Market Size of Intelligent Emergency Response Systems and Infrastructure (IRIS) Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 1.36 Billion |
Market Size (2029) | USD 1.88 Billion |
CAGR (2024 - 2029) | 6.64 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Intelligent Emergency Response Systems & Infrastructure Market Analysis
The Intelligent Emergency Response Systems and Infrastructure Market size is estimated at USD 1.36 billion in 2024, and is expected to reach USD 1.88 billion by 2029, growing at a CAGR of 6.64% during the forecast period (2024-2029).
Intelligent emergency response system and infrastructure (IRIS) comes into effect during emergencies, either natural catastrophes or human-made. During such situations, the respective health and public administration bodies are alerted using IRSIs. It is directly linked to the telecommunication and satellite ecosystems that have been enhanced immensely for superior data transmission and accurate image capture.
- The increase in industrial accidents has made the governments make stringent norms for labor safety. Hence, industries are adopting Intelligent Emergency Response Systems and building safer infrastructures.
- In Japan, there were about 450 fatalities due to industrial accidents in 2017. The major concern is the quick response action that can be achieved by the installation of IRIS.
- The increasing awareness about the importance of security, replacement of obsolete architecture, and the rise in hazardous industrial explorations, among other factors, are expected to drive the demand for IRIS in the near future.
Intelligent Emergency Response Systems & Infrastructure Industry Segmentation
The IRIS is popular for quick response to assist in respective administrative actions. For uinderstanding the scope of the Intelligent Emergency Response Systems and Infrastructure, the study has considered the component used with the respective system types.
By Type | |
Life Security | |
Physical Security | |
Facility Management Security | |
Other Types |
By Systems | |
Surveillance System | |
Broadcasting System | |
Signage | |
Perimeter Intrusion System | |
Other Systems |
By End-user | |
Government | |
Industrial | |
Healthcare | |
Defense | |
Other End-users |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East & Africa |
Intelligent Emergency Response Systems and Infrastructure (IRIS) Market Size Summary
The Intelligent Emergency Response Systems and Infrastructure (IRIS) market is poised for significant growth, driven by the increasing need for enhanced safety and security measures across various industries. These systems play a crucial role during emergencies, whether due to natural disasters or human-made incidents, by alerting health and public administration bodies through advanced telecommunication and satellite networks. The rising frequency of industrial accidents has prompted governments to enforce stricter labor safety regulations, leading to a surge in the adoption of IRIS solutions. Additionally, the growing awareness of security importance, the need to replace outdated infrastructure, and the expansion of hazardous industrial activities are further propelling market demand. The shift from wired to wireless emergency response systems, due to cost and installation time considerations, is also contributing to market expansion.
The Asia-Pacific region is expected to experience the fastest growth in the IRIS market, fueled by technological advancements and increased adoption in smart-city projects, particularly in countries like India. Governments in this region are investing significantly in IRIS to mitigate the impact of natural disasters. The market is characterized by limited product differentiation among companies, leading to competitive pricing strategies to capture market share. Notable developments, such as ST Engineering's introduction of the AgilFence Buried Intrusion Detection System and Axis Communications' launch of explosion-protected cameras, highlight ongoing innovations in the sector. Major players like Siemens AG, Honeywell International Inc., and Robert Bosch GmbH are actively contributing to the market's growth trajectory.
Intelligent Emergency Response Systems and Infrastructure (IRIS) Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Technology Snapshot
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1.3 Introduction to Market Drivers & Restraints
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1.4 Market Drivers
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1.4.1 Increase of Hazardous Industries
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1.4.2 Favourable Government Regulation
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1.5 Market Restraints
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1.5.1 High Installation Cost
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1.6 Industry Attractiveness - Porter's Five Force Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Life Security
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2.1.2 Physical Security
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2.1.3 Facility Management Security
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2.1.4 Other Types
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2.2 By Systems
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2.2.1 Surveillance System
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2.2.2 Broadcasting System
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2.2.3 Signage
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2.2.4 Perimeter Intrusion System
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2.2.5 Other Systems
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2.3 By End-user
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2.3.1 Government
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2.3.2 Industrial
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2.3.3 Healthcare
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2.3.4 Defense
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2.3.5 Other End-users
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2.4 Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia-Pacific
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2.4.4 Latin America
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2.4.5 Middle East & Africa
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Intelligent Emergency Response Systems and Infrastructure (IRIS) Market Size FAQs
How big is the Intelligent Emergency Response Systems and Infrastructure (IRIS) Market?
The Intelligent Emergency Response Systems and Infrastructure (IRIS) Market size is expected to reach USD 1.36 billion in 2024 and grow at a CAGR of 6.64% to reach USD 1.88 billion by 2029.
What is the current Intelligent Emergency Response Systems and Infrastructure (IRIS) Market size?
In 2024, the Intelligent Emergency Response Systems and Infrastructure (IRIS) Market size is expected to reach USD 1.36 billion.
Intelligent Emergency Response Systems and Infrastructure (IRIS) Report Snapshots
- Intelligent Emergency Response Systems and Infrastructure (IRIS) Market Size
- Intelligent Emergency Response Systems and Infrastructure (IRIS) Market Share
- Intelligent Emergency Response Systems and Infrastructure (IRIS) Market Trends
- Intelligent Emergency Response Systems and Infrastructure (IRIS) Companies