Dublin, Jan. 28, 2025 (GLOBE NEWSWIRE) -- The "Armored Vehicles Automatic Fire Extinguishing Systems (AFES) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Armored Vehicles Automatic Fire Extinguishing Systems (AFES) was valued at US$101.8 million in 2024 and is projected to reach US$121.7 million by 2030, growing at a CAGR of 3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the armored vehicles AFES market is driven by several factors that are closely tied to technological advancements, increasing defense expenditures, and the evolving nature of global conflicts.
Firstly, the rise in asymmetric warfare and the growing use of improvised explosive devices (IEDs) have heightened the need for advanced fire protection systems in armored vehicles, propelling demand for cutting-edge AFES solutions. Secondly, advancements in sensor technology and the integration of AI into fire suppression systems are expanding the capabilities of AFES, making them more effective and easier to integrate into modern armored platforms. Thirdly, the push for more versatile and modular armored vehicles is driving the adoption of AFES systems that can be easily customized and upgraded to meet specific mission requirements. Additionally, the increasing focus on the safety of military personnel, coupled with rising defense budgets in key regions, is leading to greater investment in advanced AFES technologies.
These factors, combined with the expanding use of armored vehicles in non-military sectors such as law enforcement and private security, are fueling robust growth in the AFES market, ensuring that these systems remain a critical element in the protection and effectiveness of armored vehicles worldwide.
Scope of the Study
The report analyzes the Armored Vehicles Automatic Fire Extinguishing Systems (AFES) market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.
Segments
Platform (APCs, Tanks & Other Fighting Vehicles).
Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the APCs segment, which is expected to reach US$70.5 Million by 2030 with a CAGR of a 3.3%. The Tanks & Other Fighting Vehicles segment is also set to grow at 2.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $27.6 Million in 2024, and China, forecasted to grow at an impressive 2.8% CAGR to reach $19.3 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bulldog Direct Protective Systems, Inc., Fire Protection Technologies, General Dynamics Corporation, Halma PLC, Marotta Controls, Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Armored Vehicles Automatic Fire Extinguishing Systems (AFES) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 14 companies featured in this Armored Vehicles Automatic Fire Extinguishing Systems (AFES) market report include:
- Bulldog Direct Protective Systems, Inc.
- Fire Protection Technologies
- General Dynamics Corporation
- Halma PLC
- Marotta Controls, Inc.
- N2 Towers Inc.
- Spectrex, Inc.
- United Technologies Corporation (UTC)
Key Attributes
| Report Attribute | Details |
| No. of Pages | 232 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $101.8 Million |
| Forecasted Market Value (USD) by 2030 | $121.7 Million |
| Compound Annual Growth Rate | 3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Armored Vehicles Automatic Fire Extinguishing Systems (AFES) - Global Key Competitors Percentage Market Share in 2024
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024
- Global Economic Update
MARKET TRENDS & DRIVERS
- Rising Focus on Crew Safety in Combat Vehicles Spurs Demand for Advanced AFES
- Increasing Adoption of AFES in Lightweight Armored Vehicles Expands Market Opportunities
- Advancements in Sensor Technology Drive the Development of More Responsive AFES
- Growing Defense Budgets Propel Investments in Modern Fire Suppression Systems for Armored Vehicles
- Expansion of Urban Warfare Scenarios Strengthens Business Case for Enhanced AFES
- Rising Concerns Over Electrical Fires in Modern Combat Vehicles Propel AFES Market Growth
- Increasing Demand for Retrofit Solutions in Legacy Vehicles Expands Addressable Market for AFES
- Advancements in Compact and Lightweight Fire Suppression Systems Drive Adoption in Armored Vehicles
- Expansion of AFES into Non-Military Armored Vehicles Opens New Market Niches
- Rising Incidence of Fire-Related Casualties in Combat Zones Drives Adoption of Advanced AFES
- Increasing Use of Simulation and Testing Technologies Enhances AFES Effectiveness and Reliability
For more information about this report visit https://www.researchandmarkets.com/r/mfidoj
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