EAS Systems Market will reach at a CAGR of 4.5% from to 2027

The global EAS systems market size is USD 1.93 billion in 2020 and is estimated to register a CAGR of 4.5% during the forecast period (2021-2027).

Electronic Article Surveillance (EAS) systems are widely used in the retail industry and other sectors for theft prevention and inventory management. These systems are designed to deter shoplifting and unauthorized removal of items from a store or facility.

 

1. Retail Industry Dominance:The retail sector is the primary market for EAS systems. Retailers, including supermarkets, department stores, and apparel shops, use EAS systems to minimize theft and protect their inventory.
2. Technology Variations:EAS systems employ various technologies, such as Radio-Frequency (RF), Acousto-Magnetic (AM), and Radio-Frequency Identification (RFID). Each has its advantages and is chosen based on the specific needs of the retailer.
3. Market Growth:The EAS systems market has been steadily growing, driven by the need for enhanced security in retail stores. As organized retail crime and shoplifting continue to be concerns, retailers invest in more advanced EAS solutions.

 

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EAS Systems Market Dynamics

The Electronic Article Surveillance (EAS) systems market is influenced by several dynamic factors that shape its growth, adoption, and evolution. Understanding these dynamics is essential for manufacturers, retailers, and stakeholders in the security and loss prevention industry. Here are the key dynamics of the EAS systems market:

1. Retail Industry Trends: The retail sector remains the primary market for EAS systems. Changes in retail practices, such as the rise of e-commerce and omnichannel retailing, impact the demand for EAS solutions. As retailers adapt to new consumer behaviors and shopping methods, EAS systems must also evolve to provide seamless security.
2. Security Concerns: The EAS market is heavily influenced by security concerns, including organized retail crime, shoplifting, and employee theft. As these security threats evolve, EAS systems need to keep pace by offering improved detection capabilities and integrating with other security technologies.
3. Technology Advancements: Ongoing advancements in EAS technology drive innovation in the market. This includes improvements in EAS tags, labels, and detection systems. The adoption of RFID technology within EAS systems for enhanced inventory management and loss prevention is a notable trend.

 

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Market Segmentation Analysis

The study categorizes the global EAS Systems market based on equipment type, technology, type, installation method, distribution channel, application, and regions.

Based on the component, the EAS systems market has been segmented into –

• Electronic Antenna
• Electric Tag
• Deactivator

Based on the type, the EAS systems market has been segmented into –

• Microwave
• Mangneto-Harmonic
• Radio Frequency
• Acuosto-Magnetic

Based on the application, the EAS systems market has been segmented into –

• Clothing and Fashion Accessory
• Cosmetic/Pharmacy
• Supermarket and Large Grocery
• Automotive and Industrial
• Others

By Region Outlook (Sales, Production, USD Million, 2019-2033)

• North America (Mexico, Canada, US)
• South America (Peru, Brazil, Colombia, Argentina, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

 

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REGIONAL ANALYSIS, 2023

Based on the region, the global EAS Systems market has been analyzed and segmented into five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America has been a prominent market for EAS Systemss due to high consumer spending on electronics and a strong demand for home entertainment systems. The United States, in particular, has a large market for EAS Systemss, driven by the popularity of streaming services and the desire for immersive audio experiences.

The Asia Pacific region, including countries like China, Japan, and South Korea, has witnessed substantial growth in the EAS Systems market. Factors contributing to this growth include the rising disposable income, increasing urbanization, and the growing popularity of home theater systems among consumers in the region.

 

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Major Key Players in the EAS Systems Market

The global EAS Systems market is fragmented into a few major players and other local, small, and mid-sized manufacturers/providers, they are –

• CheckPoint Systems
• Nedap NV
• Sentry Technology Corporation
• Tyco International PLC
• Gunnebo Gateway AB
• Industrial Security Solutions Inc.
• Universal Surveillance Systems
• SPIE AGIS Fire & Security
• FE Moran Security Solutions
• All-Tag Security Americas Inc.
• Hangzhou Century Co.
• Tekno Electro Solutions
• Ketec Inc.
• Stanley Securit