Global Vehicle Fire Protection System Market By Product Type (Fire Detection System, Alarm & Warning, Fire Suppression), By Application (Busses, Industrial Machinery), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2028
- Published date: April 2023
- Report ID: 41825
- Number of Pages: 387
- Format:
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Market.us announces the publication of its most recently generated research report titled, “Global Vehicle Fire Protection System Market by Product Type (Fire Detection System, Alarm & Warning, Fire Suppression), By Application (Busses, Industrial Machinery), and by Region – Global Forecast to 2028.”, which offers a holistic view of the global vehicle fire protection System market through systematic segmentation that covers every aspect of the target market.
The global Vehicle Fire Protection System market is projected to be US$ 613.8 Mn in 2018 to reach US$ 1,487.0 Mn by 2028 at a CAGR of 12.7%.
A vehicle fire protection system also referred to as a vehicle system generally consists of either a fire suppression system or fire detection system or both installed on any type of vehicle. They are especially prevalent in the mobile heavy equipment segment.
These systems are engineered to protect mobile equipment from fire damage and related losses. These pre-engineered systems are designed as per the parameters of the individual machine. The vehicle system has become a vital safety feature in several industries and is most commonly used in the mining, forestry, landfill, and mass transit industries.
Different types of vehicle fire protection systems are fire detection systems, alarm and warning, and fire suppression. In the fire detection system, when the smoke in the vehicle passes through the infrared cross-section, the detector will detect the reflection, scattering, and absorption of the infrared light source and will respond. Fire detection systems are mainly designed and installed to provide a warning about a possible outburst of fire.
trending_up Total Revenue in 2018$ 613.8 Mn
trending_up Market CAGR of the Next Ten Years12.7%
no_encryption Market Value (US$ Mn), Share (%) and Growth Rate (%) Comparison 2012-2028Purchase this report or a membership to unlock the market value (US$ Mn), share (%) and growth rate (%) comparison for this industry.- By Type
- By Region
- By Application
no_encryption Leading Companies Financial HighlightsPurchase this report or a membership to unlock the leading companies financial highlights for this industry.trending_up Market Revenue of the Next Ten Years$ 1,487.0 Mn
Stringent government regulations and initiatives toward increasing safety in the automotive industry are expected to enhance the growth of the vehicle fire protection market. Modernization and technological innovations in the automobile and heavy machines industry are other major factors driving the growth of the target market. Augmenting lives and property losses due to fire breakouts is a major concern these days, and efforts to provide safer living environments are increasing which is expected to help the market growth.
Global Vehicle Fire Protection System Market Revenue (US$ Mn), 2018–2028
The rapid development of smoke detectors, along with the internet of things and big data is expected to boost the target market over the coming years. Robust growth in end-use industries, especially in emerging economies, is providing several opportunities for major key players in the market which is expected to continue over the forecasted period
However, Unpredicted failure of fire alarm systems may hamper the growth of the target market to a certain extent. Also, high installation and maintenance costs of fire protection systems may impede the growth of the market over the forecast period
The global vehicle fire protection system market is segmented on the basis of product type, application, and region. Based on product type, the market is segmented into tire detection systems, alarm & warning, and fire suppression. The fire suppression segment accounts for the majority share in the global vehicle fire protection system market, while the detection system is expected to register the highest growth rate over the forecast period. On the basis of application, the market is segmented into buses and industrial machinery. The busses overload accounts for a majority share in the global vehicle fire protection system market.
Global Fire Vehicle Fire Protection System Market Attractiveness Analysis by Product Type, 2015–2031
Based on the region, the market is segmented into North America, Europe, China, Japan, India, South America, MEA, and ROW. North America accounts for the majority share in the global vehicle fire protection system market, owing to increasing rapid improvement in wireless technologies for fire detection. China is expected to register the highest growth rate over the forecast period. Countries and regions such as India, Japan, South America, and MEA are expected to register stable growth over the forecast period.
The research report on the global Vehicle Fire Protection System market includes profiles of some of the major companies such as Johnson Controls International plc, United Technologies Corporation, Dafo Brand Ab, McWane, Inc., Halma plc, Fogmaker International AB, Rotarex S.A, Koorsen Fire & Security, Inc, and other prominent players.
Key Market Segments
Type
- Fire Detection System
- Alarm & Warning
- Fire Suppression
End-User
- Busses
- Industrial Machinery
Key Market Players included in the report:
- Johnson Controls International plc
- United Technologies Corporation
- Dafo Brand Ab
- McWane Inc.
- Halma plc
- Fogmaker International AB
- Rotarex S.A
- Koorsen Fire & Security Inc
For the Vehicle Fire Protection System Market research study, the following years have been considered to estimate the market size:
Attribute Report Details Historical Years
2016-2020
Base Year
2021
Estimated Year
2022
Short Term Projection Year
2028
Projected Year
2023
Long Term Projection Year
2032
Report Coverage
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
Regional Scope
North America, Europe, Asia-Pacific, South America, Middle East & Africa
Country Scope
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Vehicle Fire Protection System MarketPublished date: April 2023add_shopping_cartBuy Now get_appDownload Sample - Johnson Controls International plc
- United Technologies Corporation
- Dafo Brand Ab
- McWane Inc.
- Halma plc
- Fogmaker International AB
- Rotarex S.A
- Koorsen Fire & Security Inc
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