Global Armored Vehicles Automatic Fire Extinguishing Systems Market to Grow at a CAGR of 4.03% to 2021

MarketResearchNest.com adds “Global Armored Vehicles Automatic Fire Extinguishing Systems Market 2017-2021” new report to its research database. The report spread across 61 pages with table and figures in it.

Research analysts forecast the global armored vehicles automatic fire extinguishing systems market to grow at a CAGR of 4.03% during the period 2017-2021.

About Armored Vehicles Automatic Fire Extinguishing Systems
An automatic fire extinguishing systems (AFES) is used in military ground vehicles to protect the crew from hazards such as improvised explosive device (IED) threats and fuel explosions. Military ground vehicles include land combat and transportation vehicles that are used by ground forces for a wide range of operations. These include active combat missions as well as transportation of cargo, ammunition, equipment, and military personnel. These ground vehicles are currently being used in large numbers by military forces around the world, and nations are investing heavily in the development and procurement of advanced variants of these vehicles.

Covered in this report
The report covers the present scenario and the growth prospects of the global armored vehicles automatic fire extinguishing systems market for 2017-2021. To calculate the market size, the report considers the new procurements, developments, and installations as well as retrofit and replacement product market.
Browse full table of contents and data tables at https://www.marketresearchnest.com/Global-Armored-Vehicles-Automatic-Fire-Extinguishing-Systems-AFES-Market-2017-2021.html

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio’s report, Global Armored Vehicles Automatic Fire Extinguishing Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio Announces the Publication of its Research Report – Global Armored Vehicles Automatic Fire Extinguishing Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global armored vehicles automatic fire extinguishing systems market: Bulldog Direct, Halma, N2 TOWERS, UNITED TECHNOLOGIES, and Spectrex.

Other Prominent Vendors in the market are: Fire Protection Technologies, General Dynamics, and Marotta Control.

Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Emergence of aqueous-based AFES. The currently used AFES for military vehicles are designed to respond quickly to internal fires and minimize crew injury by displacing oxygen from the crew compartment. The protection provided by these systems is short term, and they use fire extinguishing agents that release toxic by-products.”

 

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According to the report, one of the major drivers for this market is Growing number of military vehicle modernization programs. Several existing military platforms have been deployed on the field for an extended time and need upgrading of associated weapons and support systems. As replacing the complete fleet of vehicles is expensive, countries opt for the integration of advanced systems in the existing ones. The focus of these modernizations is to increase the survivability of the soldiers and vehicles, and therefore, they also involve the integration of advanced AFES solutions.

Further, the report states that one of the major factors hindering the growth of this market is Product development failures. At the testing stage, multiple products fail to render the adequate protection required. Also, redesigning the product is a time-consuming process. For instance, the US Army operates the M109A6 Paladin howitzers across many battlefields; however, these do not possess any AFES. In 2015, the Army planned to upgrade the M109A6 vehicles into M109A7 models, at the cost of $8 billion, to improve the design and protection systems of the tanks. The M109A7 upgrades included an AFES subcomponent that had involved time-consuming redesigning of the old M109A6 models. However, the AFES in the upgraded M109A7 vehicle did not protect the entire crew compartment during a fire survivability test, making the M109A7 vehicles a failure even after large investments of time and money.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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