The market for electronic article surveillance was valued US$ 1.19 billion in 2022, and total revenue is anticipated to increase by 3.6% CAGR from 2023 to 2029, almost reaching US$ 1.53 billion in 2029.
Electronic Article Surveillance Market Overview
A market research study on “Electronic Article Surveillance Market” is available from Maximize industry Research, a global healthcare industry research company.An extensive overview of the market for biopharmaceutical CMOs and CROs is provided in the paper. The market size and growth rate are two major points of the report. The drivers, restraints, challenges, and opportunities for the growth of the Electronic Article Surveillance market are included in the report’s insights.
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Sub Segmentation :
by Component
Tags
Antennas
Detachers
by Type
Magneto-harmonic
Acousto-magnetic
Radiofrequency
Microwave
by Application
Clothing and fashion accessories
Cosmetics
Supermarkets and mass merchandise
Others
Electronic Article Surveillance Market Report Scope and Research Methodology
Electronic Article Surveillance Market Analysis used both primary and secondary research techniques. Through surveys, interviews, and market observations, primary research entailed the direct acquisition of data from the marketplace. In secondary research, information was gathered from published sources such news stories, company websites, and industry studies.
The industry’s competition, which includes market leaders, imitators, and newcomers, is thoroughly studied. The important figures obtained at following thorough Electronic Article Surveillance analysis were confirmed and verified through extensive primary research. Market engineering, market forecasting, market breakdown, and data triangulation are all examples of market statistics calculations. The company’s annual reports, articles, paid and free databases, etc. were used to gather the secondary data. calculating the regional
Electronic Article Surveillance Market Segmentation:
The market is divided into Tags, Antennas, and Detachers based on Component. Tags are expected to dominate the market due to increased protection for objects to reduce theft and shoplifting. The majority of tag demand is accounted for by retailers of clothing and accessories.
Items are better protected by tags, which lowers theft and theft-related crimes. Tags in an active condition that traverse an EAS detection zone at a store’s entrance or departure cause an alert. There are two different types of tags available: hard and soft. Most tags and labels function similarly when it comes to being detected by the security antenna located at the doors. Retailers of clothing and fashion accessories account for the majority of tag demand, and as a result .
The market is divided into Magneto-harmonic, Acousto-magnetic, Radiofrequency, and Microwave segments based on type. RF technology now dominates the market, and over the course of the projection period, this trend is expected to persist. The rise of RF technology is being fueled by the expanding use of RF technology-based components in end-users such clothing and fashion accessory retailers, supermarkets and mass merchandisers, and pharmacy and health product retailers. Additionally, RF technology has vital qualities that contribute to its supremacy in the market, such as an extremely long detection range, simplicity in installation and operation, a low false alarm rate, excellent anti-interference capabilities, and great stability and durability.
Electronic Article Surveillance Market Regional Insights
The research offers a thorough examination of the growth factors, obstacles, outlook, and competitive environment in every region. North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are the geographical regions into which the market is divided. The research also lists the top nations in each area and projects their respective markets.
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Electronic Article Surveillance Market Key Players
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
Table Of Content :
1. Global Electronic Article Surveillance Market: Research Methodology
2. Global Electronic Article Surveillance Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Electronic Article Surveillance Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Electronic Article Surveillance Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact
Important inquiries addressed in the Electronic Article Surveillance Market are:
COVID-19 Impact Analysis on Electronic Article Surveillance Market:
end-user industries utilizing Electronic Article Surveillance experienced a drop in growth in several countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to operational pauses amid increasing COVID-19 cases and lockdowns. This decline in end-user industry revenues led to a significant decrease in demand for Electronic Article Surveillance manufacturers, directly impacting the growth of the Electronic Article Surveillance Market in 2023. The global increase in COVID-19 instances contributed to the sharp decline in demand for Electronic Article Surveillance products as businesses faced challenging conditions during this period.
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