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Electronic Article Surveillance System (EAS) Market 2019 Analysis by Industry Share, Revenue, Growth, Global Foresight, Key Growth Drivers, Challenges, Demand and Upcoming Trends

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Electronic Article Surveillance System (EAS) Market 2019 Analysis by Industry Share, Revenue, Growth, Global Foresight, Key Growth Drivers, Challenges, Demand and Upcoming Trends

September 05
14:09 2019
Electronic Article Surveillance System (EAS) Market 2019 Analysis by Industry Share, Revenue, Growth, Global Foresight, Key Growth Drivers, Challenges, Demand and Upcoming Trends

Electronic Article Surveillance System (EAS) Market
The report on the Global Electronic Article Surveillance System (EAS) Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.

Overview

Due to increasing shoplifting cases in supermarkets, the retail industry has suffered a huge loss in terms of both products as well as revenue. Therefore, the market for electronic article surveillance system is growing due to demand from the retail industry in order to curb the shop-lifting by connecting products with electronic tags that can help identify person stealing a tagged product. Market Research Future (MRFR) has published a research report about the global electronic article surveillance system market that estimates growth for this market at 3% CAGR (Compound Annual Growth Rate) during the forecast period between 2016 and 2022. By value, the market has been figured to be worth the US $ 2.02 bn by the end of the forecast period.

The vital factor helping the electronic article surveillance system market to proceed towards growth is the growing demand for electronic article surveillance system by the retail industry. Other factors contributing to the market growth include technological advancement, growing incidents of shoplifting, and growing security concern at supermarkets. However, the increased competition among the manufacturers and constantly evolving technologies can hamper market growth. 

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Segments

The global electronic article surveillance system market has been segmented on the basis of application, type, and lastly, region. The application-based segmentation segments this market into clothing & fashion accessories, cosmetics/pharmacy, supermarkets & large grocery and others. During the forecast period, supermarket & large grocery segment is expected to grow at 4.38 % CAGR. By type, the market has been segmented into the hard tag, soft tag, deactivator or detacher, and detection system. During the forecast period, Soft tag segment is growing at approximately 4.43% CAGR.

The regional segmentation of the global electronic article surveillance system market has segmented the market into the regional markets known as China, Europe, Japan, Korea, Taiwan, USA, and rest of the world (RoW). During the forecast period, China is expected to be the leading regional market, and it is expected to grow at 4.45% CAGR due to the presence of a large number of companies in China.

Europe is the second largest regional market, and by the end of the forecast period, it is expected to be worth the US $ 423.2 mn. Due to the early adoption of technology, the USA is expected to register slow growth during the forecast period. By the end of the forecast period, as a regional market, the USA is expected to grow at 3.72% CAGR. During the forecast period, Korea is expected to grow at 3.19% CAGR whereas Taiwan is expected to grow at 2.60% CAGR. Both of these countries have decent technological advancement. Japan is a technologically advanced country. During the forecast period, the market can be expected to be stable in this country.

Key Players

The key players in the global electronic article surveillance system market include All-Tag Corporation (USA), Checkpoint Systems (USA), Gunnebo Gateway (Sweden), Hangzhou Century Co. Ltd. (China), Ketec (USA), Nedap (The Netherlands), Sentry Technology (USA), Tyco International Ltd (Ireland), and Universal Surveillance System (USA).

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Latest Industry News

Fast-fashion retailer Ardene is leveraging connected devices and solutions from Sensormatic Solutions to support its loss prevention strategy in order to expand its business. 28 FEB 2019

Checkpoint Systems is expanding its relationship with Polish fashion retail group LPP, with the deployment of a large-scale Radio Frequency IDentification (RFID) program in order to improve the consumer experience, merchandise availability, and the operational efficiency. 14 JAN 2019

Checkpoint Systems new HALO platform is being introduced as the new Internet of Things (IoT) platform for retail. Like most Checkpoint products, HALO is also helpful for electronic article surveillance. 15 JAN 2019

LIST OF TABLES

TABLE 1 GLOBAL ELECTRONIC ARTICLE SURVEILLANCE (EAS) SYSTEM MARKET SALES, BY TYPE (K UNITS) 

TABLE 2 GLOBAL ELECTRONIC ARTICLE SURVEILLANCE (EAS) SYSTEM MARKET SHARE BY TYPE (%) 2012-2016

TABLE 3 GLOBAL ELECTRONIC ARTICLE SURVEILLANCE (EAS) SYSTEM SALES (VOLUME) BY APPLICATION (2012-2026) 

TABLE 4 GLOBAL ELECTRONIC ARTICLE SURVEILLANCE (EAS) SYSTEM MARKET SALES, BY TYPE (K UNITS) (2012-2016) 

TABLE 5 GLOBAL ELECTRONIC ARTICLE SURVEILLANCE (EAS) SYSTEM REVENUE BY TYPE (2012-2016) (USD MILLION) 

Continued…….

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LIST OF FIGURES

FIGURE 1 GLOBAL ELECTRONIC ARTICLE SURVEILLANCE (EAS) SYSTEM SALES VOLUME (2012-2022) 

FIGURE 2 HARD TAG SALES (K UNITS) (2012-2016) 

FIGURE 3 SOFT TAG SALES (K UNITS) (2012-2016) 

FIGURE 4 DEACTIVATOR OR DETACHER SALES (K UNITS) (2012-2016) 

FIGURE 5 DETECTION SYSTEM SALES (K UNITS) (2012-2016) 

Continued……

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
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Website: https://www.marketresearchfuture.com/reports/electronic-article-surveillance-system-market-5211