Global Electronic Article Surveillance Market was worth US$ 1.12 Bn. in 2020 and total revenue is expected to grow at a rate of 3.6 % CAGR from 2021 to 2027, reaching almost US$ 1.43 Bn. in 2027.
Electronic Article Surveillance Market Overview:
This report discusses the market growth drivers and obstacles for the manufacturer, as well as a review of the significant trends in the market's business strategies, procedures, and financially sound and expand approach. Customization is also possible to meet the needs of individual customers, as well as a complete understanding of market potential. The Electronic Article Surveillance Market provides a comprehensive overview of the market's competitive landscape and main merchants. This report can assist with structural planning in light of current industry conditions.
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Market Scope:
According to the forecast period 2021-2027, the Electronic Article Surveillance market is expected to grow at a steady rate of xx % between 2021 and 2027. The market is estimated to increase in the forecast period of 2021, as key industry players continue to complete projects.
This report includes a value-based analysis and forecast for the Electronic Article Surveillance market. This study and analysis of market drivers, constraints, and opportunities impacting the growth of the Electronic Article Surveillance Market is included in this report. Electronic Article Surveillance Market segmentation has been provided based on type, source, end-user, and geography (country-wise). The scope of the study included a strategic analysis of the Electronic Article Surveillance market in terms of individual growth trends, future prospects, and the contributions of key sub-market stakeholders. Electronic Article Surveillance Global market analysis and forecasts for five key regions: North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, as well as country-by-country segmentation. The profiles of main industry participants, as well as their strategic perspectives, market positioning, and analyses of core competencies, are included. The top companies participating in the Electronic Article Surveillance Market are also profiled in terms of their competitive advancements, investments, strategic expansion, and competitive landscape.
Electronic Article Surveillance Market Segmentation:
Based on Type, the market is segmented into Magneto-harmonic, Acousto-magnetic, Radiofrequency, and Microwave. The electronic article surveillance market is now dominated by RF technology and this trend is projected to continue over the forecast period. The increasing use of RF technology-based components in end-users such as apparel and fashion accessories stores, supermarkets, and mass merchandise stores, and pharmacy and health product stores are driving the rise of RF technology. Furthermore, RF technology offers crucial characteristics such as ultra-long detection range, ease of installation and operation, low false alarm rate, strong anti-interference ability, and high stability and durability, all of which contribute to the market's dominance.
Based on Application, the market is segmented into Clothing and fashion accessories, Cosmetics, Supermarkets, and mass merchandise, and others. Supermarkets and mass merchandisers have been transitioning into smart stores in recent years in order to provide a better shopping experience. Many store operators are adopting new technologies in their supply chain as well as in their storefronts to keep up with the pace of changing shopping behavior and the emergence of new trends, allowing them to test new delivery models, develop private labels, and form partnerships with leading internet connectivity providers to expand their market presence. In the future years, the performance of the supermarket and mass merchandise sectors is expected to improve even further.
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Electronic Article Surveillance Market Key Players:
• Johnson Controls International plc
• CCL Industries, Inc.
• All Tag Corporation
• Ketec, Inc.
• Sentry Technology Corporation
• WG Security Products, Inc.
• SafeGear ApS.
• Gunnebo Gateway AB
• Agon Systems Ltd.
• Tyco Retail Solutions
• Checkpoint Solutions
• Nedap
• Universal surveillance system
• Hangzhou Century Co. Ltd (China)
• Sentry Technology
•
Regional Analysis:
The Electronic Article Surveillance market is organized into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America.
COVID-19 Impact Analysis on Electronic Article Surveillance Market:
The globe has reached the end of the COVID-19 pandemic's recovery phase. In light of the current economic scenario, Maximize Industry Research has launched the Electronic Article Surveillance Market Status, Trends, and COVID-19 Impact Report 2021, which provides a comprehensive look at the Electronic Article Surveillance market.
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