Fire Control System Market worth USD 7.3 billion by 2023 Fire Control System Market by System (Target Acquisition & Guidance Systems, Ballistic Computers, Navigation Systems, Power Systems), Platform (Land, Airborne, Naval), Weapon Class (Automatic Guns, Launchers), Range, and Region - Global Forecast to 2023
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Summery ď‚´ [187 Pages Report] The fire control system market is projected to grow from USD 5.9 billion in 2018 to USD 7.3 billion by 2023, at a CAGR of 4.37% from 2018 to 2023
Recent Developments In January 2019, Raytheon Company 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 Mission Systems, a business unit of General Dynamics Corporation, received a contract worth USD 28.0 million from the US Department of Defense for the sustainment of weapons systems installed on nuclear submarines of the US and UK. This contract also included work on fire control systems installed on submarines of both the nations as well as the attack weapon control systems deployed on the submarines of the US. In September 2018, Elbit Systems Ltd. received a contract worth USD 173.0 million from an undisclosed country in the Asia Pacific region to supply naval Remote Weapon Stations (RCWS). Under this contract, Elbit Systems is expected to provide lightweight, fully stabilized dual-axis naval RCWS equipped with a 12.7mm machine guns and ammunition, advanced fire control systems, and a modular electro-optic suite. In July 2018, LONGBOW LLC, a joint venture between Northrop Grumman Corporation and Lockheed Martin, secured a contract worth USD 170.5 million from the US Army for the supply of LONGBOW fire control radars.
Platform ď‚´ the airborne segment is expected to grow at the highest CAGR during the forecast period
Key Player
Elbit Systems Ltd (Israel), General Dynamics Corporation (US), Rheinmetall AG (Germany), BAE Systems (UK), Lockheed Martin (US), Safran (France), Leonardo (Italy), Raytheon Company (US), SAAB (Sweden), Aselsan A.S. (Turkey), Northrop Grumman (US), and Israel Aerospace Industries (Israel)
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