The global Electronic Fuzes market was valued at US$ 803.1 million in 2019 and it is expected to reach US$ 1057.5 million by the end of 2026, growing at a CAGR of 4.0% during 2021-2026.
A fuze is an electronic or mechanical device attached to the ammunition to provide reliable and safe detonation at the time and place needed. These devices control the safe separation of the ammunition from the launch platform and trigger the explosion. Missiles, rockets, bombs, and shells. Ammunition and other ammunition are an important part of the army’s launching capabilities in modern warfare. Because these ammunitions contain explosives, there is always a danger of explosion during storage, launching and handling. This requires some safety devices to be added to these ammunitions. Safety. The system should work until the ammunition is propelled and launched, and the launching mechanism should be controlled. In order to achieve this, there is also a loading mechanism in the ammunition. All the above necessities are met by a small gadget called a fuze .
The basic functions of the fuze are armament, security, shooting and target sensing. The insurance, disarming and ignition mechanisms of mechanical fuze mainly involve mechanical parts, linkage mechanisms and other mechanisms. Because of its simplicity and ease of conceptualization, a mechanical fuze was the first fuze developed and is still used in many different types of ammunition. Fuzes operated by mechanical devices utilize mechanical connections, such as gears, springs, rotors, sliders, and plungers, or a combination of some of them. Due to extensive safety requirements, mechanical fuzes have many components and are designed with a clockwork structure.
There are some main considerations when designing mechanical and electrical fuzes. These factors include safety and stress resistance, deterioration in use, handling and storage, reliability of movement, simple structure and sufficient strength. Due to extensive safety requirements, mechanical fuzes usually have many components and are designed with a clockwork structure. The electronic fuze was developed in the mid-1960s, and since then, this technology has continued to develop. Today, electronic fuzes are being used in many modern weapon systems and have replaced mechanical fuzes in many places.
The industry’s leading producers are L3 Technologies, Orbital ATK and Kaman, which accounted for 23.64%, 17.83% and 13.99% of revenue in 2019, respectively.
Global Electronic Fuzes Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Electronic Fuzes Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are L3 Technologies, Orbital Atk (Northrop Grumman), Kaman, Expal (Maxam Group), Junghans Microtec Gmbh, Reutech, Dixi Microtechniques, Sandeep Metalcraft, Reshef Technologies and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-electronic-fuzes-market-research-report
Segment by Type
- Mortar Fuzes
- Artillery Fuzes
- Rocket and Missile Fuzes
- Aircraft Fuzes
Segment by Application
- Civil Applications
- Military Applications
- Other Applications
Table of Content:
1 Electronic Fuzes Market Overview
2 Electronic Fuzes Market Competition by Manufacturers
3 Electronic Fuzes Retrospective Market Scenario by Region
4 Global Electronic Fuzes Historic Market Analysis by Type
5 Global Electronic Fuzes Historic Market Analysis by Application
6 Key Companies Profiled
7 Electronic Fuzes Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Electronic Fuzes Market Dynamics
10 Global Electronic Fuzes Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.