Between 2013 and 2023, the burglar or fire alarms market in Austria showed overall growth. In 2023, the market size stood at 1.929 million. The year-on-year variation for 2023 was 3.98%, while the compound annual growth rate (CAGR) over the last five years was 3.32%. A fluctuating trend was observed, with periods of growth and decline. Notable deviations included a decline in 2016 and a slight downward trend in 2020.

Future trends to watch for:

The market is forecasted to grow with a 5-year CAGR of 2.7% up to 2028.
Innovations in smart home technology could drive more rapid market expansion.
Increasing awareness of home security and insurance benefits from alarm systems are likely to stimulate demand.