The latest report by IMARC Group, titled “EAS Antennas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global EAS antennas market size reached US$ 316.4 Million in 2021. Electronic article surveillance (EAS) antennas are a type of system generally installed at store entrances to prevent shoplifting. They send and receive signals at a particular frequency within a specific range to detect any unpaid items in any individual’s bags or pockets. They are attached to accessories, apparel, golf clubs, handbags, liquor bottles, boxed merchandise, eyewear, shoes, and waterproof items. In recent years, the EAS antennas have gained traction as they are economical, enhance product safety, increase brand awareness, and improve the customer experience.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global EAS Antennas Market Trends:
One of the primary factors driving the market is the rapid growth in the retail sector. EAS antennas enable retailers to identify any stolen products and prevent shoplifting by detecting the passage of unauthorized items and promptly alerting the staff. Additionally, the increasing incidences of burglaries and thefts are creating a positive market outlook. Furthermore, there is a significant rise in the usage of EAS systems in the healthcare industry to cure numerous injuries, consequently strengthening the market growth. Besides this, the rising investments in improved security systems are propelling the market growth. For instance, key players are launching smart security systems that offer high stability, minimize false alarms, ultra-wide detection distance, and strong anti-interference capabilities. Looking forward, the IMARC Group expects the market value to reach US$ 387.7 Million by 2027, expanding at a CAGR of 3.54% during the forecast period (2022-2027).
- Based on the product type, the market has been segmented into RF Technology EAS, Acoustic Magnetic Technique EAS, and others. Currently, RF technology EAS represents the most popular product type.
- On the basis of the application, apparel and fashion accessories stores account for the majority of the overall market share. Other major segments are cosmetics and medical stores, supermarkets and large grocery stores, and others.
- Based on the region, the market has been classified into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), Middle East and Africa. At Present, North America holds the leading position in the market.
- The competitive landscape of the market has also been analyzed, with some of the key players being Agon Systems Ltd., CCL Industries Inc., Great Eastern IDTech Pvt. Ltd., GLOVERETAIL, Gunnebo AB, Hangzhou Century Co.,Ltd., Nedap N.V., Johnson Controls International Plc, TAG Worldwide Group Limited, and WG Security Products, Inc.
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