hyderabad, Nov. 21, 2016 (GLOBE NEWSWIRE) -- According to market research report,"Intelligent Emergency Response Systems and Infrastructure (IRSI) Market: Components (Sensors, Optoelectronics, PLC) - Analysis & Forecast (2015 - 2020)", the market is estimated to reach USD 131 Billion By 2020 at high CAGR.
Browse 54 Market Tables, 78 Figures spread through 158 Pages and an in-depth TOC on “Intelligent Emergency Response Systems and Infrastructure (IRSI) Market Analysis & Forecast (2015 - 2020)”.
Intelligent Emergency Response Systems are communication infrastructure designed to assist in case of emergency. With the rising demand for personal security, intelligence emergency response systems will be at the forefront of the adoption as consumers look to various surveillance and intrusion detection systems to curtail this demand. Although traditional emergency response systems have been the major market, in recent years there has been a growing shift to new emergency systems that is set to propel the growth of the intelligent emergency response system market.
The market for intelligent emergency response systems has remained dynamic and highly competitive with companies across broadcast systems, video surveillance, communication systems and emergency generator markets participating in the intelligent emergency response system market. Since, defense industry is the main end use industry for these systems, a number of partnerships and agreements have been molded in order to gain foothold in this market. The growing demand in the personal security sector will drive the market forward and result in a shift towards consumer systems over defense systems.
The major growth in the intelligent emergency response system market is projected from the defense segment due to the need to upgrade or replace obsolete emergency response systems. In 2015, defense segment lead the market and is projected to exhibit the highest volume growth through 2020, as obsolete emergency response systems are increasingly replaced by newer systems. Residential segment is projected to exhibit the highest growth forecast in this market. Despite defense being a major focus, the industrial and residential industries will be the fast growing sectors in this market. The education and healthcare industries have also witnessed high growth in recent years. Mining companies in particular have increasingly looked to utilize intelligent emergency response systems in order to reduce the large number of accidents and fatalities yearly which has resulted in growing costs for the organizations and increased demand for health and safety measures for employees. Defense is the biggest market for IER systems currently, accounting for 43% of the market. Residential segment accounts for 2% but is estimated to be the fastest growing market. The growth of this market is primarily due to increased demand and awareness, particularly in APAC region as well as improving economy.
According to a research done by IndustryARC, the $74 billion global intelligent emergency response system market is projected to experience a robust CAGR of around 10% from 2015-2020 to reach $131 billion. This growth will be derived to some extent from the expansion of the market in the emerging economic countries such as India, China, Brazil along with Eastern Europe due to rising awareness of personal perimeter intrusion and video surveillance systems.
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South America, particularly Brazil, and APAC offer strong growth potential for the intelligent emergency response system market. The Americas region will maintain its position as a leader in this market driven by the consolidation of the video analytics market. Emergency broadcast systems have increasingly been replaced by state of the art systems. For instance, the National Weather service in U.S and Canada has established new wireless emergency notification system in case of natural disaster warning. These systems are also forecast to be implemented in APAC and Latin America regions with Japan, Brazil and South Korea leading the charge. Major roadblock for intelligent emergency response systems in APAC region is the lack of communication infrastructure. Asia is set to be a major potential growth area; however lack of infrastructure has proved a major hurdle due to increased costs for telecom services resulting from this lack of infrastructure. For example broadcast and communication services in Asia have lower implementation due to this framework. Government initiatives are required for the increased implementation of these systems.
China, Japan and South Korean governments are actively looking to roll out communication initiatives. In Japan the increased redundancy of the Information and Communication Network is set to exhibit improved functionality in case of emergencies such as natural disaster and provide broadcasting and communication features. South Korean government has also focused on improving communication infrastructure in order to provide advanced telecommunication infrastructure as a means of reducing costs. Chinese government is evaluating these initiatives and is envisaged to launch similar initiatives. As such there is optimism that these initiatives will solve the infrastructure problem. The lack of infrastructure especially in APAC region is a major roadblock for the growth of intelligent emergency response systems market in this region.
The growing demand for personal security has created a rising demand for intelligent emergency response systems, primarily in the industrial and residential sectors. A number of companies have entered this competitive market in recent years to satiate the ever-rising need for improved personnel safety and security.
The key players operating in the Intelligent Emergency Response Systems market depends significantly upon the type of systems being offered across the globe. Each of the products including video surveillance and perimeter intrusion detection systems, power back-up generators, and communication systems and broadcasting systems has eminent several providers. The video surveillance systems market had the following key players:
- Honeywell
- Bosch
- FLIR Systems
- Axis Communication and others
The perimeter intrusion detection market had Honeywell and Senstar as the notable leaders. The Communication Systems market is an exhaustive market comprising of several products and services. The key services playing a significant role in the communication systems market are network equipment and mobile networking services. The eminent players in the network equipment provider market include:
- Alcatel-Lucent (Nokia)
- Ericsson
- Huawei Technologies
- NEC Corporation
- ZTE Corporation.
The power back-up generators is highly fragmented market with each geographic regions having multitude of suppliers due to which only key players in a certain region can be identified. For example, in the year 2015, the U.S. emergency generator market had the following key players:
- Cummins Power Generation
- Briggs & Stratton Corp
- Kohler Co and
- Generac Power Systems
AI Control Point,Athoc, Inc., ATI Systems (Acoustic Technology, Inc.), BRG Precision Products, Inc., Cooper Industries PLC,Criticall Ltd., Digital Acoustics,Everbridge Inc., Hiplink Software, Honeywell, Inc., Mir3 Inc., Mircom Technologies Ltd., Notifier Honeywell, Inc., Safeguard Communications UK LTD, Siemens Ag, Spectrarep, Llc., Sungard Availability Services, Visiplex, Inc., Whelen Engineering, Inc. and others.
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* Get a detailed picture of the Intelligent Emergency Response Systems market;
* Understand the changing market dynamics of this industry through the competitive environment, the market's major players and leading brands;
* Understand the changing market trends through the shift in adoption of end users as well as various system types;
* Use six-year forecasts to assess the market development.
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