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Mechanical and Electronic Fuzes Market Expands to Remarkable Size US$ 1,991.47 Mn By 2030

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New York, June 21, 2023 (GLOBE NEWSWIRE) — As per the research report “Global Mechanical & Electronic Fuzes Market” published by Consegic Business Intelligence, the market was worth USD 1,472.79 Million in 2022 and is anticipated to reach over USD 1,991.47 Million by the year 2030, growing at a CAGR of 4.1%.

Fuze is a device used in explosives and ammunition to initiate the detonation or functioning at the desired time and under specific conditions. There are two common types of fuzes: mechanical fuze and electronic fuze. A mechanical fuze relies on mechanical principles and physical forces to initiate the detonation sequence. The mechanical fuze usually consists of a combination of springs, levers, and other mechanical components. Moreover, the electronic fuze incorporates electronic components and circuitry to control the timing and initiation of the explosive device. The electronic fuze relies on electrical signals and sensors to detect and respond to the desired conditions for detonation.

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The rising geopolitical conflicts is resulting in increased defense expenditure which in turn drives the demand for mechanical and electronic fuzes. One of the major rising conflicts is the instability in the South China Sea where countries including China, Vietnam, Philippines, and Malaysia are competing for territorial claims. The territorial dispute in the region is resulting in the increased military expenditure in the aforementioned countries of the region. For instance, according to World Bank the defense budget of China rose from USD 232.5 billion in 2018 to USD 293.5 billion in 2021. The rising defense budget of China is resulting in increased investment in a wide range of military equipment including rockets, missiles, and mines among others.

Additionally, the growing mining & construction industry is further propelling the market growth of the mechanical and electronic fuzes. The mining industry uses mechanical and electronic fuzes for controlling the detonation process.  Thus, growing demand for mechanical and electronic fuzes in the defense, mining and construction industry is boosting the market growth.

Report Attributes Report Details
Market Size By 2030  USD 1,991.47 Million
Forecast Period 2023-2030
CAGR (2023-2030) 4.1%
Base Year 2022
Study Timeline 2017-2030
Key Players L3 Technologies, Reshef Technologies, Kaman Corporation, Expal, JUNGHANS Microtec GmbH, Fuchs Electronics, DIXI Microtechniques, Anhui Great Wall Military Industry, Sandeep Metalcraft, Action Manufacturing Company, Inc.
By Type Mortars Fuzes, Artillery Fuzes, Rocket & Missile Fuzes, Mines Fuzes, and Others
By Tactical Application Air-to-Air, Air-to-Ground, Ground-to-Air, and Ground-to-Ground
By End User Military & Defense, Mining & Demolition, and Others
Report Coverage Company Ranking and Market Share, Growth Factors, Total Revenue Forecast, Regional Competitive Landscape, Business Strategies, and more
By Region North America, Europe, Asia-Pacific, Latin America, Middle East & Africa


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Mechanical & Electronic Fuzes Market Growth Drivers:

  • Rising geopolitical tension is resulting in regional instability which in turn drives the demand for mechanical and electronic fuzes
  • Growing mining & demolition industry is driving the demand for mechanical and electronic fuzes

Restraints

  • Stringent regulatory requirements

Opportunities

  • Increased spending on modernization and upgradation of defense equipment

Global Mechanical & Electronic Fuzes Market Segmentation Details:

Based on Type, the mortar fuzes segment accounted for the maximum revenue share in the year 2022. The increasing demand for mortar in close combat is driving the market growth of mortar fuzes. The fuzes play an important role in close combat operations by neutralizing threats and providing support to the forces. Further, mortars are a crucial component of indirect fire support in military operations.

Based on the Tactical Application, the ground-to-ground segment accounted for the maximum revenue share in the year 2022. The ground-to-ground system includes a wide range of military equipment including rockets, mines, artillery, and mortars among others. The equipment relies on fuzes for proximity detonation and time delayed detonations. Further, the fuzes are utilized in artillery shells, mortar rounds, surface to surface missiles and other ground launched ordnance.

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Based on End User, the military & defense segment contributed the largest shares to the market growth in 2022. The growing expenditure on military & defense globally is driving the demand for mechanical and electronic fuzes. Further, growing geopolitical conflicts including Russia-Ukraine conflict, South China Sea conflict, and Israel-Palestine conflict among others are resulting in increased defense expenditure. The defense industry uses mechanical and electronic fuzes for a wide range of applications including mortar, rocket, missiles, and mines among others. Thus, the growing expenditure on defense equipment is resulting in growth of the mechanical and electronic fuzes market.

Based on Region, The North America region accounted for the largest revenue share in the year 2022. The growth aerospace & defense industry in the region is spurring the market growth of mechanical & electronic fuzes. The aerospace industry uses mechanical fuzes in air-to-air missiles to arm and detonate warheads. Further, the fuses are used in rocket propelled grenades to trigger the explosion when warhead strikes the target. Thus, growth in aerospace & defense industry in North America is driving the demand for mechanical and electronic fuzes.

