Global Smart Smoke Detector Market 2020-2024
Technavio has been monitoring the smart smoke detector market and it is poised to grow by $ 197.85 million during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on smart smoke detector market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increase in the availability of connected smoke detectors enabling remote notifications for fire or smoke and the growing number of government policies mandating the installation of smoke detectors. In addition, technological advances is anticipated to boost the growth of the market as well.
The smart smoke detector market analysis includes technology segment and geographic landscape.
Technavio's smart smoke detector market is segmented as below:
By Geographic Landscapes
- North America
- South America
This study identifies the availability of modified smoke detectors and smart smoke detectors as one of the prime reasons driving the smart smoke detector market growth during the next few years. Also, an increase in the availability of smoke detectors with high sensitivity, and insurance companies tying up with smart smoke detector players to offer discounts on home insurance policies will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our smart smoke detector market covers the following areas:
- Smart smoke detector market sizing
- Smart smoke detector market forecast
- Smart smoke detector market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart smoke detector market vendors that include BRK Brands Inc., Emerson Electric Co., Hochiki America Corp., Honeywell International Inc., Johnson Controls International Plc, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, United Technologies Corp., and Universal Security Instruments Inc.. Also, the smart smoke detector market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.