REMOTE FIRING SYSTEM MARKET TO REACH USD 604.4 MILLION BY 2027 | CAGR 2.7% – FORENCIS RESEARCH

Global Remote Firing System Market: Key Highlights

• According to the new market research report “Remote Firing System Market by Device (Remote Initiation System, Detonator System), by Application (Road Construction, Mining, Military, Construction, Others (Fireworks)), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global Remote Firing System market is estimated to reach USD 604.4 Million by 2027 at a CAGR of around 2.7% during the review period.
•  Remote firing system is a new technology in firing system sector which measure signal strength and impact of each firing position.  
•  Remote firing systems are majorly equipped with blast boxes which are equipped with radio antennas and modems which allows customers to operate non-electric blasts conveniently and remotely from a safe distance.

Global Remote Firing System Market: Key Market Dynamics

• Increasing urban infrastructure development, rising adoption of trading through sea routs, and growing advancement in electronic initiation and detonator system will drive the market during forecast period.
• Moreover, expansion in mining work and department will create new opportunities for the remote firing system market during growth period.
• However, strict government regulations and safety issues related with the employees will create some negative impact on the growth of the market during projected period.

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Global Remote Firing System Market: Regional Overview

• Asia-Pacific

Asia-Pacific is expected to dominate the remote firing system market during forecast period. Australia will drive the market in APAC region due to underground & surface mining activities in the country. Mining infrastructure in Australia is shown below:

Source: IBIS 2018

China and India will grow in faster rate due to smart city projects and increasing building infrastructure.

• North America

North America will have expected to grow at faster rate during projected years due to growing mining market. According to US Department of Energy, the US mining industry produced shipments worth USD 78.65 billion (excluding oil and gas). The US mining industry consists of coal, metals such as iron, copper, or zinc, and industrial minerals such as potash, limestone, and other crushed rocks. Moreover, coal accounts for nearly 50% of electric power generated in the United States and hence it will grow at faster rate during growth rate.

Global Remote Firing System Market: Key Players Overview

• MAS Zengrange Ltd:

MAS Zengrange Ltd. is specializing in design, manufacture and supply of Remote Initiation & Fire Control Systems for the Defense Market. Company operates in two business segments: remote initiation and fire control. Remote initiation supports wide range of military applications including maritime & conventional demolitions, breaching, EOD/C-IEDD, special forces, and battlefield simulations. In 2017, the company launched Mini-DRFD M3.0 remote initiation system with Field Bondable Receivers, Decade Firing, All Fire Feature, Group Swappable Reusable Receivers, and Talk Back Feature.    

• Austin Powder:

Austin Powder is a leader in the manufacture, distribution, and application of industrial explosives for the quarrying, surface mining, underground mining, oil and gas, seismic and construction markets. The company provide various engineering solutions ranging from bulk trucks to Red Devil underground units; emulsion technology to E*STAR detonators; Paradigm software modeling to optimizing blast design.  

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