Overview
Due to increasing shoplifting cases in supermarkets, the retail industry has suffered a huge loss in terms of both products as well as revenue. Therefore, the market for electronic article surveillance system is growing due to demand from the retail industry in order to curb the shop-lifting by connecting products with electronic tags that can help identify person stealing a tagged product. Market Research Future (MRFR) has published a research report about the global electronic article surveillance system market that estimates growth for this market at 3% CAGR (Compound Annual Growth Rate) during the forecast period between 2016 and 2022. By value, the market has been figured to be worth the US $ 2.02 bn by the end of the forecast period.
The vital factor helping the electronic article surveillance system market to proceed towards growth is the growing demand for electronic article surveillance system by the retail industry. Other factors contributing to the market growth include technological advancement, growing incidents of shoplifting, and growing security concern at supermarkets. However, the increased competition among the manufacturers and constantly evolving technologies can hamper market growth.
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Segments
The global electronic article surveillance system market has been segmented on the basis of application, type, and lastly, region. The application-based segmentation segments this market into clothing & fashion accessories, cosmetics/pharmacy, supermarkets & large grocery and others. During the forecast period, supermarket & large grocery segment is expected to grow at 4.38 % CAGR. By type, the market has been segmented into the hard tag, soft tag, deactivator or detacher, and detection system. During the forecast period, Soft tag segment is growing at approximately 4.43% CAGR.
The regional segmentation of the global electronic article surveillance system market has segmented the market into the regional markets known as China, Europe, Japan, Korea, Taiwan, USA, and rest of the world (RoW). During the forecast period, China is expected to be the leading regional market, and it is expected to grow at 4.45% CAGR due to the presence of a large number of companies in China.
Europe is the second largest regional market, and by the end of the forecast period, it is expected to be worth the US $ 423.2 mn. Due to the early adoption of technology, the USA is expected to register slow growth during the forecast period. By the end of the forecast period, as a regional market, the USA is expected to grow at 3.72% CAGR. During the forecast period, Korea is expected to grow at 3.19% CAGR whereas Taiwan is expected to grow at 2.60% CAGR. Both of these countries have decent technological advancement. Japan is a technologically advanced country. During the forecast period, the market can be expected to be stable in this country.
Key Players
The key players in the global Electronic Article Surveillance System (EAS) Market include All-Tag Corporation (USA), Checkpoint Systems (USA), Gunnebo Gateway (Sweden), Hangzhou Century Co. Ltd. (China), Ketec (USA), Nedap (The Netherlands), Sentry Technology (USA), Tyco International Ltd (Ireland), and Universal Surveillance System (USA).
Key Findings
- The global Electronic article surveillance system Market has generated market value of USD 1,600 million in 2016 and is expected to grow with CAGR of 3.30% during forecast period 2016- 2022.
- By type, Soft tag in Electronic article surveillance system Market accounts for the largest market share and is growing with approximately 4.43% CAGR during forecast period.
- By application, supermarket & large grocery sub segment has dominated the market in 2016 and is expected to grow with CAGR of 4.38 % by 2022.
- Geographically, China has dominated the market in Asia-Pacific region in 2016 and has generated market value of USD 407.5 million. Also, European region is expected to be the second highest growing region and is anticipated to reach at USD 423.2 million by 2022.
Regional Analysis
Electronic article surveillance system market is categorized based on region and is comprised of U.S, China, Europe, Japan, Korea, Taiwan and Rest of the World.
China is expected to remain the leading country growing at 4.45% CAGR over the forecast period. This is attributed to the presence of large number of companies in China. Owing to early adoption of technology, the U.S is expected to be register slow growth and is projected to reach from 4.80 % in 2016 to 3.72% CAGR over the forecast period. Korea and Taiwan are expected to have steady growth rate with 3.19% and 2.60% CAGR over the forecast period.
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Latest Industry News
Fast-fashion retailer Ardene is leveraging connected devices and solutions from Sensormatic Solutions to support its loss prevention strategy in order to expand its business. 28 FEB 2019
Checkpoint Systems is expanding its relationship with Polish fashion retail group LPP, with the deployment of a large-scale Radio Frequency IDentification (RFID) program in order to improve the consumer experience, merchandise availability, and the operational efficiency. 14 JAN 2019
Checkpoint Systems new HALO platform is being introduced as the new Internet of Things (IoT) platform for retail. Like most Checkpoint products, HALO is also helpful for electronic article surveillance. 15 JAN 2019
Intended Audience
- Technology Investors
- Research/Consultancy Firms
- Semiconductor component firms
- Industrial Firms
- Electronics suppliers
- Embedded manufacturers
- Industrial display manufacturers
- Retail owner
- Supermarket dealers
- Pharmaceutical companies
LIST OF TABLES
TABLE 1 GLOBAL ELECTRONIC ARTICLE SURVEILLANCE (EAS) SYSTEM MARKET SALES, BY TYPE (K UNITS)
TABLE 2 GLOBAL ELECTRONIC ARTICLE SURVEILLANCE (EAS) SYSTEM MARKET SHARE BY TYPE (%) 2012-2016
TABLE 3 GLOBAL ELECTRONIC ARTICLE SURVEILLANCE (EAS) SYSTEM SALES (VOLUME) BY APPLICATION (2012-2026)
TABLE 4 GLOBAL ELECTRONIC ARTICLE SURVEILLANCE (EAS) SYSTEM MARKET SALES, BY TYPE (K UNITS) (2012-2016)
TABLE 5 GLOBAL ELECTRONIC ARTICLE SURVEILLANCE (EAS) SYSTEM REVENUE BY TYPE (2012-2016) (USD MILLION)
Continued…….
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LIST OF FIGURES
FIGURE 1 GLOBAL ELECTRONIC ARTICLE SURVEILLANCE (EAS) SYSTEM SALES VOLUME (2012-2022)
FIGURE 2 HARD TAG SALES (K UNITS) (2012-2016)
FIGURE 3 SOFT TAG SALES (K UNITS) (2012-2016)
FIGURE 4 DEACTIVATOR OR DETACHER SALES (K UNITS) (2012-2016)
FIGURE 5 DETECTION SYSTEM SALES (K UNITS) (2012-2016)
Continued……
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