Key Market Highlights

  • Globally, Mechanical & Electronic Fuzes Market is divided based on the type into mortars fuzes, artillery fuzes, rocket & missile fuzes, mines fuzes, and others.
  •  In the context of tactical application, the market is separated into air-to-air, air-to-ground, ground-to-air, and ground-to-ground.
  • Based on end user, the market is separated into military & defense, mining & demolition, and others.
  • The market is geographically divided into five regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
  • Asia Pacific and North America are estimated to support market growth during the forecast period in terms of the large presence of market players combined with high expenditures on technological advancements in Mechanical & Electronic Fuzes Market.

Recent Developments

  • In August 2021, Kaman Corporation announced the order of Joint Programmable Fuze (JPF) contract worth USD 43 Million with the U.S. Air Force (USAF)
  • In October 2021, Fuchs Electronics (Pty) Ltd a member of Reunert Group announced the amalgamation of DoppTech (Pty) Ltd into the Electronic fuze fold.  DoppTech’s focusses on design and development of technology for medium caliber fuzes (prominently 40mm fuze).

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List of Major Global Mechanical & Electronic Fuzes Market Players

The market research report examines various market factors to determine the key drivers, limitations, and opportunities affecting market players. The report includes a SWOT analysis, regional analysis, and segment analysis to give a complete view of the market situation. This evaluation helps to identify possible growth opportunities through the implementation of technology, product utilization, business strategies, and the launch of new products. The following are major market players operating in the market environment —

  • Reshef Technologies
  • L3 Technologies
  • Kaman Corporation
  • Expal
  • JUNGHANS Microtec GmbH
  • Fuchs Electronics
  • DIXI Microtechniques
  • Anhui Great Wall Military Industry
  • Sandeep Metalcraft
  • Action Manufacturing Company, Inc.

Global Mechanical & Electronic Fuzes Market Segmentation: 

  • Mortars Fuzes
  • Artillery Fuzes
  • Rocket & Missile Fuzes
  • Mines Fuzes
  • Others
  • By Tactical Application
  • Air-to-Air
  • Air-to-Ground
  • Ground-to-Air
  • Ground-to-Ground
  • By End User
    • Military & Defense
    • Mining & Demolition
    • Others

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Key Questions Covered in the Mechanical & Electronic Fuzes Market Report

  • What are mechanical & electronic fuzes?

– Mechanical & electronic fuzes are devices that are used to ensure that the explosive device detonates at the desired moment, maximizing the effectiveness while minimizing the risk of accidental detonation.

  • What are some of the most important applications of deck machinery and how do they impact the industry’s growth potential?

– Mechanical and electronic fuzes such as mortars fuzes, artillery fuzes, rocket & missile fuzes, and mines fuzes are essential for cotrilling the detonation of warheads and are widely used in industries including military & defense and mining.

  • Based on current market trends and future predictions, which geographical region will have the largest impact on the wind turbine pitch system market’s growth in the coming years?

– North America accounted for the largest revenue share in the year 2022. The growing investment in research & development of fuzes and presence of a large military & defense industry in the region is spurring the market growth.

  • Which region/country is anticipated to witness the highest CAGR during the forecast period, 2023-2030?

– Asia Pacific is anticipated to register the fastest CAGR growth during the forecast period. The growing expenditure on military & defense, mining and construction are driving the market growth in the region.

Our Other Research Reports here:-

Bovine Colostrum Market Analysis | Size, Trends 2023 – 2030

Crawler Cranes Market Analysis | Size, Trends 2023 – 2030

Artificial Tears Market Analysis | Size, Trends 2023 – 2030

Reusable Respirators Market Analysis | Size, Trends 2023 – 2030

Inorganic Zinc Chemicals Market Analysis | Size, Trends 2023 – 2030

About Consegic Business Intelligence Pvt Ltd

Consegic Business Intelligence Pvt Ltd. is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domains. The industry provides consulting services, syndicated research reports, and customized research reports.

Topnotch research organizations and institutions to comprehend the regional and global commercial status use the data produced by Consegic Business Intelligence Pvt Ltd. Our reports comprise in-depth analytical and statistical analysis on various industries in foremost countries around the globe.

Press Releases:- https://www.consegicbusinessintelligence.com/press-release/mechanical-and-electronic-fuzes-market 

Contact:

Consegic Business intelligence Pvt Ltd

Contact no.: (US) (505) 715-4344

Email: [email protected] 

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Artificial Intelligence

Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website

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8 hours ago

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May 11, 2024

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LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.

“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”
The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.
With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
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WIO Taps Gracenote to Revolutionize Television Broadcast Reporting

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1 day ago

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May 11, 2024

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LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.

By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.
“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.
“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”
WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.
About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.
About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.
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IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility

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May 10, 2024

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BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.

Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.
Augmenting autonomous vehicles with printed electronics
As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.
Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.
IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.
Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.
Printed sensors promise granularized battery health monitoring
Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.
Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.
There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.
Embedding printed electronics in the car of the future
IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.
Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.
Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.
Outlook for printed electronics in automotive applications
Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.
Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.
For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.
For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 
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