Intelligent Evacuation System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Intelligent Evacuation System Market
The global intelligent evacuation system market size was valued at USD 13.88 billion in 2022. The market is projected to grow from USD 15.38 billion in 2023 to USD 34.24 billion by 2030, exhibiting a CAGR of 12.1% during the forecast period from 2023 to 2030.
COVID-19 promoted building owners to prioritize protection, leading to increased demand for gadget enhancements and area reconfigurations. Despite monetary constraints, they adapt to suggestions for fitness exams and social distancing, using marketplace growth.
The intelligent evacuation system market growth is due to the adoption of innovative technologies like AI, ML, and VR, which enhance evacuation procedures by swiftly detecting hazards like smoke and toxic gases. Cloud-based solutions and increasing awareness of emergency procedures are also driving market growth, along with R&D efforts by key players globally.
Governments worldwide are emphasizing protection guidelines, using the shrewd evacuation machine market. Regulations like OSHA, NFPA codes, and worldwide fire codes implement checking out and upkeep standards, highlighting the want for efficient emergency conversation technology to save casualties and properties harm.
Comprehensive Analysis of Intelligent Evacuation System Market
Segmentation in the Intelligent Evacuation System market share is runs the market beacuse it allows the companies to target precise customers with tailored offerings and solutions.The intelligent evacuation system market can be sorted into different types based on their functions, including public address systems, voice alarm systems, mass notification systems, and emergency lighting. These systems are designed to help people evacuate buildings safely during emergencies by providing clear instructions and alerts. Furthermore, the market can also be divided by who uses these systems, such as commercial buildings like offices and malls, residential areas like apartments and houses, and industrial facilities like factories and warehouses. So, you've got different types of systems for different places, all aimed at keeping people safe during emergencies.
North America leads the market due to high demand for intelligent evacuation systems across various industries. The region experiences a surge in digital data from social media, web, and sensors, driving innovation and growth opportunities for key players in the U.S. and Canada.
Key players impact market size by investing in innovative systems, forming partnerships, and expanding product offerings. Through strategic acquisitions and collaborations, they enhance operations, scale sales, and broaden customer reach.The key players in the intelligent evacuation system market include Honeywell International Inc. (U.S.), Siemens (Germany), ABB (Switzerland), Johnson Controls (Ireland), Eaton (Ireland), Hochiki Corporation (Japan), Robert Bosch S.A. (Germany), Legrand (France), TOA Corporation (Japan), and Norden Communication UK Ltd (U.K.).
March 2023 – Hochiki launched FIREscape Nepto, the next generation of emergency lighting systems. This new system includes new benefits and features driven by technology innovations in the R&D process.
Segementation Table
Global Intelligent Evacuation System Market Scope
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 12.1% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Type, End-user, and Region
By Type - Public Address System
- Voice Alarm System
- Mass Notification System
- Emergency Lighting
By End-user - Commercial
- Residential
- Industrial
By Region - North America (By Type, End-user, and Country)
U.S.
Canada
Mexico
- Europe (By Type, End-user, and Country)
U.K.
Germany
France
Italy
Spain
Russia
Benelux
Nordics
Rest of Europe
- Asia Pacific (By Type, End-user, and Country)
China
India
Japan
South Korea
ASEAN
Oceania
Rest of Asia Pacific
- Middle East & Africa (By Type, End-user, and Country)
Turkey
Israel
GCC
North Africa
South Africa
Rest of Middle East & Africa
- South America (By Type, End-user, and Country)
Brazil
Argentina
Rest of South America
Please Note: It will take 5-6 business days to complete the report upon order confirmation.