Fire Control System Market Projected to Witness a Double-Digit CAGR During 2022-2028
Stratview Research publishes a new report titled Fire control system Market which is segmented by the system (Target Acquisition & Guidance System, Navigation Systems, Power Systems, Auxiliary Systems, Ballistics Computer, and Display & Interface Units, Stabilization Systems, and others) by Platform (Land, Naval, and Airborne), by weapon class (Automatic Guns and Launchers), by Range (Short-Range (0-9 Km), Medium-Range (9-80 Km), and Long-Range (Above 80 Km)), and by Region.
The global Fire Control System Market was estimated at US$ 6.3 Billion in 2021 and is expected to grow at a CAGR of 4.1% during 2022-2028 to reach US$ 9.1 Billion in 2028.
Fire protection systems play an essential role in preventing fire from spreading. The procedures include fire blankets, sprinklers, extinguishers, and halon or gas systems. These are required to reduce losses due to fire accidents and the rising number of deaths due to fire.
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Key players active in the market –
The following are some of the key players in the fire control system market:
General Dynamics Corporation
Bae Systems PLC
Lockheed Martin Corporation
Northrop Grumman Corporation
Global Fire control system Market Report Segments:
The Fire control system Market is segmented into the following categories:
The market is divided into Target Acquisition & Guidance systems, Navigation Systems, Power Systems, Auxiliary Systems, Ballistics Computer, Display & Interface Units, Stabilization Systems, and others. Target Acquisition & Guidance System is further sub-divided into Fire Control Radar, Sonar, Electro-Optic and Infrared, Gun Director, and Rangefinder. The Target Acquisition & Guidance System is expected to remain the largest market Fire control system in the forecast period.
North America is likely to maintain its supremacy in the Fire Control System market throughout the forecast period. This enhances the construction-related projects that boost growth within the market. In retort to time, technology has also developed, providing the concreteness to future growth. Also, the government implemented a systematic policy to install fire protective equipment.
Why is this report beneficial?
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
It also offers –
- Market Overview
- Key Manufacturers Profiles
- Market Analysis by Region
- Market Segment by Type
- Market Segment by Application
- Raw Material and Supply Chain
- Other Key Research Findings
All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.
Customization of the report –
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