Global Electronic Article Surveillance Market

Electronic Article Surveillance Market was worth USD 1.23 Bn. in 2023 and total revenue is expected to grow at a rate of 3.6 % CAGR from 2024 to 2030, reaching almost USD 1.58 Bn. in 2030.

Global Electronic Article Surveillance Market Overview:

Electronic article surveillance (EAS) is a technical tool for reducing stealing in retailers, book theft from libraries, and property removal from office buildings. Merchandise or publications are labelled with special tags. When an item is correctly purchased or checked out, the clerks remove or deactivate these tags. When a detection system detects active tags near the store's exits, it sounds an alarm or otherwise warns the employees. Some establishments additionally have detecting systems at the restroom entrances that sound an alert if someone tries to enter the restroom with unpaid products.To know about the Research Methodology :- Request Free Sample Report

Market Dynamics:

The Global Electronic Article Surveillance System (EAS) Market is being driven by the increasing modernization of retail establishments. A walk-in shopping Centre is being created from traditional stores. Another key driver of the global Electronic Article Surveillance System (EAS) Market is the rising incidence of shoplifting and theft, which is driving the use of surveillance systems.

Other major drivers include the growing demand for inventory intelligence solutions, as well as traffic counting and the EAS system in healthcare. The growing interest in digital technologies, as well as the integration of RFID with EAS, is predicted to open up new lucrative prospects, propelling the Electronic Article Surveillance System (EAS) Market to new heights. In addition, emerging nations' strong development potential will provide a chance for the Electronic Article Surveillance System to expand (EAS).

The high implementation cost of electronic article surveillance systems is a factor limiting the market's growth.

The creation of new technologies to update the Electronic Article Surveillance System (EAS) and convert it into critical software for advanced surveillance utilizing cameras offers potential. As a result, there is plenty of opportunities for the market to grow.

Global Electronic Article Surveillance Market Segment Analysis:

Based on Component, the market is segmented into Tags, Antennas, and Detachers. Due to greater protection for items to decrease theft and shoplifting, tags are predicted to dominate the market share. Clothing and fashion accessory stores account for the majority of tag demand.

Tags offer improved protection for items, reducing stealing and theft. When tags travel across an EAS detection zone at a store's entrance or exit in an active state, they trigger an alert. There are two sorts of tags on the market: hard and soft. In terms of detecting performance by the security antenna situated at the doors, the majority of tags and labels work in a similar way. The majority of tag demand comes from clothes and fashion accessory retailers, and as the number of customers grows, so does the number of retail outlets, pushing the expansion of the electronic article surveillance market for tags.

Based on Type, the market is segmented into Magneto-harmonic, Acousto-magnetic, Radiofrequency, and Microwave. The market is now dominated by RF technology and this trend is projected to continue over the forecast period. The increasing use of RF technology-based components in end-users such as apparel and fashion accessories stores, supermarkets, and mass merchandise stores, and pharmacy and health product stores are driving the rise of RF technology. Furthermore, RF technology offers crucial characteristics such as ultra-long detection range, ease of installation and operation, low false alarm rate, strong anti-interference ability, and high stability and durability, all of which contribute to the market's dominance.Based on Application, the market is segmented into Clothing and fashion accessories, Cosmetics, Supermarkets, and mass merchandise, and others. Supermarkets and mass merchandisers have been transitioning into smart stores in recent years in order to provide a better shopping experience. Many store operators are adopting new technologies in their supply chain as well as in their storefronts to keep up with the pace of changing shopping behavior and the emergence of new trends, allowing them to test new delivery models, develop private labels, and form partnerships with leading internet connectivity providers to expand their market presence. In the future years, the performance of the supermarket and mass merchandise sectors is expected to improve even further.

Global Electronic Article Surveillance Market Regional Insights:

In the electronic article surveillance market, APAC is expected to have the fastest growth rate. A growing number of garment and fashion accessory businesses, as well as supermarkets and mass merchandisers, are likely to drive up demand for EAS systems. Because of the region's rapid economic growth, increased consumerism, rising standards of living, increasing disposable incomes, and changing lifestyles, supermarket and mass goods outlets are likely to grow in number, increasing demand for EAS systems because shops lose a significant amount of money as a result of shoplifting.

The North American and European regions are likely to have a big market share in electronic article monitoring systems. Due to the rise of modern retail in this region, the electronic article surveillance system market in the Asia Pacific is also seeing significant growth. Related to the expansion of shopping malls and complexes in this region, the Middle East and Africa region is also experiencing significant growth in this industry.

The objective of the report is to present a comprehensive analysis of the global Electronic Article Surveillance Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global market dynamics, structure by analyzing the market segments and projects the global Electronic Article Surveillance Market size. Clear representation of competitive analysis of key players by Component, price, and financial position, Component portfolio, growth strategies, an Regional presence in the global Market make the report investor’s guide.

Electronic Article Surveillance Market Scope: Inquire before buying

Electronic Article Surveillance Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Electronic Article Surveillance Market, key players

The Electronic Article Surveillance companies are enhancing their market positions through significant expansions, mergers and acquisitions, and strategic deals. The focus is primarily on expanding production capabilities and forming strategic partnerships to solidify their presence and meet the growing global demand for Electronic Article Surveillance market.

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

Frequently Asked Questions:

1) What was the market size of Global Electronic Article Surveillance Market markets in 2023?
Ans - Global Electronic Article Surveillance Market was worth USD 1.23 Bn in 2023.

2) What is the market segment of Global Electronic Article Surveillance Market markets?
Ans -The market segments are based on Material of Component, Type and Application.

3) What is forecast period consider for Global Electronic Article Surveillance Market markets market?
Ans -The forecast period for Global Electronic Article Surveillance Market is 2024 to 2030.

4) Which are the worldwide major key players covered for Global Electronic Article Surveillance Market report?
Ans - Johnson Controls International plc (NYSE: JCI), CCL Industries, Inc., All Tag Corporation, Ketec, Inc., Sentry Technology Corporation, WG Security Products, Inc., SafeGear ApS., Gunnebo Gateway AB, Agon Systems Ltd., Tyco Retail Solutions, Checkpoint Solutions, Nedap, Universal surveillance system, Hangzhou Century Co. Ltd (China), Sentry Technology.

5) Which region is dominated in Global Electronic Article Surveillance Market?
Ans -In 2023, Asia pacific region dominated the Global Electronic Article Surveillance market