Fire Alarm and Detection Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook

Fire Alarm and Detection Market Size- By Offering, By Product Type, By Detection Technology, By Connectivity- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Fire Alarm and Detection Market Size- By Offering, By Product Type, By Detection Technology, By Connectivity- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Nov 2023 Report ID: IACT23189 Pages: 1 - 235 Formats*:     
Category : Information & Communications Technology
Fire Alarm and Detection Market Introduction and Overview 

According to SPER Market Research, the Global Fire Alarm and Detection Market is estimated to reach USD 70.32 billion with a CAGR of 7.41% by 2033.

The report includes an in-depth analysis of the Global Fire Alarm and Detection Market, including market size and trends, product mix, applications, and supplier analysis. Fire detection systems are made to identify fires early on, when there is still time for occupants to safely evacuate the premises. Protecting the safety of emergency response personnel is largely dependent on early detection. Early detection reduces property loss and minimizes operational downtime because control efforts are initiated while the fire is still small. The majority of alarm systems expedite the fire fighting process by informing emergency personnel of the fire's location.

  • September 2019: One of the industry leaders, ABB, introduced its new Alarm-Stick which incorporates ABB's heat, smoke, and carbon monoxide (CO) detectors into homes that do not use ABB products.
  • April 2023: Johnson Controls International PLC and the International WELL Building Institute (IWBI) partnered in to promote healthy building solutions for its clients and staff.
fire-alarm-and-detection-market
Market Opportunities and Challenges
The market present enormous opportunities for industry players. There are some factors like enhanced monitoring capabilities, centralized control, and greater efficiency are provided by integrating fire alarm and detection systems with building automation systems  which for market participants, offers profitable opportunities. The market offer unrealized market potential due to their quick urbanization and infrastructure development. To take advantage of the rising demand for fire safety solutions, market participants should concentrate on growing their footprint in these areas. Research and development expenditures sustained over time may result in additional technological developments in the field of fire alarm and detection systems. The market will grow as a result of innovations like wireless communication, better sensor technologies, and sophisticated analytics.

However, growth in the market is hampered by high initial costs as well as issues with false alarms and detection failures. Adoption may be hampered by the expense of these systems, which includes professional installation and equipment, particularly for smaller businesses or those on a tighter budget. There is also lack of awareness and limited knowledge in developing regions regarding the importance fire safety measures, which hinders growth of market in these areas. Also, for fire alarm systems to operate as best they can, regular maintenance is essential. Inadequate upkeep can cause false alerts or system failures, which erodes confidence in the technology.

fire-alarm-and-detection-market


Market Competitive Landscape
There are many well-established competitors in the fiercely competitive fire alarm and detection market, along with an increasing number of recent entrants. To bolster their market presence and obtain a competitive advantage, major market players are concentrating on product innovation, strategic alliances, and mergers and acquisitions. The major players in Carrier Global Corporation, Eaton Corporation PLC, Halma PLC, Hochiki Corporation, MindWare, Inc., Ravensburger, Sphero, Inc., Spin Master, The Lego World, VTech Holdings Limited  and various others.

Scope of the Report:
Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Offering, By Product Type, By Detection Technology , By Connectivity
 Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe
 Companies Covered
Carrier Global Corporation, Eaton Corporation PLC, Halma PLC, Hochiki Corporation, MindWare, Inc., Ravensburger, Sphero, Inc., Spin Master, The Lego World, VTech Holdings Limited and others
COVID-19 Impact on Global Fire Alarm and Detection Market
The COVID-19 outbreak has had a substantial effect on the size of the global market for fire alarm and detection systems. A result of the global slowdown and labour shortage, electronics and semiconductor production facilities have stopped operations. Travel restrictions and plant closures kept workers out of their factories during the COVID-19 outbreak, which resulted in a large and prolonged decline in manufacturing utilization. As a result, the market grew slowly in 2020. However, COVID-19 is only expected to have a temporary negative impact on the fire alarm and detection system market; by early 2021, the market is expected to see a robust recovery rate.

