Fire Control System Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 7.40 Billion |
| Market Size (2029) | USD 9.15 Billion |
| CAGR (2024 - 2029) | 4.36 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Fire Control System Market Analysis
The Fire Control System Market size is estimated at USD 7.40 billion in 2024, and is expected to reach USD 9.15 billion by 2029, growing at a CAGR of 4.36% during the forecast period (2024-2029).
- The military and defense industry can use fire control systems for a wide range of applications. The global market for fire control systems is proliferating due to the increasing demand for precision weapons in the military, the rising number of remotely operated weapon (ROP) stations, and the increase in defense spending.
- The emergence of directed energy weapons (DEW) possesses immense potential for military applications. It could dramatically reduce the cost associated with developing and operating both offensive and defensive weaponry. Widespread adoption of DEWs can trigger a radical change in market dynamics.
- Technological limitations, such as deterrents and the increasing use of active protection systems, pose a challenge to system designers. Due to the high cost of modern electronic systems, the need to comply with fire safety standards has increased.
Fire Control System Market Trends
The Airborne Platform Segment of the Fire Control System Market is Estimated to Grow Significantly
Fire control systems are critical in combat aircraft for accurately hitting targets in air-to-air missions. Every other fighter aircraft and helicopter is outfitted with fire control systems. Airborne platforms have also been developed to support multi-mission warfare machines that can carry out a variety of operations. These platforms can be utilized for various tasks, including air defense, close air support, bombing, command and control, air dominance, and reconnaissance.
In September 2023, the US Navy awarded a contract for USD 845.5 million to the US Naval Air Systems Command (NAVAIR) for a delta system software configuration (DSSC) E-2D platform scheduled to enter service in 2028. The platform is equipped with a glass cockpit and the capability of cooperative engagement (CEC), which is part of the Naval Integrated Fire Control (NIFC) and the in-flight refueling capability.
These platforms are capable of command and control, air defense, bombing, air domination, close air support, reconnaissance, and other missions. Similarly, in June 2023, Airbus Helicopters awarded Elbit Systems a new contract to supply Airborne Electronic warfare self-protection (AEWS) systems for German Air Force CH‑53GS/GE transport helicopters. The agreement covers Digital Radar Warning Receivers (DRW), Electronic Warfare Controllers (EWC), and Countermeasure Dispensing Systems (CMDS) to improve the helicopter’s operational efficiency and mission success. These developments are expected to aid the segment growth.
North America to Dominate the Market During the Forecast Period
The primary defense player in the region, the US has been the pioneer of armed warfare and has positioned itself at the apex of military dominance through a steady growth in the procurement of advanced weapon systems.
The changing nature of warfare is one of the prime reasons for the US DoD's increased spending toward arming its armed forces with better weapons. In November 2023, L3Harris Technologies won contracts to develop and upgrade fire control systems for rocket launch vehicles that assist the US Army and allied forces worldwide in achieving battlefield superiority. The contracts, valued at USD 124 million each, will enable L3Harris to provide a standard fire control system.
New weapons are subjected to extensive testing to ensure reliable operation and estimate the level of performance enhancement due to a newly integrated design change. For instance, in July 2022, General Dynamics Mission Systems, a business unit of General Dynamics, was awarded a USD 279.9 million US Navy contract to support the development, production, and installation of fire control systems for the Columbia and Dreadnought classes of ballistic missile submarines.
Other major armed forces in the region; for instance, in November 2022, Sweden’s Aimpoint was awarded a contract to supply the Canada Department of Defence (DoD) with a range of FCS13-RE Fire Control System (FCS) and TH-60 thermal sight. During deployed operations, the FCS 13-RE will be used as the primary day and night control system (FCCS) for Canada's inoperable Saab (Saab M3) 84mm Carl Gustav weapons.
In addition, the increased focus on deploying precision-guided weapons, increased research and development investments, and modernization initiatives in the defense industry will further expand the region's global market for fire control systems.
Fire Control System Industry Overview
The market is semi-consolidated, with significant players such as Leonardo S.p.A., RTX Corporation, BAE Systems plc., Rheinmetall AG, ASELSAN A.S., and THALES. It is highly competitive, and the prominent players compete for a larger market share.
The stringent safety and regulatory policies in the defense segment are expected to restrict the entry of new players. Furthermore, the sales of technology-based platforms are primarily influenced by the prevalent economic situations in dominant markets such as the US and Asia-Pacific. Hence, in periods of economic downturn, purchases may be subjected to deferral or cancellation and a relatively slower rate of adoption, which can adversely affect the market dynamics.
