Global Smoke Detector Market

Smoke Detector Market Size, Share, Growth Analysis, By Technology(Photoelectric, Dual Sensors), By End Use(Commercial, Industrial) - Industry Forecast 2024-2031


Report ID: SQMIG30J2024 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 63 | Figures: 75

Smoke Detector Market Insights

Global Smoke Detector Market size was valued at USD 2.33 billion in 2022 and is poised to grow from USD 2.54 billion in 2023 to USD 4.98 billion by 2031, growing at a CAGR of 8.80% during the forecast period (2024-2031).

The rise in awareness of building fire safety is one of the primary elements driving growth. Furthermore, rising demand for smoke detectors has been spurred by increased sustainable development in the construction industry. These significant variables are expected to drive technology growth.

Favorable government measures, along with severe regulations, have increased the use of fire suppression equipment in the building industry. These initiatives broadened the market for safety equipment. Because of the necessary inclusion of fire safety devices across the industrial, commercial, and residential sectors, as well as the presence of numerous active projects around the world, the market is primed for advancements in technology and technological advancement.

The demand for smoke and fire detection devices has increased due to technical advancements in the building industry and the subsequent growth of infrastructure in many developed and emerging countries including the United States, the United Kingdom, Germany, China, and India. The incorporation of these safety devices has increased the safety quotient in infrastructures. Furthermore, as technology has advanced, photoelectric and dual sensor devices have enhanced the system's response time and, with the support of cutting-edge technology, have effectively reduced the incidence of false alarms. The tightening of fire safety rules is expected to have a beneficial impact on market growth.

The smoke detection devices market is expected to develop significantly due to the growing frequency of accidental fires in commercial and residential areas. Residential and commercial structures are more vulnerable to harm from minor fires. This aspect is expected to drive the adoption of smoke and fire detection devices as mandatory safety equipment in the construction industry. Modern commercial and residential infrastructure contains numerous floors with compact structures, which enhances the requirement for smoke and fire safety devices. Such increased safety measures in the infrastructure industry are projected to drive demand even further.

The high initial installation cost is one of the primary factors expected to slow market growth. Furthermore, the cost of upgrading a conventional detection system to a modern detection system is prohibitively high. Manufacturers are developing retrofitting solutions to solve this essential issue. These installations are simple and inexpensive, which is expected to increase customer demand for advanced smoke detection systems.

US Smoke Detector Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 2.33 billion

Largest Segment

Photoelectric

Fastest Growth

Photoelectric

Growth Rate

8.80% CAGR

Global Smoke Detector Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Smoke Detector Market By Technology 2021-2030 ($ Bn)
Global Smoke Detector Market By Technology 2021-2030 (%)

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Smoke Detector Market Segmental Analysis

The global smoke detector market is segmented based on technology, end use, and region. Based on technology, the market is segmented into photoelectric, dual sensors, and ionization. The end use segment is further categorized into commercial, industrial, and residential. Based on region, the global smoke detector market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Smoke Detector Market Analysis by Technology

Dual sensors are predicted to register the highest CAGR of 9.3%. Due to multiple benefits over photoelectric and ionization technologies, these dual sensor detectors are gaining popularity. Photoelectric technology is specialized in detecting flames that emit big smoke particles, whereas ionization technology is developed to detect fires that burn quickly.

The dual sensor technology provides both types of solutions for preventing fires. To achieve a competitive advantage, major manufacturers are developing new and technologically advanced technology. It is a wireless combined Carbon Monoxide (CO) and smoke detector that is professionally monitored and installed in the home sector. These cutting-edge technologies are projected to drive market expansion.

Smoke Detector Market Analysis by End Use

The residential segment is expected to grow at the fastest rate, with a CAGR of 9.3%. Global population growth leads to an increase in the number of residences. Governments all around the world are pushing sustainable development, which requires the installation of smoke and fire prevention equipment in homes. According to the India Brand Equity Foundation (IBEF), India's real estate is expected to be valued at USD 1,000 million by 2030, up from USD 120 million in 2020. This significant advancement will increase the use and end use of fire and smoke detection devices.

