How Have AI and Machine Learning Reshaped the Fire Alarm and Detection System Industry in 2024?
Fire alarm and detection systems are electronic devices designed specifically to discover fires early in their development stage. They are regularly used in residential and commercial spaces to alert the occupants of a possible fire outbreak, thereby reducing property loss and casualties. These gadgets generally feature smoke detectors, temperature sensors, microcontroller panels, and electronic alarms to evaluate signals and provide accurate alerts. Nowadays, these systems are directly connected to water sprinklers; once these alarms are activated, the sprinklers are automatically turned on to doze off the fire in its early stages. Opportunities presented by the advent of advanced fire detection systems Over the years, the fire alarm and detection system market has grown significantly. The sector, which accounted for $60.51 billion in 2020, is anticipated to attain a revenue of $98.90 billion by 2030, growing at a CAGR of 5.0% during 2021-2030. Several consumer electro...