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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 (New Installation, Retrofit), By Application (Residential, Industrial, Commercial [BFSI, Education, Government, Healthcare, Hospitality, Retail]), COVID19 Impact Analysis, Application Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI2493
  • Published Date: Nov 2022
  • Report Format: PDF

Industry Statistics

Wireless Fire Detection Systems Market size surpassed USD 2 billion in 2022 and is projected to record 8% CAGR during 2023-2032.
 

Wireless Fire Detection Systems Market

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The growing popularity of these fire alarm systems resulting from their capacity to deliver secure, continuous, and reliable detection while facilitating communication over a wireless connection, is projected to propel the industry demand. Furthermore, the continuous improvements in AI and IoT will support evolving representations of remote fire detection frameworks for the wireless fire detection systems market.
 

High implementation cost to limit installation of wireless fire detection system

The high installation cost of wireless fire detection systems as compared to manual fire detection systems is anticipated to decelerate their adoption. The wireless fire detection system is associated with high maintenance cost and low-reliability perception, which is further hampering the market growth. However, the development of less expensive and simple fire detection systems has been fueled by the emergence of new technologies and the rising need for automation across industries which will overcome this industry restraint in the coming years.
 

Technological developments to increase input/output modules segmental share

The Input/output modules component is expected to be worth USD 200 million by 2032. Fire modules consist of well-designed wireless protocol mechanisms to receive signals and transmit them to the fire alarm panels. The increasing need of I/O modules is associated to the technological advancements in sensors, detectors, and other input sources of wireless fire detection systems, which will increase product acceptance.
 

Favorable product characteristics to surge demand for smoke detectors

The wireless fire detection systems market from smoke detector product type will register about USD 2 billion revenues in 2032. Smoke alarms are inexpensive and have multiple benefits such as simple electronics and minimal maintenance, which has influenced their espousal. Industry players are creating advanced laser and photoelectric smoke detectors to capitalize on the growing demand for fire-sensing technology.
 

Combined dependability feature of hybrid fire detection systems

Wireless Fire Detection System Market Size, by Model

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The hybrid fire detection model is said to attain 5% gains through 2032 as they are suitable for both new construction and retrofit environments. A hybrid system does not rely exclusively on wireless technology to function efficiently since it combines the dependability of hardwired components with wireless technology, making it a highly preferred fire detection model.
 

Rising demand for building automation to foster new installation fire detection systems

The new installation type will value for more than USD 2 billion by 2032. The new wireless fire detection system provide quick emergency alerts and communication, as well as speedy information transfer to local fire departments and emergency response teams. The expansion for new installation in the wireless fire detection systems market is being driven by the rising demand for building automation globally.
 

Safety mandates to boost industrial applications of fire detection systems

Wireless Fire Detection System Market Size, by Application

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The wireless fire detection systems industry from industrial applications will observe 6% growth between 2023 and 2032, given the rise in retrofitting of industries on account of burgeoning number of strict safety standards worldwide to comply with best manufacturing practices.
 

Numerous residential construction projects to propel Europe industry

The Europe wireless fire detection systems market is poised to attain 10% gains through 2032. Ongoing construction of residential buildings such bungalows, flats, private residences, and apartments in the region will create a potential industry landscape for wireless fire detection systems. Additionally, the government administrations are encouraging businesses to implement cutting-edge technology to support industrial automation, which will further supplement the regional growth.
 

Adoption of advanced technologies to strengthen the industry outlook

Some of the top players in the wireless fire detection system business scenario are Johnson Controls, Honeywell International Inc., Carrier, Siemens AG, Honeywell International Inc. The ecosystem also includes several prominent enterprises such as Halma Plc, HOCHIKI Corporation, EuroFyre Ltd., and EMS Security Group Ltd. The industry will see several product ranges and developments by the participants.
 

Impact of Covid-19 pandemic on industry trends

The pandemic halted many regular economic activities, which initially restrained market expansion. The regulations for fire safety, though, were not waived. The maintenance of buildings and their occupants is still a major priority, and the enforcement of regulations to protect public health is still operational, and unaffected by the coronavirus. Those fundamental guidelines won't change as the crisis evolves and the lockdown eases which will support the ongoing growth of the wireless fire detection systems market.
 

This market research report on wireless fire detection systems includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:

Market, By Component

  • Sensors
  • Call points
  • Fire alarm panels
  • Input/output modules
  • Others

Market, By Products

  • Smoke detector
    • Photoelectric
    • Ionization
    • Dual sensor
    • Others
  • Gas detector
  • Heat 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 is provided on a regional and country basis for the following:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • U.K
  • France
  • Italy
  • Russia
  • Spain
  • Sweden
  • Denmark
  • Norway
  • Finland

Asia Pacific

  • China
  • India
  • Japan
  • Thailand
  • Singapore
  • Australia

Latin America

  • Brazil
  • Mexico
  • Argentina

MEA

  • UAE
  • Saudi Arabia
  • South Africa
     
Authors: Preeti Wadhwani, Prasenjit Saha

Frequently Asked Questions (FAQ) :

The market size of wireless fire detection surpassed USD 2 billion in 2022 and is projected to witness over 8% CAGR during 2023-2032, according to GMI report.

Strict security mandates have positively influenced the adoption of fire detection system in industrial settings, which will push the demand at around 6% growth rate through 2032.

Europe wireless fire detection systems industry is expected to observe 10% growth from 2023 to 2032 owing to the rising construction of residential infrastructures and government administrations supporting industries across the region.

The prominent enterprises operating in the business scenario are Johnson Controls, Honeywell International Inc., Carrier, Siemens AG, Honeywell International Inc., Halma Plc, HOCHIKI Corporation, EuroFyre Ltd., and EMS Security Group Ltd. and many more.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 819
  • Countries covered: 24
  • Pages: 370

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