Market Trends of Armored Vehicle Fire Suppression Systems Industry
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.
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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.
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