Armored Vehicles Automatic Fire Extinguishing Systems (AFES)

Armored Vehicles Automatic Fire Extinguishing Systems (AFES)

Global Armored Vehicles Automatic Fire Extinguishing Systems (AFES) Market to Reach $98.7 Million by 2027

In the changed post COVID-19 business landscape, the global market for Armored Vehicles Automatic Fire Extinguishing Systems (AFES) estimated at US$81.1 Million in the year 2020, is projected to reach a revised size of US$98.7 Million by 2027, growing at aCAGR of 2.8% over the period 2020-2027. APCs, one of the segments analyzed in the report, is projected to record 3.2% CAGR and reach US$57 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Tanks & Other Fighting Vehicles segment is readjusted to a revised 2.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $23.8 Million, While China is Forecast to Grow at 2.7% CAGR

The Armored Vehicles Automatic Fire Extinguishing Systems (AFES) market in the U.S. is estimated at US$23.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.6 Million by the year 2027 trailing a CAGR of 2.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Select Competitors (Total 14 Featured) -

• 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)

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