Electronic Article Surveillance Market by Component (Tags, Antennas & Detachers), Technology, End User (Apparel & Fashion Accessories Stores, Supermarket & Mass Merchandise Stores, Drug & Health Product Stores), and Geography - Global Forecast to 2024
[111 Pages] The electronic article surveillance market is expected to grow from USD 981 million in 2019 to USD 1,173 million by 2024, at a CAGR of 3.6%. Modernizing retail sector and protection against inventory losses, shoplifting, and theft.
Modernizing retail sector and protection against inventory losses, shoplifting, and theft are the major driving factors for the market’s growth during the forecast period.Owing to factors such as the evolution of the retail sector, an increasing number of retailers are deploying retail automation solutions based on innovative technologies, including EAS, to provide services that are flexible as well as easy to access for both retailers and customers. As the EAS solutions help protect inventory loss from shoplifting and theft, optimize retail store performance, and enable inventory intelligence solution along with traffic counting; many retailers are deploying EAS solutions.
“Tags to dominate electronic article surveillance market (in terms of share) during the forecast period.”
Tags provide superior protection for goods to reduce theft and shoplifting. Tags induce an alarm when they pass in an active state through an EAS detection zone at a store's entrance or exit. Two types of tags are available in the market—hard and soft. The functioning of a majority of tags and labels is relatively similar in terms of detection performance by the security antenna located at the doors. Majority of the demand for tags is generated from apparel and fashion accessories stores, due to the growing number of consumers, the number of retail stores is also rising at a rapid pace, propelling the growth of the electronic article surveillance market for tags.
“Radio Frequency technology to hold a major share of the electronic article surveillance market during the forecast period.”
At present, RF technology holds the major share of the electronic article surveillance market, and a similar trend is expected to continue during the forecast period. The growth of RF technology is driven by the growing usage of RF technology based components in the end users including apparel & fashion accessories stores, supermarket & mass merchandise stores, and drug & health product stores. Moreover, RF technology has key features such as ultra-wide detection distance, simple installation and operation, low false alarm rate, strong anti-interference ability, and high stability and durability, due to which the market for RF technology holds major share of the market.
“Supermarkets and mass merchandise stores to witness the highest CAGR during the forecast period.”
Supermarkets & mass merchandise stores are transforming themselves into smart stores from recent past for providing better shopping experience. To match with the pace of changing shopping behavior and the emergence of new trends, many store operators are adopting new technologies in their supply chain as well as in their storefronts, thereby trialing new delivery models, developing private labels, and forming partnerships with leading internet connectivity providers for increasing their market presence. The performance of the supermarket and mass merchandise sector is set to further improve in the coming years. Growing demand for EAS systems to prevent theft and shoplifting incidents is expected to drive the adoption of EAS systems in this segment.
“APAC to account for the highest demand in the electronic article surveillance market during the forecast period.”
The market in APAC is expected to exhibit the highest growth rate in the electronic article surveillance market. A growing number of retail stores in the apparel and fashion accessories, and supermarket and mass merchandise sector are expected to create a considerable demand for EAS systems. Supermarket and mass merchandise outlets are increasing in number because of the high economic growth, rising consumerism, elevating standards of living, increasing disposable incomes, and changing lifestyles; this is expected to increase the demand for EAS systems in this region.
Key Market Players
Key players in the market include Checkpoint Systems (Canada), Johnson Controls (Ireland), Agon Systems (UK), ALL-TAG Corporation (US), Amersec (Czech Republic), TAG Company (UK), Ketec (US), WG Security Products (US), Softdel (US), Shenzhen Emeno Technology (China), Cross Point (The Netherland), Takachiho Koheki (Japan), Stanley Security (US), Shopguard Systems (Hungary), Dexilon Automation (Spain), Feltron Security Systems (UAE), and Sentry Custom Security (Canada).
