The future of the global fire detector market looks promising with opportunities in the commercial, public institution, industrial and residential sectors. The global fire detector market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $7.1 billion by 2025 with a CAGR of 6% to 8% from 2020 to 2025. The major drivers for this market are growth in construction industry and stringent government regulations for fire safety.
 

Emerging trends, which have a direct impact on the dynamics of the industry, include development of multi IR detector are introduction of new standard to reduce false alarming rate. Honeywell International, Johnson Controls, United Technologies Corporation, London Security, and Hochiki are among the major fire detectors manufacturers. 
 

A total of 122 figures / charts and 81 tables are provided in this 181-page report to help in your business decisions. Sample figures with insights are shown below. To learn the scope of benefits, companies researched, and other details of fire detector market report, download the report brochure.

 

In this market, commercial is the largest end use industry, whereas fire detector is largest segment by product type. Growth in various segments of the fire detector market are given below:

Fire Detector Market by Segments