Global Electronic Article Surveillance Market Size, Growth and Forecast 2024-2032

According to the report by Expert Market Research (EMR), the global electronic article surveillance market size reached a value of USD 1.26 billion in 2023. Aided by the increasing demand for retail security solutions and the growing applications of electronic article surveillance in various sectors, the market is projected to further grow at a CAGR of 4.5% between 2024 and 2032 to reach a value of USD 1.87 billion by 2032.

Electronic Article Surveillance (EAS) is a technology used to prevent theft in retail stores by attaching electronic tags to merchandise. These tags trigger an alarm if they pass through the detection systems at the store exit without being deactivated. The market is driven by the rising need for loss prevention in retail, advancements in technology, and its expanding applications in non-retail sectors such as libraries and healthcare facilities.

The increasing incidence of retail theft and shoplifting is a significant driver of the electronic article surveillance market growth. Retailers are adopting advanced electronic article surveillance solutions to reduce shrinkage, protect merchandise, and improve profitability.

Continuous advancements in technology, including the development of more efficient and cost-effective systems, have enhanced the performance and reliability of solutions. Innovations such as RFID-based electronic article surveillance, integrated video surveillance, and smart tags are driving market growth.

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The growth of the global retail sector, particularly in emerging markets, has boosted the demand for electronic article surveillance solutions. The expansion of retail chains, supermarkets, and convenience stores increases the need for effective loss prevention measures.

The adoption of this technology is expanding beyond the retail sector into areas such as libraries, public transportation, and healthcare facilities. These sectors use it to protect valuable assets, ensure security, and enhance operational efficiency, consequently driving up the electronic article surveillance market share.

Government regulations and market standards related to security and loss prevention are encouraging the adoption of these systems. Compliance with these regulations ensures the safety and protection of assets, driving market demand.

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The retail sector remains the largest market, driven by the need for loss prevention and inventory management. Thes solutions are widely used in supermarkets, apparel stores, electronics stores, and pharmacies to protect merchandise and reduce shrinkage.

Libraries use this technology to protect books and other valuable materials from theft. These systems help ensure the security of library assets while providing a seamless experience for patrons.

In healthcare facilities, they are used to protect medical equipment, pharmaceuticals, and patient records. Ensuring the security of these critical assets is essential for operational efficiency and patient safety.

Public transportation systems, such as metro stations and airports, use this technology to secure luggage, prevent theft, and enhance passenger safety. These solutions help monitor and protect valuable assets in transit.

As per the electronic article surveillance market analysis, North America, including the United States and Canada, is the largest market due to the high adoption rate of advanced security technologies and the presence of major retail chains. The region's strong emphasis on loss prevention and security supports market growth.

Europe, with its robust retail sector and stringent security regulations, represents a significant market share. Countries such as Germany, the United Kingdom, and France are key contributors to market growth.

The Asia-Pacific region, including countries such as China, Japan, and India, is an emerging market for EAS. The growth of the retail sector, increasing disposable incomes, and rising awareness of security solutions drive the market in this region.

Latin America, including Brazil and Mexico, presents growth opportunities for the electronic article surveillance market. The expansion of retail chains and the increasing focus on loss prevention contribute to market development in this region.

Market Segmentation

The market can be divided based on component, type, end use, and region

Market Breakup by Component

Tags
Antennas
Deactivators/Detachers

Market Breakup by Type

Acoustomagnetic
Electromagnetic
Radio Frequency
Microwave

Market Breakup by End Use

Apparel and Fashion Accessories Stores
Supermarkets and Mass Merchandise Stores
Drug and Health Product Stores
Others

Material Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the electronic article surveillance market. Some of the major players explored in the report by expert market research are as follows:

Johnson Controls
ALL-TAG Corporation
Ketec, Inc.
WG Global GmbH
Safegear
Checkpoint Systems, Inc.
Agon Systems Ltd.
Others

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This release was published on openPR.