Electronic Article Surveillance Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Electronic Article Surveillance Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : September, 2021 | Semiconductor & Electronics

Report Digest


Electronic Article Surveillance Market: Overview

The global electronic article surveillance market is projected to expand at an impressive pace, thanks to the blooming retail industry.

The electronic article surveillance is actively used by retail businesses owing to its ability to prevent retail theft. These devices consist of an electronically-detectable tag that is attached to item of clothing or merchandise. In case, the device is not removed from the cloths it triggers alarms.

TMR Research has announced to add a report on the electronic article surveillance market to its vast repository. The report is expected to offer an in depth analysis of the industry with all important segments. Along with this, the report will help users with several vital data that will help indicating growth and latest trend in the electronic article surveillance market during the forecast period.  

Electronic Article Surveillance Market: Notable Developments

Some of the recent development in the electronic article surveillance market are-

Players in the electronic article surveillance market are offering customized anti-theft tags for different types of items. For instance, different type of anti-theft tags for foods, hanging items, cloths. This will help retailers secure different types of items avaible in the store.  This is expected to offer favorable gains to the players.

Some of the most prominent competitors operating in the competitive landscape of electronic article surveillance market include –

  • Checkpoint Systems
  • Johnson Controls
  • ALL-TAG Corporation
  • Amersec
  • TAG Company
  • Ketec
  • WG Security Products
  • Softdel
  • Shenzhen Emeno Technology

These players are adopting organic growth strategies such as mergers and accusations and market collaboration in order to stay ahead in the electronic article surveillance market in the coming few years.

Electronic Article Surveillance Market: Key Trends

The global electronic article surveillance market is expected to rise at a healthy pace from 2018 to 2028.  This is mainly due to the booming retail sector. Increase in spending power, rise is global population and increase in number of retail step up are some of the prominent factors expected to drive the global electronic article surveillance market. In addition to this, surge in urbanization and industrialization are some other factors expected to offer a substantial response on the growth of the electronic article surveillance market. This is because urbanization and industrialization has a direct impact on the growth in number of retail growth.

However, despite several opportunities and drivers, growth in the electronic article surveillance market is hampered due to shifting consumer preference towards the ecommerce industry. Trade in ecommerce market is executed from online medium and hence does not need retail store.

Nevertheless, increase in construction of shopping malls coupled with rise in number of mega marts are expected to overcome the mentioned restraint factor and offer a significant boost to the global electronic article surveillance market during the forecast period.

Electronic Article Surveillance Market: Regional Outlook

On the basis of geography, the electronic article surveillance market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.  Among all these regions, Asia Pacific is expected to hold maximum share in the electronic article surveillance market. This is mainly due to the rise in commercial restate construction along with unprecedented increase in urbanization and industrialization in the region.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?