With 3.4% CAGR, EAS Antennas Market Growth to Surpass US$ 403.5 Million till 2023-28

According to the latest report by IMARC Group, titled, "EAS Antennas Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2023-2028," The global EAS antennas market size reached US$ 327.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 403.5 Million by 2028, exhibiting a growth rate (CAGR) of 3.4% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Industry Definition and Application:

Electronic article surveillance (EAS) antennas are utilized to combat theft in retail stores. They are typically placed at store entrances and exit points, where they emit and receive signals within a specific range and frequency to identify any unpaid items in a shopper's possession. The antennas can be attached to various items, including clothing, accessories, shoes, eyewear, golf clubs, handbags, liquor bottles, and waterproof products. At present, EAS antennas are gaining immense traction across the globe due to their cost-effectiveness and ability to increase product security, promote brand recognition, and enhance the overall customer experience.

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EAS Antennas Market Trends and Drivers:

The global EAS antennas market experiences significant growth, primarily attributed to heightened demand within the retail sector. These antennas play a pivotal role in aiding retailers in detecting stolen merchandise and preventing shoplifting incidents by promptly alerting staff when unauthorized items pass through entry points. Furthermore, the healthcare industry has witnessed a notable surge in the adoption of EAS systems, further bolstering market expansion. Increased investments in advanced security systems have acted as a catalyst for market growth. Notably, leading industry players are introducing innovative smart security systems characterized by superior stability, ultra-wide detection ranges, robust anti-interference capabilities, and reduced false alarms, thus contributing significantly to market expansion. Other factors, including the rapid expansion of the retail sector, a rise in burglary and theft occurrences, and growing awareness regarding the advantages of EAS antennas, are also expected to drive the market's continued growth.

Report Segmentation:

The report has segmented the market into the following categories:

Competitive Landscape:

Agon Systems Ltd.
CCL Industries Inc.
Great Eastern IDTech Pvt. Ltd.
GLOVERETAIL, Gunnebo AB
Hangzhou Century Co.,Ltd.
Nedap N.V., Johnson Controls International Plc
TAG Worldwide Group Limited
WG Security Products, Inc

Breakup by Product Type:

RF Technology EAS
Acoustic Magnetic Technique EAS
Others

Breakup by Application:

Apparel and Fashion Accessories Stores
Cosmetics and Medical Stores
Supermarkets and Large Grocery Stores
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

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