Global Smoke Detector Market By Technology 2021 (%), 2023 (%)

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Smoke Detector Market Regional Insights

North America held the greatest market share of 31.7% in 2022 and is expected to reach significant heights in the forecast period. Governments are pursuing a variety of severe rules to reduce the occurrence of accidental fires, particularly in the residential sector. According to the National Fire Protection Association (NFPA) in the United States, fires in homes with no working smoke alarms (17%) or no smoke alarms (40%), caused roughly three out of every five home fire deaths. These data encourage clients to install a smoke and fire alarm system in both their home and business properties.

Asia Pacific is expected to be the fastest developing region because of its burgeoning population, property, and infrastructure industries. Major corporations are using tactics such as acquisitions and mergers to increase client penetration. For example, in 2021, Schneider Electric, Inc. signed an agreement with Temasek Holdings Limited, an investment group, to acquire Larsen and Toubro Limited electrical and automation sector. Larsen & Toubro's Low Voltage & Automation Technology group in India would be integrated with this transaction.

Global Smoke Detector Market By Geography, 2021-2030, 2024-2031
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Smoke Detector Market Dynamics

Smoke Detector Market Drivers

Growing Awareness of Fire Safety

  • The increasing awareness of the importance of fire safety and the need for early detection of fires is driving the demand for smoke detectors.

Smoke Detector Market Restraints

Lack of Awareness

  • Despite increasing awareness of fire safety, there is still a lack of awareness among certain segments of the population, particularly in developing countries.

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Smoke Detector Market Competitive Landscape

To achieve maximum penetration of the technology, major corporations are expanding their geographical reach, particularly in developing countries. The establishment of R&D centers, in conjunction with strategic collaborations with investment firms, to develop new innovative technologies in response to consumer demand, will be a vital success factor in the next few years. As a result, in order to acquire maximum market share, corporations are likely to focus on innovation, particularly in developing countries and undeveloped areas.

Top Player’s Company Profiles in Smoke Detector Market

  • Kidde
  • BRK Brands
  • First Alert
  • Nest Labs
  • Honeywell International Inc.
  • Siemens AG
  • Johnson Controls International plc
  • Tyco Fire Protection Products
  • United Technologies Corporation
  • Hochiki Corporation
  • System Sensor
  • Xtralis (now part of Honeywell)
  • Gentex Corporation
  • Bosch Security and Safety Systems
  • STMicroelectronics
  • Advanced Detection Systems
  • Apollo Fire Detectors Ltd.
  • Nohmi Bosai Ltd.
  • Panasonic Corporation
  • Edwards Signaling and Security Systems.

Smoke Detector Market Recent Developments

  • In January 2022, Kidde launched their Smoke + Carbon Monoxide Alarm, which boasts several smart features, Wi-Fi connectivity, and can be administered via a new mobile app. The new smoke alarm from the firm would be one of the first smart systems that could be used to convert existing Kidde hardwired interconnected alarms into smart ones with a full and readily integrated solution that gives whole-home safety.
  • In April 2021, With the launching of Cerberus FIT, an updated version of the fire protection system, Siemens AG's Smart Infra business expanded its range for the smaller to medium-sized property sector.

Smoke Detector Key Market Trends

  • Increasing adoption of smart smoke detectors: Smart smoke detectors are becoming increasingly popular due to their ability to integrate with home automation systems and provide remote monitoring and control. These devices can also provide additional features such as voice alerts and integration with other smart devices.
  • Emergence of multi-sensor smoke detectors: multi-sensor smoke detectors are gaining popularity due to their ability to detect multiple types of fires, including those caused by smoldering fires, flaming fires, and carbon monoxide. These devices use a combination of sensors to detect different types of fires and provide more accurate alerts.
  • Rising demand for wireless smoke detectors: Wireless smoke detectors are becoming increasingly popular due to their ease of installation and flexibility in terms of placement. These devices can be easily installed without the need for wiring, and can be placed in areas that are difficult to reach with wired detectors.
  • Integration with home security systems: Smoke detectors are increasingly being integrated with home security systems, providing additional layers of protection against fire and other hazards. These integrated systems can provide alerts to homeowners and emergency services, and can also activate other safety measures such as automatic door locks and shut off of gas or electrical systems.

