Market Overview:
The global fuzes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuzed munitions in military applications and rising incidences of terrorism and armed conflicts across the globe. In terms of type, the mortar fuzes segment is expected to lead the global fuzes market during the forecast period, followed by artillery fuzes, rocket and missile fuzes, aircraft fuzes, and others segments. In terms of application, civil applications are expected to lead the global fuzed munitions market during the forecast period followed by military applications and others segments.
Product Definition:
A fuze is a device that initiates an explosive munition. It has two main functions: initiating the detonation of the explosive filler and protecting the detonator from premature activation.
Mortar Fuzes:
Mortar fuzes are a type of demolition device which is used to destroy hard surfaces such as masonry, concrete, and rocks. The basic function of mortar fuzes consists of propelling an explosive charge into the target material. There are two types of mortar fuzes namely contact and non-contact.
Artillery Fuzes:
Artillery fuzes are devices used to initiate and control the functioning of a secondary or tertiary explosion. They are primarily employed in Artillery, Rocket, Mortar (AMM), and Multiple LaunchRocket Systems (MLRS) for self-propelled projectiles. The most common usage of an artillery fuse is to determine the time of flight from the firing position to the target.
The different types of fuzes include mechanical, proximity, time delay fuze.
Application Insights:
The military application segment led the global fuzes market in 2017 and is projected to expand at a steady CAGR from 2018 to 2030. The growing use of fuze systems in various military aircraft, missiles, and ground-based artillery weapons is expected to drive the demand for the product over the forecast period.
Civil applications accounted for a significant share of more than 40% in 2017 owing to rising investments by companies such as Honeywell International Inc., Rockwell Collins Inc., and others for developing advanced products with enhanced performance characteristics. These companies are continuously investing in R&D activities for developing innovative products that meet diverse safety requirements while offering improved accuracy during testing & inspection operations.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being the most developed nation, is expected to dominate the regional market over the forecast period. However, Asia Pacific and Middle East & Africa are projected to grow at a significant rate over the next eight years due to increasing military expenditure by countries such as China and India respectively.
Asia Pacific was estimated to be valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for smart and precision-guided munitions from the defense sector
- Proliferation of improvised explosive devices (IEDs) in regions such as the Middle East and North Africa is expected to drive the fuze market over the forecast period
- Growing demand for electronic fuzes from civil applications such as mining, construction, and oil & gas industry
- Technological advancements in fuze design and development are expected to fuel growth of the market over the next few years
- Stringent safety regulations pertaining to explosives are likely to create opportunities for advanced fuzes in commercial applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Fuzes Market Research Report
By Type
Mortar Fuzes, Artillery Fuzes, Rocket and Missile Fuzes, Aircraft Fuzes, Others
By Application
Civil Applications, Military Applications, Others
By Companies
L3 Technologies, Northrop Grumman (Orbital ATK), Kaman, Expal (Maxam Group), JUNGHANS Microtec GmbH, Action Manufacturing, Anhui Great Wall Military Industry, Reutech Fuchs Electronics, DIXI Microtechniques, Sandeep Metalcraft, Reshef Technologies, Binas d.d. Bugojno
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Fuzes Market Report Segments:
The global Fuzes market is segmented on the basis of:
Types
Mortar Fuzes, Artillery Fuzes, Rocket and Missile Fuzes, Aircraft Fuzes, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Civil Applications, Military Applications, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- L3 Technologies
- Northrop Grumman (Orbital ATK)
- Kaman
- Expal (Maxam Group)
- JUNGHANS Microtec GmbH
- Action Manufacturing
- Anhui Great Wall Military Industry
- Reutech Fuchs Electronics
- DIXI Microtechniques
- Sandeep Metalcraft
- Reshef Technologies
- Binas d.d. Bugojno
Highlights of The Fuzes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mortar Fuzes
- Artillery Fuzes
- Rocket and Missile Fuzes
- Aircraft Fuzes
- Others
- By Application:
- Civil Applications
- Military Applications
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fuzes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fuzes are devices that detonate explosives to create a desired effect. Common uses for fuzes include triggering mines, starting fires, and destroying targets.
