Electronic article surveillance (EAS) is a technological method for preventing shoplifting for preventing shoplifting in retail stores, libraries, pharmacy, and other businesses where merchandise is on display. Electronic article surveillance (EAS) system involves three components namely electronic antenna, deactivator or detacher, electronic tag. Retailers can expect an estimated 60 to 80 per cent decrease in anti-shoplifting after implementing an electronic article surveillance system and are useful anywhere there is an opportunity for theft of items of any size.
Sensor tags and labels are fixed to items and are removed or deactivated by the clerks using a label deactivator when the item is properly bought or checked out. If the active tags are passing by then detection systems that are installed at building exits will sound an alarm or alert the staff. Thus, electronic article surveillance systems enables retailer to safely allow a customer free ranges of many of their items while minimizing stock theft. This system also allows the tagged stock to be easily seen and accessed by customers, rather than putting them in locked glass cabinets or behind the counter.
North America is the largest electronic article surveillance system followed by Europe and Asia-Pacific. Asia Pacific is anticipated to witness highest growth during the forecast period due to its flourishing economy. Electronic article surveillance is considered the most successful and effective and scalable anti-shoplifting system available its popularity has soared over the last decade, with reports indicating over one million EAS systems have been installed globally, primarily within the retail sector.
Electronic Article Surveillance (EAS) System Market : Product Type
Electronic Article Surveillance (EAS) System Market : Component Type
Electronic Article Surveillance (EAS) System Market : Application
Global Electronic Article Surveillance (EAS) System Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Electronic Article Surveillance (EAS) System Market:
Geographical analysis of Electronic Article Surveillance (EAS) System Market:
Global Electronic Article Surveillance (EAS) System Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2023 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2023) |
USD 1690 million |
Forecast Value (2030) |
USD 2238.93 million |
CAGR (2022 to 2028) |
4.1 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Electronic Article Surveillance (EAS) System Market was valued at around USD 1690 million in 2023 & estimated to reach USD 2238.93 million by 2030.
Electronic Article Surveillance (EAS) System Market is likely to grow at compounded annual growth rate (CAGR) of 4.1% between 2024 to 2030.
Electronic Article Surveillance (EAS) System Market is dominated by the Supermarkets & Large Grocery segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Electronic Article Surveillance (EAS) System Market are Checkpoint Systems, Tyco Retail Solutions, Nedap, Hangzhou Century Co., Ltd, Gunnebo Gateway, Sentry Technology, Ketec, All Tag, Universal Surveillance Systems, WG Security Products, Safegear.
Primary driving factors for the growth of the Electronic Article Surveillance (EAS) System Market include Technological advancement along with high rate of the shoplifting incidents in the retail sector.
Yes, the report includes COVID 19 impact on the market.
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