Electronic Article Surveillance System Market Size was valued at USD 1.1 Billion in 2022. The Electronic Article Surveillance System market industry is projected to grow from USD 1.13 Billion in 2023 to USD 1.48 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.40% during the forecast period (2023 - 2032). Retail industry growth, rising shoplifting and organized retail crime, loss prevention efforts, advancements in EAS technology, regulatory compliance, growing awareness, integration with retail analytics, online-to-offline (O2O) strategies, international expansion of retail chains, technological cost reduction, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Advancements in EAS Technology is driving the market growth
The market has advanced significantly as a result of improvements in Electronic Article Surveillance (EAS) technology, altering how retailers address security issues and run their companies. These technical advancements have increased EAS system performance while also creating new opportunities for interaction with other retail technology, improving both customer experiences and operational effectiveness.
Radio-Frequency Identification (RFID) technology is included into EAS technology. The acousto-magnetic or electromagnetic technologies used by conventional EAS systems required specialized pedestals or antennas near store entrances. In contrast, RFID-based EAS systems use tags attached to goods that have unique identification. Numerous advantages are provided by this development, including inventory control and real-time tracking. The ability for retailers to track product movement from warehouses to stores has improved stock visibility and decreased the risk of out-of-stock situations. Real-time product tracking makes it easier to spot theft trends and potential security holes.
Integration of EAS systems with retail analytics platforms is another important development. Information about consumer behavior, foot traffic patterns, and retail performance can be found in modern EAS solutions. Retailers can make data-driven decisions to optimize shop designs, product placements, and personnel levels by examining this data. Customers' buying experiences become more tailored as a result of the insights gained by EAS analytics, which boosts customer satisfaction and loyalty. Additionally, by identifying high-risk areas for theft and better allocating security resources, retailers can reduce shrinkage and increase overall profitability.
EAS technology advancements have prioritized both reducing theft and improving the whole purchasing experience. Customer counting features, which use sensors to count the number of persons entering and leaving the business, are now available on some EAS systems. Retailers can better plan marketing initiatives, manage store traffic, and staff stores during busy times thanks to this data. Retailers can draw and keep more consumers by offering a better customer experience, which results in higher sales and revenue. EAS technology has also advanced in terms of appearance and usage. The fact that traditional EAS antennas were frequently large and obtrusive may have discouraged some stores from implementing the system. Thus, driving the Electronic Article Surveillance System market revenue.
The Electronic Article Surveillance System Market segmentation, based on type, includes magneto-harmonic, acousto-magnetic, radiofrequency, and microwave. The radiofrequency technology dominated the market in 2022. The rise of RF technology is being driven by the expanding use of RF technology-based components in end-users such clothing and fashion accessory stores, supermarkets, mass merchandise stores, and pharmacy & health product stores.
The Electronic Article Surveillance System Market segmentation, based on application, includes clothing and fashion accessories, cosmetics, supermarkets and mass merchandise, and others. The supermarkets and mass merchandise category generated the most income in 2022. In order to offer customers a better shopping experience, supermarkets and big-box retailers are transitioning into smart stores.
The Electronic Article Surveillance System Market segmentation, based on components, includes tags, antennas, and detachers. The tags category generated the most income in 2022. The majority of tag demand is accounted for by retailers of clothing and accessories. There are two different types of tags available: hard and soft. The majority of tags and labels function similarly when it comes to being detected by the security antenna located at the doors. The majority of tag demand is generated by clothing and accessory retailers, and as the number of retail locations rises along with the number of customers, the market for tags used in electronic article monitoring is expected to develop.
Figure 1: Electronic Article Surveillance System Market, by Components, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Electronic Article Surveillance System Market dominated this market in 2022 (45.80). Due to the growing number of shopping centers and complexes in the area, this business is also expanding significantly. Further, the U.S. Electronic Article Surveillance System market held the largest market share, and the Canada Electronic Article Surveillance System market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Electronic Article Surveillance System Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Electronic Article Surveillance System market accounts for the second-largest market share. Similar to other places, Europe experienced issues with organized retail crime and stealing, which resulted in large financial losses for retailers. EAS systems proved to be a successful theft deterrent and helped lower shrinkage rates. Further, the German Electronic Article Surveillance System market held the largest market share, and the UK Electronic Article Surveillance System market was the fastest growing market in the European region
The Asia-Pacific Electronic Article Surveillance System Market is expected to grow at the fastest CAGR from 2023 to 2032. As the number of stores selling clothing and fashion accessories, supermarkets, and mass merchandisers increases, so is the demand for EAS systems. The number of supermarkets and mass merchandise outlets is anticipated to increase as a result of the region's strong economic expansion, improved living standards, rising disposable incomes, increased consumption, and changing lifestyles. Moreover, China’s Electronic Article Surveillance System market held the largest market share, and the Indian Electronic Article Surveillance System market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Electronic Article Surveillance System market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Electronic Article Surveillance System industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Electronic Article Surveillance System industry to benefit clients and increase the market sector. In recent years, the Electronic Article Surveillance System industry has offered some of the most significant advantages to medicine. Major players in the Electronic Article Surveillance System market, including Checkpoint Systems (US), Tyco International PLC (US), Nedap NV (Netherlands), Gunnebo Gateway AB (Sweden), Sentry Technology Corporation (US), Ketec Inc (US), ALL-TAG Corporation (US), Universal Surveillance Systems (US), FE Moran Security Solutions (US), Industrial Security Solutions Inc (US), SPIE AGIS Fire & Security (Hungary), STANLEY Security (US) and others, are attempting to increase market demand by investing in research and development operations.
