PUBLISHER: Market Forecast | PRODUCT CODE: 1594713
PUBLISHER: Market Forecast | PRODUCT CODE: 1594713
Fuzes are the "brain" of munitions enabling a set of capabilities ranging from point detonation, point detonation delay, airburst or course correction. As threats continually evolve, so do all the platforms, weapon systems and sensors, with one goal; to tackle those threats.
Recent lessons learned from the war in Syria, Nagorno-Karabakh, Ukraine, the Middle East and elsewhere, show how the proliferation of unmanned aerial systems can wreak havoc on armoured forces or major naval platforms or infrastructure in general. Since the 2014 invasion of Crimea and the pivot to APAC, western forces have gradually shifted towards forces that would be better prepared to counter near peer threats, bringing back tactics and equipment that was available during the Cold War.
But the wide variety of threats, with commercial-off-the-shelf equipment such as drones or fast-moving unmanned surface vessels, has enriched the capabilities of opposing forces, whether they are state or non-state actors. Therefore, multi-role platforms or platforms that will integrate a wide range of capabilities are coming back to the scene. VSHORAD systems featuring jammers, missiles and guns with programmable ammunition for the protection of ground forces against manned and unmanned threats, weapon systems aboard naval vessels with fuze programming capability are becoming a new reality at a period where maximisation of the return of investment is a key aspect.
Fuzes also allow munition to be guided precisely towards a target and detonate the moment that will maximise the effect on the target or minimize collateral damage. The capabilities are extensive and that is only feasible with the use of fuzes.
While from an industrial production aspect the fuzes market is less prone to delays, such as the munitions one, the fact that it is a complementary market will show the path for its growth. The current situation, as shaped by the wars in Ukraine and the Middle East, resulting in high demand for munitions for the war effort and the replenishment of the inventories, will provide a boost for the fuzes market as well. Since the North American and European regions are leading the effort to support Ukraine, they will capture the largest share of the market throughout the forecasted period.
The market is segmented by Region, Type, Calibre, and Guidance:
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