In 2023, the sold production of electric burglar or fire alarms for buildings in Italy was valued at an estimated 201.49 million Euros. From 2024 onwards, forecasts show a consistent rise, reaching 286.11 million Euros by 2028. This represents a compound annual growth rate (CAGR) of approximately 7.15% from 2023 to 2028. The year-on-year percentage increases indicate a steady growth trajectory, reflecting a robust demand for security solutions driven by technological advancements, increased awareness, and regulatory impetus on building safety.
Future trends to watch for in this sector include:
- Integration of AI and IoT technologies to enhance alarm system capabilities.
- Increasing consumer preference for smart home security solutions.
- Potential regulatory changes mandating updated security systems in buildings.
- Growing importance of cyber security in system integrations.
