BANGALORE, July 31, 2015 /PRNewswire/ --
Mordor Intelligence releases their report on the Global Intelligent Emergency Response System and Infrastructure (IRSI) Market segmented by Component (Sensors, Detectors, Optoelectronic, Wireless Display, PLC, Access Control) -By System (Broadcasting System, Communications System, Perimeter Intrusion System, Signage, Surveillance System) -By System Type (Physical Security, Life Security, Facility Management Security) - By Geographical Region (North America, Europe, Asia Pacific, Middle East, Africa, Latin America) - By End-User Industry - Drivers, Restraints, Vendor Profiles, Global Market Size, Forecasts & Analysis (2014-2020).
The Global Intelligent Emergency Response System and Infrastructure Market (IRSI) was valued at $63.89 billion in 2014 and is estimated to reach $95.88 billion by 2020 which is growing at a Compounded Annual Growth Rate (CAGR) of 7% during the forecasted period 2014-2020.The IRSI comes into full effect at the time of emergencies which maybe both natural catastrophes and man-made. During emergencies like fire, earthquakes, floods, terrorist attacks, hijacking etc, alerts are sent to respective health and public administration bodies.
Due to the increasing awareness about the importance of security, the replacement of existing architecture with new emergency systems, rise in mining, exploration and hazardous industry and other factors drive the demand for these systems. The opportunities include further scope to improve the accuracy and promptness of such systems, incorporating greater functionality, adapting to the dynamically changing conditions and a better understanding of hazard propagation.
North America is the dominating region with a market share of 34.12% in 2014 followed by Europe and Asia Pacific. Sensors are the highest contributor to IRSI market and are estimated to dominate throughout the forecasted period. The highest revenue for IRSI is through the Defense sector; however, the government sector is shows the highest growth rate. Surveillance System represented 34% market in 2014; whereas, the Broadcasting System will experience highest growth rate during the forecasted period.
The major segmentation in the report includes the market estimates by components such as Sensors, Detectors, Optoelectronic Lighting and Display, Wireless Display, Programmable Logic Controller (PLC) and Access Control. The other segmentation is based on System include: market estimates of Broadcasting System, Communications System, Perimeter Intrusion System and Signage, Surveillance System. The report provides an in-depth analysis of the IRSI market across different Geographical regions namely North America, Europe, Asia Pacific Middle East, Africa and Latin America along with further country-wise segmentation. The IRSI Market in the report is also segmented on the basis of End-User Industry verticals such as Government, Oil, Gas & Power, Defense, Mining, Industrial and other Industries with negligible market share.
The Intelligent Emergency Response System and Infrastructure Market report includes competitive vendor landscape while considering major companies such as Honeywell, Axis, Bosch, Alcatel-Lucent, Vodafone Group, TOA Corporation, UNI-PEX Co. Ltd., Denyo Co. Ltd., Micron Technologies, Cooper Industries, Athoc Inc.,Vocal Technologies, Digital Acoustics, Everbridge Inc., and Others.
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SOURCE Mordor Intelligence LLP