Electronic Article Surveillance Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0099422
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.6 |
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The Electronic Article Surveillance (EAS) Market size is estimated to grow at a CAGR of 7.92% between 2022 and 2032. The market size is forecast to increase by USD 3,567.45 million. The growth of the market depends on several factors, including the increasing need for theft prevention in retail stores, rising adoption of RFID technology, and the growing focus on inventory management. Electronic Article Surveillance refers to a system that uses electronic tags and sensors to prevent theft and unauthorized removal of items from retail stores. It is commonly used in various industries, including retail, healthcare, and libraries, to protect valuable merchandise and assets.
Electronic Article Surveillance Market Overview:
Drivers:
One of the key factors driving the electronic article surveillance market growth is the increasing need for theft prevention in retail stores. With the rise in organized retail crime and shoplifting incidents, retailers are increasingly investing in security solutions to protect their merchandise. Electronic article surveillance systems, including security tags and sensors, act as a deterrent to potential thieves and help in reducing theft losses. These systems provide real-time alerts and enable store personnel to take immediate action, thereby enhancing the security of retail establishments.
Moreover, the adoption of RFID technology is also driving the market growth. RFID tags, which are used in electronic article surveillance systems, offer several advantages over traditional security tags. RFID tags can be easily integrated into product packaging or labels, making them less visible and more difficult to tamper with. Additionally, RFID technology enables real-time inventory tracking and management, improving operational efficiency and reducing out-of-stock situations. The increasing adoption of RFID technology across various industries, including retail and healthcare, is fueling the demand for electronic article surveillance systems.
Trends:
A key trend shaping the electronic article surveillance market is the integration of advanced analytics and artificial intelligence (AI) capabilities. Manufacturers are incorporating AI algorithms and machine learning techniques into electronic article surveillance systems to analyze data and identify patterns of suspicious behavior. These advanced analytics capabilities enable retailers to proactively detect and prevent theft incidents, optimize store layouts, and improve overall security. Additionally, the integration of video surveillance and facial recognition technologies with electronic article surveillance systems is gaining traction, providing enhanced security and identification capabilities.
Furthermore, there is a growing focus on omnichannel retailing, which is driving the demand for integrated electronic article surveillance solutions. Retailers are increasingly adopting unified inventory management systems that enable seamless tracking of merchandise across online and offline channels. Integrated electronic article surveillance systems, combined with RFID technology, provide real-time visibility into inventory levels, reduce shrinkage, and improve order fulfillment processes. This integration allows retailers to enhance the customer shopping experience and optimize their supply chain operations.
Restraints:
One of the key challenges hindering the electronic article surveillance market growth is the high initial cost of implementation. Electronic article surveillance systems require upfront investment in security tags, sensors, and surveillance infrastructure. Additionally, the integration of advanced analytics and AI capabilities may require additional investment in software and data analytics platforms. This cost factor may deter small and medium-sized retailers from adopting electronic article surveillance solutions, especially in price-sensitive markets.
Electronic Article Surveillance Market Segmentation By Application:
The retail segment is estimated to witness significant growth during the forecast period. Electronic article surveillance systems play a crucial role in retail loss prevention by deterring theft and reducing shrinkage. These systems are widely used in various retail formats, including supermarkets, department stores, and specialty stores. Electronic article surveillance solutions, such as security tags, labels, and pedestals, are integrated into the store infrastructure to protect merchandise and assets. The increasing focus on reducing inventory losses and improving profitability is driving the demand for electronic article surveillance systems in the retail sector.
The healthcare segment is also expected to contribute to the market growth. Electronic article surveillance systems are used in healthcare facilities, such as hospitals and pharmacies, to prevent theft of medical supplies, drugs, and equipment. These systems help in maintaining the security and integrity of healthcare assets, ensuring patient safety, and reducing inventory losses. The increasing adoption of electronic article surveillance solutions in the healthcare industry, driven by regulatory compliance requirements and the need for asset protection, is fueling the market growth in this segment.
Electronic Article Surveillance Market Segmentation By Type:
The radio frequency (RF) segment is expected to dominate the market during the forecast period. RF-based electronic article surveillance systems use radio waves to detect the presence of security tags or labels. RF technology offers reliable detection capabilities, high tag read rates, and cost-effective implementation. RF-based systems are widely used in retail stores and other industries due to their effectiveness in preventing theft and their compatibility with a wide range of merchandise. The increasing adoption of RF technology in electronic article surveillance systems, driven by its proven track record and affordability, is driving the growth of this segment.
Regional Overview:
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North America is estimated to contribute significantly to the growth of the global electronic article surveillance market during the forecast period. The region has a high concentration of retail stores and a strong emphasis on loss prevention and security. The presence of key market players, technological advancements, and stringent regulations regarding theft prevention further support market growth in North America.
