Fire Control System Market Growth Analsis | 2022-2028

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 the forecast period to reach US$ 9.1 Billion in 2028.

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What is a fire control system?

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. 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 lifestyles, they are concerned about 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 the 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.

The fire control system market is driven by a host of factors, some of which are noted below:

• The advent of expensive modern electronic systems has necessitated compliance with fire safety standards. As a result, increasing severity has forced many companies to adopt fire safety systems.
• Growing awareness of asset safety and security is projected to present a significant opportunity for market technological advancements.
• Global demand for such sophisticated Fire Safety Systems is anticipated to rise as the world continues its transition away from a risk-based strategy towards Inspection/Testing/Maintenance (ITM).
• In applications where other detection methods are incompatible or hostile, new breakthroughs enable the use of computer algorithms and cameras to study the visible effects of fire.

Segment Analysis

System Type

The market is divided into Target Acquisition & Guidance systems, Navigation Systems, Power Systems, Auxiliary Systems, Ballistics computers, Display & Interface Units,  Stabilization Systems, and others. Target Acquisition & Guidance System is further subdivided 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.

Platform Type

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 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.

Weapon class Type

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.

Range Type

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.

Regions Analysis

North America is likely to maintain its supremacy in the 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 concreteness to future growth.

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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 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 market in the Asia Pacific region.

Key Players

The following are the major players in the fire control system market:

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

There is stiff competition in the market. The growth of the companies is directly dependent on 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:

• On March 30, 2023, the defense ministry signed an agreement with Bharat Electronics Limited for the acquisition of 13 Lynx-U2 fire control systems for the Navy. The Lynx-U2 system is a naval gun fire control system capable of reliably detecting and engaging targets amid marine clutter as well as air or surface targets.

Research Methodology

This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 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.
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Recent Development

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 are 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 19^th 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".