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The Global Intelligent Evacuation System Market size is expected to reach $702 million by 2023, rising at a market growth of 5% CAGR during the forecast period. Intelligent Evacuation System is an integrated hardware and software solution that is used in facilitating the safety protocols in case of emergencies. The technology has a notification and alerting medium that supports smooth and hassle-free evacuation procedure during challenging circumstances such as fire situations, toxic incidents, extreme weather conditions, violence, and others. The major factors driving the growth of the intelligent evacuation system market are technological innovation in product offerings, growing adoption of building automation and control systems, growing application areas among end users, and significant venture capital investments in R&D activities to develop solutions with enhanced capabilities.
Based on End Users, the market report segments the Intelligent Evacuation System Market into Commercial, Industrial, and Residential. Based on Types, the Global Intelligent Evacuation System market segments the market into Voice Evacuation System, Mass Evacuation System, and Emergency Lighting. Based on Regions, the Global Intelligent Evacuation System market segments the market into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The Intelligent Evacuation System Market Analysis report covers the analysis of key stake holders of the Global Intelligent Evacuation System Market. Key companies profiled in the report include Robert Bosch GmbH, HOCHIKI Corporation, Honeywell International, Johnson Controls International Plc., Siemens AG, Legrand, ABB Group, Automated Logic Corporation, Beckhoff Automation GmbH & Co. KG, and Eaton Corporation Plc.