EAS Systems Market is estimated to register a CAGR of 4.5% forecast 2027
Description
Global EAS Systems Market: by Component (Electronic Antenna, Electric Tag, and Deactivator), by Type (Microwave, Mangneto-Harmonic, Radio Frequency, and Acuosto-Magnetic), by Application (Clothing & Fashion Accessory, Supermarket, and Large Grocery, Cosmetic/Pharmacy, Automotive and Industrial, and Others), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2021–2027)
The EAS systems market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive market analyses, capturing all the EAS systems market aspects.
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EAS Systems Industry Outlook
The global EAS systems market size is USD 1.93 billion in 2020 and is estimated to register a CAGR of 4.5% during the forecast period (2021-2027). Electronic article reconnaissance (EAS) frameworks are utilized to forestall shoplifting exercises in retail stores. These labels constantly are fixed on to a product at different stores, which gets deactivated by assistants when the things are suitably purchased or checked out EAS system.
Factors Affecting the EAS Systems Industry Over the Forecast:
An increase in the number of theft incidents at retail stores and outlets are expected to increase in investments in the EAS systems market over the forecast period
Integration of RFID with EAS system is estimated to create significant growth opportunities in the global EAS systems market
The high installation cost of EAS systems is expected to hamper the growth of the electronic article surveillance (EAS) system market.
Impact of COVID-19 on the EAS Systems Market:
The outbreak of the COVID-19 pandemic has considerably affected the global EAS systems market. Due to the pandemic, there is a decrease in the growth of advanced high-cost technologies due to disruption in the supply chain and the investment of the companies.
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Scope of the Report
The report outlines the global EAS systems market study based on components, application, and type.
Based on the component, the EAS systems market has been segmented into –
- Electronic Antenna
- Electric Tag
- Deactivator
Based on the type, the EAS systems market has been segmented into –
- Microwave
- Mangneto-Harmonic
- Radio Frequency
- Acuosto-Magnetic
Based on the application, the EAS systems market has been segmented into –
- Clothing and Fashion Accessory
- Cosmetic/Pharmacy
- Supermarket and Large Grocery
- Automotive and Industrial
- Others
EAS Systems Market: Regional Outlook
Geographically, the global EAS systems market is segmented into North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America is anticipated to hold the largest market share in the global EAS market due to the rising security concerns at the shopping store. Moreover, Asia Pacific is estimated to grow with a high CAGR in the global market over the forecast period.
Key Global EAS Systems Market Competitors Includes –
The global EAS systems market is highly fragmented, with the presence of a large number of small players across the globe. The vital EAS systems manufacturers operating in the global market are –
- CheckPoint Systems
- Nedap NV
- Sentry Technology Corporation
- Tyco International PLC
- Gunnebo Gateway AB
- Industrial Security Solutions Inc.
- Universal Surveillance Systems
- SPIE AGIS Fire & Security
- FE Moran Security Solutions
- All-Tag Security Americas Inc.
- Hangzhou Century Co.
- Tekno Electro Solutions
- Ketec Inc.
- Stanley Security
- Sentec.
The EAS systems market report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.
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EAS Systems Market Report Covers Comprehensive Analysis On:
- Market Segmentation & Regional Analysis
- Market Size of 10 years
- Pricing Analysis
- Supply & Demand Analysis
- Product Life Cycle Analysis
- Porter's Five Forces & Value Chain Analysis
- Developed & Emerging Economies Analysis
- PEST Analysis
- Market and Forecast Factor Analysis
- Market Opportunities, Risks, & Trends
- Conclusion & Recommendation
- Regulatory Landscape
- Patent Analysis
- Competition Landscape
- 15+ Company Profiles
EAS Systems Market Regional Analysis Includes:
- North America (US, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
- The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA
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EAS Systems Market: Target Audience
- EAS systems manufacturers
- EAS systems component manufacturers, distributors, and suppliers
- Trade publications and magazines
- Government authorities, associations, and organizations
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