Registering a CAGR of 10.5% over the forecast period, the market value of Video Image Smoke Detection (VISD) System is expected to reach US$ 968.7million in the year 2027.
The report aspects discussed the profile of the top manufacturers of the global Video Image Smoke Detection (VISD) System market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Video Image Smoke Detection (VISD) System Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries. The rising demand for safety and security in residential, commercial, and industrial buildings is driving market expansion. Due to its capability to detect smoke early and offer prompt warning alerts, the active detection system segment is anticipated to hold the greatest share of the market throughout the forecast period. However, due to their affordable installation and upkeep costs as well as their capacity to detect even minute levels of smoke, passive detection systems are also becoming more and more popular. During the projection period, North America is anticipated to be the largest regional market for VISD systems, followed by Europe and Asia Pacific.
The global Video Image Smoke Detection (VISD) System includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include, ORR Protection, NetVu, Bosch Security, National Fire Protection (NFP), Fike, Notifier (Honeywell), FLIR, and others.
Industry News and Updates:
NetVU Announces Virtual Accelerate for 2021
(May 29, 2020) -- NetVU, the Network of Vertafore Users, and Vertafore announced that registration is open for the independent insurance channel’s most highly anticipated annual conference, Accelerate, powered by NetVU. Accelerate is insurtech’s first and longest running annual event for independent agencies and carriers. Accelerate 2021 builds on the success of last year’s first-ever virtual event and will run from May 18–July 1. Designed to help NetVU members thrive in a post-pandemic world, it will feature more than 200 world-class, peer-to-peer education sessions, product announcements from Vertafore, and networking opportunities:
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
North America led the global market in 2017. This can be due to strict regulatory standards that demand sprinklers and active fire protection systems be installed in both commercial and residential structures. Due to rising investments in smart building technology in the United States, Canada, and Mexico, the region is anticipated to maintain its leadership over the course of the forecast period. Due to growing worries over an increase in accidental and intentional fires in various nations, including Germany, France, Italy, and Spain among others, a sizable portion of VISD's revenue came from Europe.
The Video Image Smoke Detection (VISD) System Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Video Image Smoke Detection (VISD) System Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Video Image Smoke Detection (VISD) System Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Video Image Smoke Detection (VISD) System Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Video Image Smoke Detection (VISD) System Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: ORR Protection, NetVu, Bosch Security, National Fire Protection (NFP), Fike. |
Forecast Period 2022 to 2027 CAGR | CAGR of 10.5% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | ORR Protection, NetVu, Bosch Security, National Fire Protection (NFP), Fike, Notifier (Honeywell), FLIR |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 130 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Video Image Smoke Detection (VISD) SystemMarket is studied from 2017 - 2027.
What is the growth rate of the Video Image Smoke Detection (VISD) System Market?
The Video Image Smoke Detection (VISD) System Market is growing at a CAGR of 10.5% over the next 5 years.
Who are the key players in Video Image Smoke Detection (VISD) System Market?
ORR Protection, NetVu, Bosch Security, National Fire Protection (NFP), Fike, Notifier (Honeywell), FLIR
What regions does this Video Image Smoke Detection (VISD) System Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Video Image Smoke Detection (VISD) System Market?
Active Detection System, Passive Detection System
What are the major end-use applications of Video Image Smoke Detection (VISD) System Market?
Residential, Commercial Buildings, Industrial, Other
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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