Checkpoint Systems (Canada) offers intelligent solutions—including software, hardware, labels, tags, and connected cloud-based solutions—to the retail market under apparel labeling, inventory control, alpha high theft, software, and service and support categories. The company provides end-to-end solutions to enable retailers to achieve clarity and efficiency in daily operations. It offers electronic article surveillance systems that include antennas and deactivation units, along with EAS consumables comprising EAS-RF and EAS-EM labels that enable retailers to protect various easily-pocketed, high-shrink merchandise. Its EAS consumables include alpha solutions, store security system installations, monitoring solutions, radio frequency identification (RFID) systems, software, tags, and labels. The apparel labeling solutions segment, a part of Checkpoint segment, provides web-enabled apparel labeling solutions and services to apparel retailers, brand owners, and manufacturers for enabling them to manage the printing of information on tags and labels. Its retail merchandising solutions segment includes handheld label applicators and tags, promotional displays, and queuing systems.
Report Scope
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Report Metric |
Details |
|
Market Size Available for Years |
2016–2024 |
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Base Year Considered |
2018 |
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Forecast Period |
2019–2024 |
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Forecast Units |
Million Units, Billion Units |
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Segments Covered |
Component, Technology, End User, Region |
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Regions Covered |
North America, Europe, APAC, and RoW |
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Companies Covered |
Checkpoint Systems (Canada), Johnson Controls (Ireland), Agon Systems (UK), ALL-TAG Corporation (US), Amersec (Czech Republic), TAG Company (UK), Ketec (US), WG Security Products (US), Softdel (US), Shenzhen Emeno Technology (China), Cross Point (The Netherland), Takachiho Koheki (Japan), Stanley Security (US), Shopguard Systems (Hungary), Dexilon Automation (Spain), Feltron Security Systems (UAE), and Sentry Custom Security (Canada). |
Electronic Article Surveillance Market Segmentation:
In this report, the electronic article surveillance market has been segmented into the following categories:
Electronic Article Surveillance Market, by Component:
- Tags
- Antennas & Detachers
Electronic Article Surveillance Market, by Technology:
- Video Wall
- Acousto-Magnetic
- Electro Magnetic
- Radio Frequency
- Microwave
Electronic Article Surveillance Market, by End User:
- Apparel and Fashion Accessories Stores
- Supermarkets and Mass Merchandise Stores
- Drug and Health Product Stores
- Others
Electronic Article Surveillance Market, by Geography:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific (APAC)
- China
- Japan
- South Korea
- India
- Rest of APAC
- Rest of the World (RoW)
- Middle East & Africa
- South America
Key developments
- In July 2018, the Spanish fashion retailer Scalpers selected Nedap as a technology partner for rolling out RFID-based solutions to its 150 stores. Nedap will provide its !D Cloud software platform, RFID hardware, and EAS to enable the complete traceability of Scalpers’ inventory and raise the retailer’s stock accuracy.
- In June 2018, ALL-TAG launched Q-Tag, an EAS and RFID solution that ensures high security, versatility, efficiency, and safety of apparels and soft goods.
- In January 2018, Tyco Retail Solutions introduced its revolutionary Sensormatic InFuzion tag, the first in the new innovative InFuzion EAS tagging series. It offers flexibility to upgrade to other technologies and loss prevention capabilities to satisfy the needs of retailers.
- In January 2018, Tyco Retail Solutions collaborated with Google Cloud to strengthen its market leadership in next-generation real-time analytics, and store execution and performance solutions. Google Cloud Platform provides a future proof infrastructure with global scale, security, and high performance for Tyco Retail’s world-class retail customers. The new Google Cloud-based service for store shrink management enables retailers to enhance productivity, and increase reliability and performance of EAS systems for a new generation of innovative loss prevention.
- In February 2016, Tyco Retail Solutions opened a new office in Tokyo (Japan) to meet the growing need for store performance solutions in Japan as Japan-based multinational retailers are upgrading technology and expanding in Asia. Tyco is focusing on to cater retailer’s growing demand for new technologies.
Key questions addressed by the report:
- What are the opportunities for electronic article surveillance system providers?
- How much growth is expected from tags and antennas and detachers in the market
- Who are the major current and potential competitors in the market, and what are their top priorities, strategies, and developments?
- What are the major applications of the electronic article surveillance market?
- What are the major end users of the electronic article surveillance market and growth trends in respective end users?
Frequently Asked Questions (FAQ):
Which products are expected to drive the growth of the market in the next 5 years?
