Electronic article surveillance (EAS) systems market size, opportunities, trends, growth factors, revenue analysis, for 2020-2026
The Electronic Article Surveillance (EAS) System market is expected to grow from USD 1,723 million in 2018 to USD 2,156 million by 2026, at a CAGR of 2.80% during the forecast period. Increased number of reported theft or shoplifting incidents in merchandise and book retail stores, increased profits in retail markets, growing need for better merchandise management, logistics control and a customer experience, which increases profit margin, and operational processes in retail stores, the emergence of walk-in shopping complexes in place of traditional stores and the need for better systems of Security in various industries and applications against theft are some of the driving factors of the market.
High initial investments and low cost substitutes for EAS systems available in the market may restrain the growth of the electronic article surveillance (EAS) system market.
The EAS system is anti-theft technology to prevent shoplifting by attaching an electronically detectable label to products. Whenever an unbilled item passes through the store doors, an alert is issued to retailers through the electronic door sensors.
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The major players in the Electronic Article Surveillance (EAS) System market are Sentry Technology Corp, Checkpoint Systems Inc., Tyco Retail Solutions, Tekno Electro Solutions, Ketec Inc., ALL-TAG Security Americas Inc., Hangzhou Century Co., Ltd, Nedap NV, Universal Surveillance Systems and Tag Co.
For the purpose of this report, the market has been segmented on the basis of type, applications, business model, components, and regional analysis.
Electronic Article Surveillance (EAS) Systems Market by Type (Revenue, USD Million; 2018-2026)
Electronic Article Surveillance (EAS) Systems Market by Applications (Revenue, USD Million; 2018-2026)
Cosmetics / Pharmacy
Fashion accessories stores
Electronic Article Surveillance (EAS) Systems Market, by Components (Revenue, USD Million; 2018-2026)
Deactivator / Detacher
Regional Electronic Article Surveillance (EAS) Systems Market Outlook (Revenue, USD Million; 2018-2026)
Middle East and Africa
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Other key findings from the report suggest
The Electronic Article Surveillance (EAS) system market is segmented by type into magnetic systems, acousto-magnetic systems, microwave systems, and radio frequency systems. The RF segment dominates the market with approx. CAGR of 3.92% over the forecast period because it is relatively cheaper, making it an economical choice for small and medium retailers. Additionally, tags and smaller labels can be another bane to the RF system market.
The Electronic Article Surveillance (EAS) system market is segmented by application into supermarkets, clothing stores, cosmetics / pharmacy, and fashion accessory stores. The supermarket market segment is expected to experience the highest CAGR growth of 3.72% during the forecast period, the maximum number of theft and elevation reports reported in this segment.
The electronic article surveillance (EAS) systems market is segmented by geography into North, America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America, since it began to adopt EAS systems rapidly, is expected to experience the highest growth in its CAGR of 4.14% during the forecast period. In addition, APAC leads the market, with a market share of $ 430.75 million in the base year, due to the dominance of China, which is home to some of the leading manufacturers of EAS systems. .
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Key questions addressed in the report:
What will be the expected revenue growth of the Electronic Article Surveillance (EAS) Systems market till 2026?
What key factors are expected to drive the market revenue growth?
What are the major drivers, restraints, opportunities, threats, and challenges that the market will face in the coming years?
Which segment and region are expected to account for the largest share of the market during the forecast period?
What companies are operating in the Electronic Article Surveillance (EAS) Systems market?
What are the main findings of the SWOT analysis and Porter’s five forces analysis?
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