Market Highlights

Electronic article surveillance system is extensively used in the different segments of commercial sectors, government institutions, supermarkets and retail industries. Majorly the electronic surveillance system is used in supermarket and retail stores. Retail industries are currently suffering from increase in the number of shop-lifting cases which gradually increase their losses. Therefore, electronic article surveillance system aids to curb the shoplifting cases through hard, soft tags and detection system which are widely used in retail stores and supermarkets.

According to Market Research Future Analysis, electronic article surveillance market has been valued at approx. USD 1600 million in 2016 and is expected to grow with 3.61% of CAGR during forecast period 2016 to 2022.

Electronic article surveillance system Market is segmented by type and by application. Based on type, Electronic article surveillance system market is bifurcated into hard tag, soft tag, deactivator or detacher and detection system. On the basis of end-use, electronic article surveillance system has been differentiated into clothing and fashion accessories, cosmetics/pharmacy, supermarkets large grocery and others.

In addition, the high adoption of inventory management and to eliminate inefficient operations across different sectors, such as the retail sector can boost the expansion of the electronic article surveillance system in the near future. EAS can aid in making critical decision, interpret, analyze, and respond to real time operational data. They utilize detectors and controllers, labels hard tags, and deactivators detachers. Plus, EAS system is constantly experiencing technological upgradation. Moreover, manufacturers are committed to the upgradation of technologies to deploy the EAS system. These factors are expected to spur the expansion of the electronic article surveillance system market analysis.

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Market Segmentation

The world electronic article surveillance (EAS) system market segment study is based on type and application.

The type based segments of the electronic article surveillance (EAS) system market are soft tag, hard tag, detection system, and deactivator or detacher.

The application-based segments of the electronic article surveillance (EAS) system market are cosmetic or pharmacy, clothing and fashion accessory, large grocery, supermarket, automotive, and industrial.

Regional Analysis

North America EAS market can dominate the world market. The rise in security concerns, especially in retail stores can prompt the expansion of the market. The need for effective management and control of crowd in a retail store is one of the essential event that is taken care by the security in the US. The sole purpose behind the high adoption of EAS is to eliminate threatening situations, such as misuse or stealing product.

In Asia Pacific, the expansion of the electronic article surveillance system can be credited to the rise in the adoption in forecast period. The government of China is rooting the seed of economic deep. As the economic base of China strengthens, the largest consumer and manufacturer of electronic devices in APAC is expected to head the regional market. Economic fluctuations in certain regions of APAC can cause disturbance in the market. In Europe, potential research and developmental undertakings are expected to prompt the market rise in the years to come.

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Key Players

Market Research Future (MRFR) identifies the following companies as the key players in the electronic article surveillance market – are Checkpoint Systems(U.S.), Tyco International Ltd (Ireland), Nedap (The Netherlands), Hangzhou Century Co., Ltd, (China), Gunnebo Gateway (Sweden), Sentry Technology (U.S.), Ketec (U.S.), All-Tag Corporation (U.S), Universal Surveillance System (U.S)

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

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