Protection against inventory losses, shoplifting, and theft and modernizing retail sector is expected to drive the growth of the electronics article surveillance market. Owing to factors such as the evolution of the retail sector, an increasing number of retailers are deploying retail automation solutions based on innovative technologies, including EAS, to provide services that are flexible as well as easy to access for both retailers and customers. As the EAS solutions help protect inventory loss from shoplifting and theft, optimize retail store performance, and enable inventory intelligence solution along with traffic counting; many retailers are deploying EAS solutions.
Which are the major companies in the market? What are their major strategies to strengthen their market presence?
Checkpoint Systems, Johnson Controls, Nedap, Gunnebo Gateway, Hangzhou Century, Ketec, Agon Systems, All-Tag Corporation, Amersec, and Tag Company dominated the electronics article surveillance market. Leading companies in the electronics article surveillance market adopted strategies of product launches and developments to strengthen their market presence and enter new application areas.
Which region is expected to witness significant demand for electronic article surveillance in the coming years?
The market in APAC is expected to exhibit the highest growth rate in the electronic article surveillance market. A growing number of retail stores in the apparel and fashion accessories, and supermarket and mass merchandise sector are expected to create a considerable demand for EAS systems. Supermarket and mass merchandise outlets are increasing in number because of the high economic growth, rising consumerism, elevating standards of living, increasing disposable incomes, and changing lifestyles; this is expected to increase the demand for EAS systems in this region.
Which technology expected to lead growth of market market?
At present, RF technology holds the major share of the electronic article surveillance market, and a similar trend is expected to continue during the forecast period. The growth of RF technology is driven by the growing usage of RF technology based components in the end users including apparel & fashion accessories stores, supermarket & mass merchandise stores, and drug & health product stores. Moreover, RF technology has key features such as ultra-wide detection distance, simple installation and operation, low false alarm rate, strong anti-interference ability, and high stability and durability, due to which the market for RF technology holds major share of the market.
Which are the major opportunities in the electronic article surveillance market?
Growing inclination toward digital operations and high growth potential in emerging economies are some of the opportunities in the electronics article surveillance market. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 14)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Geographic Coverage
1.3.2 Years Considered
1.4 Currency
1.5 Package Size
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 29)
4.1 Attractive Opportunities in Overall Electronic Article Surveillance Market
4.2 Electronic Article Surveillance Market, By End User
4.3 Electronic Article Surveillance Market in APAC, By End User and Country
4.4 Electronic Article Surveillance Market, By Geography
5 Market Overview (Page No. - 32)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Protection Against Inventory Losses, Shoplifting, and Theft
5.2.1.2 Modernizing Retail Sector
5.2.2 Restraints
5.2.2.1 Additional Investment Required to Implement EAS Systems
5.2.2.2 High Adoption Rate of RFID Technology in Retail Sector
5.2.3 Opportunities
5.2.3.1 Growing Inclination Toward Digital Operations
5.2.3.2 High Growth Potential in Emerging Economies
5.2.4 Challenges
5.2.4.1 Reluctance of Retailers
6 Electronic Article Surveillance Market, By Component (Page No. - 36)
6.1 Introduction
6.2 Tags
6.2.1 Tags to Dominate EAS Market With Largest Share During Forecast Period
6.3 Antennas
6.3.1 Growing Adoption of EAS Systems for Protection Against Inventory Loss to Drive Growth of Market for Antennas During Forecast Period
6.4 Deactivators/Detachers
6.4.1 Increasing Number of Retail Stores to Drive Growth of Market for Detachers During Forecast Period
7 Electronic Article Surveillance Market, By Technology (Page No. - 40)
7.1 Introduction
7.2 Acoustomagnetic
7.2.1 Apparel and Fashion Accessories Stores to Be Major Users of EAS Systems for Acoustomagneric Technology During Forecast Period
7.3 Electromagnetic
7.3.1 Increasing Number of Retail Stores to Drive the Growth of EAS Market for EM Technology During Forecast Period
7.4 Radio Frequency
