Lucintel's latest market report analyzed that residential fire detector provides attractive opportunities in smoke detectors and heat detectors. The residential fire detector market is expected to reach $0.60 billion by 2028 with a CAGR of 9.6%. In this market, Wi-Fi is the largest segment by technology, whereas smoke detector is largest by product.
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Based on technology, the residential fire detector market is segmented into ZigBee, Wi-Fi, NB-IOT, wired, and others. The Wi-Fi segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the widespread adoption of IoT-based fire detectors in household technologys.
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The Residential Fire Detector Market is marked by the presence of several big and small players. Some of the prominent players offering residential fire detector include Honeywell, Johnson Controls, London Security, Hochiki, and Academy Fire.
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