Market Highlights:
The growing adoption of smart homes and connected devices has increased the demand for smoke detectors in residentials and industrial properties. This is owing to the growing concerns towards fire safety regulations being adopted in enterprises and homes. The laser smoke detectors generally comprise a sensor, control unit, a system for interaction and an alarm system to alert the end-user. A combination of these components is used to gather the information, analyze it, and subsequently manage the property in case of harards. Communication is an important aspect in terms of alerting the user. The connectivity of smoke detectors and end-user application is through either Wi-Fi, Bluetooth, or Zigbee wireless standards.
The major factor contributing towards the growth of laser smoke detector market is its accuracy, and lower power consumption ability. Moreover, the increasing adoption of IoT and connected devices in homes and industries is helping the adoption of laser smoke detectors. The market is expected to observe various opportunities in inclination towards smart buildings. However, the high cost of installation and maintenance of these smoke detectors may hamper the market growth.
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Major Key Players
- Samsung Electronics Co. Ltd (South Korea),
- Roost Inc. (US),
- Huawei Technologies Co. Ltd (China),
- BRK Brands Inc. (US),
- Honeywell International Inc. (US),
- AMP Security (US),
- United Technologies Corporation (US),
- Birdi (US),
- Leeo Inc. (US),
- Ornicom (Belgium),
- System Sensor (US).
Apart from the top key players, the other players contribute nearly 30–35 % in the Laser smoke detector market. These include Netatmo (France), Elgato (Germany), Universal Security Instruments Inc. (US), Gentex Corporation (US), UIC Corporation (US), Hanwei Electronics Group Corporation (China), Xtralis Pty Ltd (Ireland), Erlab (US), Lowe’s Companies Inc, (US), The Crow Group (Israel), Nietzsche Enterprise Co. Ltd (Taiwan), Full Enterprise Corp. (Taiwan), Heiman Co. Limited (China) and others.
According to MRFR, The global Laser Smoke Detector Market was valued at USD 0.67 billion in 2017 and is expected to reach USD 1.04 billion by the end of the forecast period with a CAGR of 8.2%.
Regional Analysis:
The market for laser smoke detector is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of unified communication and collaboration market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
North America is the dominating region in terms of revenue generation. On the other hand, Europe is the second dominating region. One of the major challenging factors that refrain the market growth are the resident users which do not easily switch to newer technologies. On the contrary, Asia-Pacific is expected to grow with a highest CAGR during the forecast period. dMoreover, UAE is expected to be the highest revenue generating market in laser smoke detectors market owing to heavily investment in shifting from traditional manufacturing infrastructure into a smart factories and industries.
Segmentation:
The global laser smoke detector market is segmented into connectivity, service, power source, end-user and region.
By connectivity, the global laser smoke detector is segmented into Wi-Fi, Bluetooth, Zigbee, and others.
By service, the global laser smoke detector is segmented into testing & inspection service, installation service, and maintenance & replacement service.
By power source, the global Laser smoke detector is segmented into hard-wired, and battery powered.
By end-user, the global laser smoke detector is segmented into residential, industrial, and commercial.
By region, the laser smoke detector market is segmented into North America, Europe, Asia-Pacific, and rest of the world.
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Intended Audience
- Original design manufacturers (ODMs)
- Original equipment manufacturers (OEMs)
- Distributors and resellers
- Research organizations
- Government Agencies
- Service/Solution Providers
- Consulting Firms
- System Integrators
- Research Institutes and Organizations
- Laser smoke detector Vendors
LIST OF TABLES
Table 1 Global Laser Smoke Detector Market, by Connectivity, 2018–2023 (USD Million)
Table 2 Global Laser Smoke Detector Market, by Power Source, 2018–2023 (USD Million)
Table 3 Global Laser Smoke Detector Market, by Service, 2018–2023 (USD Million)
Table 4 Global Laser Smoke Detector Market, by End-User, 2018–2023 (USD Million)
Table 5 Global Laser Smoke Detector Market, by Region, 2018–2023 (USD Million)
Continued…….
LIST OF FIGURES
FIGURE 1 Global Laser Smoke Detector Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global Laser Smoke Detector Market
FIGURE 4 Value Chain of Global Laser Smoke Detector Market
FIGURE 5 Share of Global Laser Smoke Detector Market in 2017, by Country (in %)
Continued…….
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