Electronic Article Surveillance (EAS) Market Size (2024 - 2029)

The Electronic Article Surveillance market is projected to experience growth due to increasing investments by retailers in security solutions to combat rising shoplifting and organized retail crime. The demand for EAS systems is driven by the need to protect assets and minimize losses, particularly in the retail sector, where shoplifting poses a significant challenge. Technological advancements and the expansion of digital operations present opportunities for market expansion, especially in emerging markets and the apparel industry. However, the market's growth is hindered by the need for additional investment in EAS solutions and disruptions in the retail industry. The post-COVID-19 recovery of the retail sector is expected to further boost the market's expansion.

Market Size of Electronic Article Surveillance (EAS) Industry

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Electronic Article Surveillance (EAS) Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.17 Billion
Market Size (2029) USD 1.37 Billion
CAGR (2024 - 2029) 3.29 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Electronic Article Surveillance (EAS) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Electronic Article Surveillance (EAS) Market Analysis

The Electronic Article Surveillance Market size is estimated at USD 1.17 billion in 2024, and is expected to reach USD 1.37 billion by 2029, growing at a CAGR of 3.29% during the forecast period (2024-2029).

  • The increasing frequency of shoplifting incidents and organized retail crime has led retailers to invest in robust security solutions like EAS systems to protect their assets and minimize losses. The advancement of technology and innovations have impacted EAS systems in recent years.
  • The threat of organized retail crime continues to grow around the world. Organized retail crime, from brazen thefts of goods by aggressive gangs to sophisticated ebuyer fraud teams, is an increasing concern for retailers. Hence, safeguarding against shoplifting, inventory losses, and theft is becoming a main issue for retail stores, generating demand for EAS products and thus boosting the growth of the market studied significantly.
  • Shoplifting is a major cause of retail contraction. The increasing number of shoplifters worldwide has increased the demand for electronic merchandise surveillance systems, especially in the retail industry. Using EAS reduces the need for comprehensive surveillance in all areas, saving significant investments and providing security for the products.
  • Moreover, the rising trend of digital operations and growing potential for growth in emerging markets are some of the significant opportunities for EAS providers. Apparel and fashion stores are expected to capture a large market share of EAS technology.
  • However, aspects such as the need for extra investment to implement EAS solutions and disruptions in the retail industry affecting the demand are anticipated to be significant factors impeding the growth of the market studied throughout the forecast period.
  • During the COVID-19 outbreak, the growth rate of the market slowed down significantly due to the temporary closure of stores worldwide, including clothing and fashion stores and other department stores. In the post-COVID-19 scenario, the retail sector is experiencing significant growth, which is expected to increase the demand for EAS.

Electronic Article Surveillance (EAS) Industry Segmentation

Electronic article surveillance, EAS, is a system used by retail businesses for the prevention of shoplifting when an electronically detectable tag is attached to clothing or goods.

The electronic article surveillance market is segmented by component (tags, antennas, deactivators/detachers, and other components), technology (acoustomagnetic, electromagnetic, RF and RFID, microwave & other technologies), end-user (clothing & fashion accessories, cosmetics/pharmacy, supermarkets & mass merchandise stores, and other end-users), and geography (North America (United States and Canada), Europe (Germany, United Kingdom, France, and the Rest of Europe), Asia Pacific (India, China, Japan, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America), Middle East & Africa).

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Component
Tags
Antennas
Deactivators/Detachers
Other Components (Labels and Safers)
By Technology
Acousto-magnetic
Electromagnetic
RF and RFID
Microwave and Others
By End User
Clothing and Fashion Accessories
Cosmetics/Pharmacy
Supermarkets and Mass Merchandise Stores
Other End Users
By Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
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Electronic Article Surveillance (EAS) Market Size Summary

The Electronic Article Surveillance (EAS) market is experiencing growth driven by the increasing need for retailers to combat shoplifting and organized retail crime. As these threats escalate globally, retailers are investing in advanced EAS systems to protect their assets and reduce inventory losses. The market is benefiting from technological advancements and innovations that enhance the effectiveness of EAS solutions. The retail sector's recovery post-COVID-19 has further fueled demand, particularly in apparel and fashion stores, which are expected to capture a significant share of the market. However, the need for substantial investment in EAS implementation and potential disruptions in the retail industry pose challenges to market growth.

In the Asia-Pacific region, the EAS market is poised for significant expansion due to the rising demand for clothing and fashion accessories, coupled with the increasing export of fashion goods. Countries like China, India, and Japan are witnessing a surge in retail platforms, including supermarkets and mass merchandise stores, which drive the demand for EAS systems. The market is moderately competitive, with key players investing in research and development, partnerships, and technological innovations to enhance their offerings. Recent developments, such as the acquisition of Alert Systems by Checkpoint Systems and the introduction of new RFID technologies by CONTROLTEK, highlight the ongoing efforts to improve EAS solutions and address the evolving needs of the retail sector.

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Electronic Article Surveillance (EAS) Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of Impact of COVID-19 on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Component

      1. 2.1.1 Tags

      2. 2.1.2 Antennas

      3. 2.1.3 Deactivators/Detachers

      4. 2.1.4 Other Components (Labels and Safers)

    2. 2.2 By Technology

      1. 2.2.1 Acousto-magnetic

      2. 2.2.2 Electromagnetic

      3. 2.2.3 RF and RFID

      4. 2.2.4 Microwave and Others

    3. 2.3 By End User

      1. 2.3.1 Clothing and Fashion Accessories

      2. 2.3.2 Cosmetics/Pharmacy

      3. 2.3.3 Supermarkets and Mass Merchandise Stores

      4. 2.3.4 Other End Users

    4. 2.4 By Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 India

        2. 2.4.3.2 China

        3. 2.4.3.3 Japan

        4. 2.4.3.4 Rest of Asia-Pacific

      4. 2.4.4 Latin America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Mexico

        3. 2.4.4.3 Rest of Latin America

      5. 2.4.5 Middle East and Africa

Electronic Article Surveillance (EAS) Market Size FAQs

The Electronic Article Surveillance Market size is expected to reach USD 1.17 billion in 2024 and grow at a CAGR of 3.29% to reach USD 1.37 billion by 2029.

In 2024, the Electronic Article Surveillance Market size is expected to reach USD 1.17 billion.

Electronic Article Surveillance (EAS) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)