Smoke Detector Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global smoke detector market analysis, we found that the rising awareness about building fire safety is one of the primary elements driving growth. Furthermore, rising demand for smoke detectors has been spurred by increased sustainable development in the construction industry. These significant variables are expected to drive technology growth. Smoke detectors are increasingly being integrated with home security systems, providing additional layers of protection against fire and other hazards. These integrated systems can provide alerts to homeowners and emergency services, and can also activate other safety measures such as automatic door locks and shut off of gas or electrical systems.

Report Metric Details
Market size value in 2023 USD 2.33 billion
Market size value in 2031 USD 4.98 billion
Growth Rate 8.80%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Technology
    • Photoelectric, Dual Sensors, and Ionization
  • End Use
    • Commercial, Industrial, and Residential
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Kidde
  • BRK Brands
  • First Alert
  • Nest Labs
  • Honeywell International Inc.
  • Siemens AG
  • Johnson Controls International plc
  • Tyco Fire Protection Products
  • United Technologies Corporation
  • Hochiki Corporation
  • System Sensor
  • Xtralis (now part of Honeywell)
  • Gentex Corporation
  • Bosch Security and Safety Systems
  • STMicroelectronics
  • Advanced Detection Systems
  • Apollo Fire Detectors Ltd.
  • Nohmi Bosai Ltd.
  • Panasonic Corporation
  • Edwards Signaling and Security Systems.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Smoke Detector Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Smoke Detector Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Smoke Detector Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smoke Detector Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smoke Detector Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Smoke Detector Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Smoke Detector Market size was valued at USD 2.33 billion in 2022 and is poised to grow from USD 2.54 billion in 2023 to USD 4.98 billion by 2031, growing at a CAGR of 8.80% during the forecast period (2024-2031).

To achieve maximum penetration of the technology, major corporations are expanding their geographical reach, particularly in developing countries. The establishment of R&D centers, in conjunction with strategic collaborations with investment firms, to develop new innovative technologies in response to consumer demand, will be a vital success factor in the next few years. As a result, in order to acquire maximum market share, corporations are likely to focus on innovation, particularly in developing countries and undeveloped areas. 'Kidde', 'BRK Brands', 'First Alert', 'Nest Labs', 'Honeywell International Inc.', 'Siemens AG', 'Johnson Controls International plc', 'Tyco Fire Protection Products', 'United Technologies Corporation', 'Hochiki Corporation', 'System Sensor', 'Xtralis (now part of Honeywell)', 'Gentex Corporation', 'Bosch Security and Safety Systems', 'STMicroelectronics', 'Advanced Detection Systems', 'Apollo Fire Detectors Ltd.', 'Nohmi Bosai Ltd.', 'Panasonic Corporation', 'Edwards Signaling and Security Systems.'

The increasing awareness of the importance of fire safety and the need for early detection of fires is driving the demand for smoke detectors.

Increasing adoption of smart smoke detectors: Smart smoke detectors are becoming increasingly popular due to their ability to integrate with home automation systems and provide remote monitoring and control. These devices can also provide additional features such as voice alerts and integration with other smart devices.

North America held the greatest market share of 31.7% in 2022 and is expected to reach significant heights in the forecast period. Governments are pursuing a variety of severe rules to reduce the occurrence of accidental fires, particularly in the residential sector. According to the National Fire Protection Association (NFPA) in the United States, fires in homes with no working smoke alarms (17%) or no smoke alarms (40%), caused roughly three out of every five home fire deaths. These data encourage clients to install a smoke and fire alarm system in both their home and business properties.

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Global Smoke Detector Market

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