What Is The Current and Historic Market Size Analysis Of The Electronic Article Surveillance Market?
The electronic article surveillance market has seen considerable growth due to a variety of factors.
• The electronic article surveillance market is seeing steady growth. It will increase from $1.26 billion in 2024 to $1.32 billion in 2025, at a CAGR of 4.8%.
The expansion is driven by the globalization of retail brands, growth in e-commerce, demand for luxury goods, increased awareness of shoplifting, and rising insurance premiums.
What Is The Forecast For The Electronic Article Surveillance Market Size?
The electronic article surveillance market is expected to maintain its strong growth trajectory in upcoming years.
• The electronic article surveillance market is expected to grow to $1.57 billion by 2029, with a CAGR of 4.4%.
The growth is due to the rise in retail theft, expanding supermarkets, demand for retail security, urbanization, and investments in retail infrastructure. Trends will include RFID technology, IoT integration, cloud-based EAS systems, and wireless solutions.
What Are The Essential Drivers Behind The Growth Of The Electronic Article Surveillance Market?
The expansion of the retail industry is expected to drive the growth of the electronic article surveillance market. Retailers, from small businesses to multinational chains, are experiencing growth due to shifts towards online shopping, globalization, and improvements in supply chain management. Electronic article surveillance plays a critical role in protecting merchandise and ensuring a safe shopping experience. In 2024, the National Retail Federation forecasts a 2.5% to 3.5% increase in U.S. retail sales, rising from $5.23 trillion to $5.28 trillion. This growth in retail is set to push the electronic article surveillance market forward.
How Is The Global Electronic Article Surveillance Market Divided Into Key Segments?
The electronic article surveillance market covered in this report is segmented –
1) By Type: Hard Tag, Soft Tag, Deactivator Or Detacher, Detection System, Permanent Deactivation Tag
2) By Technology: Video Wall, Acousto Magnetic System, Electro Magnetic, Radio Frequency, Microwave
3) By End User: Clothing And Fashion Accessories, Cosmetics Or Pharmacy, Supermarkets, Mass Merchandise Stores
Subsegments:
1) By Hard Tag: Acousto-Magnetic (AM) Hard Tags, Radio Frequency (RF) Hard Tags, Electromagnetic (EM) Hard Tags
2) By Soft Tag: Paper Or Label Soft Tags, Fabric-Based Soft Tags, Sticker Soft Tags
3) By Deactivator Or Detacher: Manual Deactivators Or Detachers, Electronic Deactivators Or Detachers, Dual-Purpose Deactivators And Detachers
4) By Detection System: Acousto-Magnetic (AM) Detection Systems, Radio Frequency (RF) Detection Systems, Electromagnetic (EM) Detection Systems
5) By Permanent Deactivation Tag: Self-Deactivating Tags, RFID-Based Permanent Deactivation Tags
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What Emerging Trends Are Influencing The Growth Of The Electronic Article Surveillance Market?
Companies in the Electronic Article Surveillance market are innovating with advanced technologies like sustainable radio-frequency identification (RFID) to improve security while reducing environmental impact. Sustainable RFID uses eco-friendly materials and energy-efficient processes to track and monitor items with minimal environmental footprint. For instance, in November 2024, Century Textiles and Industries Ltd., based in India, launched the PET-free RFID ECO Care Label, which enhances supply chain tracking while being environmentally friendly due to its fabric-based composition, free from polyethylene terephthalate (PET). This label is soft, durable, and suitable for various apparel applications.
Who Are the Key Players In The Electronic Article Surveillance Market?
Major companies operating in the electronic article surveillance market are:
• Alibaba Group Holding Limited
• Avery Dennison Corporation
• ADT Inc.
• Checkpoint Systems Inc.
• Gunnebo AB
• Nedap N.V.
• Takachiho Koheki Co. Ltd.
• Hangzhou Century Co. Ltd.
• Sentry Technology Corporation
• Sensormatic Solutions
• WG Security Products Inc.
• Softdel Systems Pvt. Ltd.
• Adtech Systems Ltd.
• Shopguard Systems Ltd.
• Amersec
• Ketec Inc.
• Everon Solutions Limited
• Cross Point BV
• Axle Systems
• Agon Systems Ltd.
• ALL-TAG Corporation
• Dexilon Automation
• FE Moran Security Solutions
• Feltron Security Systems
• Safegear
• Security Info Watch
What Are The Regional Insights Into The Electronic Article Surveillance Market?
North America was the largest region in the electronic article surveillance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic article surveillance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
