In case of fire or smoke, the alarm in the detector triggers and notifications are sent to all the connected devices. With the advent of artificial intelligence and internet of things IoT in the development of smart devices, the market for smart smoke detector has become lucrative for manufacturers to integrate these technologies in smoke detectors, encouraging them develop new products in smoke detector. The major factor attributing to the growth of smart smoke detector market includes growing number of fatal injuries in commercial buildings and industrial premises. Moreover, customers inclination towards smart buildings is fueling the market growth. However, high costs incurred in the deployment of smart smoke sensors might hamper the growth of smart smoke detector market. The market seeks opportunities owing to adoption of IoT and connected technologies by the customers. Europe is the second dominating region in the smart smoke detector market. Although Europe is technically advanced and well established region, the residents are unlikely to switch to smart solutions and thus, refrain the market growth in European region. On the contrary, the region of Asia Pacific is expected to witness a highest growth rate during the forecast period. China, India, Japan, Singapore, South Korea, are some major countries in Asia Pacific which are investing heavily in developing smart cities in their respective territory which is also fueling the adoption of smart smoke detectors by the end consumers. The key players in the smart smoke detector market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.