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Limited China, and others. Intended AudienceRaw material and equipment suppliersIntegrated device manufacturers IDMsTechnology platform developersSmoke detector manufacturersOriginal design manufacturers ODMsOriginal equipment manufacturers OEMsODM and OEM technology solution providersDistributors and resellersResearch organizationsSmart Smoke Detector Market by Type Ionization, Photoelectric, Service Testing, Installation, Maintenance, Power Source, Connectivity Wi Fi, Bluetooth, ZigBee, End User Residential, Industrial, Commercial Global Forecast To 2023Market SynopsisThe global smart smoke detector market was valued at USD 971 million in 2017 and is expected to reach USD 1,533 million by the end of forecast period with a CAGR of 8. 2%. The demand for smart smoke detectors has risen owing to concerns regarding fire safety and increased adoption of smart devices. A smart smoke detector system consists of four components namely sensors, processing unit, communication system, and alarm system. The sensors monitor the air in environment and detect for smoke particles which are
prone to cause hazardous situation. The information obtained by these sensors is then analyzed and checked for any mishap that might take place in a period of time. This information is sent to user’s device such as smartphone or tablet through wireless connections using communication platform such as Wi Fi, Bluetooth, ZigBee, and Z Wave, among others. In case of fire or smoke, the alarm in the detector triggers and notifications are sent to all the connected devices. With the advent of artificial intelligence and internet of things IoT in the development of smart devices, the market for smart smoke detector has become lucrative for manufacturers to integrate these technologies in smoke detectors,
encouraging them develop new products in smoke detector. The major factor attributing to the growth of smart smoke detector market includes growing number of fatal injuries in commercial buildings and industrial premises.