Regional analysisThe global market for
smart smoke detector is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of smart smoke detector market is studied for North America, Europe, Asia Pacific, and the rest of the world including the Middle East, Africa, and Latin America. North America dominated the smart smoke detector market owing to increased instances of
fire hazards in the US. Moreover, the region has a developed infrastructure and with the advancements in Internet of Things, the demand for smart devices in premises has been observed. Europe is the second dominating region in the smart smoke detector market. Although Europe is technically advanced and well established region, the residents are unlikely to switch to smart solutions and thus, refrain the market growth in European region. On the contrary, the region of Asia Pacific is expected to witness a highest growth rate during the forecast period. China, India, Japan, Singapore, South Korea, are some major countries in Asia Pacific which are investing heavily in developing smart cities in their respective territory which is also fueling the adoption of smart smoke detectors by the end consumers. We have covered Middle East and Africa and Latin America to analyze the smart smoke detectors market in rest of the world. UAE in Middle East is expected to contribute highest in generating market value for the market in the region as UAE among all countries in the region is investing heavily in transforming their traditional infrastructure into a smart one. This also supports them to attract more visitors to their place.
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