Technavio has been monitoring the smart smoke detector market and it is poised to grow by USD 197.85 million during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Smart Smoke Detector Market 2020-2024 (Graphic: Business Wire)
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This Report Addresses:
- The market size from 2020-2024
- Expected market growth until 2024
- Forecast of how market drivers, restraints, and future opportunities will affect the market dynamics
- Segments and regions that will drive or lead market growth and why
- Comprehensive mapping of the competitive landscape
- In-depth analysis of key sustainability strategies adopted by market players
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Frequently Asked Questions-
- What are the major trends in the market?
- Availability of modified smoke detectors and smart smoke detectors is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of over 4%, the incremental growth of the market is anticipated to be USD 197.85 million.
- Who are the top players in the market?
- 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 are some of the major market participants.
- What are the key market drivers and challenges?
- Technological advances are one of the major factors driving the market. However, the increase in price wars among existing vendors will restrain market growth.
- How big is the North America market?
- The North America region will contribute 33% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. The technological advances will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Smart Smoke Detector Market 2020-2024: Segmentation
Smart Smoke Detector Market is segmented as below:
- North America
- South America
Smart Smoke Detector Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The smart smoke detector market report covers the following areas:
- Smart Smoke Detector Market Size
- Smart Smoke Detector Market Trends
- Smart Smoke Detector Market Analysis
This study identifies 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.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Smart Smoke Detector Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist smart smoke detector market growth during the next five years
- Estimation of the smart smoke detector market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the smart smoke detector market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart smoke detector market vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook
- Market size and forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Technology
- Market segments
- Comparison by Technology
- Photoelectric – Market size and forecast 2019-2024
- Dual-sensors – Market size and forecast 2019-2024
- Ionization – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Technology
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Volume driver – Demand led growth
- Market challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- 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.
- Universal Security Instruments Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.