"Smart Strategies, Giving Speed to your Growth Trajectory"

Electronic Article Surveillance Market Size, Share & Industry Analysis By Component (Electronic Tags, Antennas, Detachers), By End-User (Clothing & Fashion Accessories Stores, Cosmetic & Pharmacy, Supermarket, Mass Merchandise Stores, Health Product Store, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI106466 | Status : Ongoing

 

KEY MARKET INSIGHTS

The increased necessity to avoid retail shrinkage due to rising cases of theft and shoplifting in order to give better shopping experiences to customers in a growing number of retail outlets is a key factor driving the growth of the electronic article surveillance market. The risk of theft has increased in recent years due to increasing technological innovation and ongoing growth in the retail sector, which force retailers to adopt EAS.


The growth of innovative technology-based retail automation solutions, such as electronic article surveillance to provide both retailers and consumers with versatile and easy access, is introducing a number of retailers that help grow the market in the upcoming years.

Additionally, the reasons for adopting EAS products, which are driving the market, are inventory loss prevention, shoplifting prevention, and theft prevention. For Instance, In 2020, According to National Retail Federation, the average loss from organized retail crime exceeds USD 700,000 per USD 1 billion in sales, making it a serious concern for retailers.

IMPACT OF COVID-19 ON THE ELECTRONIC ARTICLE SURVEILLANCE MARKET


COVID-19 has had major impacts on people and companies all around the world. Due to the closure of specific locations, staff layoffs, shifting suppliers, or eliminating salaries, this market faces significant issues. One of the areas that will be affected by budget and manpower reduction is security and surveillance. The electronic article surveillance industry has taken a significant downwards as a result of the temporary closure of retail companies, bookshops, supermarkets, and mass goods stores, which has resulted in a drop in demand. Additionally, supply chain disruptions are caused by temporary shutdowns in manufacturing facilities for components such as tags, antennae, and deactivators.

Furthermore, the continuous release of global lockdown is likely to create new market growth in the coming years.

KEY INSIGHTS


The report will cover the following insights-


  • Micro Macro Economic Indicators

  • Drivers, Restraints, Opportunities, and Trends

  • Impact of Covid-19

  • Business Strategies Adopted by Key Players

  • Consolidated SWOT Analysis of Key Players


ANALYSIS BY COMPONENT-


Electronic Tag to Boost the Market Growth.

 Electronic tags offer improved protection for items, reducing stealing and theft. When tags pass across an EAS detection zone at a store's entrance or exit in an active state, they trigger an alert. The number of retail outlets is rapidly increasing as a result of the growing number of consumers, which is fueling the expansion of electronic tags. Additionally, the rising partnerships, new product launches across the industry will likely boost the market growth.


  • For Instance, in July 2021, Prodegur Security launched the latest and expanded program for tags and EAS systems. This program providing retailers cost saving of up to 74%. This expanded program, led by industry veteran Gus Kratzer, integrates equipment from all major EAS manufacturers, not only Prosegur.


REGIONAL ANALYSIS-


To gain extensive insights into the market, Request for Customization


The Asia Pacific is expected to hold a major market share in the coming years due to the growing number of supermarkets and mass merchandise; retail stores in apparel and fashion accessories are likely to demand the Electronic Article Surveillance Market. Additionally, the region's rapid economic growth, increased consumerism, rising living standards, increasing disposable incomes, changing lifestyles, and mass merchandise outlets are likely to grow in number, increasing demand for EAS systems. For Instance,


  • In August 2020, Pomelo, a fashion brand, announced the development of retail shops in Southeast Asia, including countries such as Singapore and Malaysia, to improve the Omni channel consumer experience. The corporation plans to expand its reach in the region by opening 20 new locations initiatives by fashion retailers fuel demand for EAS solutions in the region.


KEY PLAYERS COVERED-


Key players in the electronic article surveillance market include CheckPoint System, Inc., Tyco International PLC, Nedap NV, Gunnebo AB, Sentry Technology Corporation, ALL-TAG Corporation, Ketec Inc., ADT Commercial, FE Moran Security Solution, Avery Dennison Corporation, Shopguard System, Shenzhen Ameno Technology, WG Security products, TAG Company, Amersec, Agon Systems, and others.

 SEGMENTATION






















 ATTRIBUTE

  DETAILS

By Component



  • Electronic Tags

  • Antennas

  • Detachers



By End-User



  • Clothing & Fashion Accessories Stores

  • Cosmetic & Pharmacy

  • Supermarket

  • Mass Merchandise Stores

  • Health Product Store

  • Others



By Geography



  • North America (the US, Canada, Mexico)

  • Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics,  and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)

  • Latin America (Brazil, Argentina, and Rest of Latin America)



KEY RECENT DEVELOPMENTS-



  • February 2021 – ADT Commercial announced its expansion into the electronic article surveillance market with the partnership of WG Security Product, Inc. ADT Commercial will install and service WG Security Products' complete EAS portfolio in the United States, which includes hard tags, specialized tags, detection systems, deactivation devices, disposable labels, and detachers.

  • September 2020 - Avery Dennison Corporation launched the AD-362r6-P inlay, a dual-technology inlay that integrates item-level tracking and digital ID capabilities of a RAIN RFID (UHF) tag. The secondary loss prevention feature of an EAS tag makes this technology suitable for a wide range of retail apparel applications and items.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Kpmg
Google
huawei
Samsung
Dell

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X