Moreover, the contracts are often subjected to offset clauses, which enhance the project's timely completion risks. Since the associated risks regarding the technical aspects, scheduling of activities and costs are subject to change based on macroeconomic factors and subsequently influence the associative profits of the related parties in a contract.
Fire Control System Market Leaders
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Leonardo S.p.A.
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BAE Systems plc
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ASELSAN A.S.
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RTX Corporation
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THALES
*Disclaimer: Major Players sorted in no particular order
Fire Control System Market News
As of October 2023, the US Space Development Agency (SDA) was fielding tranches of new space-based missile warning and tracking satellites, and a new fire-control system was being explored for a second tranche of vehicles.
In February 2022, the US armed forces acquired a fire control optic that could increase dismounted soldiers' ability to combat drones. The service's integrated fires rapid capabilities office within the Department of Defense's Program Executive Office for Munitions and Space was awarded a contract to purchase Israeli-based Smart Shooter’s SMASH 2000L fire control system.
In January 2022, Elbit Systems Emirates, a subsidiary of Elbit Systems, was awarded a contract of around USD 53 million to provide the United Arab Emirates (UAE) Air Force with airborne electronic warfare (EW) systems for the air force’s Airbus A330 multi-role tanker transport aircraft by 2027. Elbit Systems Emirates will provide the Air Force with the Air Force's airborne electronic warning system (AWS) and airborne DIRCM (Direct Infrared Countermeasures) systems.
Fire Control System Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 System
- 5.1.1 Target Acquisition and Guidance Systems
- 5.1.2 Interface Systems
- 5.1.3 Navigation Systems
- 5.1.4 Other Systems
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5.2 Platform
- 5.2.1 Terrestrial
- 5.2.2 Aerial
- 5.2.3 Naval
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 France
- 5.3.2.3 Germany
- 5.3.2.4 Russia
- 5.3.2.5 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 India
- 5.3.3.3 Japan
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Latin America
- 5.3.4.1 Brazil
- 5.3.4.2 Rest of Latin America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 United Arab Emirates
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Egypt
- 5.3.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 ASELSAN A.S.
- 6.2.2 BAE Systems plc
- 6.2.3 Elbit Systems Ltd.
- 6.2.4 General Dynamics Corporation
- 6.2.5 Indra Sistemas, S.A.
- 6.2.6 Leonardo S.p.A.
- 6.2.7 Lockheed Martin Corporation
- 6.2.8 Northrop Grumman Corporation
- 6.2.9 RTX Corporation
- 6.2.10 Rheinmetall AG
- 6.2.11 Saab AB
- 6.2.12 Safran SA
- 6.2.13 THALES
- 6.2.14 Ultra Electronics
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityFire Control System Industry Segmentation
FCS (fire control systems) enable ranged weapons to be targeted, tracked, and fired with far greater velocity and accuracy than can be achieved by a human operator. FCS can be mounted on various platforms, including artillery, antiaircraft weapons, naval ships, aircraft, armor, and even hand weapons.
The fire control system market is segmented based on system, platform, and geography. Based on the system, the market is segmented into target acquisition and guidance systems, interface systems, navigation systems, and other systems. Other systems include digital radio, leveling systems, and power systems. Based on platform, the market is segmented into terrestrial, aerial, and naval. The report also covers the market sizes and forecasts for the fire control system market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| System | Target Acquisition and Guidance Systems | |
| Interface Systems | ||
| Navigation Systems | ||
| Other Systems | ||
| Platform | Terrestrial | |
| Aerial | ||
| Naval | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| France | ||
| Germany | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Rest of Latin America | ||
| Geography | Middle-East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Egypt | ||
| Rest of Middle-East and Africa |
Fire Control System Market Research FAQs
How big is the Fire Control System Market?
The Fire Control System Market size is expected to reach USD 7.40 billion in 2024 and grow at a CAGR of 4.36% to reach USD 9.15 billion by 2029.
What is the current Fire Control System Market size?
In 2024, the Fire Control System Market size is expected to reach USD 7.40 billion.
Who are the key players in Fire Control System Market?
Leonardo S.p.A., BAE Systems plc, ASELSAN A.S., RTX Corporation and THALES are the major companies operating in the Fire Control System Market.
Which is the fastest growing region in Fire Control System Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Fire Control System Market?
In 2024, the North America accounts for the largest market share in Fire Control System Market.
What years does this Fire Control System Market cover, and what was the market size in 2023?
In 2023, the Fire Control System Market size was estimated at USD 7.08 billion. The report covers the Fire Control System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fire Control System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Fire Control System Industry Report
Statistics for the 2024 Fire Control System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fire Control System analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
