Fire Control System Market Size Growth During Forecast Period

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Fire Control System Market Size Growth
During Forecast Period.
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Key Insights from Fire Control System Market

• Fire Control System Market is anticipated to
  achieve lucrative growth rate from 2019 to 2025
  pushed by increasing terrorist activities along
  with an upsurge in military and naval operations
  across borders to enhance national and
  international security. Rising defense budgets
  globally along with modernization of ageing
  equipment are further expanding the industry
  share over the projected timeframe.
• The benefits offered by the fire control systems
  including rapid target engagements, improving
  situational awareness along with improved gun
  crew survival are attracting military and naval
  forces globally to deploy such systems. Moreover,
  superior operational efficiency along with higher
  system accuracy to attack targets and enemies
  further expands the fire control system market
  share over the projected timeframe.

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Continued

• Incorporation of advanced sensors and tools for
  felicitating automated fire control operations
  and trajectory correction are boosting the fire
  control system market size. Moreover, industry
  players are offering customized and advanced fire
  control systems for complying to the requirements
  of military. For instance, in March 2019,
  Leonardo entered into a strategic contract with
  the U.S.
• Rising demand for light weight fire control
  systems are positively influencing the fire
  control system market size over the projected
  timeframe. Moreover, the enhanced operation of
  these systems at night along with superior vision
  and enemy locking and targeting capabilities
  owing to the presence of a telescope. Moreover,
  increasing investments from major economies for
  procuring and developing fire control systems are
  further expanding the industry share.

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Market research reports Key analytical components

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Major Companies Fire Control System Market

• BAE Systems
• Safran
• General Dynamics Corporation
• Lockheed Martin
• Rheinmetall AG

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Regional Insights Fire Control System Market

Asia Pacific fire control system market share
will grow considerably on account of rising
defense expenditure across the region. For
instance, the Chinese government increased its
defense budget growth target up to 7.5 in 2019.
Moreover, countries are also engaged in procuring
modern equipment to improve their military
operations significantly. For instance, in April
2019, the Indian government signed a strategic
contract with Russia to procure 464 T-90 tanks
with advanced fire control systems. Based on
platform, the fire control system market size is
categorized into land, airborne, and naval. Naval
segment is expected to account for a considerable
share on account of rising terrorism activities
on seas globally.
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