The global flame detector market size is expected to reach USD 2.0 billion by 2026 from USD 1.6 billion in 2020, growing at a CAGR of 4.2%. The key factors driving the growth of the market include policies, regulations, and government initiatives, rising adoption of wireless technology in flame detection systems, and increasing human and property loss due to fire breakouts. However, sluggishness in oil & gas and automotive industries owing to COVID-19, high initial costs, and concerns related to false alarms and detector failure are the factors restraining the growth of the flame detector market.

The flame detector market for dual UV/IR is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to its ability to detect both UV and IR spectrums of radiations, thus increasing the span of its fire detection abilities. The increasing demand for improved safety and reduction in the failure of fire detection is expected to fuel the market for dual UV/IR flame detectors.

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The oil & gas industry expected to account for the largest share of the overall flame detector market by 2026. The growth of this segment is driven by the deployment of flammable and combustible materials is carried out, which includes petroleum, crude oil, flammable gases (such as butane), coal, and many others; these are combustible and thereby, to avoid fire, advanced flame detector systems are installed. However, following the COVID-19 pandemic, the oil & gas industry has faced a major setback. The oil prices have reached an all-time low, and the companies involved in the industry have faced heavy losses. The decreased consumption of fuel has drastically reduced the demand for oil and gas. Moreover, the abruption in the supply chain owing to the transportation hurdles has caused a negative growth rate in the oil & gas industry. These factors have resulted in a low growth rate of flame detectors in the oil & gas industry.

The flame detector market is expected to register the highest CAGR in APAC. Growing urbanization has increased construction activities, which are contributing significantly to the growth of the flame detector market in this region. China and Japan being the frontier markets for flame detectors in the APAC region, the steady growth of industries in these countries post the COVID-19 pandemic is expected to fuel the high growth rate in this region. China is projected to lead the flame detector market in APAC during the forecast period, followed by Japan and South Korea. The demand for flame detectors is expected to increase with technological and economic advancements. Moreover, the growing urbanization in this region has increased manufacturing activities, contributing significantly to the growth of the flame detector market. Governments in this region have laid down fire safety norms, and the flame detector market is expected to grow with the execution of these policies. China Fire Protection Association and the Japan Fire Retardant Association (JFRA) have developed fire safety norms.

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The major opportunities for the growth of the flame detector market include integration of flame detectors with IoT and big data. With the rapid development of flame detectors, along with IoT and big data technologies, the concept of smart flame detectors has come to the fore, leading to the expansion of the flame detector market. Smart flame detectors are programmable and can be easily connected to Wi-Fi networks in industrial spaces. These detectors provide flame detection alerts and easy control through mobile devices and facilitate the easy monitoring of the battery status. The IoT system combines data from flame detectors and smoke detectors set up at a location to make better decisions regarding fire safety. This recent shift toward the use of IoT with flame detectors is expected to create new opportunities for the flame detector market during the forecast period.