Global Electronic Article Surveillance Market: Navigating the Dynamics of Asset Protection

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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.

Electronic Article Surveillance Market Report Overview

The Electronic Article Surveillance Market research report provides an in-depth analysis that is required to make informed industry decisions and develop strategic growth plans. Regardless of the production method or cost structures, the Electronic Article Surveillance market report provides a full understanding of advanced tactics and plans. The report provides a detailed analysis of the dynamics influencing the market with key players in the Electronic Article Surveillance industry.

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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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Electronic Article Surveillance Market Report Scope and Research Methodology

The Electronic Article Surveillance Market Research Reports offer both qualitative and quantitative insights that delve into the essential factors driving, limiting, offering opportunities, and posing challenges within the global Electronic Article Surveillance market. This report thoroughly covers aspects like import/export consumption, supply and demand dynamics, pricing, revenue generation, market share, market penetration, sales volume, and gross margins. In the Electronic Article Surveillance market context, the report extensively examines each industry's manufacturing sites, capacity, production, market prices, sales revenue, and market shares.

The determination of the Electronic Article Surveillance market size employed a bottom-up approach. To compile the data for the Electronic Article Surveillance market report, a combination of Primary and Secondary research methods was employed. The report also features a SWOT analysis and employs Porter's five forces analysis to offer a comprehensive view.

Electronic Article Surveillance Market Regional Analysis

The Electronic Article Surveillance market report consists of an analysis of all the regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The market's primary geographic condition, as well as segments and sub-segments, are examined in the Electronic Article Surveillance Industry Research. The current state of the regional market is provided in the report in terms of market size, share, and volume. 

Key Questions answered in the Electronic Article Surveillance Market Report are:

What is Electronic Article Surveillance?
What will be the CAGR of the Electronic Article Surveillance market during the forecast period?
Which region held the largest Electronic Article Surveillance market share ?
What are the opportunities for the Electronic Article Surveillance Market?
What factors are affecting the Electronic Article Surveillance market growth?
Which company held the largest share in the Electronic Article Surveillance market?
What key trends are likely to emerge in the Electronic Article Surveillance market in the coming years?

Key offerings:

  • Market Share, Size, and Forecast by Revenue
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation- A detailed analysis of each segment and their segments
  • Competitive Landscape - Leading key players and other prominent key players.

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