The electronic article surveillance (EAS) market is expected to grow from USD 981 million in 2019 to USD 1,173 million by 2024, at a CAGR of 3.6%. Protection against inventory losses, shoplifting, and theft; and modernizing the retail sector are the major driving factors for the market’s growth during the forecast period.
Ensuring protection against inventory losses through the adoption of electronic article surveillance systems is a key factor driving this market growth. With the threatened profit margins, a growing number of retailers, mainly the large ones with numerous outlets, are implementing the EAS systems to save on the costs incurred by these losses.
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Electronic article surveillance makers focus on product launches, agreements, contracts, collaborations, and partnerships to enter into new market segments. EAS manufacturers are expanding by offering technologically advanced tags and antennas with low price to increase their market presence in the electronic article surveillance market.
Key players in the market include 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) is a division of CCL Industries (Canada). The company 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 & 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 (EAS) 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. It’s 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 & 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 & tags, promotional displays, and queuing systems.
Johnson Controls (Ireland) is one of the leading advanced technology products and service providers. The company was formerly known as Tyco International (Ireland); in September 2016, Johnson Controls (JCI Inc.) and Tyco International (Tyco) completed their combination pursuant to the agreement and plan of merger, and Tyco changed its name to Johnson Controls International Plc. The company offers products & services, including security, fire detection, suppression, and life safety. It sells its security products and services under the following brand names: Tyco, SimplexGrinnell, Sensormatic, Ansul, Simplex, Scott and ADT, Software House, Visonic, Chemguard, and Exacq. It offers EAS systems through its subsidiary, Tyco Retail Solutions. Through the global products segment, the company, designs, manufactures, and sells fire protection, security, and life safety products, including intrusion security systems, anti-theft devices,
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
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