Electronic Article Surveillance Market In-depth Insights, Revenue Details, Regional Analysis by 2027 | Checkpoint Systems, Inc., Sensormatic Solutions, Gunnebo Gateway AB

Report Ocean publishes a new report on the global Electronic Article Surveillance Market. The global Electronic Article Surveillance Market calculation is based on a combination of information from first-hand sources, qualitative and quantitative assessments from industry analysts, input from experts and participants across the value chain.

Global Electronic Article Surveillance Market to reach USD 1.2 billion by 2027. Global Electronic Article Surveillance Market is valued approximately at USD 0.97 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.60% over the forecast period 2021-2027.

Electronic article surveillance (EAS) is a technological method that uses detection antennas at the store's exit and hard tags, which are labels attached to the items being produced. These are electronic detectable tags or labels that are attached to products and deactivated by staff personnel once the item has been purchased or checked out.

The EAS system prevents theft from shops, bookstores, and libraries, as well as the removal of property from office buildings. The market is driven by key factors such as the high adoption of the Acousto Magnetic System for wider protection in retail stores and protection against inventory losses, shoplifting, and theft. Organized retail crime (ORC) costs the retail industry about USD 30 billion per year, according to the NRF (National Retail Federation). Shoplifting is also a major cause of shrinkage in the retail market, according to the National Retail Security Survey (NRRS).

All of these incidents have prompted retailers to install a theft-prevention system, resulting in increased demand for EAS. However, disruption in retail sector affecting the demand may impede market growth over the forecast period of 2021-2027.

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Report includes an in-depth analysis of macroeconomic indicators, market trends, and governing factors, as well as market attractiveness by segment. A qualitative impact map of different market factors appears in the report. A study of the impact of COVID-19 (Corona Virus) on the product industry chain is analyzed based on upstream and downstream markets, on various regions and countries, and the future development of the industry is forecast.

Report on the Global Electronic Article Surveillance Market aim to enable readers to understand the market and competitive landscape in a way that supports better decision-making. This report includes an overview of participants' financial results, including revenue results, sales volume, gross margin, capital investment, and the global Electronic Article Surveillance Market growth rate.

The researchers collect market demand and size information and validate it with market experts. This study also explores the geographical distribution of the Electronic Article Surveillance Market. The market studies provide information about the industry to top manufacturers, distributors, traders, and dealers. It will offer an overview of the product, the market, the market driving force, the risk & opportunities, and the research findings.

Impact Analysis of COVID-19

• The report examines in detail the impact of Covid-19 on the Electronic Article Surveillance Market

• The Covid-19 outbreak has caused thousands of illnesses worldwide, and the World Health Organization has declared it a global health emergency. Coronavirus disease, which already affects these groups, will have an impact on Electronic Article Surveillance Market segments.

• The economic damage is already evident and represents the world's worst economic shock in decades as the health and human toll rise.

• Several undesirable outcomes can occur in chaotic situations, including restaurant closing, flight canceling, travel restrictions in place, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The study covers the fundamental aspects of the Global Electronic Article Surveillance Market, including its future prospects and competitive landscape, in great detail. A Porter's Five Forces analysis of the Electronic Article Surveillance Market provides insights into the factors influencing its growth. Accordingly, this market study breaks down the Electronic Article Surveillance Market into segments, regions, and players to present a clear picture of the current market environment. Research also covers macroeconomics and microeconomics. In the report, several graphs, charts, and tables appear effectively.

Regional Overview

The Electronic Article Surveillance Market study gives a comprehensive look at country-level segments classified as potentially high-growth areas, countries with the highest market share, and countries with the most potential growth. The Electronic Article Surveillance Market study includes regional break-ups like North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Electronic Article Surveillance Market are:

Checkpoint Systems, Inc.
Sensormatic Solutions
Gunnebo Gateway AB
All-Tag Corporation
Agon Systems
Ketec, Inc.
Shenzhen Emeno Technology
Dexilon Automation S.L.
Tag Company (UK) Ltd
Nedap N.V.

Scope of the Report

The global Electronic Article Surveillance Market segmentation focuses on:

By Components:
Tags
Antennas
Deactivators/Detachers
Other Components (Labels and Safer)

By End User:
Clothing & Fashion Accessories
Cosmetics/Pharmacy
Supermarkets and Mass Merchandise Stores
Other End-Users

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This release was published on openPR.