7.4.1 Rf Technology to Dominate EAS Market With Largest Market Share During Forecast Period
7.5 Microwave
7.5.1 Modernizing Retail Sector Driving the Growth of EAS Market for Microwave Technology
8 Electronic Article Surveillance Market, By End User (Page No. - 44)
8.1 Introduction
8.2 Apparel and Fashion Accessories Stores
8.2.1 Apparel and Fashion Accessories Stores to Hold Major Share of the EAS Market During Forecast Period
8.3 Supermarkets and Mass Merchandise Stores
8.3.1 Supermarkets and Mass Merchandise to Witness Highest Growth Rate for EAS Market During Forecast Period
8.4 Drug and Health Product Stores
8.4.1 North America to Hold Major Share of EAS Market for Drug and Health Product Stores During Forecast Period
8.5 Others
8.5.1 APAC to Witness Highest Growth Rate for EAS Market for Other End User During Forecast Period
9 Geographic Analysis (Page No. - 50)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 US to Hold Major Share of EAS Market in North America During Forecast Period
9.2.2 Canada
9.2.2.1 Increasing Number of Global Retailers Drives Growth of EAS Market in Canada
9.2.3 Mexico
9.2.3.1 Apparels and Fashion Accessories Stores, and Supermarkets and Mass Merchandise Stores to Be Major Users of EAS Systems in Mexico
9.3 Europe
9.3.1 UK
9.3.1.1 UK to Witness Surge in Demand for EAS Systems During Forecast Period
9.3.2 Germany
9.3.2.1 Germany to Lead EAS Market in Europe With Largest Size During Forecast Period
9.3.3 France
9.3.3.1 High Number of Apparel and Fashion Accessories, and Supermarket Stores to Contribute to Market in France
9.3.4 Spain
9.3.4.1 Growing Investment in Retail Sector for Upgrading Stores Drives Growth of EAS Market in Spain
9.3.5 Italy
9.3.5.1 Growing Retail Space in Italy to Propel Growth of EAS Market During Forecast Period
9.3.6 Rest of Europe
9.3.6.1 Market in Rest of Europe to Grow on Back of Apparel and Fashion Accessories Stores, and Supermarkets and Mass Merchandise Stores
9.4 APAC
9.4.1 China
9.4.1.1 China to Dominate EAS Market in APAC With Largest Market Share During Forecast Period
9.4.2 Japan
9.4.2.1 Japan to Witness High Demand for EAS Systems for Apparel and Fashion Accessories and Supermarket Stores During Forecast Period
9.4.3 South Korea
9.4.3.1 Elevating Number of Shopping Malls and Retail Outlets Driving Growth of EAS Market in South Korea
9.4.4 India
9.4.4.1 India to Register High CAGR in EAS Market in APAC During Forecast Period
9.4.5 Rest of APAC
9.4.5.1 EAS Market to Grow Rapidly in Australia, Taiwan, Thailand, and Singapore During Forecast Period
9.5 RoW
9.5.1 Middle East and Africa
9.5.1.1 High Growth Opportunities are Expected in Middle East and Africa During Forecast Period
9.5.2 South America
9.5.2.1 Growing Urbanization and Increasing Number of Retail Stores Drives Growth of EAS Market in South America
10 Competitive Landscape (Page No. - 77)
10.1 Overview
10.2 Ranking Analysis of Key Players in EAS Market
10.3 Competitive Situations and Trends
10.3.1 Product Launches and Developments
10.3.2 Agreements, Partnerships, Collaborations, and Joint Developments
10.3.3 Expansions
11 Company Profiles (Page No. - 83)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 Key Players
11.1.1 Checkpoint Systems
11.1.2 Johnson Controls
11.1.3 Nedap
11.1.4 Gunnebo Gateway
11.1.5 Hangzhou Century
11.1.6 Ketec
11.1.7 Agon Systems
11.1.8 All-Tag Corporation
11.1.9 Amersec
11.1.10 Tag Company
11.2 Other Key Players
11.2.1 WG Security Products
11.2.2 Shenzhen Emeno Technology
11.2.3 Cross Point
11.2.4 Takachiho Koheki Co
11.2.5 Stanley Security
11.2.6 Shopguard Systems
11.2.7 Dexilon Automation
11.2.8 Feltron Security Systems
11.2.9 Sentry Custom Security
11.2.10 Softdel
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 106)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.3 Available Customization
12.4 Related Reports
12.5 Author Details
List of Tables (32 Tables)
Table 1 Electronic Article Surveillance Market, By Component, 2016–2024 (USD Million)
Table 2 Electronic Article Surveillance Market, By Technology, 2016–2024 (USD Million)
Table 3 Electronic Article Surveillance Market, By End User, 2016–2024 (USD Million)
Table 4 Electronic Article Surveillance Market for Apparel and Fashion Accessories, By Region, 2016–2024 (USD Million)
Table 5 Electronic Article Surveillance Market for Supermarkets and Mass Merchandise, By Region, 2016–2024 (USD Million)
Table 6 Electronic Article Surveillance Market for Drug and Health Store, By Region, 2016–2024 (USD Million)
Table 7 Electronic Article Surveillance Market for Others, By Region, 2016–2024 (USD Million)
Table 8 Electronic Article Surveillance Market, By Region, 2016–2024 (USD Million)
Table 9 Electronic Article Surveillance Market in North America, By Country, 2016–2024 (USD Million)