Some of the key players operating in the fuzes market are L3 Technologies, Northrop Grumman (Orbital ATK), Kaman, Expal (Maxam Group), JUNGHANS Microtec GmbH, Action Manufacturing, Anhui Great Wall Military Industry, Reutech Fuchs Electronics, DIXI Microtechniques, Sandeep Metalcraft, Reshef Technologies, Binas d.d. Bugojno.
The fuzes market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fuzes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fuzes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fuzes Market - Supply Chain
4.5. Global Fuzes Market Forecast
4.5.1. Fuzes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fuzes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fuzes Market Absolute $ Opportunity
5. Global Fuzes Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fuzes Market Size and Volume Forecast by Type
5.3.1. Mortar Fuzes
5.3.2. Artillery Fuzes
5.3.3. Rocket and Missile Fuzes
5.3.4. Aircraft Fuzes
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fuzes Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fuzes Market Size and Volume Forecast by Application
6.3.1. Civil Applications
6.3.2. Military Applications
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fuzes Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fuzes Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fuzes Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fuzes Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fuzes Demand Share Forecast, 2019-2026
9. North America Fuzes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fuzes Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fuzes Market Size and Volume Forecast by Application
9.4.1. Civil Applications
9.4.2. Military Applications
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fuzes Market Size and Volume Forecast by Type
9.7.1. Mortar Fuzes
9.7.2. Artillery Fuzes
9.7.3. Rocket and Missile Fuzes
9.7.4. Aircraft Fuzes
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fuzes Demand Share Forecast, 2019-2026
10. Latin America Fuzes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fuzes Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fuzes Market Size and Volume Forecast by Application
10.4.1. Civil Applications
10.4.2. Military Applications
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fuzes Market Size and Volume Forecast by Type
10.7.1. Mortar Fuzes
10.7.2. Artillery Fuzes
10.7.3. Rocket and Missile Fuzes
10.7.4. Aircraft Fuzes
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fuzes Demand Share Forecast, 2019-2026
11. Europe Fuzes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fuzes Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fuzes Market Size and Volume Forecast by Application
11.4.1. Civil Applications
11.4.2. Military Applications
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fuzes Market Size and Volume Forecast by Type
11.7.1. Mortar Fuzes
11.7.2. Artillery Fuzes
11.7.3. Rocket and Missile Fuzes
11.7.4. Aircraft Fuzes
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fuzes Demand Share, 2019-2026
12. Asia Pacific Fuzes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fuzes Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fuzes Market Size and Volume Forecast by Application
12.4.1. Civil Applications
12.4.2. Military Applications
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fuzes Market Size and Volume Forecast by Type
12.7.1. Mortar Fuzes
12.7.2. Artillery Fuzes
12.7.3. Rocket and Missile Fuzes
12.7.4. Aircraft Fuzes
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fuzes Demand Share, 2019-2026
13. Middle East & Africa Fuzes Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fuzes Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fuzes Market Size and Volume Forecast by Application
13.4.1. Civil Applications
13.4.2. Military Applications
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fuzes Market Size and Volume Forecast by Type
13.7.1. Mortar Fuzes
13.7.2. Artillery Fuzes
13.7.3. Rocket and Missile Fuzes
13.7.4. Aircraft Fuzes
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fuzes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fuzes Market: Market Share Analysis
14.2. Fuzes Distributors and Customers
14.3. Fuzes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. L3 Technologies
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Northrop Grumman (Orbital ATK)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kaman
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Expal (Maxam Group)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. JUNGHANS Microtec GmbH
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Action Manufacturing
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Anhui Great Wall Military Industry
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Reutech Fuchs Electronics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DIXI Microtechniques
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sandeep Metalcraft
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Reshef Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Binas d.d. Bugojno
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook