Lucintel’s latest market report analyzed that satellite-based fire detector provides attractive opportunities in the commercial, public institution, and industrial applications. The satellite-based fire detector market is expected to reach $54.4 billion by 2028 with a CAGR of 14.8%. In this market, heat detector is the largest segment.
Based on product, the satellite-based fire detector market is segmented into smoke detectors, heat detectors, and others. The heat detectors segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its built-in algorithms the satellite detector can easily identify fire present with brightness temperature band.
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The Satellite-Based Fire Detector Market is marked by the presence of several big and small players. Some of the prominent players offering satellite-based fire detector include NASA, Honeywell, OroraTech, Remote Sensing Solutions, and Forestfire.Tech.
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