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Report updated on 11th September, 2021: 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 2021-2030 (Includes Business Impact of COVID-19)Trusted Business Insights has published a comprehensive market research report on, 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 2030, 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$ 683.2 Mn in 2020 to reach US$ 2,149.9 Mn by 2030 at a CAGR of 12.1%. A vehicle fire protection system also referred to as 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 to 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 system, 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. Stringent government regulations and initiatives towards increasing safety in the automotive industry are expected to enhance the growth of vehicle fire protection market. Modernization and technological innovations in the automobile and heavy machines industry is another major factor driving the growth of the target market. Augmenting lives and property losses due to fire breakouts is major concern these days, and efforts to provide safer living environments is increasing which is expected to help the market growth.
Global Vehicle Fire Protection System Market Revenue (US$ Mn), 2021 to 2030The 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 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 system, alarm & warning, 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 busses, industrial machinery. The busses overload accounts for a majority share in the global vehicle fire protection system market.
Global Vehicle Fire Protection System Market Attractiveness Analysis by Product Type,2012-2018Based 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.
Below are the active patents related to Vehicle Fire Protection System Market.Patent Number: US8307934B2 Vehicle fire prevention and detection system Abstract This invention provides fire prevention and detection for heavy-duty and medium-duty commercial and military vehicles by ensuring the engine is automatically and immediately shut down upon the occurrence of a catastrophic event that may lead to a fire. The shutdown is achieved through the isolation of the vehicle batteries and alternator and the disconnecting of those devices from all electrical circuits. Anomalies that cause the shutdown and disconnect include battery and vehicle load currents that are outside a preset range, excessive temperatures, detection of smoke in the drive compartment or sleeper, or detection of a frontal impact accident or vehicle rollover. Once disconnected, the battery contactor must be manually reset in order to restore electrical power to the vehicle. Application File Date: 2010-06-22 Application Granted Date: 2012-11-13 Current Assignee: GTR Dev LLC
Key Market Segmentation of Vehicle Fire Protection System MarketBy Type
Chapter 1 Global Vehicle Fire Protection System Market Insights 1.1 Introduction 1.2 Drivers for Global Vehicle Fire Protection System Market 1.3 Restraints for Global Vehicle Fire Protection System Market 1.4 Opportunities for Global Vehicle Fire Protection System Market 1.5 PEST Analysis 1.6 PORTER'S Five Forces Analysis 1.7 Market Investment Feasibility Analysis 1.8 Opportunity Map Analysis 1.8.1 Optimistic Scenario 1.8.2 Likely Scenario 1.8.3 Conservative Scenario 1.9 Macro Economic Factors 1.10 Opportunity Orbits 1.11 Manufacturing Cost Structure Analysis 1.12 Regional Market Share an | read more...