Armored Vehicle Fire Suppression Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The Armored Vehicle Fire Suppression Systems Market is forecasted to grow at a CAGR of more than 4% during the forecast period (2021-2030).

COVID-19 has deleteriously affected the defense supply chain, which has usually been resilient to global trade shocks. The existing practice of protectionism has increased the transaction costs, making previously established arrangements uneconomical. In some cases, specific trade sanctions have made it impossible for producers to maintain relationships with suppliers, especially for high technology goods. The trade obstacles were escalated by COVID-19 and the production schedules for several military equipment have already been disrupted. The COVID-19 pandemic could also influence regional capability planning as strategic priorities change and societal resilience and non-military threats become higher priorities. Furthermore, defense firms using multi-sourced components may consider that it is in their interests to reduce reliance on components from other regions due to the potential of similar supply chain disruptions. In addition, a potential move to reduce dependency on international suppliers could increase supply chain costs for system manufacturers and integrators alike.

Despite the significant impact of the COVID-19 pandemic on the economy, the market for armored fighting vehicles remained unaffected, as the procurement projects were on track and the sales and revenues of armored vehicles increased steadily for the manufacturing companies. The escalating geopolitical rift in regions such as Asia-Pacific, Europe, and the Middle-East has been generating demand for new armored vehicles to enhance the current capabilities of the ground forces. This, in turn, has created a parallel demand for fire suppression systems to mitigate the damage and threat to both passengers and critical systems. However, the high R&D costs associated with the systems and the fast pace of evolution of new weaponry such as high explosive anti-tank (HEAT) warheads lower the effective service life and efficacy of such systems, rendering them incapable of providing optimal protection.

Scope of the Report

Armored Vehicle Fire Suppression Systems are installed onboard military vehicles to control the eruption and spread of fire caused due to a variety of factors including hostile weapon fire, engine malfunction, etc. These systems are designed to suppress the spread of fire before they 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, Other Vehicle Types; and by Geography into North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa. Other Vehicle Types include supporting vehicles used by the global armed forces on the battlefield.

The report also covers the market sizes and forecasts for the Armored Fire Suppression Systems Market across major regions. For each segment, the market sizing and forecasts have been done based on value (USD million).

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Key Market Trends

Combat Vehicles to Witness Highest Growth During the Forecast Period

The crew compartment in armored combat vehicles such as infantry fighting vehicles (IFVs) provides limited space for the body movement of troops. This escalates a hazardous situation wherein the occupants may be subjected to lethal fire burn or suffocation due to smoke inhalation. Most current fire suppression systems are solid-based, however, the recent advancements in technology, such as the introduction of gas-based suppression agents that are less corrosive and have high oxygen deprivation capability, have driven the adoption of gas-based armored vehicles fire suppression systems.

Most countries have undertaken armored vehicle procurement or upgrade plans to modernize and enhance their military prowess. Even smaller countries based in third-world regions are also inducting new armored vehicles into active service. For instance, in October 2021, the Uganda People’s Defence Force (UPDF) commissioned the locally manufactured Chui IFV into active service. The Chui variant is being built in Uganda under a technology transfer agreement to further contribute to the growth of the country’s defense industry. The different variants of the Chui include a mortar platform, recoilless gun platform, and battlefield ambulance. The various configurations necessitate the installation of a multi-faceted fire suppression system based on the type of situations the platform is expected to operate in. Thus, with the demand for armored vehicles on the rise, the subsequent requirement for fire suppression system/components for both linefit and retrofit operations are also anticipated to increase during the forecast period.

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