Global Electronic Article Surveillance Market by Covid-19 Impact, Competitive Landscape And Industry Outlook 2029
Electronic Article Surveillance Market Overview
In-depth industry analysis is provided by the "Electronic Article Surveillance Market" study, which is necessary to formulate strategic growth plans and make educated decisions. The Electronic Article Surveillance market study offers a thorough grasp of sophisticated strategies and plans regardless of the production method or cost structures.
Estimated Market Growth:
Electronic Article Surveillance Market was worth US$ 1.19 Bn. in 2022 and total revenue is expected to grow at a rate of 3.6 % CAGR from 2023 to 2029, reaching almost US$ 1.53 Bn. in 2029.
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Electronic Article Surveillance Market Report Scope and Research Methodology
The report offers an extensive examination of top players' strategies within the Electronic Article Surveillance industry, coupled with an in-depth analysis of market segments and regional dynamics. In-depth insights into market dynamics, encompassing drivers, restraints, opportunities, and challenges, are provided both on a regional and segmental basis within the Electronic Article Surveillance Market report. Additionally, the report presents import/export consumption, supply and demand, pricing, costs, revenue, and gross margins data, serving as an invaluable guide for investors.
The data for the Electronic Article Surveillance Market report was meticulously gathered through a combination of primary and secondary research methods, ensuring its authenticity. Primary research methods employed encompassed questionnaire distribution, surveys, and phone interviews with Electronic Article Surveillance industry experts, market leaders, marketing professionals, and entrepreneurs. The report's estimations of global and regional Electronic Article Surveillance market size were derived using a bottom-up approach. Furthermore, the strengths and weaknesses of Electronic Article Surveillance key players within the industry are outlined using SWOT analysis.
Electronic Article Surveillance Market Regional Insights
The report delves into the Electronic Article Surveillance business in great depth, segmenting it into numerous locations. North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East are evaluated by region and country in the study. In the Electronic Article Surveillance market report, regional markets are thoroughly investigated in order to uncover regional market trends, restrictions, and possible prospects.
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Electronic Article Surveillance Market Segmentation
by Component
Tags
Antennas
Detachers
The market is divided into Tags, Antennas, and Detachers based on Component. Tags are expected to dominate the market share because they provide greater protection for objects, which reduces theft and shoplifting. Stores selling apparel and accessories make up the majority of tag demand.
Items are better protected with tags, which lowers theft and stealing. An alarm is set off when tags in an active condition pass across an EAS detection zone at a store's entrance or departure. Hard and soft tags are the two types available on the market. Most tags and labels function similarly when it comes to being detected by the security antennas that are located at the entrances. Retailers of clothing and fashion accessories account for the majority of tag demand, and as the number of retail locations increases along with the number of customers, driving the growth of the electronic article surveillance tag market.
by Type
Magneto-harmonic
Acousto-magnetic
Radiofrequency
Microwave
The market is divided into Magneto-harmonic, Acousto-magnetic, Radiofrequency, and Microwave segments based on type. RF technology now dominates the market, and it is anticipated that this trend will hold true for the duration of the forecast. The rise of RF technology is being driven by the growing use of RF technology-based components in end-users such mass merchandise stores, pharmacies, and stores selling health and beauty products, as well as supermarkets and garment and accessory stores. Critical features that contribute to the market's supremacy include RF technology's ultra-long detection range, ease of installation and operation, low false alarm rate, strong anti-interference ability, high stability, and durability.
by Application
Clothing and fashion accessories
Cosmetics
Supermarkets and mass merchandise
Others
The market is divided into categories based on application, including mass merchandise, supermarkets, cosmetics, apparel, and fashion accessories. To improve the shopping experience, mass merchandisers and supermarkets have been converting to smart stores in recent years. In order to stay up with the rapid changes in consumer behavior and the emergence of new trends, a lot of store operators are implementing new technologies in both their supply chains and their physical storefronts. These technologies enable them to test new delivery strategies, create private labels, and collaborate with top internet connectivity providers to increase their market share. It is anticipated that the mass merchandise and supermarket industries would continue to do better in the upcoming years.
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
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Key Offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments and sub-segments
- Regional Insights
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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