Global Armored Vehicles Automatic Fire Extinguishing Systems (AFES) Market to Reach $88.5 Million by 2026

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Sep 01, 2021, 11:23 ET

SAN FRANCISCO, Sept. 1, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Armored Vehicles Automatic Fire Extinguishing Systems (AFES) - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Armored Vehicles Automatic Fire Extinguishing Systems (AFES) Market

FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 439
Companies: 14 - Players covered 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) and Others.
Coverage: All major geographies and key segments
Segments: Segment (AFES for APCs, AFES for Tanks & Other Fighting Vehicles)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Armored Vehicles Automatic Fire Extinguishing Systems (AFES) Market to Reach $88.5 Million by 2026
Amid the COVID-19 crisis, the global market for Armored Vehicles Automatic Fire Extinguishing Systems (AFES) estimated at US$70.5 Million in the year 2020, is projected to reach a revised size of US$88.5 Million by 2026, growing at a CAGR of 3.8% over the analysis period. AFES for APCs, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$52.5 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the AFES for Tanks & Other Fighting Vehicles segment is readjusted to a revised 3.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $21.7 Million in 2021, While China is Forecast to Reach $15.7 Million by 2026
The Armored Vehicles Automatic Fire Extinguishing Systems (AFES) market in the U.S. is estimated at US$21.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.7 Million by the year 2026 trailing a CAGR of 3.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. More

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CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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