Wireless Fire Detection Systems Global Market Opportunities and Strategies to 2032

This report describes and explains the wireless fire detection systems market and covers 2017-2022, termed the historic period and 2022-2027, 2032F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global wireless fire detection systems market reached a value of nearly $1.75 billion in 2022, having grown at a compound annual growth rate (CAGR) of 3.6% since 2017. The market is expected to grow from $1.75 billion in 2022 to $2.19 billion in 2027 at a rate of 4.6%. The market is then expected to grow at a CAGR of 7.0% from 2027 and reach $3.08 billion in 2032.

Growth in the historic period resulted from the rising number of fire accidents, growing regulations on the mandatory use of fire safety equipment and increasing government initiatives to encourage advanced safety measures. Factors that negatively affected growth in the historic period included high implementation cost.

Going forward, the growing construction industry, rising human and property loss due to fire breakouts and growing adoption of the smart city concept will drive the market. Factors that could hinder the growth of the wireless fire detection systems market in the future include low reliability of wireless fire detection systems as compared to other fire alarms.

The wireless fire detection systems market is segmented by component into sensors/detectors, call points, fire alarm panels and modules, input/ output modules and other components. The sensors/detectors market was the largest segment of the wireless fire detection systems market segmented by component, accounting for 40.1% or $702.6 million of the total in 2022. Going forward, the sensors/detectors segment is expected to be the fastest growing segment in the wireless fire detection systems market segmented by component, at a CAGR of 5.5% during 2022-2027.

The wireless fire detection systems market is segmented by model into fully wireless and hybrid. The hybrid market was the largest segment of the wireless fire detection systems market segmented by model, accounting for 55.0% or $963.4 million of the total in 2022. Going forward, the hybrid segment is expected to be the fastest growing segment in the wireless fire detection systems market segmented by model, at a CAGR of 5.1% during 2022-2027.

The wireless fire detection systems market is segmented by installation type into new installation and retrofit. The new installation market was the largest segment of the wireless fire detection systems market segmented by installation type, accounting for 62.0% or $1.08 billion of the total in 2022. Going forward, the retrofit segment is expected to be the fastest growing segment in the wireless fire detection systems market segmented by installation type, at a CAGR of 5.0% during 2022-2027.

The wireless fire detection systems market is segmented by application into indoor and outdoor. The indoor market was the largest segment of the wireless fire detection systems market segmented by application, accounting for 78.3% or $1.36 billion of the total in 2022. Going forward, the indoor segment is expected to be the fastest growing segment in the wireless fire detection systems market segmented by application, at a CAGR of 4.9% during 2022-2027.

The wireless fire detection systems market is segmented by end-user into residential, commercial, government and industrial. The commercial market was the largest segment of the wireless fire detection systems market segmented by end-user, accounting for 45.0% or $787.0 million of the total in 2022. Going forward, the residential segment is expected to be the fastest growing segment in the wireless fire detection systems market segmented by end-user, at a CAGR of 5.3% during 2022-2027.

The wireless fire detection systems market is segmented by application into indoor and outdoor. The indoor market was the largest segment of the wireless fire detection systems market segmented by application, accounting for 78.3% or $1.36 billion of the total in 2022. Going forward, the indoor segment is expected to be the fastest growing segment in the wireless fire detection systems market segmented by application, at a CAGR of 4.9% during 2022-2027.

North America was the largest region in the wireless fire detection systems market, accounting for 42.2% or $738.8 million of the total in 2022. It was followed by Western Europe, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the wireless fire detection systems market will be Asia-Pacific and Western Europe, where growth will be at CAGRs of 6.3% and 5.4% respectively. These will be followed by Eastern Europe and North America, where the markets are expected to grow at CAGRs of 4.7% and 4.0% respectively.

The global wireless fire detection systems market is concentrated, with large players operating in the market. The top ten competitors in the market made up to 43.7% of the total market in 2022. Siemens AG was the largest competitor with a 11.2% share of the market, followed by Honeywell International, Inc with 9.2%, Robert Bosch Gmbh with 7.2%, Johnson Controls International PLC with 5.5%, Halma Plc with 4.4%, Hochiki Corporation 3.3%, Ceasefire Industries Pvt. Ltd with 1.6%, EMS Wireless Fire & Security Ltd with 0.9%, Electro Detectors Ltd with 0.4% and Eurofyre Ltd with 0.1%.

The top opportunities in the wireless fire detection systems market segmented by component will arise in the sensors/detectors segment, which will gain $217.1 million of global annual sales by 2027. The top opportunities in the wireless fire detection systems market segmented by model will arise in the hybrid segment, which will gain $270.1 million of global annual sales by 2027. The top opportunities in the wireless fire detection systems market segmented by end-user will arise in the commercial segment, which will gain $222.0 million of global annual sales by 2027. The top opportunities in the wireless fire detection systems market segmented by installation type will arise in the new installation segment, which will gain $261.5 million of global annual sales by 2027. The top opportunities in the wireless fire detection systems market segmented by application will arise in the indoor segment, which will gain $371.1 million of global annual sales by 2027. The wireless fire detection systems market size will gain the most in the USA at $167.8 million.

Market-trend-based strategies for the wireless fire detection systems market include focus on developing new wireless alarm systems with rapid detection and alert features, advanced tools for smaller fire systems, hybrid wireless fire detectors and accessories, adoption of new technologies such as mesh networks to develop technologically-advanced products and strategic partnerships and collaborations among market players to improve their financial strength, strengthen their product portfolio and expand their geographical presence.

Player-adopted strategies in the wireless fire detection systems market include focus on strengthening business operations through the launch of new products and expanding business capabilities through strategic acquisitions.

To take advantage of the opportunities, the analyst recommends the wireless fire detection systems companies to focus on introduction of new wireless alarm systems with rapid detection and alert features, focus on advanced tools for smaller fire systems, focus on developing hybrid wireless fire detectors and accessories, focus on adoption of new technologies such as mesh networks, focus on fast-growing components, focus on strategic partnerships and collaborations, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, participate in trade shows and events, focus on online marketing, continue to target fast-growing end users and focus on fast-growing applications.