Electronic Article Surveillance Market Size and Share Study 2028

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Report Code TIPRE00003038   No. of
Pages 170   Category Electronics and
Semiconductor 

• Electronic Article Surveillance Market Size,
  Growth, Industry Analysis By Forecast 2028

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• Electronic Article Surveillance Market Insights

The electronic article surveillance market is
expected to grow from US 1,116.07 million in
2022 to US 1,484.00 million by 2028 it is
estimated to register a CAGR of 4.9 from 2022 to
2028. The significant presence of the retail
industry in North America is one of the major
factors driving the electronic article
surveillance (EAS) market. Major retail brands
across the region include The Kroger Co., Costco,
Best Buy, Carvana, The Home Depot, Target, eBay,
and Walmart. Many expansion strategies, including
the opening of several new retail stores across
the region, have been adopted by the
abovementioned brands. For example, in 2022,
Target opened 23 new stores across different
locations, such as New York, Texas, Pittsburgh,
and South Carolina. Thus, the increase in the
number of retail stores is further increasing the
demand for electronic article surveillance
solutions across the region. In addition, the
increasing number of shoplifting cases across
North America is driving the demand for
electronic article surveillance. According to the
Retail Council of Canada, the retail sector in
the country experienced theft of US 200 million
a year before the onset of the COVID-19 pandemic.
Furthermore, the rising cost of living is one of
the factors catalyzing the increasing number of
shoplifting cases across the country. These
factors are propelling the demand for advanced
security solutions across retail stores, thereby
contributing to the electronic article
surveillance market growth. In addition, several
stringent government regulations and
certifications, such as UCODE 9 IC, are launched
to standardize security products across retail
checkpoints and exit points, which is further
influencing the North America electronic article
surveillance market players to develop enhanced
products.
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• MARKET SEGMENTATION

• Global Electronic Article Surveillance Market
  By Component
• Electronic Tag,
• Electronic Antenna,
• Deactivator/Detacher,
• Others
• Global Electronic Article Surveillance Market
  By Product Type
• Radio Frequency Systems,
• Acousto-Magnetic Systems,
• Electromagnetic Systems,
• Microwave Systems
• Global Electronic Article Surveillance Market
  By Application
• Apparel Fashion Accessories,
• Cosmetic Pharmaceuticals,
• Supermarkets Grocery Stores

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• REGIONAL INSIGHTS

The electronic article surveillance market growth
in Asia Pacific is attributed to the presence of
a large number of supermarkets operating in the
region. According to Bscholarly LLC, in January
2023, out of the 46,000 outlets in total, the
7-Eleven supermarket had more than 21,800 outlets
in APAC alone. Further, according to Red Hat,
Inc., there is a rising adoption of technologies
across APAC, which is transforming the region
digitally and making it modern by simplifying
business processes. This digitization is
contributing to the modernization of the regions
retail industry. Many companies are introducing
solutions to increase security and improve
inventory management. For instance, Infotek
Software Systems (P) Limited, an Indian RFID
Solutions provider company, provides RFID
item-level identification and tagging solution.
In addition, ATSS, an EAS system provider,
provides anti-theft tags labels and detachers
to manage the inventory efficiently and reduce
retail traffic. Thus, innovative solutions from
key players in Asia Pacific are driving the
market. The Europe electronic article
surveillance market is growing at a large scale
due to the presence of a large number of
supermarkets across Europe during the forecast
period. According to Bscholarly LLC, in January
2023, Aldi Supermarket was the worlds
fourth-largest supermarket chain. It has more
than 10,366 stores worldwide, with most of its
stores in Germany, Belgium, Poland, Hungary, the
UK, and Greece. Moreover, in February 2023, Agon
Systems, an EAS solution provider, introduced
AdvanPay-500 plus Concept Tag by partnering with
Keonn, a supplier of advanced RFID systems. This
tag solution is introduced to reduce loss
prevention. Thus, the rising partnership between
market players to launch new EAS solutions is
propelling the demand for electronic article
surveillance in the retail industry.
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• REGIONAL INSIGHTS

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• Key findings of the study

• The global retail industry witnessed growth owing
  to the rise in the standard of living of people.
  Major companies operating in the global
  electronic article surveillance market include
  Agon Systems, Amersec, Feltron Security Systems
  LLC, Johnson Controls, and Tekno Electro
  Solutions Pvt Ltd. These companies have been
  engaged in new product development over the
  years. A list of such developments is mentioned
  below
• In July 2022, Checkpoint Systems announced the
  launch of its new NS40 EAS antenna. The solution
  is easily integrated with retail solutions to
  control shoplifting incidents across retail
  stores.
• In April 2021, Prosegur Security announced the
  launch of its new DoubleLock EAS tag with two
  separate use cases, reducing the tag defeat by
  4060.
• In March 2021, Prosegur Security announced the
  launch of its D-Arm Series EAS tags. The tags are
  integrated with a self-alarm, which is activated
  if removed with a magnet. The solution is
  designed to reduce retail loss due to shoplifting
  incidents.
• Thus, the rising development of new electronic
  article surveillance systems such as electronic
  tags, antennae, and deactivators is driving the
  global electronic article surveillance market
  forecast.

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• REPORT HIGHLIGHTS

• Our report on Accounting Software Market cover
  following key parameters
• Comprehensive market analysis at global, regional
  and country level
• Detailed PEST (Political, Economic, Social and
  Technological) factors impacting the market
  across key geographic regions such as North
  America, Europe, Asia Pacific, Middle East
  Africa, and South America
• Market dynamics (drivers, restraints,
  opportunities, and future trends) and impact
  analysis of drivers and restraints at short-term,
  mid-term and long-term
• Market size and forecasts in terms of revenue
  2018 (historic), 2019 (base year), 2019 27
  (forecast period)
• In-depth market segmentation and deep dive
  regional and country level analysis of 18
  countries across 5 key regions
• Key company profiles and industry landscape to
  provide latest market initiatives and competitive
  landscape
• Impact of COVID19 pandemic on ecosystem and the
  market

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• REPORT HIGHLIGHTS

The Insight Partner's dedicated research and
analysis team consist of experienced
professionals with advanced statistical expertise
and offer various customization options in the
existing study.
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