In 2023, the sold production of electrical burglar or fire alarms (excluding motor vehicles or buildings) in the UK was approximately 80.5 million Euros. Forecast data from 2024 onward anticipates a steady increase in production value, with a growth of 2.17% in 2024 over 2023, and subsequent year-on-year increases of approximately 1.97% in 2025, 1.89% in 2026, 1.82% in 2027, and 1.75% in 2028. The compound annual growth rate (CAGR) for these five forecasted years is projected around 1.92%.
Future trends to watch for include:
- Advancements in technology driving innovation and efficiency in alarm systems
- Increasing demand for security solutions amidst rising security concerns
- Potential regulatory impacts or incentives for adopting modern security systems
- Influence of economic conditions on consumer and business expenditure on security technologies
