Global Electronic Article Surveillance Equipment Market Growth 2024-2030

Global Electronic Article Surveillance Equipment Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Electronic Article Surveillance Equipment market size was valued at US$ 1485 million in 2023. With growing demand in downstream market, the Electronic Article Surveillance Equipment is forecast to a readjusted size of US$ 1866.4 million by 2030 with a CAGR of 3.3% during review period.

The research report highlights the growth potential of the global Electronic Article Surveillance Equipment market. Electronic Article Surveillance Equipment are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Electronic Article Surveillance Equipment. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Electronic Article Surveillance Equipment market.

Electronic article surveillance (EAS) is a technological method for preventing shoplifting from retail stores, pilferage of books from libraries or removal of properties from office buildings. Special tags are fixed to merchandise or books. These tags are removed or deactivated by the clerks when the item is properly bought or checked out. At the exits of the store, a detection system sounds an alarm or otherwise alerts the staff when it senses active tags. Some stores also have detection systems at the entrance to the restrooms that sound an alarm if someone tries to take unpaid merchandise with them into the restroom. For high-value goods that are to be manipulated by the patrons, wired alarm clips called spider wrap may be used instead of tags.

Currently, there are many producing companies in the world Electronic Article Surveillance (EAS) System industry, especially in North America and Europe. The main market players are Checkpoint Systems, Tyco Retail Solutions, Nedap, Hangzhou Century Co., Ltd, Gunnebo Gateway, WGSPI, Ketec, All Tag and Universal Surveillance Systems. Top two players are Checkpoint Systems and Tyco Retail Solutions, with 38% market shares. North America is the largest consumption of Electronic Article Surveillance (EAS) System, with a sales market share nearly 33%. The second place is Asia-Pacific region; following North America with the sales market share over 28%. Asia Pacific is another important consumption market of Electronic Article Surveillance (EAS) System.

Key Features:

The report on Electronic Article Surveillance Equipment market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Electronic Article Surveillance Equipment market. It may include historical data, market segmentation by Type (e.g., Electromagnetic Systems, Sound-magnetic Systems), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Electronic Article Surveillance Equipment market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Electronic Article Surveillance Equipment market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Electronic Article Surveillance Equipment industry. This include advancements in Electronic Article Surveillance Equipment technology, Electronic Article Surveillance Equipment new entrants, Electronic Article Surveillance Equipment new investment, and other innovations that are shaping the future of Electronic Article Surveillance Equipment.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Electronic Article Surveillance Equipment market. It includes factors influencing customer ' purchasing decisions, preferences for Electronic Article Surveillance Equipment product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Electronic Article Surveillance Equipment market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Electronic Article Surveillance Equipment market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Electronic Article Surveillance Equipment market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Electronic Article Surveillance Equipment industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Electronic Article Surveillance Equipment market.

Market Segmentation:

Electronic Article Surveillance Equipment market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Electromagnetic Systems
Sound-magnetic Systems
Radio Frequency Systems
Microwave Systems
Others

Segmentation by application
Governments
Markets & Malls
Offices
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Checkpoint Systems
Nedap
Tyco Retail Solutions
GUNNEBO GATEWAY
Sensormatic
Eastcompeace
Agon Systems
Amersec
Invco Systems
CNC International
Shanghai RL Electronics
Hangzhou Century
Ketec
Sentry Technology
TAG Company

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electronic Article Surveillance Equipment market?

What factors are driving Electronic Article Surveillance Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electronic Article Surveillance Equipment market opportunities vary by end market size?

How does Electronic Article Surveillance Equipment break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.