According to the latest report by IMARC Group, “Global Intelligent Evacuation System Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global intelligent evacuation system market reached a value of US$ 674.1 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 950.82 Million by 2027, exhibiting a CAGR of 5.70% during 2022-2027.
An intelligent evacuation system is a solution developed to alert and generate a response to improve the safety level of individuals endangered in an emergency. It consists of various integrated hardware and software systems that ease the administration of the safety protocol by generating alerts and notifications to start a hassle-free evacuation during the violence, extreme weather conditions, or natural disasters. The intelligent evacuation system is deployed through emergency lighting, voice evacuations, mass notification systems, and fire alarms. They are positioned in the elevators, sky-bridges, stairs, and refuge areas to implement phased, delayed, defend-in-place, and total evacuation strategies in industrial plants, movie theatres, shopping malls, and high-rise buildings.
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COVID-19 Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Intelligent Evacuation System Market Trends and Drivers:
One of the primary factors driving the market is the rising adoption of building automation and control systems and the rising requirement for advanced emergency response systems worldwide. Additionally, the governments of various nations have mandated the installation of intelligent evacuation systems in commercial and residential complexes to enhance public safety and reduce casualties.
Besides this, the deployment of these systems in the smart constructions integrated with crowd monitoring solutions, including Bluetooth, radio frequency identification (RFID), infrared transmitters (IR), computer vision, and receivers to ease controlled evacuations, represents another major growth-inducing factor. Moreover, stringent government policies, extensive research and development (R&D) activities, and several technological advancements, such as the integration of connected devices with the Internet of Things (IoT), artificial intelligence (AI), and cloud computing solutions, are other major factors escalating the demand for intelligent evacuation systems.
Global Intelligent Evacuation System Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
ABB Ltd, Automated Logic Corporation (Carrier Global Corporation), Beckhoff Automation GmbH & Co. KG, Eaton Corp. Plc, Hochiki Corporation, Honeywell International Inc., Johnson Controls International Plc, Legrand, Robert Bosch GmbH and Siemens AG.
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The report has segmented the market on the basis of region, deployment and end users.
Breakup by Deployment:
- Voice Evacuation System
- Mass Notification System
- Emergency Lighting
Breakup by End Users:
- Commercial
- Industrial
- Residential
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Key Questions Answered in This Report:
- How has the global intelligent evacuation system market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global intelligent evacuation system market?
- What are the key regional markets?
