Key Findings
The Asia-Pacific smoke detectors market is set to register a CAGR of 9.35% during the forecast period, 2023-2032. The stringent fire & safety legislation in certain Asian countries has boosted the demand for smoke detectors. At the same time, the inadequate home safety standards and expensive smoke detectors hinder the market growth.

Market Insights
The Asia-Pacific smoke detectors market growth analysis includes the assessment of Vietnam, Thailand, Indonesia, Japan, India, South Korea, China, Australia & New Zealand, and Rest of Asia-Pacific. In Japan, only some homes like large-scale apartment complexes were initially obligated to install residential fire alarms. At present, the residential fire alarm installations are necessitated in every home. Also, in 2019, more than 37,700 fire events were recorded. In addition, there were around 10,060 thousand home fires. Besides, in the same year, accidental home fires resulted in 899 deaths. Such incidences have increased household safety awareness, raising the demand for smoke detectors. Moreover, the growing residential constructions contribute to growth opportunities.
In India, fire is the third most serious threat to company continuity and operations, as per the India Risk Survey (IRS). Also, as per the National Crimes Records Bureau (NCRB), on the basis of the 12,478 deaths in 2018, 35 Indians die in fires every day. Additionally, fire incidents in residential buildings accounted for around 57% of the 11,037 fire accidents. The increased fire safety awareness has raised the demand for smoke detectors. Besides, given the steady demand for housing and the favorable government policies, residential buildings are estimated to project significant growth, offering growth opportunities for the market analyzed.

Competitive Insights
Some of the leading companies in the market include Johnson Controls International, Honeywell International Inc, Protec Fire & Security Group Ltd, Huawei Technologies Co Ltd, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation caters to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments