The smoke detector market has witnessed major developments in the past few years. North America and Europe are major regions where smoke detectors have witnessed maximum growth. This is because of the presence of key players in the smoke detector market and key end-users of smoke detectors.

The smoke detector market is expected to grow from USD 1.31 Billion in 2015 to USD 2.52 Billion by 2022, at a CAGR of 9.2% between 2016 and 2022.

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Major players operating in the smoke detector market are Hochiki Corporation (Japan), Honeywell International (U.S.), United Technologies Corporation (U.S.), Tyco (Ireland), Siemens AG (Germany), Johnson Control (U.S.), Robert Bosch (Germany), NEC Corporation (U.S.), Nest labs (U.S.), and Schneider Electric (France) among others. The top five players that hold maximum share in smoke detector market are Honeywell International (U.S.), United Technologies Corporation (U.S.), Tyco (Ireland), Siemens AG (Germany), and Johnson Controls (U.S.).

United Technologies Corporation (U.S.) ranked first in the smoke detector market in 2015. UTC follows an organized approach toward fire security. The company focuses on enhancing its fire and security system portfolio by adopting new strategies and divesting its non-core businesses. Kidde is the brand and business division of UTC that manufactures and distributes fire protection equipment such as smoke detectors or smoke alarms, fire detectors, CO alarms for various commercial, residential and industrial sectors. Rapid urbanization and strong commercial aerospace growth assist UTC in increasing its customer base.

This has resulted in the increase in opportunities in the aerospace domain. The UTC climate and controls & security segment further strengthens the company’s market presence. UTC has established several joint ventures in the local market and has also increased product localization across various markets. The company focuses on maintaining a balanced and diversified portfolio of businesses to limit the impact of the economy of any one country or an industry on operating results.

The company’s offerings include OEM and aftermarket parts and services in the UTC climate and controls & security as well as commercial aerospace spares businesses. Its customers include companies in both the public and private sectors, and its businesses reflect an extensive geographical diversification that has evolved with the continued globalization of the world economies.

Honeywell International is one of the innovative wireless smoke detector providers. Its business performance, technologies, and strategies have a significant impact on the security and safety management and utilization solutions sectors. It focuses on expanding its services and solutions by introducing new product lines, which encourage security and safety practices to pre-empt safety incidents before they occur.

The company aims on strengthening its footprint significantly in the fields of engineering, research, and manufacturing in the U.S., France, the U.K., Romania, Mexico, Brazil, South Korea, Japan, and China. To further broaden its product portfolio, the company has adopted the strategies of acquisitions and new product launches. For instance, in 2016, Honeywell acquired Xtralis (Ireland), a leading global provider of aspirating smoke detection, advanced perimeter security technologies, and video analytics software for USD 480 million.

Xtralis aspirating smoke detection solutions protect many Fortune 500 companies and famous infrastructures worldwide, to provide early warning and verification of threats to speed response time and minimize facility damages and potential injuries. In 2015, Honeywell expanded its Lyric product family with the introduction of Lyric home security, a new home security system. In 2014, the company launched a new commercial wireless fire or smoke alarm solution, as well as acquired RAE Systems, Inc., a global gas and radiation detection systems and software company. It has also made significant investments in its R&D.

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