Global Armored Vehicles Automatic Fire Extinguishing Systems (AFES) Market to Reach $91.4 Million by 2027
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$91.4 Million by 2027, growing at a CAGR of 3.8% over the period 2020-2027.
AFES for APCs, one of the segments analyzed in the report, is projected to record 4.1% CAGR and reach US$52.5 Million by the end of the analysis period. After an early 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.