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2022

Intelligent Evacuation System Market

Intelligent Evacuation System Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Voice Evacuation System, Mass Notification System, and Emergency Lighting) and End User (Commercial, Industrial, and Residential): Global Opportunity Analysis and Industry Forecast, 2021-2030

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Author's: Beesetty Yogendra| Shadaab Khan | Vineet Kumar
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Intelligent Evacuation System Market Statistics: 2030

The global intelligent evacuation system market size was valued at $0.63 billion in 2020, and is projected to reach $1.15 billion by 2030, registering a CAGR of 6.4% from 2021 to 2030.

An intelligent evacuation system is a hardware and software solution designed to make individual safety evacuation protocols easier in the event of an emergency. This system establishes a notice and alerting medium that facilitates a smooth and painless evacuation procedure in a range of changing event situations, such as fire, chemical occurrence, extreme weather, and violence.

Intelligent-Evacuation-System-Market

Increased market for automated building solutions drive the growth of the market. In addition, supportive industry standards and regulations pertaining to smart cities development fuels the growth of the i market. However, higher installation and maintenance costs is expected to impede the growth market. Furthermore, increase in market for smart cities is expected to provide lucrative opportunities for the intelligent evacuation system market growth.

By type, the voice evacuation system segment dominated the intelligent evacuation system market in 2020, and is expected to continue its dominance in the coming years, owing to high efficiency of handling emergency situation, and demand for advanced solutions. However, emergency lighting segment is expected to witness growth at the highest rate owing to incorporation of smart technologies in lighting industry and technological advancement in lighting industry.

Region wise, the intelligent evacuation system market was dominated by North America in 2020, owing to rise in investment in the R&D sector along with technological advancement in integrated building technologies. However, Asia-Pacific is expected to witness growth at the highest rate owing to increased adoption of voice evacuation systems, technological advancements, and the presence of untapped markets in countries, such as China, India, and Japan.

The report focuses on growth prospects, restraints, and trends of the intelligent evacuation system market analysis. The study provides Porter’s five forces analysis to understand impact of various factors on the intelligent evacuation system market share such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers.

Segment review

The intelligent evacuation system industry is segmented based on type, end user, and region. By type, the market is segmented into voice evacuation system, mass notification system, and emergency lighting. On the basis of end user, it is classified into commercial, industrial, and residential. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Intelligent Evacuation System Market
By Type
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Voice Evacuation System segment is projected as one of the most lucrative segments.

The key players profiled in the intelligent evacuation system market analysis are ABB Group, Automated Logic, Beckhoff Automation GmbH & Co. KG, Eaton Corporation Plc, HOCHIKI Corporation, Honeywell International, Johnson Controls International Plc, Legrand, Robert Bosch GmbH, and Siemens AG. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

COVID-19 Impact Analysis

The intelligent evacuation system industry has witnessed significant growth in the past few years; due to the outbreak of the COVID-19 pandemic, the intelligent evacuation system industry witnessed a sudden increase in demand during the period. This was attributed to the fact that there was a sudden increase in demand for evacuation system in developing nations of Asia-Pacific and LAMEA. This was attributed to the fact that there was a sudden increase in number of natural disasters and need for fast evacuation in contaminated areas. Moreover, an IoT-enabled evacuation system can track employee movements during an emergency and automatically count those who have reached the designated muster, or gathering, point. In addition, if an employee goes missing during a disaster, an IoT system can quickly establish their whereabouts and either help them to safety or inform emergency services of their status, which in turn driving the growth of intelligent evacuation system market size.  

Intelligent Evacuation System Market
By End User
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Commercial segment is projected as one of the most lucrative segments.

Top Impacting Factors

Increased Market for Automated Building Solutions 

For a long time, the safety and security of people trapped inside buildings has been a major issue. Therefore, residents are safer as a result of integrated building technology. Natural disasters are becoming more prevalent, which is raising concerns among individuals and organizations about how to preserve lives in such situations. In order to save or reduce loss during dangerous conditions, safety measures must be incorporated with automated buildings. The intelligent evacuation system provides a high level of coordination for active evacuation procedures, building-wide communications, and interactive control and monitoring systems.. For instance, according to a survey, the total damage and cumulative economic loss for the 2021 wildfire season is expected to be between $70 billion and $90 billion in the U.S. with $45 billion to $55 billion of those damages to California alone. Thus, safe evacuation is an important and one of the mandatory features in the upcoming commercial & residential buildings. Therefore, these are the major factor driving growth of intelligent evacuation system market size

Supportive Industry Standards and Regulations

Governments all across the globe recognize the importance of evacuation demands, and as a result, have enacted strict rules and taken steps to manage emergency situations and incidents. As emergency circumstances have become more common, all building structures must meet legal requirements for robust and comprehensive event management. Furthermore, supportive regulatory reforms such as BS 5839 Part 8, EN54, UL 2572, CAN/ULC-S576, British Standards, European Directives, IEC standards, AS/NZS 229, Approved Document B, Signs Directive (90/664), Management of Health and Safety at Work Regulations, and others are expected to create lucrative opportunities for market growth during the forecast period. These factors are expected to drive the market growth during the forecast period.

