Remote Firing Systems Market

Remote Firing Systems Market worth 531.0 Million USD by 2022

According to the new market research report "Remote Firing Systems Market by Initiating Devices (Initiation Systems, Detonators), Application (Mining & Quarrying, Construction, Road Construction, & Military) & Region (North America, Europe, Asia-Pacific, South America, Africa) - Global Forecast to 2022", The remote firing systems market is projected to grow from an estimated USD 469.0 Million in 2017 to USD 531.0 Million by 2022, at a CAGR of 2.51% during the forecast period. New infrastructure development, redevelopment of existing infrastructure, mining & quarrying, and underwater drilling & blasting operations for expanding sea routes and ports are factors expected to drive the remote firing systems market during the forecast period.

Browse 73 Market Data Tables and 23 Figures spread through 113 Pages and in-depth TOC on "Remote Firing Systems Market - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.

Based on initiating device, the detonator segment is estimated to lead the market during the forecast period

Detonators are one-time components in remote firing systems which get destroyed when the explosives are detonated in blasting operations. Detonators contain primary explosives that help in initiating detonation in secondary and tertiary explosives. With the growing dredging, mining, and quarrying activities, the demand for remote firing systems is also expected to increase. As detonators are the prime components in remote firing systems, the growth in mining, quarrying, and blasting operations is expected to drive the detonator segment of the remote firing systems market during the forecast period.

Based on application, the road construction segment is projected to grow at the highest CAGR during the forecast period

As per a UN report, 60% of the world’s population will live in cities by 2030, from 22% in 2016. The number of megacities (population above 10 million) is also expected to grow in the coming years. With increasing population, the infrastructure required for civil transportation and logistics will also increase. As these infrastructure projects involve blasting operations, the remote firing systems market is expected to grow.

The Africa remote firing systems market is projected to grow at the highest CAGR during the forecast period

By region, the remote firing systems market in Africa is estimated to witness the highest CAGR during the forecast period, owing to the vast deposits of unexcavated metals, availability of cheap labor, and the growing interest of mining companies to set up operational facilities in this region. Increasing mining activities and installation of operational facilities by nearly 40% of the global mining companies are expected to drive the Africa remote firing systems market.

Orica Mining Services (Australia), Dyno Nobel (Australia), Solar Industries Limited (India), and Dynitec (Germany) are some of the major players in the remote firing systems market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Remote Firing Systems Market Size,  Share & Growth Report
Report Code
AS 5689
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Remote Firing Systems Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets