United State – Global EAS Systems Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider EAS Systems market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global EAS systems market size was US$ 1.99 billion in 2021. The global EAS systems market is forecast to grow to US$ 3.1 billion by 2030, registering a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2022 to 2030.
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EAS frameworks are installed in retail stores to ensure the safety of the products. These labels are constantly attached to products in various stores. They only get deactivated by assistants once the items have been properly purchased or checked out via the EAS system.
Factors Influencing the Market
A rising case of theft at retail stores and outlets is the prominent factor driving the growth of the global EAS systems market. In addition, a growing number of investments in the EAS systems will contribute to the market growth during the forecast period.
Integration of Radio-frequency identification (RFID) with EAS system will gain traction in the coming years. Thus, it will contribute to the growth of the market.
The high installation cost associated with EAS systems may limit the growth of the electronic article surveillance (EAS) system industry. On the contrary, growing urbanization and the increasing number of shopping malls and retail stores will prompt the growth of the EAS systems market during the forecast period.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic negatively affected the global EAS systems market, owing to the stringent lockdown regulations in various emerging economies. Retail stores suffered significant losses due to strict government restrictions. Thus, it hampered market growth. In addition, people started adopting online ways to shop for regular needs. Thus, it was a significant challenge for the global EAS systems market.
Regional Analysis
North America is forecast to dominate the global EAS market in terms of revenue. The growth of the market is attributed to the increasing number of retail stores in the region. Furthermore, rising theft and security concerns are forecast to contribute to the growth of the global EAS systems market during the study period.
Asia-Pacific EAS systems market is estimated to grow due to growing urbanization and rising population. In addition, the increasing number of retail stores and rising theft cases will contribute to the growth of the EAS systems market during the study period.
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Competitors in the Market
- Tyco Retail Solutions
- Checkpoint Solutions
- All Tag Corporation
- Ketec
- Nedap
- Sentry Technology
- Wg Security Products
- Safegear
- Gunnebo Gateway
- Agon Systems
- Other Prominent Players
Market Segmentation
The global EAS system market segmentation focuses on Component, Technology, End-User, and Region.
EAS System Market, by Component:
- Tags
- Antennas & Detachers
EAS System Market, by Technology:
- Video Wall
- Acousto-Magnetic
- Electro Magnetic
- Radio Frequency
- Microwave
EAS System Market, by End User:
- Apparel and Fashion Accessories Stores
- Supermarkets and Mass Merchandise Stores
- Drug and Health Product Stores
- Others
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EAS System Market, By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key questions answered in the global EAS Systems market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the EAS Systems market over the forecast period?
- What are the factors driving and restraining the market for EAS Systems?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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