Electronic article surveillance (EAS) is a type of system used to prevent shoplifting. If you've ever been to a store and heard an alarm when somebody was exiting you've seen the EAS system in action. The rising number of deployments of the EAS systems in retail stores is due to the adoption of the innovative approach of the stores to prevent theft. Furthermore, with the prevention of shoplifting, the retail stores also try to enhance the consumer experience the stores also proliferate the market for the EAS systems.
According to UnivDatos Market Insights (UMI)’ research report “Global Electronic Article Surveillance Market”, the market is expected to grow at a steady rate of around 4% owing to the rising number of retail stores and increasing demand from fashion and retail industry. Major companies in the market that offer electronic article surveillance include Checkpoint Systems, Johnson Controls, Agon Systems, ALL-TAG Corporation, Amersec, TAG Company.
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Based on the component, the market has been categorized into tags, antennas detachers, and others. Among them, the tags segment is expected to have significant growth in the market. The tags are the small signal transmitter that buzzes the alarm when it comes near the antennas. Further, the increasing incidences of shoplifting increase the demand for tags due to their cost efficiency and easy availability.
Based on the technology, the market has been categorized into video wall, acousto-magnetic, electromagnetic, radio frequency, and microwave. Among them, the radio frequency segment is expected to have significant growth in the market during the forecast period. The rising adoption of radio frequency technology in the apparel industry and increasing demand for devices that can detect theft over long distances owing to the segmental growth of the RF technology.
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Based on the end-users, the market has been categorized into apparel fashion accessories stores, supermarkets mass merchandise stores, drug health product stores, and others. Among them, the supermarkets mass merchandise stores segment is expected to have significant growth in the market during the forecast period. The supermarket provides a variety of products of varying price ranges that increase the risk of shoplifting and theft within the stores. Therefore, the demand for the EAS systems from supermarkets mass merchandise stores increases.
APAC to witness extensive growth
For a better understanding of the market adoption of the electronic article surveillance industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The Asia Pacific constitutes a significant electronic article surveillance market due to the increasing disposable income of the people along with the rising number of retail stores in the region.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Electronic Article Surveillance market are Checkpoint Systems, Johnson Controls, Agon Systems, ALL-TAG Corporation, Amersec, TAG Company, Ketec, WG Security Products, Softdel, and Shenzhen Emeno Technology.
“Global Electronic Article Surveillance Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
- By Component (Tags, Antennas Detachers, and Others)
- By Technology (Video Wall, Acousto-Magnetic, Electromagnetic, Radio Frequency, and Microwave)
- By End-user (Apparel Fashion Accessories Stores, Supermarkets Mass Merchandise Stores, Drug Health Product Stores, And Others)
- By Region (North America, Europe, Asia-Pacific, Rest of the World)
- By Company (Checkpoint Systems, Johnson Controls, Agon Systems, ALL-TAG Corporation, Amersec, TAG Company, Ketec, WG Security Products, Softdel, and Shenzhen Emeno Technology.)
Key questions answered in the study:
- What are the current and future trends in the global electronic article surveillance industry?
- How the industry has been evolving in terms of component, technology, end-user?
- How the competition has been shaping across the countries followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the global electronic article surveillance industry?
- What is the customer orientation, purchase behavior, and expectations from the global suppliers across various region and countries?
