Laser Smoke Detector Market Size To Expand at a Notable CAGR Of 8.2% During 2018 - 2023

Pune, India, January 28, 2019, MRFR Press Release/Market Research Future published a half-cooked research report on the global laser smoke detector market.

Market Highlights

With the increasing incindents of fire hazards, the adoption of laser smoke detectors is increasing. Additionally, these smoke detectors provides real-time information of the fire situation, which helps the residents as well as industrialists to manage the fize hazard. Moreover, with smart connected devices and smart homes, these smoke detectors are integrated with other security measures to reduce the hazard. However, the lack of awareness among the end-uses is creating a challenge for the market growth.

Key Players

The key players in the laser smoke detector market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are—Samsung Electronics Co. Ltd (South Korea), Roost Inc. (US), Huawei Technologies Co. Ltd (China), BRK Brands Inc. (US), Honeywell International Inc. (US), AMP Security (US), United Technologies Corporation (US), Birdi (US), Leeo Inc. (US), Ornicom (Belgium), and System Sensor (US).

Apart from the top key players, the other players contribute nearly 30–35 % in the Laser smoke detector market. These include Netatmo (France), Elgato (Germany), Universal Security Instruments Inc. (US), Gentex Corporation (US), UIC Corporation (US), Hanwei Electronics Group Corporation (China), Xtralis Pty Ltd (Ireland), Erlab (US), Lowe's Companies Inc, (US), The Crow Group (Israel), Nietzsche Enterprise Co. Ltd (Taiwan), Full Enterprise Corp. (Taiwan), Heiman Co. Limited (China) and others.

Regional Analysis

The market for laser smoke detector is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of unified communication and collaboration market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).

North America is the dominating region in terms of revenue generation. On the other hand, Europe is the second dominating region. One of the major challenging factors that refrain the market growth are the resident users which do not easily switch to newer technologies. On the contrary, Asia-Pacific is expected to grow with a highest CAGR during the forecast period. dMoreover, UAE is expected to be the highest revenue generating market in laser smoke detectors market owing to heavily investment in shifting from traditional manufacturing infrastructure into a smart factories and industries.