Stanley Security is a manufacturer of IT-based security and surveillance systems based in Victoria, British Columbia. The company offers IP video and eVideo cloud systems as well as CCTV, video analysis and area surveillance systems, biometrics, access control systems, intrusion detection, and advanced security computer networks, helping customers to maintain safety protocols. Securitas Technology offers​a connected ecosystem of security, health and safety technology solutions that turn your security infrastructure into​a driver of business results​in Protect your people, property, assets, Connect and integrate your technologies for scale, efficiency, control, Optimize through insights to improve security, operations, and experience.​Stanley is headquartered in Sunlight Drive, Fishers, at United States.
Tyco International PLC Headquarters located at Swords, Dublin, Ireland and Operational Headquarters at -Princeton, New Jersey, United States. Founding in Year of 1960 (as Tyco Laboratories). The company was acquired by Johnson Controls International plc in 2016 and was later renamed "Johnson Controls plc." Tyco International PLC was a diversified company with a focus on various areas within the security, fire protection, and life safety industries. Tyco International PLC had a rich corporate history characterized by mergers, acquisitions, and restructuring. The company was originally founded in 1960 as Tyco Laboratories, and over the years, it grew through various strategic acquisitions in the security and fire protection sectors. Tyco was known for its global reach and vast portfolio of products and services, making it a leading player in the industry. In 2016, Tyco International PLC merged with Johnson Controls, a multinational conglomerate specializing in building technologies and automotive solutions. The combined company adopted the name "Johnson Controls plc." The merger aimed to create a more comprehensive and integrated company capable of providing end-to-end solutions for building efficiency, security, and safety.
Checkpoint Systems (US)
Tyco International PLC (US)
Nedap NV (Netherlands)
Gunnebo Gateway AB (Sweden)
Sentry Technology Corporation (US)
Ketec Inc (US)
ALL-TAG Corporation (US)
Universal Surveillance Systems (US)
FE Moran Security Solutions (US)
Industrial Security Solutions Inc (US)
SPIE AGIS Fire & Security (Hungary)
STANLEY Security (US)
April 2022: The leading provider of scan-and-go technology, MishiPay, announced its cooperation with Mainetti, an RFID retail solutions provider. Due to their united efforts, frictionless checkout will benefit consumers worldwide. With the help of this new arrangement, Mainetti can provide frictionless shopping to its clients who buy garments. In addition, MishiPay's patent-pending technology may be incorporated into Mainetti's RFID and EAS solution and used on purchased items.
January 2022: An industry leader in retail security, Securitas Electronic Security, Inc., announced a strategic agreement with Nedap to provide cutting-edge RFID, retail, and cloud-based loss prevention solutions. Through this partnership, SES is expanding its retail offering portfolio to include Nedap's, which includes EAS solutions for retail stores, end-to-end supply chain visibility, unified omnichannel customer experiences, and seamless loss prevention. These retail offerings are primarily focused on inventory visibility and seamless shopping experiences.
Magneto-Harmonic
Acousto-Magnetic
Radiofrequency
Microwave
Clothing And Fashion Accessories
Cosmetics
Supermarkets And Mass Merchandise
Others
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.1 Billion |
| Market Size 2023 | USD 1.13 Billion |
| Market Size 2032 | USD 1.48 Billion |
| Compound Annual Growth Rate (CAGR) | 3.40% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, Components, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Checkpoint Systems (US), Tyco International PLC (US), Nedap NV (Netherlands), Gunnebo Gateway AB (Sweden), Sentry Technology Corporation (US), Ketec Inc (US), ALL-TAG Corporation (US), Universal Surveillance Systems (US), FE Moran Security Solutions (US), Industrial Security Solutions Inc (US), SPIE AGIS Fire & Security (Hungary), STANLEY Security (US) |
| Key Market Opportunities | Retail sector transformation, an increasing number of retailers will drive the market. |
| Key Market Dynamics | Opportunity in the EAS software market. |
Frequently Asked Questions (FAQ) :
The Electronic Article Surveillance System Market size was valued at USD 1.1 Billion in 2022.
The global market is projected to grow at a CAGR of 3.40% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Checkpoint Systems (US), Tyco International PLC (US), Nedap NV (Netherlands), Gunnebo Gateway AB (Sweden), Sentry Technology Corporation (US), Ketec Inc (US), ALL-TAG Corporation (US), Universal Surveillance Systems (US), FE Moran Security Solutions (US), Industrial Security Solutions Inc (US), SPIE AGIS Fire & Security (Hungary), STANLEY Security (US).
The radiofrequency category dominated the market in 2022.
The tags had the largest share in the global market.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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