Electronic Article Surveillance Market: Trends and Growth Forecasts 2023-2029

Global Electronic Article Surveillance Market Overview:

The Electronic Article Surveillance (EAS) market, valued at US$ 1.19 billion in 2022, is expected to grow at a CAGR of 3.6% from 2023 to 2029, reaching nearly US$ 1.53 billion in 2029. EAS systems are employed in retail, libraries, and office buildings to deter theft by tagging merchandise or publications, triggering alarms at exits if tags remain active.

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Estimated Revenue Growth:

Electronic Article Surveillance Market was worth US$ 1.19 Bn. in 2022 and total revenue is expected to grow at a rate of 3.6 % CAGR from 2023 to 2029, reaching almost US$ 1.53 Bn. in 2029.

Market Dynamics:

Increasing Modernization of Retail: Traditional stores are evolving into walk-in shopping centers, boosting the adoption of EAS systems.

Rising Incidence of Shoplifting: The need for surveillance systems has increased due to the growing occurrence of shoplifting and theft.

Demand for Inventory Intelligence Solutions: The interest in inventory intelligence, traffic counting, and integrating RFID with EAS is on the rise, creating new growth opportunities.

High Implementation Costs: However, the high costs of implementing EAS systems act as a limiting factor for market growth.

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Electronic Article Surveillance Market Segmentation

Electronic Article Surveillance Market by Component

Tags
Antennas
Detachers

The market is divided into Tags, Antennas, and Detachers based on Component. Tags are expected to dominate the market share because they provide greater protection for objects, which reduces theft and shoplifting. Stores selling apparel and accessories make up the majority of tag demand.

Items are better protected with tags, which lowers theft and stealing. An alarm is set off when tags in an active condition pass across an EAS detection zone at a store's entrance or departure. Hard and soft tags are the two types available on the market. Most tags and labels function similarly when it comes to being detected by the security antennas that are located at the entrances.

Electronic Article Surveillance Market by Type

Magneto-harmonic
Acousto-magnetic
Radiofrequency
Microwave

The market is divided into Magneto-harmonic, Acousto-magnetic, Radiofrequency, and Microwave segments based on type. RF technology now dominates the market, and it is anticipated that this trend will hold true for the duration of the forecast. The rise of RF technology is being driven by the growing use of RF technology-based components in end-users such mass merchandise stores, pharmacies, and stores selling health and beauty products, as well as supermarkets and garment and accessory stores. Critical features that contribute to the market's supremacy include RF technology's ultra-long detection range, ease of installation and operation, low false alarm rate, strong anti-interference ability, high stability, and durability.

Electronic Article Surveillance Market by Application

Clothing and fashion accessories
Cosmetics
Supermarkets and mass merchandise
Others

The market is divided into categories based on application, including mass merchandise, supermarkets, cosmetics, apparel, and fashion accessories. To improve the shopping experience, mass merchandisers and supermarkets have been converting to smart stores in recent years. In order to stay up with the rapid changes in consumer behaviour and the emergence of new trends, a lot of store operators are implementing new technologies in both their supply chains and their physical storefronts. These technologies enable them to test new delivery strategies, create private labels, and collaborate with top internet connectivity providers to increase their market share. It is anticipated that the mass merchandise and supermarket industries would continue to do better in the upcoming years.

Electronic Article Surveillance Market Regional Revelations

APAC Growth: The Asia-Pacific region is expected to witness the fastest growth in the EAS market due to the increasing number of garment and fashion accessory businesses, supermarkets, and mass merchandisers.

North America and Europe: These regions are expected to have a substantial market share due to the growth of modern retail.

Middle East and Africa: This region is also experiencing significant growth in EAS systems due to the expansion of shopping malls and complexes.

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Market Leaders for Electronic Article Surveillance

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

Objective of the Report:

The report aims to present a comprehensive analysis of the global Electronic Article Surveillance Market to industry stakeholders. It covers past and present market status, forecasts, trends, and key player analysis.

Analysis Tools:

The report utilizes tools like PORTER, PESTEL analysis, and evaluates micro-economic factors' potential impact. It provides an understanding of market dynamics, structure, and competitive analysis of key players to assist decision-makers.

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Table of Content: Electronic Article Surveillance Market

Part 01: Executive Summary

Part 02: Scope of the Electronic Article Surveillance Market Report

Part 03: Electronic Article Surveillance Market Landscape

Part 04: Electronic Article Surveillance Market Sizing

Part 05: 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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