Europe is also expected to witness substantial growth in the electronic article surveillance market. The region has a well-established retail industry and a growing focus on inventory management and security. The increasing adoption of RFID technology and the need for theft prevention in retail stores are driving the market in Europe.
Electronic Article Surveillance Market Customer Landscape:
The electronic article surveillance market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Electronic Article Surveillance Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Checkpoint Systems, Inc.: The company offers a range of electronic article surveillance solutions, including security tags, labels, and pedestals.
Tyco Retail Solutions: The company provides integrated electronic article surveillance systems that combine RFID technology with video surveillance and analytics capabilities.
Sensormatic Solutions: The company offers a comprehensive portfolio of electronic article surveillance solutions, including RF-based and RFID-based systems.
Some of the major companies operating in the electronic article surveillance market include:
- Checkpoint Systems, Inc.
- Tyco Retail Solutions
- Sensormatic Solutions
- Nedap N.V.
- Johnson Controls International plc
- Hangzhou Century Co., Ltd.
- All Tag Security Americas Inc.
- Tag Company
- Axis Communications AB
- Tagit SA
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The electronic article surveillance market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Retail
o Healthcare
o Others
- Type Outlook (USD Million, 2019 - 2032)
o Radio Frequency (RF)
o Radio Frequency Identification (RFID)
o Magnetic
o Others
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL Electronic Article Surveillance MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 - 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Electronic Article Surveillance MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Electronic Article Surveillance Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Electronic Article Surveillance MARKET BY TYPE INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Type 1
5.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
5.3. Type 2
5.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 6. Electronic Article Surveillance MARKET BY APPLICATION INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Application 1
6.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.3. Application 2
6.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.4. Application 3
6.4.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.5. Application 4
6.5.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 7. Electronic Article Surveillance MARKET REGIONAL OUTLOOK
7.1. Electronic Article Surveillance Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Electronic Article Surveillance Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.2. North America Electronic Article Surveillance Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.3. North America Electronic Article Surveillance Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.4. North America Electronic Article Surveillance Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Electronic Article Surveillance Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.5.2. U.S. Electronic Article Surveillance Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.5.3. U.S. Electronic Article Surveillance Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.5.4. U.S. Electronic Article Surveillance Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Electronic Article Surveillance Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.6.2. Canada Electronic Article Surveillance Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.6.3. Canada Electronic Article Surveillance Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.6.4. Canada Electronic Article Surveillance Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Electronic Article Surveillance Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.2. Europe Electronic Article Surveillance Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.3. Europe Electronic Article Surveillance Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.4. Europe Electronic Article Surveillance Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Electronic Article Surveillance Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.5.2. Germany Electronic Article Surveillance Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.5.3. Germany Electronic Article Surveillance Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.5.4. Germany Electronic Article Surveillance Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Electronic Article Surveillance Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.6.2. France Electronic Article Surveillance Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.6.3. France Electronic Article Surveillance Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.6.4. France Electronic Article Surveillance Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Electronic Article Surveillance Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.7.2. U.K. Electronic Article Surveillance Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.7.3. U.K. Electronic Article Surveillance Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.7.4. U.K. Electronic Article Surveillance Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Electronic Article Surveillance Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.2. Asia Pacific Electronic Article Surveillance Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.3. Asia Pacific Electronic Article Surveillance Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.4. Asia Pacific Electronic Article Surveillance Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Electronic Article Surveillance Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.5.2. China Electronic Article Surveillance Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.5.3. China Electronic Article Surveillance Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.5.4. China Electronic Article Surveillance Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Electronic Article Surveillance Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.6.2. India Electronic Article Surveillance Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.6.3. India Electronic Article Surveillance Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.6.4. India Electronic Article Surveillance Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Electronic Article Surveillance Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.7.2. Japan Electronic Article Surveillance Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.7.3. Japan Electronic Article Surveillance Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.7.4. Japan Electronic Article Surveillance Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Electronic Article Surveillance Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.8.2. Australia Electronic Article Surveillance Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.8.3. Australia Electronic Article Surveillance Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.8.4. Australia Electronic Article Surveillance Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Electronic Article Surveillance Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.5.2. Mea Electronic Article Surveillance Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.5.3. Mea Electronic Article Surveillance Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.5.4. Mea Electronic Article Surveillance Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Electronic Article Surveillance Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.6.2. Latin America Electronic Article Surveillance Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.6.3. Latin America Electronic Article Surveillance Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.6.4. Latin America Electronic Article Surveillance Market Estimates And Forecast By Production Process, 2016 -2027, (USD Million)
7.6.5. Latin America Electronic Article Surveillance Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Company 1
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Company 2
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Company 3
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Company 4
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Company 5
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9. Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
List of Tables and Figures
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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