Intelligent Evacuation System Market
By Region
2030
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific would exhibit the highest CAGR of 8.2% during 2021-2030.

Key Benefits For Stakeholders     

  • The study provides an in-depth analysis of the intelligent evacuation system market forecast along with the current trends and future estimations to explain the imminent investment pockets.
  • Information about key drivers, restraints, & opportunities and their impact analysis on the global market is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the market from 2021 to 2030 is provided to determine the intelligent evacuation system market potential.

Intelligent Evacuation System Market Report Highlights

Aspects Details
Intelligent Evacuation System Market By Type
By Type
  • Voice Evacuation System
  • Mass Notification System
  • Emergency Lighting
Intelligent Evacuation System Market By End User
By End User
  • Commercial
  • Industrial
  • Residential
Intelligent Evacuation System Market By Region
By Region
  • North America  (U.S., Canada)
  • Europe   (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe)
  • Asia-Pacific   (China, Japan, South Korea, Singapore, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Intelligent Evacuation System Market By Key Market Players
By Key Market Players
  • ABB Group
  • Automated Logic
  • Beckhoff Automation GmbH & Co. KG
  • Eaton Corporation Plc
  • HOCHIKI Corporation
  • Honeywell International
  • Johnson Controls International Plc
  • Legrand
  • Robert Bosch GmbH
  • Siemens AG

Analyst Review

An intelligent evacuation system is a form of alert and reaction generation facility that is aimed to improve the safety of people who are at risk due to an emergency event. It allows for a proper and safe evacuation procedure. This system manages an orderly evacuation and alerts the building's residents to a range of changing event situations, such as a fire, a chemical occurrence, harsh weather,  and violence. It is a combination of hardware and software that allows for automatic reaction.  

Key providers of the intelligent evacuation system market such as HOCHIKI Corporation, Robert Bosch GmbH, and Honeywell International Inc. account for a significant share in the market. Various companies are partnering to increase the intelligent evacuation system capabilities with the larger requirement for software automation. For instance, in September 2021, Atos and Johnson Controls—the global leader for smart, healthy, and sustainable buildings—announced a global partnership. Atos and Johnson Controls will help private and public sector customers accelerate their journey to Net Zero by providing a unique set of end-to-end advisory services, digital, and other key decarbonization capabilities which aims to help clients formulate and sustainably achieve their net zero strategy by reducing their commercial, industrial and office building carbon emissions. Atos and Johnson controls plan to leverage each company's leading capabilities to help customers better assess, plan, manage, report and forecast carbon performance of buildings. Atos' net zero transformation portfolio features Atos EcoAct advisory solutions, such as digital decarbonization assessments (DDA) and sustainability strategy development.

In addition, with the increase in demand for intelligent evacuation system various companies are expanding their current services to increase the customer base and to enhance profit margin, which is drives the growth of the market. For instance, in May 2021, Johnson Controls, a global leader for smart, healthy and sustainable buildings, announced the launch of body worn cameras and autonomous robots to its physical security portfolio, along with the integration of package screening technology powered by RaySecur. These intelligent technologies further strengthen Johnson Controls’ comprehensive building security portfolio and enable customers to extend the power of their systems far beyond the capabilities of traditional access control and video surveillance. The combination of these innovations provide a powerful improvement to overall security management. Combining mail screening technology, robots, edge intelligence, and deep integrations with building systems improves an organization's capacity to respond to emerging threats dynamically while also improving building security and performance.. 

Moreover, market players are expanding their business operations and customers by increase in their acquisition. For instance, in December 2021, Honeywell announced that it is going acquire privately held U.S. Digital Designs, Inc., a Tempe, Ariz.-based company, for a purchase multiple of ~14X EBITDA in an all-cash transaction. It delivers alerting and dispatch communications solutions, which enhance first responders' efficacy and enable faster emergency response times. The acquisition will be integrated into Honeywell's Fire and Connected Life Safety systems business and will expand Honeywell's line of solutions for public safety communications, providing first responders with better situational awareness of building emergencies and improved life safety. When combined with Honeywell's solutions, U.S. Digital Designs' offerings will securely transmit detailed data about the emergency, such as the type of hazard, severity, and location within the impacted building, all before first responders even arrive onsite.

Author Name(s) : Beesetty Yogendra| Shadaab Khan | Vineet Kumar

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Intelligent Evacuation System Market

Global Opportunity Analysis and Industry Forecast, 2021-2030