What is Global Electronic Article Surveillance (EAS) System Market?
The Global Electronic Article Surveillance (EAS) System Market is a vast and dynamic field that encompasses a wide range of technologies and applications. At its core, it involves the use of electronic systems to prevent theft and loss of articles in retail stores and other commercial establishments. These systems work by attaching electronic tags to the articles, which trigger an alarm if they are removed from the premises without being deactivated or detached. The global market for EAS systems is substantial and continues to grow, driven by the increasing need for effective loss prevention solutions in the retail sector.
Hard Tag, Soft Tag, Deactivator Or Detacher, Detection System, Permanent Deactivation Tag in the Global Electronic Article Surveillance (EAS) System Market:
In the Global Electronic Article Surveillance (EAS) System Market, there are several key components that play a crucial role. These include Hard Tag, Soft Tag, Deactivator Or Detacher, Detection System, and Permanent Deactivation Tag. Hard Tags are durable, reusable electronic tags that are typically attached to high-value items. Soft Tags, on the other hand, are disposable, adhesive-backed tags that are often used for items that are difficult to tag with hard tags. Deactivators or Detachers are devices used to deactivate or detach the tags at the point of sale. Detection Systems are installed at the exits of the store and trigger an alarm if an active tag passes through them. Lastly, Permanent Deactivation Tags are designed to be deactivated permanently at the point of sale, preventing them from being reactivated. Each of these components plays a vital role in the overall functioning of an EAS system.
Clothing and Fashion Accessories, Cosmetics or Pharmacy, Supermarkets and Large Grocery, Others in the Global Electronic Article Surveillance (EAS) System Market:
The Global Electronic Article Surveillance (EAS) System Market finds extensive usage in various sectors such as Clothing and Fashion Accessories, Cosmetics or Pharmacy, Supermarkets and Large Grocery, among others. In the Clothing and Fashion Accessories sector, EAS systems are used to secure a wide range of items, from high-end designer wear to everyday clothing items. In the Cosmetics or Pharmacy sector, these systems help prevent theft of small, easily concealable items. Supermarkets and Large Grocery stores use EAS systems to protect a wide variety of products, from food items to household goods. Other sectors where EAS systems are used include libraries, where they help prevent book theft, and in the electronics sector, where they protect against the theft of expensive gadgets and devices.
Global Electronic Article Surveillance (EAS) System Market Outlook:
The global Electronic Article Surveillance (EAS) System market, which was valued at US$ 1583.5 million in 2022, is expected to reach a value of US$ 1957.9 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period of 2023-2029. The market is dominated by the top three manufacturers, who collectively hold a market share of over 45%. In terms of product types, Soft Tag is the largest segment, accounting for over 85% of the market. This data provides a snapshot of the current state of the global EAS system market, highlighting its size, growth potential, and the dominance of key players and product types.
| Report Metric | Details |
| Report Name | Electronic Article Surveillance (EAS) System Market |
| Accounted market size in 2023 | US$ 1583.5 million |
| Forecasted market size in 2029 | US$ 1957.9 million |
| CAGR | 3.6 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Checkpoint Systems, Tyco Retail Solutions, Nedap, Hangzhou Century Co., Ltd, Gunnebo Gateway, WGSPI, Ketec, All Tag, Universal Surveillance Systems |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
