Armored Vehicle Fire Suppression Systems Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 24.32 Million |
| Market Size (2029) | USD 27.30 Million |
| CAGR (2024 - 2029) | 2.34 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Armored Vehicle Fire Suppression Systems Market Analysis
The Armored Vehicle Fire Suppression Systems Market size is estimated at USD 24.32 million in 2024, and is expected to reach USD 27.30 million by 2029, growing at a CAGR of 2.34% during the forecast period (2024-2029).
Armored vehicles provide crucial protection against a spectrum of threats, from bullets and explosives to fire and chemical agents. In 2023, global military expenditures surged by 6.8% to reach USD 2,443 billion, underlining the escalating demand for armored vehicle fire suppression systems. This uptick in defense spending is compelling governments and military bodies worldwide to channel investments into cutting-edge technologies, emphasizing systems like armored vehicle fire suppression, as geopolitical tensions heighten.
Geopolitical tensions, especially pronounced in regions such as Asia-Pacific, Europe, and the Middle East, are driving a notable uptick in the demand for advanced armored vehicles. These vehicles are pivotal in enhancing the capabilities of ground forces. Consequently, the necessity for fire suppression systems, vital for protecting both passengers and critical onboard systems, has never been more pronounced. However, the landscape is not without its challenges. The substantial R&D investments, coupled with the rapid evolution of weaponry, exemplified by advancements like high explosive anti-tank (HEAT) warheads, are shortening these systems' service life and efficacy, potentially compromising their protective functions. Despite these challenges, the market sentiment remains largely optimistic. This optimism is buoyed by the looming geopolitical threats, which are propelling nations to bolster their defense spending, painting a positive trajectory for the market in the coming years.
Armored Vehicle Fire Suppression Systems Market Trends
Combat Vehicles to Witness Highest Growth
- Armored combat vehicles, like infantry fighting vehicles (IFVs), often feature cramped crew compartments, limiting troop movement and potentially exposing occupants to risks like fire burns or smoke inhalation. While traditional fire suppression systems have been solid-based, recent technological strides have introduced gas-based agents. These newer agents are less corrosive and boast superior oxygen deprivation capabilities, fueling the shift toward gas-based fire suppression systems in armored vehicles.
- With heightened military spending and major nations like the United States, China, Russia, and India ramping up their procurement of armored vehicles, the demand for combat vehicles is set to surge. Many countries, including India, are not just procuring but also focusing on development and upgrades to bolster their military prowess. A prime example is India's unveiling of its indigenous light tank, Zorawar, in July 2024. Crafted for heightened mobility and efficiency in regions like Ladakh, the tank is a collaborative effort between the Indian Defence Research and Development Organisation (DRDO) and Larsen & Toubro (L&T), with L&T leading the integration charge. Similarly, in June 2022, the US Army's contract with General Dynamics Land Systems for the Mobile Protected Firepower program underscores its broader modernization push, which includes the development of future ground vehicles like the Optionally Manned Fighting Vehicle (OMFW).
- Even smaller nations, particularly those in third-world regions, are bolstering their fleets with new armored vehicles. Take Estonia, for instance, which, in October 2023, inked a USD 137 million deal with Otokar for ARMA 4X4 and 6X6 armored personal vehicles slated for delivery between 2024 and 2025. Notably, these vehicles come equipped with automatic fire extinguishing and explosion suppression systems. As the demand for armored vehicles surges, so does the need for associated fire suppression systems, a trend expected to persist through the forecast period.
North America to Dominate the Market
- North American nations rank among the world's leading military spenders, with the United States and Canada at the forefront. The United States has stationed its troops in conflict zones, notably the Middle East, where the prevalent use of rocket-propelled explosives and IEDs poses a grave danger to both armored vehicles and the personnel within. Consequently, there has been a marked uptick in the demand for safety solutions, like fire suppression systems tailored for main battle tanks (MBTs), armored personnel carriers (APCs), and IFVs.
- The rising adoption of advanced sensor systems for fire detection has heightened system complexity and pushed up costs. Ares, a leading producer, has developed fire suppression systems that boast an impressive feat. It can detect fires in under three milliseconds and extinguish them within a mere 250 milliseconds.
- Amidst escalating defense expenditures, the United States actively engages in multiple armored vehicle procurement initiatives. For instance, in March 2024, the US Army granted BAE Systems a substantial USD 754.3 million contract for additional armored multi-purpose vehicles (AMPVs) slated to replace the aging M113 armored personnel carriers. This contract stipulates a projected delivery timeline of February 2027. Having already received 628 AMPVs by the end of fiscal year 2023, the Army has its sights set on acquiring a total of 3,030 units. Furthermore, new armored vehicle programs such as the next-generation combat vehicle (NGCV) are envisioned to drive the demand for fire suppression systems in the region during the forecast period.
Armored Vehicle Fire Suppression Systems Industry Overview
The armored vehicle fire suppression systems market is semi-consolidated in nature, with a few players holding significant shares. Some of the prominent players in the market are N2 Towers Inc., Spectrex (Emerson Electric Co.), Fire Protection Technologies Pty Ltd, Kidde-Deugra Brandschutzsysteme GmbH (RTX Corporation), and Halma PLC.
