Lucintel's latest market report analyzed that Wi-Fi fire detector technology provides attractive opportunities in the residential, commercial, and industrial sectors. The Wi-Fi fire detector technology market is expected to reach $0.20 billion by 2028 with a CAGR of 14.8%. In this market, hybrid is the largest segment by system type, whereas residential is largest by end use industry.
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Based on system type, the Wi-Fi fire detector technology market is segmented into fully wireless and hybrid. The hybrid 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 growing usage in new construction as well retrofit application as it is affordable, ensures good connectivity, and requires low installation charges.
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The Wi-Fi Fire Detector Technology Market is marked by the presence of several big and small players. Some of the prominent players offering Wi-Fi fire detector technology include Robert Bosch, Siemens, Honeywell, Tyco International, and Halma.
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