Global Military Fire Control System Market. The Military Fire Control System Market Is Estimated To Witness A Cagr Of More Than 5% During The Forecast Period 2018 To 2023.
A military fire control system consists of a number of components, including control, command, communications, computers, and intelligence (C4I); electro-optical/infrared sensors; gun data computer; and overall positioning system. Increase in the terrorist activities and increasing military missions and operations are the major driver driving the market for the military fire control systems market during the forecast period. The automated fir control systems and devices help soldiers to accomplish military operations with higher operating efficiency and better effectiveness. The increasing implementation of automated technology in fire control system by companies will contribute to the growth in military fire control system market.
Recently, Lockheed Martin introduced the Paragon Direct Attack Munition. This all-weather dual-mode precision-guided bomb kit is guided by GPS or Inertial Navigation System (INS) and semi-active laser homing systems and can be fired against both stationary and mobile targets. In May 2018, The U.S. Navy has started its first flight III destroyer. The development of this destroyer is on a first-of-its-kind new surface warfare destroyer armed with better-quality weapons. Moreover, it will consist of advanced sensors and new radar 35-times more sensitive than present systems. The Paragon Direct Attack Munition and flight III destroyer are integrated with fire control system. So, this will boost the military fire control system market in the forecast period.
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