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Global Electronic Article Surveillance System Market, by Type (Hard Tag, Soft Tag, Deactivator or Detacher and Detection System), By Application (Clothing & Fashion Accessories, Cosmetics/Pharmacy, Supermarkets & Large Grocery and Others) - Forecast 2022
Market analysis
With the growing cases of shoplifting in various supermarkets, the retail industries has suffered a substantial amount of loss in terms of its revenue as well as products. Thus, the retail industry is now moving towards the purchase and installation of the anti-theft systems. The electronic article surveillance (EAS) system is one of the major techniques in controlling the anti-theft techniques for curbing the menace of shoplifting cases in supermarkets, shopping malls and retail stores. The growth in the EAS system adoption and the growing security concerns is augmenting the growth of the global electronic article surveillance market. The global electronic article surveillance system Market is projected to reach the approx. value of USD 2.02 billion by the year 2022, growing at a CAGR of 3% during the forecast period 2016 to 2022.
Market segmentation
The Global Electronic article surveillance system Market is classified on the basis of its type and end-user industry. On the basis of its type, the Electronic article surveillance system market is segmented into soft tag, hard tag, detacher or deactivator and the detection system. Based on its end-users, the market has been classified into cosmetics/pharmacy, clothing and fashion accessories, large grocery & supermarkets among others.
Regional analysis
Geographically, the Global Electronic article surveillance system Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Major players
The major players in the Electronic article surveillance system Market are Hangzhou Century Co., Ltd, (China), Gunnebo Gateway (Sweden), Checkpoint Systems(U.S.), Tyco International Ltd (Ireland), Nedap (The Netherlands), Sentry Technology (U.S.), Ketec (U.S.), Universal Surveillance System (U.S), All-Tag Corporation (U.S), among others.
Market analysis
With the growing cases of shoplifting in various supermarkets, the retail industries has suffered a substantial amount of loss in terms of its revenue as well as products. Thus, the retail industry is now moving towards the purchase and installation of the anti-theft systems. The electronic article surveillance (EAS) system is one of the major techniques in controlling the anti-theft techniques for curbing the menace of shoplifting cases in supermarkets, shopping malls and retail stores. The growth in the EAS system adoption and the growing security concerns is augmenting the growth of the global electronic article surveillance market. The global electronic article surveillance system Market is projected to reach the approx. value of USD 2.02 billion by the year 2022, growing at a CAGR of 3% during the forecast period 2016 to 2022.
Market segmentation
The Global Electronic article surveillance system Market is classified on the basis of its type and end-user industry. On the basis of its type, the Electronic article surveillance system market is segmented into soft tag, hard tag, detacher or deactivator and the detection system. Based on its end-users, the market has been classified into cosmetics/pharmacy, clothing and fashion accessories, large grocery & supermarkets among others.
Regional analysis
Geographically, the Global Electronic article surveillance system Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Major players
The major players in the Electronic article surveillance system Market are Hangzhou Century Co., Ltd, (China), Gunnebo Gateway (Sweden), Checkpoint Systems(U.S.), Tyco International Ltd (Ireland), Nedap (The Netherlands), Sentry Technology (U.S.), Ketec (U.S.), Universal Surveillance System (U.S), All-Tag Corporation (U.S), among others.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
