Global Remote Firing Systems Market Size By Initiating Device (Initiation and Detonate), By Application (Construction, Mining and Quarrying, Road Construction), By Geography Scope And Forecast
Global Remote Firing Systems Market Size By Initiating Device (Initiation and Detonate), By Application (Construction, Mining and Quarrying, Road Construction), By Geography Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Remote Firing Systems Market Size By Initiating Device (Initiation and Detonate), By Application (Construction, Mining and Quarrying, Road Construction), By Geography Scope And Forecast
Remote Firing Systems Market Size And Forecast
Remote Firing Systems Market size was worth USD 500 Million and is predicted to stay at USD 600 Million by 2030, reporting a decent rate of 2.5 % from 2024 to 2030.
Factors such as increasing spending on infrastructure development, revamping existing infrastructure, and growing construction around the world are supporting the growth of the global Remote Firing Systems Market. Also, increasing activities like underwater drilling and blasting to develop waterways and ports will help the market during the forecast period. The rising focus on city and country development with advanced infrastructure propels the market’s growth. The Global Remote Firing Systems Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Remote Firing Systems Market Definition
A Remote Firing Systems can be understood as an advanced technology introduced for developing new infrastructure and the upgradation of existing systems. The system includes four firing optionsmanual, step, sequence, and scripted. Features like link quality are merged with a remote firing module, which enables signal measuring strength of each firing position. The Remote Firing Systems also features long-range and on-the-move first-round hits against moving targets. It offers unmatching performance on the battlefield as well. These systems are primarily equipped with blast boxes that are further connected with radio antennas and modems.
This allows operators to operate non-electric blasts remotely at a safer distance or at the chosen point. However, the system can also be connected to wireless remote firing that combines repeater devices and helps in extending the actual firing and blast area. Recent developments in the mining industry, such as managing several blasts remotely, will significantly benefit the market. The application of Remote Firing Systems includes construction, mining, defense, and others. Remote Firing Systems have various types also, such as computer-controlled, supercapacitors, wireless connection, GPS timing, and waterproof design. The global Remote Firing Systems Market is gaining traction due to increased scope.
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Global Remote Firing Systems Market Overview
The increasing demand for worker safety to avoid workplace accidents and more advanced remote firing are the significant factors boosting the growth of the global Remote Firing Systems Market. Moreover, the rising need for long cues and increasing events may fuel the market’s growth. Furthermore, the reduction of long cables and wires owing to the Remote Firing Systems, the reduction in working hours, and the emergence of a parallel-operated radio system that helps avoid accidental firing is bolstering the growth of the global Remote Firing Systems Market. The increasing trading activities by sea have given rise to expanding the sea route for better operations, ultimately enhancing the use of Remote Firing Systems.
Additionally, the rising urbanization and construction activities worldwide are also contributing majorly to the expansion of the global Remote Firing Systems Market. The need for civil transportation, logistics, and other infrastructure development is anticipated to involve blasting operations which is likely to support the market. However, various guidelines and policies have been introduced by governments for the manufacturing and use of Remote Firing Systems, which is leading to hampering the growth of the market. Possibilities of bans and service restrictions due to firing accidents could also limit the market’s growth.
Global Remote Firing Systems MarketSegmentation Analysis
The Global Remote Firing Systems Market is segmented on the basis of Initiating Device, Application, and Geography.
Remote Firing Systems Market, By Initiating Device
Initiation System
Detonator
Based on the Initiating Device, The Global Remote Firing Systems Market is bifurcated into Initiation and Detonate. The detonator category is anticipated to have the maximum growth rate during the anticipated time frame. The growth could result from rising underground and mining activities, and increased investment in emerging countries will contribute to the development of this segment.
Remote Firing Systems Market, By Application
Construction
Mining & Quarrying activities
Road construction
Military
Based on the Application, The Global Remote Firing Systems Market is segmented into Construction, Mining and Quarrying, Road Construction, and Military. The mining and quarrying segment is expected to grow significantly during the forecast period. Increased mining activities in countries like India and China are the main reason behind the growth.
Remote Firing Systems Market, By Geography
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Based on Geography, The global Remote Firing Systems Market is divided into North America, the Middle East, Asia Pacific, Europe and Africa, and Latin America. Asia Pacific is estimated to grow at a faster pace during the projected timeline owing to the increased sales and increased mining activities in countries.
Key Players
The Global Remote Firing Systems Market report also offers clear insights into the competitive landscape and the leading players in the Global Remote Fire System Market. The leading players in Global Remote Firing Systems Market are Solar Group, Orica Limited, Austin Powder, Dyno Nobel, Dynitec, Tamar Explosives, Detnet, Blasterone, and others. Our market evaluation also includes a specially dedicated sector for major players. Our analysts offer a transparent view of the financial statements of all the key players, along with product benchmarking and SWOT analysis.
Key Developments
In March 2023, Orica Limited successfully launched a modernized used oil recycling service enabling used oils from mining sites to manufacture quality emulsion for bulk explosives.
In August 2022, Austin Powder, a leading industrial explosives manufacturer, unveiled that they had fired a record blast using their E*Star Electronic Blasting System Remote. The blast took place at a giant coal mine in Queensland, Australia.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Remote Fire System Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Remote Fire System Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Solar Group, Orica Limited, Austin Powder, Dyno Nobel, Dynitec, Tamar Explosives, Detnet, Blasterone, and others.Â
SEGMENTS COVERED
By Initiating Device
By Application
By Geography
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
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Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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