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According to the latest report by MarkNtel Advisors, titled “Global Fire Control System Market By System (Target Acquisition & Guidance System, Ballistics Computer & Display & Interface Units, Navigation Systems, Power Systems, Auxiliary Systems, Stabilization Systems), By Platform (Land, Naval, Airborne), By Weapon Class (Automatic Guns, Launchers), By Range (Short Range, Medium Range, Long Range), The Global Fire Control System market is estimated to grow at a CAGR of around 5.22% during the forecast period, i.e., 2022-27. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2021
Forecast Period: 2022-27
Historical Data: 2017-20
CAGR (2022-2027): 5.22%
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Growing Demand for Automated Systems in the Battlefield - Automated systems demand is increasing across the globe due to growing advancements in technology. The deployment of automated systems on the battlefield lessens the risk to military personnel. Moreover, Unmanned Combat Aerial Vehicles (UCAVs) are emerging as key automated systems to deploy on the battlefields. These automated systems hover over the targets, search for the location, and attack the target. This growing shift to deploy automated systems on the battlefield is expected to enhance the demand for fire control systems.
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-By Platform
Of them all, for the militaries around the world, land-based weapons have been an essential component of increasing the firepower as well as being a force multiplier.
-By Weapon Class
Among the two, the Launch-based systems are expected to retain a sizeable market share in the fire control system in the forecast period.
-By System
-By Range
-By Region
Of all regions globally, North America is expected to hold a major market share of fire control systems in the forecast period.
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Fire Control System Market Share Fire Control System Market Trends Fire Control System Market Growth
