The global smart smoke detector market to grow at a CAGR of 47.44% during the period 2017-2021.
The report, Global Smart Smoke Detector Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is constant connectivity of smart smoke detectors. IoT is one of the factors that is driving the growth of smart devices. However, smart smoke detectors face an issue in case of power failures. While most of the smart smoke detectors are equipped with lithium batteries, Internet modems and Wi-Fi routers generally do not have a power backup.
According to the report, one driver in the market is advantages of smart smoke detectors over traditional smoke detectors. Smart smoke detectors are relatively more efficient in terms of delivering functions compared with traditional smoke detectors. Smart smoke detectors help in the prevention of mishaps, assist during mishaps, and can also maintain logs for statistical purposes, which traditional smoke detectors are not capable of doing. Though this has resulted in the premium pricing of the product, the connected features of smart smoke detectors offer several advantages to end-users compared with traditional smoke detectors.