Smart Smoke Detector Market Analysis, Size, Share, Trends, Growth Forecast, Upcoming Opportunities & Challenges and Impact of COVID-19

Market Overview

The global smart smoke detector market growth rate is projected to be 8.2% for the time period that this report covers. The value for the global smart smoke detector market was USD 971 million four years ago. It should be USD 1,533 million by 2023. A smart smoke detector is an intelligent device of four components: a processing unit, alarm system, sensors, and communication system. The sensors present in this device monitors the air in the environment and detect the particles of smoke present in it (which can cause a hazardous situation), and warns the premises with an alarm sound or through a notification on the user’s smartphone or tablet through wireless connections such as Bluetooth, WIFI, ZIGBEE, ETC.

Market Segmentation

If we look at the latest research analysis of the smart smoke detector market, the industry can be ramified based on type, service, power source, connectivity, and end-user. Among all the segments of this market, the photoelectric detectors and maintenance services segment will experience considerable growth during the forecast period. These detectors require the maintenance and replacement of batteries very frequently. Also, the smouldering fires, which are a significant cause of fire deaths, can only be detected by photoelectric detectors, so their demand increases daily.

The segmentation of this market into various segments is as follows:-

Based on type, it has a laser smoke detector (LSD), dual-sensor detectors (CO and CO2), network ionisation detectors, aspirating smoke detector (ASD), and photoelectric detectors.

Based on service, it has inspection devices, testing services, installation services, maintenance services, and replacement services.

It has Bluetooth, WI-FI, ZIGBEE, and others based on connectivity.

It has battery-powered smoke detectors and hard-wired smoke detectors based on the power source.

Based on the end-user, it has residential, commercial, and industrial.

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Regional Analysis

Looking at smart smoke detector market share and other details, it becomes evident that this industry is notably working in four major regions of the world: Asia Pacific region, North American region, European region, and the rest of the world (The Middle East and Africa). The North American region is anticipated to dominate this market during the forecast period due to rising fire hazards in the United States of America. Also, this region has a developed infrastructure. With the evolution of the internet of things, the demand for such smart devices in residential and commercial premises is rising daily.

Competitive Landscape:

The global smart smoke detector market is getting backed by the strategic moves of companies like Samsung Electronics Co. Ltd (South Korea), Nest Labs (US), Huawei Technologies Co. Ltd (China), Roost Inc. (US), AMP Security (US), United Technologies Corporation (US), BRK Brands Inc. (US), Honeywell International Inc. (US), Netatmo (France), Elgato (Germany), Birdi (US), Leeo Inc. (US), Gentex Corporation (US), UIC Corporation (US), Universal Security Instruments Inc. (US), Xtralis Pty Ltd (Ireland), Hanwei Electronics Group Corporation (China), The Crow Group (Israel), Nietzsche Enterprise Co. Ltd (Taiwan), Erlab (US), Lowe’s Companies Inc.(US), Heiman Co. Limited (China), Full Enterprise Corp. (Taiwan), and others.

Industry News:

In June 2019, a new product with a life span of 10 years was launched in the battery segment by BRK Brands, Inc. and was built with the latest lithium battery technology. These batteries were specially designed for smoke and carbon monoxide alarms with improved protection, eliminating frequent battery replacements.

In August 2019, a product named VESDA-EVES (an aspirating smoke detector) belonging to the smart smoke detector market was launched by Honeywell International Inc. this new device will allow its consumers to divide its protected areas into smaller and different areas to ensure early detection and warning alarm for a potential threat.

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