Video Image Smoke Detection (VISD) System Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.3 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The global Video Image Smoke Detection (VISD) System market was valued at approximately USD 2.1 billion in 2022, and it is anticipated to experience substantial growth with a compound annual growth rate (CAGR) of 9.7% from 2023 to 2028. The increasing adoption of advanced surveillance systems and the growing demand for enhanced safety measures across various sectors are major factors contributing to this growth. Furthermore, the integration of VISD systems with emerging technologies such as artificial intelligence and machine learning is expected to bolster market expansion, as these innovations significantly improve detection accuracy and reduce false alarms.
Opportunities within the VISD market are becoming increasingly pronounced as the technology finds applications in diverse areas including commercial buildings, industrial facilities, and public spaces. The rising focus on smart city initiatives and the implementation of stricter safety regulations are driving the demand for sophisticated smoke detection solutions. Additionally, regions with emerging economies are expected to contribute significantly to market growth, as infrastructure development and increased investment in safety technologies create new avenues for VISD system deployment.
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ORR Protection
NetVu
Bosch Security
National Fire Protection (NFP)
Fike
Notifier (Honeywell)
FLIR
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Video Image Smoke Detection (VISD) System Market
Residential
Commercial Buildings
Industrial
Other
Based on Types the Market is categorized into Below types that held the largest Video Image Smoke Detection (VISD) System market share In 2023.
Active Detection System
Passive Detection System
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Video Image Smoke Detection (VISD) System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Video Image Smoke Detection (VISD) System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Video Image Smoke Detection (VISD) System Market, By Type
6. Global Video Image Smoke Detection (VISD) System Market, By Application
7. Global Video Image Smoke Detection (VISD) System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Video Image Smoke Detection (VISD) System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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