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In 2022, the global market for intelligent evacuation systems was estimated to be worth $0.68 billion. This figure is expected to increase to $1.19 billion by 2030, showing a compound annual growth rate (CAGR) of 7.4% between 2023 and 2030.
In the event of an emergency, individual safety evacuation methods can be made simpler with the use of a solution that combines computer hardware and software called an intelligent evacuation system. This system establishes a notification and alerting medium that supports a smooth and painless evacuation procedure in a variety of changing event conditions, such as fire, chemical occurrence, extreme weather, and violence. This allows for an evacuation method to be carried out in a smooth and painless manner. The expansion of the market is being driven by the increasing demand for automated building solutions. The development of industry standards and legislation favourable to the creation of smart cities is another factor that contributes to the expansion of the i market. The growing market is anticipated to be hampered, however, by increased costs associated with installation and maintenance. In addition, rise in the market for smart cities is anticipated to present numerous attractive chances for the expansion of the market for intelligent evacuation systems.
The term "evacuation" refers to leaving a location immediately, ensuring one's own safety, and doing so as quickly as possible. It is relevant in the situations that take place within the structure when there is a threat to human health and the safety of incumbents working in infrastructure. Depending on the circumstances, the evacuation will take place through either the emergency exits or the standard exits that are the nearest. Important market participants are making the financial investment necessary to improve evacuation systems by shortening the amount of time required for the evacuation procedure. In addition, the introduction of improved services will provide a competitive advantage, which is an essential factor in the expansion of the market.
In the event of an emergency, safety procedures can be activated thanks to an intelligent evacuation system. In the event that an emergency situation or some critical events take place, such as a fire, really poor atmospheric condition, or hazardous issue, the complete system notifies or sends an alert, which assists in having the hassle-free evacuation of folks. This notification or alert can be found here. The market for intelligent evacuation systems is expanding at an exponential rate as a result of rising demand for more complex emergency response systems, building automation and control systems, and in a variety of other applications. Furthermore, the ongoing rise in the use of highly advanced evacuation systems in emerging and developing economies is anticipated to provide further enormous prospects for the companies that are currently active in the market for intelligent evacuation systems. The study focuses on growth opportunities, restrictions, and trends in the market analysis for intelligent evacuation systems. The research presents an analysis of Porter's five forces to understand the impact of several factors on the market share for intelligent evacuation systems. These aspects include the bargaining power of buyers, the competitive intensity of competitors, the threat of new entrants, and the threat of substitutes.
The development of intelligent evacuation systems requires the integration of several software and hardware components. In order to rapidly and safely evacuate people from residential, commercial, and industrial buildings, the implementation of such systems is extremely vital. In addition to digitization, the utilisation of cutting-edge technologies, including as artificial intelligence (AI), machine learning (ML), and virtual reality (VR), in the system plays an essential role in the detection of smoke, fire, and poisonous chemicals in the building so that evacuation operations can be carried out. In addition, a growing number of residential and small commercial locations are adopting smart evacuation systems because of the ease with which they function and the fast services they provide.
An intelligent evacuation system is made up of a number of different components, some of which are gas sensors, temperature/humidity sensors, vibration sensors, and an LED alert, amongst others. If each of these components were to be purchased on its own, the overall cost of purchasing this system would be very high. In addition to this, the system has substantial expenditures associated with its installation and maintenance. Also, in order to keep abundant amounts of data in a secure manner, it requires data centres or server rooms, which may be beyond the financial means of residential and small commercial buildings. As a result, the aforementioned considerations are anticipated to operate as a barrier to the expansion of the market for intelligent evacuation systems.
Report Coverage
Global Intelligent Evacuation System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Intelligent Evacuation System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Intelligent Evacuation System competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Intelligent Evacuation System market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Intelligent Evacuation System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Intelligent Evacuation System market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ABB Group, Automated Logic, Beckhoff Automation GmbH & Co. KG, Eaton Corporation Plc, HOCHIKI Corporation, Honeywell International, Johnson Controls International Plc, Legrand, Robert Bosch GmbH, Siemens AG
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Intelligent Evacuation System market based on the below-mentioned segments:
Global Intelligent Evacuation System Market, By Type
Public Address System
Voice Alarm System
Mass Notification System
Emergency Lighting
Global Intelligent Evacuation System Market, By End User
Commercial
Residential
Industrial
Global Intelligent Evacuation System market, Regional Analysis
In the event of an emergency, individual safety evacuation methods can be made simpler with the use of a solution that combines computer hardware and software called an intelligent evacuation system. This system establishes a notification and alerting medium that supports a smooth and painless evacuation procedure in a variety of changing event conditions, such as fire, chemical occurrence, extreme weather, and violence. This allows for an evacuation method to be carried out in a smooth and painless manner. The expansion of the market is being driven by the increasing demand for automated building solutions. The development of industry standards and legislation favourable to the creation of smart cities is another factor that contributes to the expansion of the i market. The growing market is anticipated to be hampered, however, by increased costs associated with installation and maintenance. In addition, rise in the market for smart cities is anticipated to present numerous attractive chances for the expansion of the market for intelligent evacuation systems.
The term "evacuation" refers to leaving a location immediately, ensuring one's own safety, and doing so as quickly as possible. It is relevant in the situations that take place within the structure when there is a threat to human health and the safety of incumbents working in infrastructure. Depending on the circumstances, the evacuation will take place through either the emergency exits or the standard exits that are the nearest. Important market participants are making the financial investment necessary to improve evacuation systems by shortening the amount of time required for the evacuation procedure. In addition, the introduction of improved services will provide a competitive advantage, which is an essential factor in the expansion of the market.
In the event of an emergency, safety procedures can be activated thanks to an intelligent evacuation system. In the event that an emergency situation or some critical events take place, such as a fire, really poor atmospheric condition, or hazardous issue, the complete system notifies or sends an alert, which assists in having the hassle-free evacuation of folks. This notification or alert can be found here. The market for intelligent evacuation systems is expanding at an exponential rate as a result of rising demand for more complex emergency response systems, building automation and control systems, and in a variety of other applications. Furthermore, the ongoing rise in the use of highly advanced evacuation systems in emerging and developing economies is anticipated to provide further enormous prospects for the companies that are currently active in the market for intelligent evacuation systems. The study focuses on growth opportunities, restrictions, and trends in the market analysis for intelligent evacuation systems. The research presents an analysis of Porter's five forces to understand the impact of several factors on the market share for intelligent evacuation systems. These aspects include the bargaining power of buyers, the competitive intensity of competitors, the threat of new entrants, and the threat of substitutes.
The development of intelligent evacuation systems requires the integration of several software and hardware components. In order to rapidly and safely evacuate people from residential, commercial, and industrial buildings, the implementation of such systems is extremely vital. In addition to digitization, the utilisation of cutting-edge technologies, including as artificial intelligence (AI), machine learning (ML), and virtual reality (VR), in the system plays an essential role in the detection of smoke, fire, and poisonous chemicals in the building so that evacuation operations can be carried out. In addition, a growing number of residential and small commercial locations are adopting smart evacuation systems because of the ease with which they function and the fast services they provide.
An intelligent evacuation system is made up of a number of different components, some of which are gas sensors, temperature/humidity sensors, vibration sensors, and an LED alert, amongst others. If each of these components were to be purchased on its own, the overall cost of purchasing this system would be very high. In addition to this, the system has substantial expenditures associated with its installation and maintenance. Also, in order to keep abundant amounts of data in a secure manner, it requires data centres or server rooms, which may be beyond the financial means of residential and small commercial buildings. As a result, the aforementioned considerations are anticipated to operate as a barrier to the expansion of the market for intelligent evacuation systems.
Report Coverage
Global Intelligent Evacuation System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Intelligent Evacuation System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Intelligent Evacuation System competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Intelligent Evacuation System market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ABB Group, Automated Logic, Beckhoff Automation GmbH & Co. KG, Eaton Corporation Plc, HOCHIKI Corporation, Honeywell International, Johnson Controls International Plc, Legrand, Robert Bosch GmbH, Siemens AG |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Intelligent Evacuation System Market from 2021 to 2030.
- Market Forecast for Intelligent Evacuation System Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Intelligent Evacuation System competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Intelligent Evacuation System
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Intelligent Evacuation System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Intelligent Evacuation System market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ABB Group, Automated Logic, Beckhoff Automation GmbH & Co. KG, Eaton Corporation Plc, HOCHIKI Corporation, Honeywell International, Johnson Controls International Plc, Legrand, Robert Bosch GmbH, Siemens AG
Primary Target Market
- Market Players of Intelligent Evacuation System
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Intelligent Evacuation System market based on the below-mentioned segments:
Global Intelligent Evacuation System Market, By Type
Public Address System
Voice Alarm System
Mass Notification System
Emergency Lighting
Global Intelligent Evacuation System Market, By End User
Commercial
Residential
Industrial
Global Intelligent Evacuation System market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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