positively as well as negatively are profiled in the report, providing readers a clear view of the market’s movement. Major players operating in the global military fire control systems market are also profiled in the report.
Military fire control systems are used on military weapons in order to increase the efficiency and efficacy of the weapons. Military fire control systems help achieve precision in aiming, detecting, tracking, and striking a target and are designed to assist weapons systems on military vehicles and weapons. Military fire control systems comprise various components, including C4I (control, command, communications, computers, and intelligence), electro-optical/infrared sensors, gun data computers, and overall positioning systems. Military fire control systems thus hold an important place in the military and are used in various applications in order to enable better and more precise striking.
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The increasing usage of technology in weapon systems is likely to be a major driver for the global military fire control systems market. Nations around the world are likely to focus on technological upgradation as a major target over the coming years, as technologically assisted weapons have become important in warfare and are likely to remain key components of armed forces in the coming years. Technologically assisted weapons offer better accuracy and more efficient usage of ammunition, making them vital for the new age of smart armies and technological warfare. The increasing need for armed forces due to the growing threat of terrorism is likely to be a major driver for the global military fire control systems market over the forecast period.
Leadig players in the global military fire control systems market include Ultra Electronics Group, Leonardo SpA, Saab AB, Bharat Electronics Ltd., Rheinmetall AG, Safran, General Dynamics Corporation, Lockheed Martin Corporation, BAE Systems, and Elbit Systems. Major players in the global military fire control systems market are focusing on improving the accuracy of the weapon systems and reducing aiming time. These two factors are likely to remain important in the military fire control systems market in the coming years.
Global Military Fire Control Systems Market is segmented based on component, platform, application, and region.
By component, the global military fire control systems market is segmented into gun directors, computing devices/displays, sensors, and others. The sensors segment is further subsegmented into range finder/designator, RADAR, navigation system, EO/IR, sonar, and others.
By platform, the global military fire control systems market is bifurcated into weapon-mounted and vehicle-mounted fire control systems.
By application, the global military fire control systems market is segmented into naval, ground-based, and airborne. The naval segment is likely to be the major segment in the global military fire control system market over the forecast period. The increasing threat of piracy in international waters is likely to be a major driver for the naval segment of the military fire control system market over the forecast period.
North America holds the largest share in the global military fire control system market and is likely to remain the leading revenue generator in the market over the forecast period. Europe is also a major regional market for military fire control systems, while Asia Pacific is an emerging market with strong scope for growth over the forecast period.
The presence of leading players in North America enables a strong share for the region in the global military fire control system market. On the other hand, the presence of emerging powers such as India and China is a major driver for the Asia Pacific military fire control system market.
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