A Huge and Growing Global Market.
According to Verified Market Research, the Global Aerial Firefighting Market was valued at USD $8.45 Billion in 2019 and is projected to reach USD $12.55 Billion by 2027, growing at a CAGR of 5.18% from 2020 to 2027. The aerial firefighting market is witnessing strong growth owing to the increased use of helicopters and fixed-wing aircraft for firefighting. This increase is due in turn to an escalation in the number of forest fire incidents worldwide and the recognition of the value of early intervention, which aircraft alone can provide.
The market is broadly segmented into Government Firefighting Organizations, Military, and Private Providers.
The Government Firefighting Organizations segment is expected to grow at the highest CAGR during the forecast period, but faces significant organizational and budget challenges in standing up new aerial assets and capability. FOREMS enables the use of military cargo aircraft, typified by the Lockheed Martin C-130J Hercules, for firefighting purposes, simultaneously leveraging governments’ sunk costs in these assets and massively increasing delivery capacity.
Patents.
Wildfire Suppression Pty Ltd has engaged extensively with the US Air National Guard, Lockheed Martin, CalFire and the US Forestry Service in the development of FOREMS, incorporating the advice of these organizations into the design of the system. Wildfire Suppression holds US Patent 8,800,674B2 and EU Patent 2139562 for the design elements of the FSM.
Global
Aerial
Firefighting
Market
We are currently seeking technical partners and investors to drive the further development of FOREMS and bring it to market globally.