
A number of factors are contributing to the growth in the smoke detector market. (Image source: Adobe Stock)
According to IMARC Group’s latest Smoke Detector Market Report, the global smoke detector market size reached US$ 2.1bn in 2023, and is forecast to reach US$4.0bn by 2032, exhibiting a growth rate (CAGR) of 7.1% from 2024-2032