Lucintel's latest market report analyzed that smoke detector provides attractive opportunities in the commercial, industrial, and residential end use industries. The smoke detector market is expected to reach $2.40 billion by 2028 with a CAGR of 10.2%. In this market, photoelectric is the largest segment by technology, whereas residential is largest by end use industry.
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Based on technology, the smoke detector market is segmented into photoelectric, dual sensors, and ionization. The photoelectric segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its increasing usage in residential application for detecting smouldering fires.
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The Smoke Detector Market is marked by the presence of several big and small players. Some of the prominent players offering smoke detector include Kidde, Honeywell, Johnson Controls, BRK Brands, Siemens AG, and Hochiki.
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