The stringent safety and regulatory policies in the defense segment are expected to restrict the entry of new players. Since a contract for armored vehicles requires high technological expertise and spans several years, careful identification and continuous monitoring of associative risks are required to be undertaken to assess their effects on the operational parameters of the manufacturing company.
Armored Vehicle Fire Suppression Systems Market Leaders
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N2 Towers Inc.
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Spectrex (Emerson Electric Co.)
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Kidde-Deugra Brandschutzsysteme GmbH (RTX Corporation)
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Fire Protection Technologies Pty Ltd.
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Halma plc
*Disclaimer: Major Players sorted in no particular order
Armored Vehicle Fire Suppression Systems Market News
May 2024: During the DSA 2024 Exhibition in Malaysia, FNSS displayed its latest innovation, the PARS III 6x6 vehicle. This vehicle highlights the TEBER-II 30/40 Remote-Controlled Turret (RCT) and the SANCAK 30 mm Remote-controlled Turret. Notably, the PARS III 6x6 comes with standard automatic fire suppression systems.
February 2024: At WDS 2024 in Saudi Arabia, Otokar revealed its Ural A Tactical Armored Vehicle. The Ural, designed to accommodate a team of eight, including two crew members and six infantrymen, excels in reconnaissance, patrol, and assault missions. Engineered for resilience, it thrives in harsh terrains, boasting advanced safety features like an engine fire suppression system, ensuring its durability in combat.
Armored Vehicle Fire Suppression System Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Vehicle Type
5.1.1 Combat Vehicles
5.1.2 Troop Transport Vehicles
5.1.3 Other Vehicle Types
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 United Kingdom
5.2.2.2 Germany
5.2.2.3 France
5.2.2.4 Russia
5.2.2.5 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 India
5.2.3.3 Japan
5.2.3.4 South Korea
5.2.3.5 Rest of Asia-Pacific
5.2.4 Latin America
5.2.4.1 Brazil
5.2.4.2 Rest of Latin America
5.2.5 Middle East and Africa
5.2.5.1 United Arab Emirates
5.2.5.2 Saudi Arabia
5.2.5.3 Turkey
5.2.5.4 Egypt
5.2.5.5 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Halma PLC
6.1.2 N2 Towers Inc.
6.1.3 Fire Protection Technologies Pty Ltd
6.1.4 Spectrex (Emerson Electric Co.)
6.1.5 Marotta Controls Inc.
6.1.6 Bulldog Direct Protective Systems Inc.
6.1.7 Kidde-Deugra Brandschutzsysteme GmbH (RTX Corporation)
6.1.8 ExploSpot Systems (Pty) Ltd
6.1.9 NERO Industries
6.1.10 Mikro-Pulssi Oy
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Armored Vehicle Fire Suppression Systems Industry Overview
Armored vehicle fire suppression systems are installed onboard military vehicles to control the eruption and spread of fire caused by a variety of factors, including hostile weapon fire, engine malfunction, etc. These systems are designed to suppress the spread of fire before it can damage critical systems while also protecting the passenger cabin from external fire.
The armored vehicle fire suppression systems market is segmented by vehicle type and geography. By vehicle type, the market is segmented into combat vehicles, troop transport vehicles, and other vehicle types. Other vehicles include armored cars and trucks. The report also covers the market sizes and forecasts for the armored vehicle fire suppression systems market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
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Armored Vehicle Fire Suppression System Market Research FAQs
How big is the Armored Vehicle Fire Suppression Systems Market?
The Armored Vehicle Fire Suppression Systems Market size is expected to reach USD 24.32 million in 2024 and grow at a CAGR of 2.34% to reach USD 27.30 million by 2029.
What is the current Armored Vehicle Fire Suppression Systems Market size?
In 2024, the Armored Vehicle Fire Suppression Systems Market size is expected to reach USD 24.32 million.
Who are the key players in Armored Vehicle Fire Suppression Systems Market?
N2 Towers Inc., Spectrex (Emerson Electric Co.), Kidde-Deugra Brandschutzsysteme GmbH (RTX Corporation), Fire Protection Technologies Pty Ltd. and Halma plc are the major companies operating in the Armored Vehicle Fire Suppression Systems Market.
Which is the fastest growing region in Armored Vehicle Fire Suppression Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Armored Vehicle Fire Suppression Systems Market?
In 2024, the North America accounts for the largest market share in Armored Vehicle Fire Suppression Systems Market.
What years does this Armored Vehicle Fire Suppression Systems Market cover, and what was the market size in 2023?
In 2023, the Armored Vehicle Fire Suppression Systems Market size was estimated at USD 23.75 million. The report covers the Armored Vehicle Fire Suppression Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Armored Vehicle Fire Suppression Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Military Vehicle Fire Suppression Systems Industry Report
Statistics for the 2024 Armored Vehicle Fire Suppression Systems market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Armored Vehicle Fire Suppression Systems analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Military Vehicle Fire Suppression Systems Market Report Snapshots
