Industry Outlook and Trend Analysis
The global EAS Systems Market was has encountered significant development in the recent years on account of its various health benefits and is foreseen to witness tremendous growth in the following years. Owing to increasing retail shrinkage globally the market is anticipated to encounter considerable growth. Retail shrinkage has prompted huge losses for several retailers. Expanding retail industry is foreseen to positively affect the market growth. Shoplifting has likewise progressed in these years as thieves are discovering ways to misuse the technology and steal products intelligently. This has urged numerous retailers to implement enhanced anti-theft techniques, for example, EAS systems to shield their products from shoplifting.
Component Outlook and Trend Analysis
On the basis of components the EAS systems market is segmented into electronic antenna, deactivator or detacher and electronic tag. Antenna consists of an electronic circuit board system which sounds alarm as the electronic tags passes by it. This system is extremely beneficial in clothing stores and hekps to avoid theft.
System Type Outlook and Trend Analysis
On the basis of system type the EAS systems market includes acousto-magnetic systems, magnetic systems, radio frequency systems and microwave systems. Magnetic systems are composed of strip of amorphous metal and detection is obtained with the help of receiver and transmitter.
End User Outlook and Trend Analysis
EAS systems are being used as a part of cosmetics and pharmaceuticals, apparel and fashion accessories stores, and supermarkets and large grocery stores. Workers having convenient access to stock store regularly take retail products. This section exhibits for the most elevated retail shrinkage as of now. Therefore, it is important to introduce EAS systems in these retail outlets. The cosmetics and pharmaceutical stores are more prone to retail shrinkage as shoplifters concentrate on little and effortlessly concealable things. These products incorporate face creams and fragrances and additionally pharmaceutical items, for example, medicines for fever, cough and cold. Supermarkets and grocery stores implement EAS for dealing with their inventories and averting robberies of all kinds of products.
Regional Outlook and Trend Analysis
North America, Europe and APAC ruled the market as of late by virtue of expanding corrective and pharmaceutical retail locations and also general stores and large supermarket. As per yearly Global Retail Theft Barometer, Europe and UK retailers lost a gigantic amount to shoplifting in 2014, with accessories, lingerie, wine, fresh meat and razor blades. Expanding establishment of EAS systems in UK and Europe is foreseen to drive the Electronic Article Surveillance System Market over the gauge time frame.
The leading players in the market are Sentry Technology, ALL-TAG Security Americas Inc, Tyco Retail Solutions, Ketec Inc, Tekno Electro Solutions Pvt Ltd, Checkpoint Systems and Nedap. The major players are widening their product line with the aim to retain their market shares.
The EAS systems market is segmented as follows-
By System Type:
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?