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Armored Vehicle Fire Suppression Systems Market

Armored Vehicle Fire Suppression Systems Market by Vehicle Type (Combat Vehicles, Troop Transport Vehicles, Other Vehicle Types), by Platform Type (Wheeled Vehicles, Tracked Vehicles), and Regions | Global Market Forecasts 2022-2028

Report Id: SNS/A&D/1103 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Armored Vehicle Fire Suppression Systems Market Size was valued at USD 21.8 million in 2021 and is expected to reach USD 28.51 million by 2028, and grow at a CAGR of 3.9% over the forecast period 2022-2028.

A fire suppression system for armored vehicles is intended to keep a fire from spreading. It extinguishes fires by applying an external chemical after detecting a fire or sounding a fire alarm. Due to increased defense expenditure and developments in defense technology, the worldwide armored vehicle fire suppression systems market has experienced rapid growth in recent years. However, environmental issues raised by the fire suppression compounds employed in these systems are projected to limit market expansion to some extent.

Armored Vehicle Fire Suppression Systems Market 2028

MARKET DYNAMICS:

KEY DRIVERS:

  • Growing defense expenditure

  • Global economic crisis

RESTRAINTS:

  • Environmental concerns

  • High compatibility

OPPORTUNITIES:

  • Increasing Demand of Cutting-Edge Fire Detection

  • Enhancing electronics

  • Innovation

CHALLENGES:

  • This section is included in the final report.

THE IMPACT OF COVID-19

The impact of the COVID-19 epidemic on the global fire truck systems market has been moderate to moderate, depending on the economy. By 2022, the income and expenditure of the world's largest military forces have increased even after the GDP decline due to the COVID epidemic and its impact on global economic growth. According to the Stockholm International Peace Research Institute (SIPRI), major spending spans in the US-China, China, India, Russia, and the UK― alone accounted for 62% of global military spending by 2022. Some countries, including South Korea, as well as Chile, have redistributed part of their military budget to deal with the epidemic, while others, including Russia and Brazil, have decided to continue reducing military spending. Overall, the impact of the epidemic has almost diminished the military and the need for firefighting programs.

By Vehicle Type:

The global armored vehicle fire suppression systems market is divided into combat vehicles, troop transport vehicles, and others. Because combat vehicles are equipped with explosives, they must be protected from fire to avoid damage. As a result, the military has focused on improving combat vehicle damage protection against fire. As a result, demand for fire suppression systems in these vehicles is increasing, fueling the rise in demand for combat vehicle fire suppression systems in the vehicle type segment throughout the projection timeline.

By Platform Type:

The global market for aviation armored vehicle fire suppression systems is divided into two segments: wheeled vehicles and tracked vehicles. During the projected period, the wheeled vehicles segment is expected to dominate the market for fire suppression systems. This expansion can be attributed to the desire for wheeled platforms in armored vehicles. There are various factors that favor wheeled platforms over tracked ones, including speed, stealth, on-road mobility, maintenance costs, and fatigue, making them ideal for troop and weaponry and explosives delivery. Tracked vehicles have several advantages over wheeled vehicles, including superior off-road mobility and warfare survival. As a result, the segment of wheeled vehicles is expected to dominate the global market throughout the forecast period.

Competitive Landscape:

The global armored vehicle fire suppression systems market is predicted to grow significantly in the future years as military spending increases in key nations throughout the world and defense technology advances. The presence of various worldwide and regional vendors distinguishes the global armored vehicle fire suppression systems market. The worldwide market is extremely competitive, with all firms attempting to achieve the greatest possible market share. The primary variables influencing the global market growth include frequent changes in government policies, fierce rivalry, and government restrictions. The vendors compete on price, product quality, and dependability.

The Key Market Player

Fire Protection Technologies Pty Ltd., Spectrex Inc., Halma plc, N2 Towers Inc., Marotta Controls Inc., Nero Industries, ExploSpot Systems Pty Ltd, Mikro-Pulssi Oy, Bulldog Direct Protective Systems, Kidde-Deugra Brandschutzsysteme GmbH, and other.

Key Market Segment:

by Vehicle Type

  • Combat Vehicles

  • Troop Transport Vehicles

  • Other Vehicle Types

by Platform Type

  • Wheeled Vehicles

  • Tracked Vehicles

Armored Vehicle Fire Suppression Systems Market 2028

Regional Analysis:

Strong US Costs of US Military Expected to Help North America Rule the World Market Over the past decade, North America has seen strong growth in demand for firefighting firearms systems and is expected to continue to dominate the global market at the time of forecasting. The United States has contributed to this strong growth in the North American automotive fire extinguishing market, which could account for the country's largest military use. costs and income. In addition to being the world's largest military exporter, the country is also home to some of the world's leading defense contractors, making it a leading market for firefighting firearms systems.

The U.S. military has invested heavily in the design and development of firefighting systems for its military vehicles and military transport. World military spending alone accounts for 40% of global military expenditure by 2022. Therefore, as the US invests more in R&D and modernization of its combat vehicles, the North American automotive compression systems market is projected to record strong growth during the forecast period. The Asia-Pacific armored vehicle fire suppression systems market is expected to develop at the quickest rate, owing to increased military spending by the region's main economies. The region is the world's largest and most diversified, with major established and rising economies. China, Oceania, Northeast Asia, Southeast Asia, and South Asia are the five subregions of the region. These sub-regions are distinguished by their distinct market dynamics. China is the market leader in Asia-Pacific armored vehicle fire suppression systems.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Armored Vehicle Fire Suppression Systems Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 21.8 Billion
Market Size by 2028 US$ 28.51 Billion
CAGR CAGR of 3.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Vehicle Type (Combat Vehicles, Troop Transport Vehicles, Other Vehicle Types)
• by Platform Type (Wheeled Vehicles, Tracked Vehicles)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Fire Protection Technologies Pty Ltd., Spectrex Inc., Halma plc, N2 Towers Inc., Marotta Controls Inc., Nero Industries, ExploSpot Systems Pty Ltd, Mikro-Pulssi Oy, Bulldog Direct Protective Systems, Kidde-Deugra Brandschutzsysteme GmbH, and other.
Key Drivers • Growing defense expenditure
• Global economic crisis
RESTRAINTS • Environmental concerns
• High compatibility


Frequently Asked Questions (FAQ) :


Table of Contents


1. Introduction
1.1 Market Definition 
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine Russia War
 
5. Value Chain Analysis
 
6. Porter’s 5 forces model
 
7. PEST Analysis

8. Global Armored Vehicle Fire Suppression Systems Market, by Vehicle Type
8.1 Combat Vehicles
8.2 Troop Transport Vehicles
8.3 Other Vehicle Types

9. Global Armored Vehicle Fire Suppression Systems Market, by Platform Type
9.1 Wheeled Vehicles
9.2 Tracked Vehicles

10. Regional Analysis

11. Company Profiles
11.1 Fire Protection Technologies Pty Ltd. 
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view

11.2 Spectrex Inc. 
11.3 Halma plc 
11.4 N2 Towers Inc. 
11.5 Marotta Controls Inc. 
11.6 Bulldog Direct Protective Systems 
11.7 Nero Industries 
11.8 Mikro-Pulssi Oy 
11.9 Kidde-Deugra Brandschutzsysteme GmbH 
11.10 ExploSpot Systems Pty Ltd 

12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments

13. Conclusion
 

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Secondary Research

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