Lucintel's latest market report analyzed that fire detector provides attractive opportunities in the commercial, public institution, industrial, and residential sectors. The fire detector market is expected to reach $8.1 billion by 2027 with a CAGR of 6.5%. In this market, flame detector is the largest segment by product, whereas wired is largest by technology. The development of multi IR detectors and the introduction of new standards to reduce false alarms provides strategic growth path in this market.
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Based on product, the fire detector market is segmented into smoke detector, flame detector, heat and others. The flame detector segment is accounted for the largest share of the market in 2021 due to growing security concern increases demand for fire detectors.
Browse in-depth TOC on “Fire Detector Market”
81 – Tables
122 – Figures
181 – Pages
The fire detector market is marked by the presence of several big and small players. Some of the prominent players offering fire detector include Honeywell International, Johnson Controls, United Technologies Corporation, London Security, and Hochiki.
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