About EAS Systems
EAS (Electronic article surveillance) is a technological method for preventing shoplifting in stores or theft of valuable properties from retail stores, pilferage of books from libraries or removal of properties from office buildings. Electronic article surveillance helps store owners to protect their assets and to reduce shrinkage. EAS solutions are applied in different markets such as apparel & footwear , food & beverages, health & beauty, etc all over the world, using a variety of technologies.EAS Systems market as high growth in the future due to growth in the retail industry and rising construction of shopping malls and complexes in developing countries.
Attributes | Details |
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Study Period | 2018-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
The EAS systems market is expected to continue its growth trajectory, driven by increasing demand for retail security, technological advancements, and diversification into new sectors. With innovation and strategic adaptability, players can navigate the competitive landscape and secure their place in this evolving market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global EAS Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Checkpoint Systems ( United States), Tyco Retail Solutions (Switzerland), Nedap (Netherlands), Universal Surveillance Systems (United States), Gunnebo Gateway (Sweden), Sentech (South Korea), Hangzhou Century Co., Ltd.(China), WG Security Products Inc. (United States) and Sentry Technology Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ALL-TAG Corporation (United States), Amersec (Czechia) and Ketec, Inc.(United States).
Segmentation Overview
AMA Research has segmented the market of Global EAS Systems market by Type (Magneto-Harmonic, Acousto-Magnetic, Radio Frequency and Microwave), Application (Clothing &Fashion Accessories, Cosmetics/Pharmacy, Supermarkets & Large Grocery and Others) and Region.
On the basis of geography, the market of EAS Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Retail Stores will boost the EAS Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Acoustomagnetic (AM) will boost the EAS Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Electronic Antenna will boost the EAS Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in EAS System
Market Growth Drivers:
Rising Number of Theft Incidents of Merchandise at Retail Stores and Increasing Walking Shop Complex in Developing Countries
Challenges:
Availability of Alternative Solutions
Restraints:
High Implementation Cost of EAS System
Opportunities:
Integration of RFID with the EAS System, Growth in Retail Sector in Emerging Economy and Rising Construction of Shopping Malls and Complexes in Developing Countries
Market Leaders and their expansionary development strategies
In October 2023, Nedap collaborates with retail technology startups to integrate their innovative solutions with EAS systems, fostering ecosystem expansion and innovation.
In November 2023, Sensormatic and Nedap announce a collaboration to develop next-generation EAS solutions utilizing RFID and IoT technologies for comprehensive inventory management and loss prevention.
Key Target Audience
EAS Systems Manufacturers, Raw Material Suppliers, Potential Investors, Retail Industry and Research and Development Organization
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.