Intelligent Evacuation System Market Size | Industry Report, Share, Growth and Trends 2022-27

According to the latest report by IMARC Group, titled "Intelligent Evacuation System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global intelligent evacuation system market reached a value of US$ 674.1 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 950.82 Million by 2027, exhibiting a growth rate (CAGR) of 5.70% during 2022-2027.

What is an intelligent evacuation system?

An intelligent evacuation system is an alert and response generation solution to enhance the safety level of individuals during an emergency. It includes various integrated software and hardware system which stimulate the safety protocol by generating notifications and alerts to conduct hassle-free evacuation during natural violence, disasters, and extreme weather conditions. It provides various benefits, such as accurate and real-time count of evacuees, increased accountability, availability of last-known location, robust reporting functionality, regulatory compliance, optimum security, and reaffirms commitment to safety and health standards. As a result, intelligent evacuation systems are installed in commercial, residential, and industrial sectors.

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Year considered to estimate the market size:

• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

What are the major market drivers in the intelligent evacuation system market?

The market is primarily driven by rising consumer awareness regarding safety and security, and the consequent requirement for advanced emergency response systems. In addition, the implementation of favorable government policies to install intelligent evacuation systems in commercial, industrial, and residential complexes to increase public safety and reduce casualties is contributing to market growth. Moreover, the widespread adoption of building automation and control systems is accelerating the product adoption rate. Besides this, continual technological advancements, including the integration of connected devices with artificial intelligence (AI), cloud computing solutions, and the Internet of Things (IoT), represents another major growth-inducing factor.

These solutions are extensively used in smart constructions incorporated with crowd monitoring solutions, such as Bluetooth, computer vision, global position system (GPS), radio frequency identification (RFID), and infrared (IR) transmitters and receivers, to stimulate controlled evacuations. Furthermore, extensive research and development (RD) activities conducted by key players and the escalating demand for automated building and home security solutions are creating a positive market outlook.

List of Major Key Players:

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.

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Key Market Segmentation:

The report has segmented the market on the basis of region, deployment and end users.

Breakup by Deployment:

• Voice Evacuation System
• Mass Notification System
• Emergency Lighting

Breakup by End Users:

• Commercial
• Industrial
• Residential

Breakup by Region:

• 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

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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