Wireless Fire Detection Systems Market Size By Component (Sensor, Call Point, Fire Alarm Panel, Input/Output Module), By Product (Smoke Detector [Photoelectric, Ionization, Dual Sensor], Heat Detector, Gas Detector, Multi-sensor Detector), By Model (Fully Wireless, Hybrid), By Installation Type (New Installation, Retrofit), By Application (Residential, Industrial, Commercial [BFSI, Education, Government, Healthcare, Hospitality, Retail]) Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026

Published Date: Nov 2020  |  Report ID: GMI2493  |  Authors: Preeti Wadhwani, Prasenjit Saha

Report Format: PDF   |   Pages: 330   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Wireless Fire Detection Systems Market size surpassed USD 600 million in 2019 and is poised to grow at over 10% CAGR between 2020 and 2026.
 

The growing trend of adopting wireless connected safety systems in residential and commercial buildings will drive the industry growth. Furthermore, significant improvement in standards and regulations related to fire safety in several countries across the globe is providing new opportunities for the market expansion.
 

Wireless Fire Detection Systems Market

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Advancements in IoT and AI technologies are supporting the growing representation of wireless fire detection systems market. IoT allows connected fire alarm systems to send real-time alerts to smart devices such as mobile phones and smartwatches. The ability of IoT-enabled wireless fire detection systems to prevent fire accidents and injuries is positively influencing the market revenue.
 

One of the major challenges impacting the industry is the high cost of wireless fire detection systems. These systems are manufactured using high-quality components, such as sensors, detectors, and microprocessors, which contribute to the high cost of manufacturing. Complex circuitry and pneumatic electronic components further add to the cost. The market demand for wireless fire detection systems is also restricted by the abundant availability of low-cost smoke and fire alarms. However, the gradually decreasing cost of sensors and detectors is expected to sustain the market over the coming years.
 

The wireless fire detection systems industry size is witnessing a decline in 2020 due to volatile global economic conditions. The rapid spread of the COVID-19 pandemic across the globe has severely impacted the economic indicators such as consumer disposable income and GDP. Rising financial insecurities are encouraging consumers to postpone the purchase of high-end electronics. The market data predicts an improvement in sales of wireless fire alarms with the global economic revival.
 

Wireless Fire Detection Systems Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 600 Million (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 10% 2026 Value Projection: 1 Billion (USD)
Pages: 330 Tables, Charts & Figures: 670
Geographies covered (20): U.S., Canada, UK, Germany, France, Spain, Italy, Russia, China, India, Japan, Thailand, Singapore, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa
Segments covered: Component, Product, Model, Installation Type, Application
Companies covered (15): Ceasefire Industries Pvt. Ltd, CWSI Systems, Detectomat GmbH, Electro Detectors Ltd, EMS Wireless Fire & Security Ltd, Eurofyre Ltd, Halma PLC, Hochiki Corporation, Honeywell International Inc. (Esser), Johnson Controls (Tyco), Napco Security Technologies, Inc., Robert Bosch GmbH, Siemens AG, Raytheon Technologies Corporation, Zeta Alarm Systems
Growth Drivers:
  • Growing demand for residential fire safety in North America
  • Stringent fire safety regulations and standards in Europe
  • Positive economic outlook and increasing awareness related to fire safety in Asia Pacific
  • Proliferation of integrated IoT solutions in Latin America
  • Growing infrastructure development in MEA
Pitfalls & Challenges:
  • High initial cost of wireless fire detection systems
  • Consumer perception associated with low reliability of devices

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Increasing demand for intelligent sensors

The sensors segment held over 55% market share in 2019. The ability of a technologically advanced sensor to efficiently interact with fire alarm panels and transfer real-time data is expected to augment the product adoption. Features including high sensitivity, long battery life, and LED indicators will further increase market penetration.
 

Amplifying trend of fully wireless fire detection systems

Wireless Fire Detection System Market

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Fully wireless fire detection systems market is projected to witness a growth rate of over 11% through 2026 owing to the convenient installation and maintenance offered by these systems. Fully wireless systems do not require complicated wiring installations and are also characterized by easy installation compared to their counterparts, contributing to the industry size expansion.
 

Flexibility of multi-sensor detectors driving the market revenues

The multi-sensor detector segment value was over USD 50 million in 2019. The ability of multi-sensor detectors to detect both heat and smoke will increase their demand. The compact size and multi-functionality offered by these detectors are anticipated to boost the market demand.
 

