Electronic Article Surveillance (EAS) Systems Market Size to Grow USD 2,156 Million By 2026 with CAGR of 2.80% | Key Players- Sentry Technology Corp, Checkpoint Systems Inc., Tyco Retail Solutions, etc.

The Electronic Article Surveillance (EAS) Systems Market is expected to grow from USD 1,723 million in 2018 to USD 2,156 million by 2026, at a CAGR of 2.80% during the forecast period. Growth in the number of theft or shoplifting incidents reported at retail stores of merchandise & books, increasing profits in the retail markets, growing need for better merchandise management, logistics control, and customer experience, which increases the profit margin, and the operational processes in the retail stores, emergence of walk-in shopping complexes in place of traditional stores and need for better security systems across various industries and applications against thefts are some of the driving factors of the market.

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Key players with in Electronic Article Surveillance (EAS) Systems market are Sentry Technology Corp, Checkpoint Systems Inc., Tyco Retail Solutions, Tekno Electro Solutions, Ketec Inc., ALL-TAG Security Americas Inc., Hangzhou Century Co., Ltd, Nedap N.V., Universal Surveillance Systems and Tag Co.

High initial investments and low-cost substitutes of EAS systems available in the market may restrain the growth of the Electronic Article Surveillance (EAS) Systems market.

EAS system is an anti-theft technology to prevent shoplifting, by attaching an electronically detectable tag to products. Whenever there is an unbilled item passing through the gates of the store, an alert is issued for the retailers through the electronic gate sensors.

For the purpose of this report, the market has been segmented on the basis of type, applications, business model, components and regional analysis.

Electronic Article Surveillance (EAS) Systems Market by type (Revenue, USD Million; 2018-2026)
o Magneto-Harmonic
o Acousto-Magnetic
o Radio Frequency
o Microwave

Electronic Article Surveillance (EAS) Systems Market by applications (Revenue, USD Million; 2018-2026)
o Supermarkets
o Apparel Stores
o Cosmetics/Pharmacy
o Fashion Accessories Stores

Electronic Article Surveillance (EAS) Systems Market, by components (Revenue, USD Million; 2018-2026)
o Electronic Antenna
o Deactivator/Detacher
o Electronic Tag

Regional Outlook (Revenue in USD Million; 2016-2026)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
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Further key findings from the report suggest
1. The Electronic Article Surveillance (EAS) Systems market is segmented by type into magnetic systems, acousto-magnetic systems, microwave systems and radio frequency systems. The radio frequency segment dominates the market with an approx. CAGR of 3.92% in the forecast period, since is relatively cheaper, making it an economical choice for small and mid-level retailers. Moreover, the smaller sized tags and labels can be another bane to the RF systems market.
2. The Electronic Article Surveillance (EAS) Systems market is segmented by application into supermarkets, apparel stores, cosmetics/pharmacy, and fashion accessories stores. The market for supermarkets segment is expected to witness highest growth of CAGR 3.72% during the forecast period, maximum reports of theft and uplifting reported in thie s segment.
3. The Electronic Article Surveillance (EAS) Systems Market is segmented by Geography into North, America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America, since has started an early adoption of the EAS systems, is expected to witness the highest growth in its CAGR 4.14% during the forecast period. Moreover, APAC leads the market, with a market share of USD 430.75 million in the base year, due to the domination of China, which is the home for some leading manufacturers of EAS systems.

Reasons to buy this market intelligence report:
1. Detailed market evaluation both at regional and global levels.
2. Significant changes in market scenario, along with an extensive competitive analysis
3. Classification of the industry based on product type, application, and region
4. Market segments segregated on the basis of type, application, and geography
5. Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales
6. Investigation of significant developments in the market dynamics
7. Market segments and regions

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