Fire Control System Market Growth Analysis | 2023-2028

Market Insights

The fire control system market was estimated at USD 7.15 billion in 2022 and is likely to grow at a CAGR of 4.11% during 2023-2028 to reach USD 9.1 billion in 2028.

Want to know more about the market scope? Register Here

Market Dynamics

Introduction

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.

Market Drivers

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.

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.

Want to have a closer look at this market report? Click Here

Key Players

The following are the major players in the global 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

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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.

Segment Analysis

By System Type

The fire control system market is divided into target acquisition and guidance systems, navigation systems, power systems, auxiliary systems, ballistics computers, display and 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 during the forecast period. Due to the increasing demand for military spending in various emerging countries, the 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.

By 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.

By Weapon Class Type

The market is segmented as automatic guns and launchers. The launchers account for the largest market share in 2022, 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.

By 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 2022; the medium range is more affordable than the long-range and is extensively used in war zones to help aim targets with maximum accuracy.

Regional Insights

North American fire control system market 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. 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 prospects for the market in the Asia Pacific region.

Know the high-growth countries in this report. Register Here

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 that 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".

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects fire control system market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and 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 market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The fire control system market is segmented into the following categories:

By System Type

• Target Acquisition & Guidance System
• Navigation Systems
• Power Systems
• Auxiliary Systems
• Ballistics Computer
• Display & Interface Units
• Stabilization Systems
• Others

By Platform Type

• Land
• Naval
• Airborne

By Weapon Class Type

• Automatic Guns
• Launchers

By Range Type

• Short-Range (0-9 Km)
• Medium-Range (9-80 Km)
• Long-Range (Above 80 Km)

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Click Here, to learn the market segmentation details.

Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.