Table 10 Electronic Article Surveillance Market in North America, By End User, 2016–2024 (USD Million)
Table 11 Electronic Article Surveillance Market in US, By End User, 2016–2024 (USD Million)
Table 12 Electronic Article Surveillance Market in Canada, By End User, 2016–2024 (USD Million)
Table 13 Electronic Article Surveillance Market in Mexico, By End User, 2016–2024 (USD Million)
Table 14 Electronic Article Surveillance Market in Europe, By Country, 2016–2024 (USD Million)
Table 15 Electronic Article Surveillance Market in Europe, By End User, 2016–2024 (USD Million)
Table 16 Electronic Article Surveillance Market in UK, By End User, 2016–2024 (USD Million)
Table 17 Electronic Article Surveillance Market in Germany, By End User, 2016–2024 (USD Million)
Table 18 Electronic Article Surveillance Market in France, By End User, 2016–2024 (USD Million)
Table 19 Electronic Article Surveillance Market in Spain, By End User, 2016–2024 (USD Million)
Table 20 Electronic Article Surveillance Market in Italy, By End User, 2016–2024 (USD Million)
Table 21 Electronic Article Surveillance Market in Rest of Europe, By End User, 2016–2024 (USD Million)
Table 22 Electronic Article Surveillance Market in APAC, By Country, 2016–2024 (USD Million)
Table 23 Electronic Article Surveillance Market in APAC, By End User, 2016–2024 (USD Million)
Table 24 Electronic Article Surveillance Market in China, By End User, 2016–2024 (USD Million)
Table 25 Electronic Article Surveillance Market in Japan, By End User, 2016–2024 (USD Million)
Table 26 Electronic Article Surveillance Market in South Korea, By End User, 2016–2024 (USD Million)
Table 27 Electronic Article Surveillance Market in India, By End User, 2016–2024 (USD Million)
Table 28 Electronic Article Surveillance Market in Rest of APAC, By End User, 2016–2024 (USD Million)
Table 29 Electronic Article Surveillance Market in RoW, By Country, 2016–2024 (USD Million)
Table 30 Electronic Article Surveillance Market in RoW, By End User, 2016–2024 (USD Million)
Table 31 Electronic Article Surveillance Market in Middle East and Africa, By End User, 2016–2024 (USD Million)
Table 32 Electronic Article Surveillance Market in South America, By End User, 2016–2024 (USD Million)
List of Figures (34 Figures)
Figure 1 Markets Covered
Figure 2 Electronic Article Surveillance Market: Process Flow of Market Size Estimation
Figure 3 Electronic Article Surveillance Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions for Research Study
Figure 8 Apparel and Fashion Accessories Stores to Dominate Electronic Article Surveillance Market During Forecast Period
Figure 9 Electronic Article Surveillance Market for Tags to Grow at Higher CAGR During Forecast Period
Figure 10 APAC to Be Register Highest CAGR in Electronic Article Surveillance Market During Forecast Period
Figure 11 Increasing Adoption of Electronic Article Surveillance Systems for Protection Against Inventory Losses, Shoplifting, and Theft and Modernizing Retail Sector is Major Market Drivers
Figure 12 Apparel and Fashion Accessories Stores to Account for Largest Size of Electronic Article Surveillance Market During Forecast Period
Figure 13 Apparel and Fashion Accessories Stores and China as Largest Shareholders in Electronic Article Surveillance Market in APAC in 2018
Figure 14 India and China to Witness High CAGR in Electronic Article Surveillance Market By 2024
Figure 15 Protection Against Inventory Losses, Shoplifting, and Theft Incidences Drives Electronic Article Surveillance Market
Figure 16 Tags to Register Higher CAGR in Electronic Article Surveillance Market During Forecast Period
Figure 17 Electronic Article Surveillance Market for Radio Frequency to Grow at Highest CAGR During Forecast Period
Figure 18 Electronic Article Surveillance Market for Supermarkets and Mass Merchandise to Grow at Highest CAGR During Forecast Period
Figure 19 Geographic Snapshot of Electronic Article Surveillance Market
Figure 20 North America to Hold Largest Size of Electronic Article Surveillance Market During Forecast Period
Figure 21 US to Dominate Electronic Article Surveillance Market in North America During Forecast Period
Figure 22 North America: Electronic Article Surveillance Market Snapshot
Figure 23 Germany to Register Highest CAGR in Electronic Article Surveillance Market During Forecast Period
Figure 24 Europe: Electronic Article Surveillance Market Snapshot
Figure 25 India to Register Highest CAGR in Electronic Article Surveillance Market in APAC During Forecast Period
Figure 26 APAC: Electronic Article Surveillance Market Snapshot
Figure 27 Middle East to Register Highest CAGR in Electronic Article Surveillance Market in RoW During Forecast Period
