Intelligent Evacuation System Market (Updated Version Available)

Key Market Overview:

The Intelligent Evacuation System Market was valued at USD 13.22 Billion in 2022, registering a CAGR of 11.1% during the forecast period (2023-2030), and the market is projected to be worth USD 27.79 Billion by 2030.

An intelligent evacuation system is referred as a device designed to offer trouble free evacuation of individual during emergency. Smart evacuation system is associated with alerting notification in the event of emergency such as fire, chemical accident, violence, and extreme weather, thus resulting in a smooth evacuation process. Furthermore, organizations are rapidly implementing intelligent evacuation system to reduce time required for evacuation process. For instance, in November 2021, Bosch Building Technologies acquired Protec Fire and Security Group Ltd., a U.K. based companies, that offers security and fire detection technology. Additionally, rising demand for automated building solutions has driven the growth of intelligent evacuation system market. Development of smart cities and supportive industrial standards augmented the demand of intelligent evacuation market. Increasing adoption of emerging technologies by commercial, industrial, and residential sectors for a quick and safe evacuation is fueling the market demand of intelligent evacuation system.

Moreover, rising safety concern urge the government to manage safety and security regulations for easy evacuation process. For instance, regulatory bodies including NFPA 101 – Life Safety Code, NFPA 70 – National Electric Code, Occupational Safety and Health Administration (OSHA) Code of Federal Regulations, and Standard Fire Prevention code 1999, are responsible for testing and maintaining exit route during emergency evacuation.

The Intelligent Evacuation System Market Coverage

Report Attributes	Report Details
Study Timeline	2017-2030
Market Size in 2030 (USD Billion)	27.79 billion
CAGR (2022-2030)	11.1 %
Base Year	2022
By Type	Voice evacuation system, Mass notification system, and Emergency lighting
by Organization Size	Large Enterprises and Small & Medium-Sized Enterprises
By End Use Vertical	Banking Financial Services and Insurance (BFSI), Manufacturing, Oil and Gas, Metals and Mining, Petrochemicals, Energy & Utilities, Agriculture, IT and Telecommunications, Government, Media and Entertainment, Healthcare, and Others
By End Use	IT & Telecommunications, BFSI, Manufacturing, Healthcare, Education, and Others
By Geography	Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey] North America [United States, Canada, Mexico] Middle East & Africa [GCC, North Africa, South Africa] South America [Brazil, Argentina, Columbia, Chile, Peru]
Key Players	Siemens AG, Automated Logic, Eaton Corporation Plc, Hochiki Corporation, Johnson Controls International Plc, Legrand, Robert Bosch GmbH, ABB Group, Honeywell International, Beckhoff Automation GmbH & Co. KG

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Market Dynamics:

Driver:

Rising adoption of emerging technologies is driving the growth of intelligent evacuation system market

Rising adoption of emerging technologies is driving the growth of intelligent evacuation system market
Rapid adoption of advanced technologies including AI, machine learning, and cloud computing is augmenting the demand of intelligent evacuation system for commercial, industrial, and residential buildings. The emerging technologies plays vital role in evacuation process to detect fire, toxic gases, and smoke in the building. Additionally, rising demand for automated building solutions has driven the growth of intelligent evacuation system market. Development of smart cities and supportive industrial standards propelled the demand of intelligent evacuation market. Thus, increasing adoption of advanced technologies by commercial, industrial, and residential sectors for quick and safe evacuation fuel the market demand of intelligent evacuation system.

Restraint:

High maintenance and installation cost is hindering the growth of intelligent evacuation system market

High maintenance and installation cost is hindering the growth of intelligent evacuation system market
Intelligent evacuation system is designed by using several components such as vibration sensor, gas sensor, temperature sensor, LED alarm and others. The components associated with intelligent evacuation system are expensive resulting high installation cost of system. Thus, maintenance and installation cost are hampering the growth of intelligent evacuation system market.

The Intelligent Evacuation System Market Segmentation:



By Type

The type segment is distributed into Voice evacuation system, Mass notification system, and Emergency lighting.
Voice evacuation system holds largest revenue share for intelligent evacuation system market owing to its ability to convey voice messages during emergency. Voice evacuation system is associated with various features such as public information announcement, multilingual digital messaging, pre-recorded messages, phase evacuation and broadcast of opening/closing time. Voice evacuation system are installed in malls, corporate offices, factories, shops, schools, cinemas, warehouses, and public building for easy evacuation process during emergency. For instance, ATEIS International SA launched IDA8 integrated PA/VA system associated with audio digital signaling processing with access panel for emergency triggering button. The system comprises with advanced event scheduler and preset manager for emergency incident.

Mass notification system segment is expected to grow rapidly during forecast period due to its benefit to deliver notifications in the form of SMS, voice messages or email, to the individual or group of individuals during emergency. For instance, SLM-318 Signaling Loop Module by Honeywell offers NOTIFIER INSPIRE Series Fire Alarm Control Panel with 159 detectors and 159 modules for intelligent addressable devices. The device is also used to provide notification during emergency.

By End-User

The end-user segment is categorized into Commercial, Industrial, and Residential.
The commercial segment captured major market share for intelligent evacuation system owing to rising adoption of smart evaluation system for emergency incident such as fire or chemical accident. Implementation of smart evacuation system at commercial places such as office buildings, retail stores, and restaurants for quick and safe evacuation in the event of emergency, fuel the demand of intelligent evacuation system.

Residential segment is anticipating rapid growth of intelligent evacuation system market due to adoption of advanced technologies and smart evacuation system for residential areas including apartments, duplexes, and private dwellings for easy evacuation during emergency. Additionally, technological developments and rising investments in AI, cloud based computing, and smart evacuation resulting increased the demand of intelligent evacuation system for safety purpose.

By Region

The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
North America holds major market share for intelligent evacuation system in the year 2022, due to increasing demand for smart evacuation system in industry verticals. High investment by the key players in advancement of evacuation system is driving the growth of intelligent evacuation system market. For instance, in 2021, Honeywell announced to acquire U.S. Digital Design Inc., for expansion of product portfolio for public safety capabilities.



Asia Pacific region is projected to showcase fastest growth of intelligent evacuation system market owing to rising implementation of smart evacuation systems including mass notification, emergency lightening, and PAVA system for emergency evacuation process. Adoption of emerging technologies and rapid urbanization in several countries such as China, South Korea, and Japan is boosting the growth of intelligent evacuation system market.

The Intelligent Evacuation System Market Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the Global Intelligent Evacuation System Market. Key players in the market include-

• Siemens AG
• Automated Logic
• Eaton Corporation Plc
• Hochiki Corporation
• Johnson Controls International Plc
• Legrand
• Robert Bosch GmbH
• ABB Group
• Honeywell International
• Beckhoff Automation GmbH & Co. KG

Recent Developments

• In August 2020, Bosch Building Technology introduced Avenar panel 2000 and 8000 fire alarm platform to enhance fire safety in commercial buildings. The system provides features including voice alarm and door controls.

• In March 2020, ABB Group launched ABB-free@home flex, allows users to manage functions including blind or light with Bluetooth connection.