The global intelligent evacuation system market was valued at $504 million in 2016, and is projected to reach $775 million by 2023, growing at a CAGR of 6.7% from 2017 to 2023. Intelligent evacuation system is a type of alert and response generation facility designed to enhance the safety level of individuals endangered due to the occurrence of an emergency situation. It facilitates a suitable and safe evacuation procedure. This system conducts orderly evacuation and notifies building and surrounding occupants of variety of changing event circumstances, such as fire situation, toxic incident, extreme weather condition, violence, and others. It generally consists of a set of hardware and software that enables automated response solution.
The intelligent evacuation system market is expected to experience significant growth during the forecast period, owing to technological innovation in product offerings, rise in adoption for building automation and control system solutions, increase in application areas among end users, and heavy venture capital investments in R&D activities to develop solutions with enhanced capabilities. Moreover, constant development of the supportive regulatory structure fuels the demand for intelligent evacuation system products. In addition, increase in adoption of smart construction is expected to boost the intelligent evacuation system market growth in the coming years. However, high initial costs of implementation and dearth of trained professionals to implement the right solution for the specific needs among consumers hinders the growth of the market.
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The global intelligent evacuation system market is segmented based on type, end user, and geography. By type, the market is divided into voice evacuation system, mass notification system, and emergency lighting. On the basis of end-user, it is classified into commercial, industrial, and residential. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.
In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.
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It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an overview of the trends, structure, drivers, challenges, and opportunities in the global intelligent evacuation system market.
Porter’s Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the market to determine the investment pockets.
Current and future trends adopted by the key market players are highlighted to determine overall competitiveness.
The quantitative analysis of the intelligent evacuation system market growth from 2017 to 2023 is provided to elaborate the market potential.
The key players profiled in the report are as follows:
Robert Bosch GmbH
HOCHIKI Corporation
Honeywell International
Johnson Controls International Plc
Siemens AG
Legrand
ABB Group
Automated Logic
Beckhoff Automation GmbH &Co. KG
Eaton Corporation Plc
Intelligent Evacuation System Market Key Segments:
By Deployment
Voice Evacuation System
Mass Notification System
Emergency Lighting
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By End Users
Commercial
Industrial
Residential
By Region
North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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