Figure 28 Key Developments By Leading Players in Market From 2016 to 2018
Figure 29 Ranking of Key Players in EAS Market (2018)
Figure 30 Product Launches and Developments Were Key Strategies Adopted By Major Players From 2016 to 2018
Figure 31 CCL Industries: Company Snapshot
Figure 32 Johnson Controls: Company Snapshot
Figure 33 Nedap: Company Snapshot
Figure 34 Gunnebo Group: Company Snapshot
The study involved four major activities for estimating the size of the electronic article surveillance market. Exhaustive secondary research was done to collect information on the market, including its peer markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, press releases, investor presentations, and financial statements); trade, business, and professional associations; white papers, EAS-based marketing-related journals, certified publications, and articles from recognized authors; gold and silver standard websites; directories; and databases.
Secondary research has been conducted to obtain key information about the industry’s supply chain, market’s monetary chain, the total pool of key players, and market segmentation according to industry trends to the bottom-most level, geographic markets, and key developments from both market and technology-oriented perspectives. The secondary data has been collected and analyzed to arrive at the overall market size, which has further been validated by primary research.
Primary Research
In the primary research process, various primary sources from the supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants from various key companies and organizations operating in the electronic article surveillance market.
After the complete market engineering (including calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research has been conducted to verify and validate critical market numbers.
Primary research has also been conducted to identify segmentation types and key players, as well as analyze the competitive landscape, key market dynamics (drivers, restraints, opportunities, and challenges), and major growth strategies adopted by market players. During market engineering, both top-down and bottom-up approaches have been extensively used, along with several data triangulation methods, to estimate and forecast the market, including the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been performed during the complete market engineering process to list the key information/insights throughout the report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the market engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the overall market and other dependent submarkets listed in this report. Extensive qualitative and quantitative analyses have been performed during market engineering to list key information/insights.
Major players in the market have been identified through secondary research, and their market ranking has been determined through primary and secondary research. This involved studying the annual and financial reports of top market players, and interviews with industry experts (such as CEOs, vice presidents, directors, and marketing executives) for key insights—both quantitative and qualitative.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Data Triangulation
After arriving at the overall market size through the process explained above, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Study Objectives
- To define and describe the electronic article surveillance market, in terms of value, by component, technology, end user, and Geography
- To forecast the electronic article surveillance market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
- To identify the opportunities for various stakeholders such as electronic article surveillance system manufacturers, component suppliers, and brand product manufacturers by identifying high-growth segments and emerging use cases of the electronic article surveillance market
- To strategically analyze micro-markets with regard to individual growth trends, prospects, and contributions to the total market
- To strategically profile key players and comprehensively analyze their market position in
terms of ranking and core competencies, along with detailing competitive landscape for market leaders - To analyze strategic approaches such as product launches, acquisitions, contracts, agreements, and partnerships in the electronic article surveillance market
Available Customization
With the given market data, MarketsandMarkets offers customizations according to companies’ specific needs. The following customization options are available for the report.
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Electronic Article Surveillance Market