Smart Smoke Detector Market Report Covers Top Countries and Regions of the World, Including Market Share, Size, Trends, Growth, Revenue – Forecast to 2023

 

Market Research Future (MRFR), highlights that the global Smart Smoke Detector market 2020 is expected to grow exponentially, securing a significant market valuation from USD 971 Million in 2017 and is expected to reach USD 1.5 Billion by the end of forecast period and a vigorous CAGR of 8.2% over the evaluation period. The report presents a basic overview of the market size, share, growth factors, rising demand and competition segment with an essential introduction to manufacturers, regions, product types and applications. The report provides an comprehensively examination of the market following the coronavirus disease outbreak.

The Smart Smoke Detector Market is looking for opportunities due to customer adoption of IoT and connected technologies. The demand for smart smoke detectors has increased due to fire safety concerns and increased adoption of smart devices. With the advent of Artificial Intelligence and Internet of Things (IoT) in smart device development, the smart smoke detector market has been favored to encourage manufacturers to integrate these technologies into smoke detectors to develop new smoke detector products.

Driving Factors:

Predictable revenue growth in terms of volume with respect to the smart smoke detector market for the upcoming years has been mentioned in depth. The main factor attributing to the growth of the demand for smart smoke detectors involves a growing number of fatal accidents in commercial and industrial premises. Furthermore, consumer propensity toward smart buildings is driving growth in the industry. High costs incurred in deploying smart smoke sensors could, however, hamper the growth of the smart smoke detector market.

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Key Strategic Manufacturers:

Samsung Electronics Co. Ltd (South Korea), Nest Labs (US), Roost Inc. (US), Huawei Technologies Co. Ltd (China), Honeywell International Inc. (US), Birdi (US), BRK Brands Inc. (US), AMP Security (US), United Technologies Corporation (US), and Leeo Inc. (US). These players contribute significantly in the growth of smart smoke detector market.

Segmental Analysis:

Base on the type,          

·         Photoelectric detectors

·         Network ionization detectors

·         Aspirating smoke detector (ASD)

·         Dual sensor detectors (CO and CO2)

·         Laser smoke detector (LSD)

Based on the service,

·         Installation services

·         Testing & inspection services

·         Maintenance & replacement services

Based on the power source,

·         Hard-wired

·         Battery-powered smoke detectors

Based on the connectivity,

·         Wi-Fi

·         ZigBee

·         Bluetooth

Based on the end-user,

·         Industrial

·         Residential

·         Commercial

Regional Analysis:

The global market regional analysis was conducted in four major regions including Asia Pacific, North America, Europe, Latin America and the Middle East and Africa. The Asia-Pacific region, on the contrary, is expected to experience the highest growth rate during the forecast period. China, India, Japan, Singapore, and South Korea are some of the major Asia-Pacific countries that are investing heavily in building smart cities in their respective territories which are also driving end-consumers' adoption of smart smoke detectors. Europe is the second region leading the market for smart smoke detectors.

Major Highlights of TOC Covers:

1.      Executive Summary

2.      Key Business Trends

3.      Regional Trends and Growth

4.      Product Trends

5.      End-use Trends

6.      Definition and Forecast Parameters

7.      Smart Smoke Detector Market Segmentation

8.      Smart Smoke Detector Market Landscape

9.      Vendor Matrix

10.  Company Profiles

11.  Business Overview

12.  Financial Data

13.  Product Landscape

14.  Strategic Outlook

15.  SWOT Analysis

16.  Regional Smart Smoke Detector Market Share

17.  Country Smart Smoke Detector Market Share

18.  Revenue and Sales Forecast

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