Key Target Audience
  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm
Our in-depth analysis of the Fire Alarm and Detection Market includes the following segments:
By Offering
  • Control Panels
  • Sensors & Initiating Components
  • Notification & Audio Components
  • Others
  • By Product Type
  • Audible Alarms
  • Visual Alarms
  • Manual Call-points
  • Flame Detectors
  • Heat Detectors
  • Smoke Detectors
  • By Detection Technology
  • Addressable
  • Conventional
  • By Connectivity
  • Wired
  • Wireless
  • Key Topics Covered in the Report
    • Global Fire Alarm and Detection Market Size (FY’2023-FY’2033)
    • Overview of Global Fire Alarm and Detection Market
    • Segmentation of Global Fire Alarm and Detection Market By Offering (Hardware, Software)
    • Segmentation of Global Fire Alarm and Detection Market By Product Type (Fire Alarm, Detector Type)
    • Segmentation of Global Fire Alarm and Detection Market By Detection Technology (Addressable, Conventional)
    • Segmentation of Global Fire Alarm and Detection Market By Connectivity (Wired, Wireless)
    • Statistical Snap of Global Fire Alarm and Detection Market
    • Expansion Analysis of Global Fire Alarm and Detection Market
    • Problems and Obstacles in Global Fire Alarm and Detection Market
    • Competitive Landscape in the Global Fire Alarm and Detection Market
    • Impact of COVID-19 and Demonetization on Global Fire Alarm and Detection Market
    • Details on Current Investment in Global Fire Alarm and Detection Market
    • Competitive Analysis of Global Fire Alarm and Detection Market
    • Prominent Players in the Global Fire Alarm and Detection Market
    • SWOT Analysis of Global Fire Alarm and Detection Market
    • Fire Alarm and Detection Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Fire Alarm And Detection Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Fire Alarm And Detection Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Fire Alarm And Detection Market

    7. Global Fire Alarm And Detection Market, By Offering (USD Million)
    7.1. Global Fire Alarm And Detection Market Value Share and Forecast, By Offering, 2023-2033
    7.2. Hardware
    7.2.1. Control Panels
    7.2.2. Sensors & Initiating Components
    7.2.3. Notification & Audio Components
    7.2.4. Others
    7.3. Software
    8. Global Fire Alarm And Detection Market, By Product Type (USD Million)
    8.1. Global Fire Alarm And Detection Market Value Share and Forecast, By Product Type, 2023-2033
    8.2. Global Fire Alarm
    8.2.1. Audible Alarms
    8.2.2. Visual Alarms
    8.2.3. Manual Call-points
    8.3. Detector Type
    8.3.1. Flame Detectors
    8.3.2. Heat Detectors
    8.3.3. Smoke Detectors

    9. Global Fire Alarm And Detection Market, By Detection Technology (USD Million)
    9.1. Global Fire Alarm And Detection Market Value Share and Forecast, By Detection Technology, 2023-2033
    9.2. Addressable 
    9.3. Conventional

    10. Global Fire Alarm And Detection Market, By Connectivity (USD Million)
    10.1. Global Fire Alarm And Detection Market Value Share and Forecast, By Connectivity, 2023-2033 
    10.2. Wired
    10.3. Wireless

    11. Global  Alarm and Detection Market Forecast, 2019-2033 (USD Million)
    11.1. Global Fire Alarm and Detection Market Size and Market Share

    12. Global Fire Alarm and Detection Market, By Offering, 2019-2033 (USD Million)
    12.1. Global Fire Alarm and Market Size and Market Share By Offering (2019-2026)
    12.2. Global Fire Alarm and Detection Market Size and Market Share By Offering (2027-2033)

    13. Global Fire Alarm and Detection Market, By Product Type, 2019-2033 (USD Million)
    13.1. Global Fire Alarm and Detection Market Size and Market Share By Product Type (2019-2026)
    13.2. Global Fire Alarm and Detection Market Size and Market Share By Product Type (2027-2033)

    14. Global Fire Alarm and Detection Market, By Detection Technology, 2019-2033 (USD Million)
    14.1. Global Fire Alarm and Detection Market Size and Market Share By Detection Technology (2019-2026)
    14.2. Global Fire Alarm and Detection Market Size and Market Share By Detection Technology (2027-2033)

    15. Global Fire Alarm and Detection Market, By Connectivity, 2019-2033 (USD Million)
    15.1. Global Fire Alarm and Market Size and Market Share By Connectivity (2019-2026)
    15.2. Global Fire Alarm and Detection Market Size and Market Share By Connectivity (2027-2033)

    16. Global Fire Alarm And Detection Market, By Region, 2019-2033 (USD Million)
    16.1. Global Fire Alarm And Detection Market Size and Market Share By Region (2019-2026)
    16.2. Global Fire Alarm And Detection Market Size and Market Share By Region (2027-2033) 
    16.3. Asia-Pacific
    16.3.1. Australia
    16.3.2. China
    16.3.3. India
    16.3.4. Japan
    16.3.5. South Korea
    16.3.6. Rest of Asia-Pacific
    16.4. Europe
    16.4.1. France
    16.4.2. Germany
    16.4.3. Italy
    16.4.4. Spain
    16.4.5. United Kingdom
    16.4.6. Rest of Europe
    16.5. Middle East and Africa
    16.5.1. Kingdom of Saudi Arabia 
    16.5.2. United Arab Emirates
    16.5.3. Rest of Middle East & Africa
    16.6. North America
    16.6.1. Canada
    16.6.2. Mexico
    16.6.3. United States
    16.7. Latin America
    16.7.1. Argentina
    16.7.2. Brazil
    16.7.3. Rest of Latin America

