HYDERABAD, India, March 16, 2015 /PRNewswire/ --
Intelligent emergency response systems are the devices that are used to communicate in times of emergency that can arise out due to several factors such as natural disaster, terrorist attacks, anthropogenic hazard and many others. In such conditions, the civilians, government authorities and medical teams are alerted through various emergency response devices in order to curb the disruption on human life.
(Logo: http://photos.prnewswire.com/prnh/20141106/712194 )
The market for Intelligent Emergency Response System has been divided into broadcasting and communication systems, perimeter intrusion detector, and signage and surveillance systems. Video Surveillance is the dominant market with a total market size of $23 billion in 2014. Broadcast systems are the fastest growing market with a market size of $7.4 billion in 2014 and estimated to grow at a CAGR of 13.5% through 2020. According to a recent study from IndustryARC the total market for these systems to increase to $130.5bn by 2020 at a CAGR of 10.1%.
There has been a growing shift to replace existing infrastructure and systems with new state of the art systems. New standards have been adopted in order to enhance emergency response, especially in the U.S and Europe. The U.K government passed regulations to replace existing emergency services network, provided by Airwave, with improved broadcast and communication systems when the contract runs out in 2016. The European Union has also passed laws to shift to newer systems particularly for disaster communications. The primary concern for current systems is the lack of redundancy of system components in case of natural disasters, terrorist attacks and other unforeseen circumstances. These regulations, according to experts, will be adopted throughout Europe and U.S over the next few years, thus creating a strong demand for intelligent emergency response systems in the coming years.
Table of contents and insights:
http://industryarc.com/Report/1256/intelligent-response-systems-market-analysis.html
The coal mining industry has been prominent users of emergency response systems for decades. Coal has been a notable source of energy for creating power in the thermal plants. But the mining of coal has been counted as the most life risking activity due to the unpredictable operating conditions. Due to high number of causalities associated with mining, the governments across the world have formulated stringent regulations to ensure the safety and health of the workers employed in mining sector. This has called for the need to integrate emergency response systems by the mine operators to provide a safe working environment to workers.
Defense is the biggest market for IRSI systems, accounting for 43% of the market currently. Residential segment accounts for only 2% but is estimated to be the fastest growing end user segment. The growth of this market is primarily due to increased demand and awareness, particularly in APAC region as well as improving economy.
Americas is the largest market for Intelligent Emergency Response systems followed by Europe. The lower growth opportunities in this market when compared with APAC as well as high adoption of these systems in the defense segment impede the Intelligent Emergency Response systems market growth in Americas. The continued effects of recession in Europe are projected to be a major hindrance for market growth in Europe. The APAC region is the fastest growing market through 2020 driven by improved economic conditions as well as growing awareness of these systems. TOA Corporation, UNI-PEX Co.,Ltd, Denyo Co., Ltd, Kubota, Murata Manufacturing Co., Ltd, ISHIDA TAISEISHA, Inc, Optex, TAMRON are some of the major players across the emergency response systems portfolio in Japan.
Request for sample data/brochure:
http://industryarc.com/request-a-call.aspx?type=report&cid=1256
The key players in the global market include Honeywell, Axis, Bosch, Siemens, Alcatel-Lucent and Vodafone Group. These companies account for a significant share of the total Intelligent Emergency Response systems market. Major manufacturers have utilized mergers and acquisitions as well as product launches to augment entry into related markets and enhance core competencies through additions to product portfolio as well as leveraging capabilities of acquired companies to gain a foothold in high growth markets.
Related Reports:
Medical Alerts: http://industryarc.com/Report/98/medical-alert-devices-market.html
Nurse Call Systems: http://industryarc.com/Report/1312/Nurse-Call-Systems-Market-Analysis-Report.html
About Us
IndustryARC is a research and consulting firm that publishes more than 20 reports every month in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Contact us to find out how we can help you today.
Contact:
Sanjay Matthews
Business Development Manager
Email: sanjay.matthews@industryarc.com
Phone: 1- 614-588-8538 (Ext-101)
http://www.industryarc.com
LinkedIn: http://www.linkedin.com/company/industryarc
Twitter: https://twitter.com/IndustryARC
Share this article