Remote Firing System Market: Summary
The Global Remote Firing System Market is projected to reach a value of over USD 604.4 Million by 2027 at a CAGR of around 2.7%.
Remote firing system is an advanced technology in the firing system sector to incorporate innovative features and upgrade the existing system. Remote firing systems featuring long range and on-the move high first-round hit against moving targets offer unparalleled performance in the battlefield conditions. Rising urban infrastructure development, increasing adoption of trading through sea routs, and increasing advancement in electric initiation and detonator system will drive the market during projected years. Key players in the remote firing system market are Mas Zengrange, Orica Limited, and Austin Powder among others.
Remote Firing System Market: Drivers & Restraint
- Increasing Infrastructure Development
To create large infrastructure project such as such as tunnels, canals, open excavation for hydro power stations and underground metro stations, a large quantity of soil and rock mass needs to be throw out from the project area. To break or excavate the hard rock mass in such projects. Drilling and blasting are the cheapest methods which are used to excavate the hard rock. Increasing developments in underground metro rail projects and increasing building infrastructure will increase the demand for blasting which directly increases the remote firing system market during forecast period.
- Strict Government Regulation
Due to accurate determination of the bounds of the blast area, clearing employees from the blast area, effective access control, use of adequate blasting shelters, efficient communications, and training, government of each country sets some rules and regulations for blasting. Hence, some product or some manufacturers cannot match the specifications or the fail to meet the regulations stated by the government and incidences happens. Hence strict regulations are applied for blasting shelters and blast area security will expected to restrain the market during projected years.
Remote Firing System Market: Key Segments
- Segmentation based on device: Remote Initiation System and Detonator System
- Segmentation based on application: Road Construction, Mining, Military, Construction, and Others (Fireworks)
- Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.
Remote Firing System Market: Report Scope
The report on the remote firing system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2021-2027 (2021 estimated year, forecasted up to 2027)
Value (USD Million)
Type, Application, and Region
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa
Key Companies Covered
- Mas Zengrange (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Orica Limited
- Austin Powder
- Ideal Supply Inc.
- TAMAR Explosives
- Solar Industries Limited
- Dyno Nobel
- DynITEC GmbH
- MERLIN Electronic Ltd.
- Livewire Pyrotechnic Systems
- Galaxis Showtechnik GmbH
- Other Key Companies
Remote Firing System Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Remote Firing System Market, by Device
- Remote Initiation System
- Detonator System
Remote Firing System Market, by Application
- Road Construction
- Others (Fireworks)
Remote Firing System Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions Answered By The Report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and on the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
- Remote Firing System Market Providers
- Remote Firing System Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Remote Firing System Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE REMOTE FIRING SYSTEM MARKET STUDY