Intelligent Emergency Response Systems are the devices that are used to communicate in times of emergency that can arise due to several factors such as natural disasters, terrorist attacks, anthropogenic hazards 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 large scale disruption of the state functioning and chaos which can prevail among citizens.
Table of contents and Insights:
The scope of the Intelligent Emergency Response Systems Market has been segmented into various sections on the basis of components assembled in these systems, type of systems, end-user industry verticals and geography. These sections are further classified to present a detailed view of the market for intelligent emergency response systems. For instance, the components has been classified further into sensors, optoelectronic, light, display and many other components while various emergency response systems including perimeter intrusion detector, surveillance system, communication System, signage and broadcasting systems have been categorized under type of systems. The key end-use sectors deploying these systems have been identified as industrial, defense, residential, commercial and healthcare while the market has also been fragmented as Americas, Europe and Asia-Pacific on the basis of geography. IndustryARC has analysed the market for Global Intelligent Emergency Response Systems Market to grow from $80.5bn in 2015 with a CAGR of 10.1% during the forecast period.
Global Intelligent Emergency Response Systems Market Size, 2014-2020 ($Bn)
SOURCE: IndustryARC Analysis, Expert Insights
The increasing launch and plans for petrochemical, chemical and refinery projects is projected to result in high growth for the intelligent emergency response system market. Intelligent emergency response systems are utilized in perimeter and personal security to provide intrusion detection and video surveillance. Thus they perform a critical function to detect the movement of trespassers. The increased demand of perimeter security is forecast to lead to increased adoption of these systems.
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The intelligent emergency response systems market is in the growth phase currently. This has resulted in increased rivalry and high degree of competition from local competitors. The high switching costs result in the need to offer incentives and improved pricing options thus resulting in high degree of competition. The low amount of partnerships among end use companies and manufacturers also intensifies the rivalry. As a result of these factors, the degree of competition is high in the intelligent emergency response systems market.
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