Lewes, DE -- (SBWIRE) -- 03/08/2016 -- Report forecast the global armored vehicle AFES market to grow at a CAGR of 5.05% during the period 2016-2020.

In the defense sector, automatic fire extinguishing systems (AFES) are used in armored vehicles to protect the crew from hazards such as improvised explosive device (IED) threats and fuel explosions. They preserve the cabin and engine compartment of the vehicle with the help of sensors, which detects and suppresses fire using extinguishing agents. The US Army initially used AFES in its M1 Abrams main battle tank.

The report covers the present scenario and the growth prospects of the global armored vehicles automatic fire extinguishing systems (AFES) market for 2016-2020. It provides a global overview, market shares, and segmentation by vehicle types.

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

According to the report, global military forces are focusing on modernizing and upgrading their fleet of vehicles. Upgrading of military vehicles with vetronics and automatic fire suppression systems has provided military forces with improved crew survivability, easy navigation, enhanced surveillance performance, better communication between vehicles, and upgraded implementation of advanced weapon systems.

Further, the report states that the reduction in the defense budget prohibits the development of military support vehicle programs.

Global Armored Vehicles Automatic Fire Extinguishing Systems Market 2016-2020, 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.

key players in the Global Armored Vehicles Automatic Fire Extinguishing Systems Market: Bulldog Direct Protective Systems, Firetrace Aerospace, Kidde Deugra, N2 Towers and Spectrex.

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

Market driver
- Modernization of military vehicles
- For a full, detailed list, view our report

Market challenge
- Defense budget cuts in the US
- For a full, detailed list, view our report

Market trend
- Growth in R&D
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 33 Exhibits "Global Armored Vehicles Automatic Fire Extinguishing Systems Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Global aerospace and defense supply chain system, Global aerospace and defense value chain system, Market segmentation by vehicle type, Geographical segmentation, Key leading regions, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-armored-vehicles-automatic-fire-extinguishing-systems-market-2016-2020

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