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    Fire Control System Market Report

    Fire Control System Market Report
    Report code - SR2041 Delivery - 2 Weeks
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    Fire Control System Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth See more...

    Market Insights

    The 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. The fire protection systems have prevented fire quickly and accurately rather than the traditional heat or smoke devices used in the past. Furthermore, when fire sensors and detectors are installed in commercial/residential buildings, they serve as an ideal and affordable safety measure to keep the surroundings safe.

    As several people are improving their lifestyle, they are concerned about the fire protection equipment and are installing it in houses and buildings. These are factors responsible for the market growth. Fire protection systems such as alarm valves and sprinkler systems are mainly used. The plan will help to detect and respond to fire smoke or flame.

    Additionally, a lockdown in several countries was observed due to the second wave of the outbreak. This further reduced production of new fire protection systems due to supply chain disruption across countries and regions. However, the fire protection market is expected to grow to post the pandemic. The increasing urban population and the need to safeguard life and the environment from fire emergencies are expected to boost the demand for fire protection systems in the assessment period.

    Several investments/guidelines in the industry have been directed in recent years, which would boost the overall market. Some of them are:

    Fire safety has always been crucial, and much of the current UK regulations from the Regulatory Reform (Fire Safety) Order. From the Grenfell Tower Inquiry, The Fire Safety Act is also designed to provide a foundation for secondary legislation which won't require another Act of Parliament. Extra measures may include residents' responsibility for lift inspections, evacuation plans, and fire safety instructions.

    • On 19th March 2020, The Home Office introduced the new Fire Safety Bill to improve fire safety in buildings in England and Wales. The Bill has been approved through the parliamentary method to become law as "The Fire Safety Act 2021".

    Segment Analysis

    Based on the system, 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. Due to the increasing demand for military spending in various emerging countries, Target Acquisition & Guidance System plays an essential role in detecting and guiding weapons. Moreover, it plays a crucial role in the operation of weapon systems with the help of EO/IR, fire control radar, and gun director in targeting and guiding weapons to hit targets. It is helpful on all three platforms, airborne, land, and naval.

    Based on the platform, the market is bifurcated into Land, Naval, and Airborne. The airborne segment is anticipated to register the highest CAGR during the forecast period. Every other fighter aircraft and the helicopter/chopper is installed with fire control systems. Furthermore, Airborne platforms have evolved to support multi-mission warfare machines capable of conducting various missions. These platforms can be used for air defense, close air support, bombing, command & control, air dominance, reconnaissance, and other roles.

    Based on the weapon class, the market is segmented as Automatic Guns and Launchers. The Launchers account for the largest market share in 2021, attributed to high-adoption land, airborne, and naval platforms for surface-to-air warfare to engage with main battle tanks and other armored fighting vehicles.

    Based on the range, the market is segmented as Short-Range (0-9 Km), Medium-Range (9-80 Km), and Long-Range (Above 80 Km). The Medium-Range (9-80 Km) accounts for the largest market share in 2021; the medium range is more affordable than the long-range and is extensively used in war zones to help aim targets with maximum accuracy.

    In terms of regions, 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. Also, rapid development and modernization of technological advancements in various sectors have resulted in a high rate of fire protection systems.

    Concurrently, Asia Pacific is expected to witness the fastest growth in the global Fire Control System market during the forecast period.  The key factors responsible for the swift development are increased demand for Fire Control systems by the defense industry and a rise in overall military expenditure (especially in China and India). The improved defense and individual spending on security in countries such as China and India inject huge growth prospectus for the Fire Control System market in the Asia Pacific region.

    Key Players

    There is stiff competition in the Fire Control System market. The growth of the companies is directly dependent on the industry conditions and government support. These companies differentiate their Fire Control systems based on their quality and penetration in the target and emerging markets. Also, recent significant mergers and acquisitions in the industry have significantly influenced the competitive dynamics. For example:

    • In January 2021, General Dynamics delivered submarine Fire Control Systems Under Navy Contract Modification. General Dynamics' mission systems had received a USD$43.2 million contract modification from the US Navy to develop, manufacture and install fire control systems aboard Columbia and Dreadnought-class submarines
    • In December 2019, General Dynamics Mission Systems Received a USD$299.9 Million Sustainment Contract for Ballistic-Missile Submarine Fire Control Systems Modernization and Maintenance.
    • In January 2019, Raytheon received a contract worth USD$ 72.5 million from the US Navy for the supply of MK 99 fire control systems for Aegis weapon systems.
    • In December 2018, General Dynamics Corporation received a contract worth USD$ 28.0 million from the US Department of Defense to sustain weapons systems installed on US and UK nuclear submarines. This contract also included work on fire control systems installed on submarines of both nations as well as the attack weapon control systems deployed on the submarines of the US.

    The overall competitive landscape has been affected due to these mergers and acquisitions. The following are the major players in the Fire Control System market:

    • General Dynamics Corporation
    • Bae Systems PLC
    • Lockheed Martin Corporation
    • Safran Group
    • Ultra Electronics
    • Rheinmetall AG
    • Northrop Grumman Corporation
    • Raytheon Company
    • Wilcox Industries
    • Seiler Instrument
    • Thales Group
    • Bharat Electronics Limited
    • Elbit Systems Ltd

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Frequently Asked Questions (FAQs)

    The 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.

    The major players in the Fire Control System market are General Dynamics Corporation, Bae Systems PLC, Lockheed Martin Corporation, Safran Group, Ultra Electronics, Rheinmetall AG, Northrop Grumman Corporation, Raytheon Company, Wilcox Industries, Seiler Instrument, Thales Group, Bharat Electronics Limited, Elbit Systems Ltd.

    North America is likely to maintain its supremacy in the Fire Control System market throughout the forecast period.

    Asia Pacific is expected to witness the fastest growth in the global Fire Control System market during the forecast period.

    Based on the platform, the market is bifurcated into Land, Naval, and Airborne. The airborne segment is anticipated to register the highest CAGR during the forecast period.

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