PUBLISHER: IMARC | PRODUCT CODE: 1518590
PUBLISHER: IMARC | PRODUCT CODE: 1518590
The global intelligent evacuation system market size reached US$ 758.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,171.1 Million by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.
An intelligent evacuation system is an alert and response generation solution used to enhance the safety level of individuals endangered due to an emergency. It includes various integrated hardware and software systems that facilitate in administering the safety protocol by generating notifications and alerts to initiate hassle-free evacuation during natural disasters, extreme weather conditions or violence. The system is deployed through fire alarms, voice evacuation, emergency lighting and mass notification systems. They are installed in the stairs, elevators, sky-bridges and refuge areas to implement total, phased, defend-in-place and delayed evacuation strategies in high-rise buildings, industrial plants, shopping malls and movie theaters.
The increasing requirement for advanced emergency response systems across the globe is one of the key factors driving the growth of the market. Governments of both developed and emerging economies are mandating the installation of intelligent evacuation systems in the residential and commercial complexes to increase public safety and minimize casualties. Moreover, the widespread adoption of building automation and control systems is providing a thrust to the market growth. Various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), artificial intelligence (AI) and cloud computing solutions, are acting as other growth-inducing factors. These solutions are also widely deployed in the smart constructions integrated with crowd monitoring solutions, such as global position system (GPS), Bluetooth, computer vision, radio frequency identification (RFID) and infrared (IR) transmitters and receivers, to facilitate controlled evacuations. Other factors, including the implementation of favorable government policies, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global intelligent evacuation system market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on deployment and end users.
Voice Evacuation System
Mass Notification System
Emergency Lighting
Commercial
Industrial
Residential
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
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.