Electronic Article Surveillance Market Competitive Analysis, Share, Top Players & Business Trends

Electronic Article Surveillance Market revenue is expected to grow at a rate of 3.6 % CAGR from 2023 to 2029, reaching almost USD1.53 Bn. in 2029.

Electronic Article Surveillance Market Report Scope and Research Methodology

Report Scope:

The Global Electronic Article Surveillance (EAS) market focuses on technical solutions designed to reduce theft in various settings, including retailers, libraries, and office buildings. This technology utilizes special tags affixed to merchandise or publications, which are removed or deactivated upon purchase. If active tags are detected near store exits, the system triggers an alarm, deterring theft. Additionally, some establishments employ EAS systems at restroom entrances to prevent entry with unpaid products.

Research Methodology:

Our research methodology uses actual data from key players worldwide to estimate the 2022 market size and projects trends until 2029. We consider data from the last five years and analyze 2022 in the context of lockdown impacts by region.

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What are Electronic Article Surveillance Market Dynamics?

The Global Electronic Article Surveillance (EAS) Market is on a positive trajectory, driven by retail modernization and the need to combat theft effectively. EAS systems serve as a reliable tool to deter theft, safeguard merchandise, and improve overall security. In addition to theft prevention, these systems are finding applications in healthcare and inventory intelligence. The integration of RFID technology with EAS solutions is opening new avenues for market growth.

Drivers:

Modernization of Retail: The modernization of retail spaces and the transformation of traditional stores into walk-in shopping centers are major drivers of the global EAS market.

Rising Incidence of Theft: The growing issue of shoplifting and theft is encouraging the adoption of surveillance systems to enhance security.

Inventory Intelligence Solutions: The demand for inventory intelligence solutions, including traffic counting and EAS systems in healthcare, is increasing.

Integration of RFID: The integration of Radio-Frequency Identification (RFID) technology with EAS systems is creating new opportunities.

Electronic Article Surveillance Market Segmentation?

Components: Tags, Antennas, and Detachers are the key components of EAS systems. Tags are expected to dominate the market due to their effectiveness in theft reduction. They are widely used in clothing and fashion accessory stores, which drive the demand for tags.

Type: The market is currently dominated by Radiofrequency (RF) technology. RF technology is the preferred choice for apparel stores, supermarkets, mass merchandise stores, and pharmacies due to its long detection range, ease of use, low false alarm rates, and robust anti-interference capabilities.

Application: EAS systems find applications in various sectors, with supermarkets and mass merchandise stores increasingly adopting smart technologies to enhance the shopping experience. The future performance of these sectors is expected to improve further.

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Who are Electronic Article Surveillance Market Key Players?

1. Johnson Controls International plc
2. CCL Industries, Inc.
3. All Tag Corporation
4. Ketec, Inc.
5. Sentry Technology Corporation
6. WG Security Products, Inc.
7. SafeGear ApS.
8. Gunnebo Gateway AB
9. Agon Systems Ltd.
10.Tyco Retail Solutions
11.Checkpoint Solutions
12.Nedap
13.Universal surveillance system
14.Hangzhou Century Co. Ltd (China)
15.Sentry Technology

Table of content for the Electronic Article Surveillance Market includes:

Part 01: Executive Summary

Part 02: Scope of the Electronic Article Surveillance Market Report

Part 03: Global Electronic Article Surveillance Market Landscape

Part 04: Global Electronic Article Surveillance Market Sizing

Part 05: Global Electronic Article Surveillance Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America and Europe: These regions are expected to maintain significant market shares in the electronic article surveillance systems. The modern retail landscape and the expansion of shopping complexes in the Asia Pacific region are contributing to the overall growth of the EAS market.

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This release was published on openPR.