Electronic Article Surveillance Market: Current Analysis and Forecast (2022-2028)

The global electronic article surveillance market is expected to grow at a significant rate of around 4% during the forecast period. Electronic article surveillance is an anti-shoplifting system used by retail businesses where an electronically detectable tag is attached to the item of clothing or merchandise. Furthermore, the rising number of retail stores and efforts to minimize the security cost in the stores are the important reasons for the market growth of the EAS systems. Furthermore, the continuously increasing shoplifting incidences are also the catalyzing factor for the market growth of the EAS systems.

Checkpoint Systems, Johnson Controls, Agon Systems, ALL-TAG Corporation, Amersec, TAG Company, Ketec, WG Security Products, Softdel, and Shenzhen Emeno Technology are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst Component, tags category to witness higher CAGR during the forecast period"

Based on the component, the market has been categorized into tags, antennas & detachers, and others. The tags category is expected to witness a higher CAGR during the forecast period. An EAS tag is a hard plastic tag, label, or sticker that uses electronic article surveillance, or EAS, technology to alert store associates when an item has been stolen. Moreover, the tags reduce labor costs and increase the efficiency of the security system along with increasing sales the clothes and apparel.

"Amongst Technology, radio frequency to hold a significant share in the market in 2020"

Based on the technology, the market has been categorized into a video wall, acousto-magnetic, electromagnetic, radio frequency, and microwave. Among them, the radio frequency segment is expected to have significant growth in the market during the forecast period. The RF has been considered more affordable to install and is often most popular with retailers who use adhesive security labels over security hard tags. The RF electronic article surveillance comprises hard tags or soft labels, and normally one or more pedestal antennas or recently RF in floor antennas.

"Asia Pacific to hold a significant share in the market"

For a better understanding of the market adoption of the electronic article surveillance industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of APAC), and Rest of World. In 2020, Asia Pacific held a significant share of the global electronic article surveillance market. This is mainly attributed to the presence of emerging economies along with the rapidly rising disposable income of people in the region. Furthermore, the growing number of shopping malls and complexes in the region is also responsible for the market growth of EAS systems in the region.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

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