    17. Company Profile
    17.1. Carrier Global Corporation
    17.1.1. Company details
    17.1.2. Financial outlook
    17.1.3. Product summary 
    17.1.4. Recent developments
    17.2. Eaton Corporation PLC
    17.2.1. Company details
    17.2.2. Financial outlook
    17.2.3. Product summary 
    17.2.4. Recent developments
    17.3. Halma PLC
    17.3.1. Company details
    17.3.2. Financial outlook
    17.3.3. Product summary 
    17.3.4. Recent developments
    17.4. Hochiki Corporation
    17.4.1. Company details
    17.4.2. Financial outlook
    17.4.3. Product summary 
    17.4.4. Recent developments
    17.5. MindWare, Inc.
    17.5.1. Company details
    17.5.2. Financial outlook
    17.5.3. Product summary 
    17.5.4. Recent developments
    17.6. Ravensburger
    17.6.1. Company details
    17.6.2. Financial outlook
    17.6.3. Product summary 
    17.6.4. Recent developments
    17.7. Sphero, Inc.
    17.7.1. Company details
    17.7.2. Financial outlook
    17.7.3. Product summary 
    17.7.4. Recent developments
    17.8. Spin Master
    17.8.1. Company details
    17.8.2. Financial outlook
    17.8.3. Product summary 
    17.8.4. Recent developments
    17.9. The Lego World
    17.9.1. Company details
    17.9.2. Financial outlook
    17.9.3. Product summary 
    17.9.4. Recent developments
    17.10. VTech Holdings Limited
    17.10.1. Company details
    17.10.2. Financial outlook
    17.10.3. Product summary 
    17.10.4. Recent developments
    17.11. Others 
     
    18. List of Abbreviations

    19. Reference Links

    20. Conclusion

    21. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Fire Alarm and Detection Market is projected to reach USD 70.32 billion by 2033, growing at a CAGR of 7.41% during the forecast period.
    Fire Alarm and Detection Market Market size from 2022. The Market is expected to reach USD 70.32 billion by 2033, at a CAGR of 7.41% during the forecast period.
    Fire Alarm and Detection Market CAGR of 7.41% during the forecast period.
    Fire Alarm and Detection Market size is USD 70.32 billion from 2023 to 2033.
    Fire Alarm and Detection Market Segment is covered By Offering, By Product Type, By Detection Technology , By Connectivity.
    The North America is anticipated to have the highest market share in the Premium Bottled Water Market
    The key players in the market include Companies Covered Carrier Global Corporation, Eaton Corporation PLC, Halma PLC, Hochiki Corporation, MindWare, Inc., Ravensburger, Sphero, Inc., Spin Master, The Lego World, VTech Holdings Limited and others
    The major players in Carrier Global Corporation, Eaton Corporation PLC, Halma PLC, Hochiki Corporation, MindWare, Inc., Ravensburger, Sphero, Inc., Spin Master, The Lego World, VTech Holdings Limited and various others.
    Not able to find what you are looking for? Need customization in the existing report?
    Click Here
    PLACE AN ORDER
    • 15% off
       
      $ 4250
    • 20% off
               
      $ 5650
    • 25% off
           
      $ 7450
    Pre-Purchase Inquiry
    SEND AN INQUIRY
    NEED CUSTOMIZATION?
    Request Customization
    CALL OR EMAIL US
    US:
    India:
    Email:
    100% Secure Payment

    SPER American Express
    SPER VISA
    SPER Master Card
    SPER Mestro
    SPER Paypal
    SPER CCAvenues

    Join Our SPER Panel

    Our Global Clients

    Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
    SPER-Astellas Pharma
    SPER-Citi Bank
    SPER-Microsoft
    SPER-EY
    SPER-Sanofi
    SPER-p&g
    SPER-Johnson & Johnson
    SPER-SIEMENS
    SPER-LOREAL
    SPER-Pfizer
    SPER-IPSOS
    SPER-Heineken
    SPER-IQVIA
    SPER-Kankar IMRB
    SPER-PWC
    SPER-Astellas Pharma
    SPER-Citi Bank
    SPER-Microsoft
    SPER-EY
    SPER-Sanofi
    SPER-p&g
    SPER-Johnson & Johnson
    SPER-SIEMENS
    SPER-LOREAL
    SPER-Pfizer
    SPER-IPSOS
    SPER-Heineken
    SPER-IQVIA
    SPER-Kankar IMRB
    SPER-PWC

    SPER

    Market Research

    We are the leading, full-service global market research and consulting company.

    Certificates
    iso-1 iso-1 iso-1 ESOMAR
    Secure Payments
    SPER Payment Options
    Contact HR

     [email protected]

     +91-742-898-5650