Electronic Article Surveillance Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Component (Tags, Antennas & Detachers, and Others); Technology (Video Wall, Acousto-Magnetic, Electromagnetic, Radio Frequency, and Microwave);By End-user (Apparel & Fashion Accessories Stores, Supermarkets & Mass Merchandise Stores, Drug & Health Product Stores, And Others); Region (North America, Europe, Asia-Pacific, Rest of the World); and Region/Country
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.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- 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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|2.1.||Research Process of the Electronic Article Surveillance Market|
|2.2.||Research Methodology of the Electronic Article Surveillance Market|
|5||IMPACT OF COVID-19 ON THE ELECTRONIC ARTICLE SURVEILLANCE MARKET|
|6||ELECTRONIC ARTICLE SURVEILLANCE MARKET REVENUE (USD BN), 2020-2028F|
|7.2.||Antennas & Detachers|
|9.1.||Apparel & fashion accessories stores|
|9.2.||Supermarkets & mass merchandise stores|
|9.3.||Drug & health product stores|
|10.1.3.||Rest of North America|
|10.2.6.||Rest of Europe|
|10.3.4.||Rest of Asia-Pacific|
|10.4.||Rest of World|
|12||ELECTRONIC ARTICLE SURVEILLANCE MARKET OPPORTUNITIES|
|13||ELECTRONIC ARTICLE SURVEILLANCE MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|16.1.1.||Porters Fiver Forces Analysis|
|17.8.||WG Security Products|
|17.10.||Shenzhen Emeno Technology.|
Research Methodology for the Electronic Article Surveillance Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global electronic article surveillance market were the three major steps undertaken to create and analyze the adoption of electronic article surveillance in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global electronic article surveillance market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the electronic article surveillance market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the electronic article surveillance market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as a component, technology, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the electronic article surveillance market. Further, we conducted factor analysis using dependent and independent variables such as component, technology, and end-user of electronic article surveillance. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the electronic article surveillance market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global electronic article surveillance market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the electronic article surveillance market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global electronic article surveillance market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global electronic article surveillance market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the component, technology, and end-user in the global electronic article surveillance market.
The main objective of the Global Electronic Article Surveillance Market Study
The current & future market trends of the global electronic article surveillance market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the electronic article surveillance market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of component, technology, and end-user.
- Define and analysis of the regulatory framework for the electronic article surveillance industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the electronic article surveillance market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the electronic article surveillance market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry