According to a new report by Expert Market Research titled, “Global Electronic Article Surveillance Market Share, Size, Report and Forecast 2024-2032″, the global electronic article surveillance market size is projected to grow at a CAGR of 4.5% between 2024 and 2032. Aided by the expanding retail sector and advancements in security technology, the market is expected to grow significantly by 2032.
Electronic Article Surveillance (EAS) is a technological method used to prevent shoplifting from retail stores or pilferage of books from libraries. EAS involves the use of electronic security gates and surveillance tags or labels that are attached to merchandise. When an item with an active tag passes through the EAS gates, it triggers an alarm, alerting staff of potential theft. EAS systems are crucial in reducing retail losses, enhancing store security, and improving customer shopping experience.
The escalating demand for efficient security systems in the retail sector is a primary driver of the electronic article surveillance market growth. With the retail industry witnessing considerable growth, especially in emerging economies, there is an increased need for effective anti-theft measures. This has led to the widespread adoption of EAS systems in supermarkets, apparel stores, and other retail outlets. Moreover, the upsurge in organised retail crime has further necessitated the deployment of advanced security solutions like EAS.
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Advancements in technology are significantly influencing the electronic article surveillance market outlook. Modern EAS systems are becoming more sophisticated, incorporating features such as real-time monitoring, remote access, and integration with other security systems. This has enhanced the effectiveness of EAS in deterring theft and has made these systems an indispensable part of retail security strategies.
The diverse applications of EAS systems also contribute to the market’s growth. Besides retail, EAS systems find usage in libraries to prevent book theft, in healthcare to secure medical equipment and pharmaceuticals, and in the entertainment industry to protect DVDs, CDs, and gaming software. These varied applications underscore the versatility and effectiveness of EAS systems in various sectors.
According to the electronic article surveillance market analysis, the advent of source tagging, where EAS tags are integrated into products during the manufacturing or packaging process, has streamlined the security process and reduced labour costs. Source tagging is gaining popularity among manufacturers and retailers for its efficiency and cost-effectiveness, thereby propelling the EAS market forward.
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Market Segmentation
The market can be divided based on component, type, end use, and region.
Market Breakup by Component
• Tags
• Antennas
• Deactivators/Detachers
Market Breakup by Type
• Acoustomagnetic
• Electromagnetic
• Radio Frequency
• Microwave
Market Breakup by End Use
• Apparel and Fashion Accessories Stores
• Supermarkets and Mass Merchandise Stores
• Drug and Health Product Stores
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global electronic article surveillance market. Some of the major players explored in the report by Expert Market Research are as follows:
• Johnson Controls
• ALL-TAG Corporation
• Ketec, Inc.
• WG Global GmbH
• Safegear
• Checkpoint Systems, Inc.
• Agon Systems Ltd.
• Others
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