Growing demand for safety in residential areas will augment the market outlook

The residential application segment accounted for around 20% wireless fire detection systems market share in 2019. The application is contributing significantly to the overall market growth due to the growing number of fire accidents in residential buildings. Unattended cooking appliances are one of the principle causes resulting in domestic fire accidents in several countries across the globe.
 

High adoption of retrofit systems in the market

Frequent revision and introduction of new laws related to fire safety in commercial and residential areas are propelling the market share of retrofit systems. Several benefits offered by retrofit systems including minimum changes to the existing wiring and less time for installation & low installation costs are expected to enhance the adoption of retrofit wireless fire detection systems.
 

High penetration across the residential sector in North America

North America Wireless Fire Detection System Market

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The North America wireless fire detection systems market was valued at around USD 250 million in 2019. High consumer inclination toward improving the safety of their homes from hazardous fire incidents is driving the market. According to a report by the USFA in 2018, more than 379,000 residential fires occurred in the U.S. The presence of a technologically sound population in the region is also positively influencing the market statistics.
 

The popularity of smart homes and intelligent building management systems in the U.S. along with high spending capacity on such technologies is driving the product demand. The growing market in the North America is attributed to the development of public & private infrastructures with digital & technical advancements, adding up to the demand for wireless fire alarm systems. The presence of several leading global players & government policies supporting their development is compelling consumers to utilize these technologies at a rapid pace.
 

Strong emphasis of wireless fire detection system companies on R&D

Key players operating in the market are Siemens AG, Electro Detectors Ltd., EMS Wireless Fire and Security Ltd., Sterling Safety Systems, EuroFyre Ltd., Honeywell International, Inc., Tyco International PLC, Halma PLC, HOCHIKI Corporation, Detectomat GmbH, and Robert Bosch GmbH.
 

Industry participants are investing in R&D and innovation to develop technologically advanced solutions to improve the features of their wireless fire detection systems. For instance, in November 2020, Honeywell International, Inc. launched a cloud-based solution that provides enhanced visibility and connectivity to its fire detection systems. The Connected Life Safety Services solution enhances the operational efficiency of newly installed and retrofitted wireless fire detection systems.
 

Gradually declining prices of electronic components to manufacture wireless fire detection systems are reducing the barriers to entry in the market for new players. This has led to the emergence of several start-ups in the global market.
 

The wireless fire detection systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2020 to 2026 for the following segments:

Market, By Component

  • Sensor
  • Call Point
  • Fire Alarm Panel
  • Input/Output Module
  • Others

Market, By By Product

  • Smoke Detector
    • Photoelectric
    • Ionization
    • Dual sensor
    • Others
  • Heat Detector
  • Gas Detector
  • Multi-sensor Detector

Market, By Model

  • Fully wireless
  • Hybrid

Market, By Installation Type

  • New installation
  • Retrofit

Market, By Application

  • Residential
  • Industrial
  • Commercial
    • BFSI
    • Education
    • Government
    • Healthcare
    • Hospitality
    • Retail
    • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
    • Thailand
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa

 

Frequently Asked Questions (FAQ) :

The global industry share of wireless fire detection systems exceeded USD 600 million in 2019 and is likely to grow at more than 10% CAGR through 2026.
The North American market revenue was valued at nearly USD 250 million in 2019. The rising consumer inclination toward improving the safety of their homes from dangerous fire incidents will fuel the market growth.
The fully wireless fire detection systems segment share is estimated to grow at over 11% rate through 2026 continent installation and maintenance offered by the product.
Key players operating in the market are Siemens AG, Electro Detectors Ltd., EMS Wireless Fire and Security Ltd., Sterling Safety Systems, EuroFyre Ltd., Honeywell International, Inc., Tyco International PLC, Halma PLC, HOCHIKI Corporation, Detectomat GmbH, and Robert Bosch GmbH.
The sensors segment captured more than 55% market share in 2019 and is set to witness a substantial expansion owing to its features like long battery life, high sensitivity, and LED indicators.

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Premium Report Details

  • Published Date: Nov 2020
  • Pages: 330
  • Tables: 649
  • Charts / Figures: 21
  • Companies covered: 15
  • Countries covered: 20

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