According to TechSci Research report, “Electronic Article Surveillance System Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, Global Electronic Article Surveillance System Market has valued at USD 1.4 Billion in 2024 and is expected to reach USD 1.78 Billion in 2030 and project robust growth in the forecast period with a CAGR of 3.9% through 2030.
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The Global Electronic Article Surveillance System Market is experiencing robust growth due to ongoing technological advancements in EAS systems. Traditional EAS systems were primarily based on acousto-magnetic (AM) or electromagnetic (EM) technology. However, contemporary EAS solutions have evolved to incorporate RFID (Radio-Frequency Identification) technology, which offers enhanced performance and a broader range of capabilities. RFID-based EAS systems not only secure merchandise but also enable retailers to track items in real-time, monitor inventory, and gather valuable data for analytics. The integration of digital surveillance and cloud-based solutions further enhances the functionality of EAS systems, providing retailers with a comprehensive security and management tool. As technology continues to advance, EAS systems are becoming more sophisticated and adaptable, offering retailers greater flexibility and control in securing their assets and enhancing their operations.
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The Asia Pacific region is experiencing rapid growth in the Global Electronic Article Surveillance (EAS) System Market due to several key factors driving its expansion. One significant driver is the booming retail sector in Asia Pacific, fueled by rapid urbanization, rising disposable incomes, and shifting consumer preferences towards organized retail formats. As the retail landscape in Asia Pacific continues to evolve and expand, retailers are increasingly investing in advanced security solutions such as EAS systems to protect their merchandise and assets from theft and shrinkage. Additionally, the growing adoption of omnichannel retailing and the proliferation of e-commerce platforms in Asia Pacific drive the demand for integrated security solutions that provide real-time visibility and protection across both physical and digital retail channels. EAS systems play a crucial role in enhancing store security, improving inventory accuracy, and minimizing revenue losses, making them indispensable tools for retailers looking to safeguard their businesses and enhance the overall shopping experience. The Asia Pacific region benefits from a favorable regulatory environment, supportive government initiatives, and increasing awareness among retailers about the importance of retail theft prevention and inventory management. Governments across Asia Pacific are implementing stringent regulations and standards aimed at combating retail crime and protecting consumer interests, thereby driving the adoption of EAS systems among retailers. Additionally, the growing emphasis on customer-centric retailing and the rising demand for seamless and personalized shopping experiences in Asia Pacific incentivize retailers to invest in advanced security solutions that not only deter theft but also enhance the overall shopping experience for customers. Furthermore, the Asia Pacific region is home to a diverse and dynamic retail landscape, encompassing a wide range of industries, formats, and business models, including department stores, supermarkets, specialty retailers, and e-commerce platforms. This diversity creates ample opportunities for EAS system manufacturers to cater to the unique security requirements and operational needs of different retail segments and verticals in the region. Amidst the promising growth prospects, the Asia Pacific EAS System Market also faces challenges, including price sensitivity, competition, and infrastructure constraints. As retailers in Asia Pacific seek cost-effective solutions that deliver value and return on investment, EAS system manufacturers must balance affordability with performance and features to remain competitive in the market. Moreover, the fragmented nature of the retail industry in Asia Pacific, coupled with varying levels of technological adoption and infrastructure maturity across different countries and regions, poses challenges for standardization, interoperability, and system integration. Addressing these challenges will require EAS system manufacturers to collaborate closely with retailers, industry stakeholders, and regulatory bodies to develop tailored solutions that meet the unique needs and requirements of the Asia Pacific market. By leveraging emerging technologies, strategic partnerships, and market insights, EAS system manufacturers can capitalize on the growing demand for retail security solutions in Asia Pacific and drive continued growth and innovation in the global market.
In 2024, Based on Component, The Tags segment held a dominant position in the Global Electronic Article Surveillance (EAS) System Market, and this trend is expected to persist throughout the forecast period. Tags play a pivotal role in EAS systems, as they are the primary components used to secure merchandise and trigger alarms when they pass through the EAS system’s detection zone. These electronic tags are attached to products and, in some cases, integrated into product packaging. The dominance of the “Tags” segment can be attributed to several factors. Firstly, the continuous advancements in tag technology, such as the incorporation of RFID (Radio-Frequency Identification) and tamper-resistant features, have made tags more effective and versatile in combating theft and optimizing inventory management. Secondly, as retailers across various industries prioritize loss prevention and inventory control, the demand for a wide range of tags that can accommodate different types of products and store layouts remains high. Moreover, the increasing adoption of RFID-based EAS solutions, which rely heavily on tags, has contributed to the prominence of this segment. As EAS technology continues to evolve, tags will remain at the forefront of this market, driving its growth and effectiveness in addressing the ever-evolving challenges of retail theft and inventory management.
Major companies operating in Global Electronic Article Surveillance System Market are:
Checkpoint Systems, Inc.
Nedap N.V.
Johnson Controls International Plc
Avery Dennison Corporation
All-Tag Corporation
Securitas Technology Corporation
Sentry Technology Corporation
WG Security Products, Inc
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“The global Electronic Article Surveillance (EAS) system market presents numerous growth opportunities driven by evolving retail security needs. Increasing concerns about theft and inventory shrinkage across sectors, especially retail, create significant demand for advanced EAS solutions. The growing adoption of integrated security systems, including RFID, enhances EAS effectiveness and offers opportunities for vendors to innovate and provide comprehensive solutions. Additionally, the rising trend of smart stores and omnichannel retailing opens new avenues for EAS systems, offering better integration with IoT and real-time tracking technologies. As consumers prioritize seamless shopping experiences, retailers seek advanced EAS systems that not only prevent theft but also enhance operational efficiency. The expansion of EAS systems in emerging markets, coupled with rising retail automation and awareness of asset protection, further creates long-term opportunities for growth in this sector,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“Electronic Article Surveillance System Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Magneto-Harmonic, Acousto-Magnetic, Radiofrequency, Microwave), By Application (Clothing and Fashion Accessories, Cosmetics, Supermarkets and Mass Merchandise, Others), By Component (Tags, Antennas, Detachers), By Region, By Competition 2020-2030F”, has evaluated the future growth potential of Global Electronic Article Surveillance System Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Electronic Article Surveillance System Market.
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