Fire Control System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Fire Control System Market Report is Segmented by System (Target Acquisition and Guidance System, Interface System, Navigation System, Other Systems), Platform (Terrestrial, Aerial, Naval), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Fire Control System Market Size

Fire Control System Market Summary
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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

Fire Control System Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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).

  • Fire control systems can be used by the military and defense industry for a wide range of applications. The global market for fire control systems is growing rapidly due to the increasing demand for precision weapons in the military, the increasing 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 and could dramatically reduce the cost associated with the development and operation of 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 in the world 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 a variety of 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, as well as the capability of cooperative engagement (CEC), which is part of the Naval Integrated Fire Control (NIFC) as well as 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 contract 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.

Fire Control System Market: Defense Expenditure, in USD Billion, 2022

North America to Dominate the Market During the Forecast Period

The major 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 United States Army and allied forces worldwide in achieving battlefield superiority. The contracts, valued at USD 124 million each, will enable L3Harris to provide a common 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 U.S. Navy contract worth USD 279.9 million 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 .On deployed operations, the FCS 13-RE will be used as the main day and night control system (FCCS) on Canada's in-operable Saab (Saab M3) 84mm Carl Gustav weapons. 

In addition, the increased focus on the deployment of precision-guided weapons, increased research and development investments, and modernization initiatives in the defense industry will further expand the global market for fire control systems in the region.

Fire Control System Market: Market CAGR (%), By Region, Global, 2022

Fire Control System Industry Overview

The market is semi-consolidated in nature with a presence of major players such as Leonardo S.p.A., RTX Corporation and BAE Systems plc., Rheinmetall AG, ASELSAN A.S., and THALES among others. The market is highly competitive, and the prominent players are competing 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 in turn, can adversely affect the market dynamics. 

Moreover, the contracts are often subjected to include offset clauses which enhances the risks of timely completion of the project. 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 associated parties in a contract.

Fire Control System Market Leaders

  1. Leonardo S.p.A.

  2. BAE Systems plc

  3. ASELSAN A.S.

  4. RTX Corporation

  5. THALES

*Disclaimer: Major Players sorted in no particular order

Fire Control System Market Concentration
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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 give dismounted soldiers an increased 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, has been awarded a contract for the purchase of 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. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 System

      1. 5.1.1 Target Acquisition and Guidance System

      2. 5.1.2 Interface System

      3. 5.1.3 Navigation System

      4. 5.1.4 Other Systems

    2. 5.2 Platform

      1. 5.2.1 Terrestrial

      2. 5.2.2 Aerial

      3. 5.2.3 Naval

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Rest of Latin America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Egypt

        4. 5.3.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 ASELSAN A.S.

      2. 6.2.2 BAE Systems plc

      3. 6.2.3 Elbit Systems Ltd.

      4. 6.2.4 General Dynamics Corporation

      5. 6.2.5 Indra Sistemas, S.A.

      6. 6.2.6 Leonardo S.p.A.

      7. 6.2.7 Lockheed Martin Corporation

      8. 6.2.8 Northrop Grumman Corporation

      9. 6.2.9 RTX Corporation

      10. 6.2.10 Rheinmetall AG

      11. 6.2.11 Saab AB

      12. 6.2.12 Safran SA

      13. 6.2.13 THALES

      14. 6.2.14 Ultra Electronics

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Fire 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 a variety of 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 system, interface system, navigation system, 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 System
Interface System
Navigation System
Other Systems
Platform
Terrestrial
Aerial
Naval
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Egypt
Rest of Middle-East and Africa
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Fire Control System Market Research FAQs

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.

In 2024, the Fire Control System Market size is expected to reach USD 7.40 billion.

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.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Fire Control System Market.

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.

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Fire Control System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)