Visiongain has published a new report on Fire Control System Market Report Forecast 2021-2031. Forecasts by System (Target Acquisition & Guidance System, Ballistics Computer and Display & Interface Units, Navigation Systems, Power Systems, Others), Platform (Land, Naval, Airborne), Weapon Class (Automatic Guns, Launchers), Range {Short-Range (0-9 Km), Medium-Range (9-80 Km), Long-Range (Above 80 Km)}, by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), PLUS COVID-19 Recovery Scenarios
According to Visiongain analysis, 'The global fire control system market is estimated to be valued at US$6,451.6 million in 2020 and is expected to reach US$8,759.4 million in 2026 from its previous value of US$6,767.7 million in 2021. Visiongain further anticipates that the region will reach US$12,108.8 million in 2031 while growing at a CAGR of 5.99% from 2021 to 2031.
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Growing Usage of Automation Systems is Anticipated to Boost Fire Control Systems Market Growth
Growing usage of automation systems in fire control systems is anticipated to fuel market growth coupled with rising geo-political issues among several economies. According to Visiongain analysis, Asia Pacific dominated the global fire control systems market and is projected to hold maximum market share by 2031. China is the major region contributing to the growth of Asia Pacific fire control systems market. The regional market growth is attributed to border issues and geopolitical issues with its neighboring economies. Over the forecast period, rising terrorist activities and rising military operations across India, China, and other Asian countries are projected to fuel market growth through 2031.
COVID-19 impacted the Fire Control Systems Market?
The convergence of the pandemic, the economic effects of the quarantine steps required to combat the pandemic, and the simultaneous oil price war have put the defense ecosystem under pressure in radically new forms and to an unforeseen degree of intensity. The defense industry is being upended across the globe across about every area of supply and demand. Armed forces are being used in many nations to shore up health, logistics and domestic security systems on a 24/7 basis. A near-term rise in operations and maintenance (O&M) and military staff expenditures would be triggered by these operations.
How the Fire Control System Market report helps you
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Competitive Landscape
Some of the companies profiled in the report include: General Dynamics Corporation, BAE Systems plc, Leonardo, Northrop Grumman, Rheinmetall AG, ASELSAN A.S, Thales Group, Indra, Raytheon, Saab Group, Lockheed Martin Corporation, WB Group, KMW, and Leidos.
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Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports mean that you can have a bespoke piece of market intelligence customized to your very own business needs.
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