Dublin, April 08, 2024 (GLOBE NEWSWIRE) -- The "Smart Smoke Detector Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The future of the global smart smoke detector market looks promising with opportunities in the residential, commercial, and industrial markets. The global smart smoke detector market is expected to reach an estimated $0.3 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are increasing popularity of home automation, growing demand for advanced infrastructures in the residential, commercial, and industrial sectors, and technological advancements.
Key Market Insights
- The photoelectric detector is expected to witness the highest growth over the forecast period due to its characteristics of rapid sensing.
- Within this market, residential will remain the largest segment due to the increasing incidences of accidents occurring in residential areas, high urbanization and population growth.
- North America is expected to witness highest growth over the forecast period due to well established infrastructure and rising demand from commercial building sector in the region.
Smart Smoke Detector by Segment
The study includes a forecast for the global smart smoke detector by type, power source, end use, and region.
Smart Smoke Detector Market by Type:
- Ionization Detectors
- Dual Sensor Detectors
- Laser Smoke Detectors
- Photoelectric Detectors
- Others
Smart Smoke Detector Market by Power Source:
- Wired
- Battery Powered
Smart Smoke Detector Market by End Use:
- Residential
- Commercial
- Industrial
- Others
Smart Smoke Detector Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart smoke detector companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
Some of the smart smoke detector companies profiled in this report include:
- Nest Labs
- Samsung Electronics
- Roost
- Huawei Technologies
- BRK Brands
- Honeywell
- AMP Security
- Elgato
- Birdi
- Leeo
Key Report Features
- Market Size Estimates: Smart smoke detector market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Smart smoke detector market size by type, power source, end use, and region in terms of value ($B).
- Regional Analysis: Smart smoke detector market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, power sources, end uses, and regions for the smart smoke detector market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart smoke detector market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
This report answers the following key questions:
- What are some of the most promising, high-growth opportunities for the smart smoke detector market by type (ionization detectors, dual sensor detectors, laser smoke detectors, photoelectric detectors, and others), power source (wired and battery powered), end use (residential, commercial, industrial, and others), and region?
- Which segments will grow at a faster pace and why?
- Which region will grow at a faster pace and why?
- What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- What are the business risks and competitive threats in this market?
- What are the emerging trends in this market and the reasons behind them?
- What are some of the changing demands of customers in the market?
- What are the new developments in the market? Which companies are leading these developments?
- Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
Key Topics Covered:
1. Executive Summary
2. Global Smart Smoke Detector Market : Market Dynamics
2.1 Introduction, Background, and Classifications
2.2 Supply Chain
2.3 Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Smart Smoke Detector Market Trends (2018-2023) and Forecast (2024-2030)
3.3 Global Smart Smoke Detector Market by Type
3.3.1 Ionization Detectors
3.3.2 Dual Sensor Detectors
3.3.3 Laser Smoke Detectors
3.3.4 Photoelectric Detectors
3.3.5 Others
3.4 Global Smart Smoke Detector Market by Power Source
3.4.1 Wired
3.4.2 Battery Powered
3.5 Global Smart Smoke Detector Market by End Use
3.5.1 Residential
3.5.2 Commercial
3.5.3 Industrial
3.5.4 Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1 Global Smart Smoke Detector Market by Region
4.2 North American Smart Smoke Detector Market
4.3 European Smart Smoke Detector Market
4.4 APAC Smart Smoke Detector Market
4.5 ROW Smart Smoke Detector Market
5. Competitor Analysis
5.1 Product Portfolio Analysis
5.2 Operational Integration
5.3 Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1 Growth Opportunity Analysis
6.2 Emerging Trends in the Global Smart Smoke Detector Market
6.3 Strategic Analysis
6.3.1 New Product Development
6.3.2 Capacity Expansion of the Global Smart Smoke Detector Market
6.3.3 Mergers, Acquisitions, and Joint Ventures in the Global Smart Smoke Detector Market
6.3.4 Certification and Licensing
7. Company Profiles of Leading Players
For more information about this report visit https://www.researchandmarkets.com/r/d72i4r
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