The Retail Electronic Article Surveillance market is anticipated to increase at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2028, from US$ 1,116.07 million in 2022 to US$ 1,484.00 million. The projected growth rate of the total revenue from 2023 to 2029 is 3.6% CAGR, which would bring it close to US$ 1.53 billion.
The retail electronic article surveillance (EAS) market includes the worldwide industry that supplies stores with EAS equipment and associated security solutions. Since theft and shoplifting may cause large financial losses for organisations, this sector has developed to meet the growing need for retail security. Diverse businesses, such as suppliers, service providers, technology developers, and producers of EAS equipment, make up the market.
The following are the main components of a typical EAS system:
- Security Tags or Labels: These are connected to store merchandise. Security tags and labels come in a variety of styles, including hard tags, soft tags, and sticky labels. Electronic components such as radio frequency (RF) or electromagnetic (EM) elements are used in these tags and labels.
- Detection System: The detecting system is made up of antennae or sensors that are installed near the store’s exits. These antennas emit a signal, which interacts with the security tags or labels, which is commonly radio frequency or electromagnetic waves.
- Alarm System: The technology sounds an alarm to notify store employees of a possible theft when a security tag or label goes through the detection system without being disabled or taken off by staff.
Major Companies Included in the Report are-
- CheckPoint Systems Inc
- Johnson Controls
- Tekno Electro Solutions
- Agon Systems
- ALL-TAG Corp.
- Sentry Technology Corp.
- Tyco Retail Solutions
- Cross Point
- Stanley Security
- Shopguard Systems
Market Segmentation:
Retail Electronic Article SurveillanceMarket, By Type:
- Electronic Tags
- Antennae
- Detachers
- Detection System
- Permanent Deactivation System
Retail Electronic Article SurveillanceMarket, By Application:
- Supermarket
- Convenience Store
- Other
Market Growth
Several factors drive the growth of the EAS market, including the increase of the retail industry, the demand for loss prevention, and rising awareness of the necessity of security. As e-commerce and omnichannel shopping expand, there is a greater demand for EAS solutions that can adapt to shifting retail dynamics.
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