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Electronic Article Surveillance (EAS) Tag Market Size and Market Trends: Complete Industry Overview (2024 to 2031

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Market Overview and Report Coverage

An Electronic Article Surveillance (EAS) Tag is a small electronic device used in retail stores to prevent theft by alerting staff when an item with an activated tag is taken out of the store without being deactivated. These tags are commonly used on items such as clothing, electronic gadgets, and accessories.

The future outlook of the Electronic Article Surveillance (EAS) Tag Market looks promising, with a projected growth rate of % during the forecasted period. The market is expected to witness significant growth due to the increasing adoption of EAS technologies by retailers worldwide to combat theft and reduce inventory shrinkage. Additionally, the rise in organized retail crime and the need for advanced security solutions are driving the demand for EAS tags in the market.

The current market trends in the Electronic Article Surveillance (EAS) Tag Market include the development of innovative and technologically advanced EAS tags that offer better security features and increased operational efficiency for retailers. Moreover, the integration of EAS systems with other retail technologies like RFID and IoT is expected to further fuel market growth in the coming years. Overall, the Electronic Article Surveillance (EAS) Tag Market is poised for steady growth and technological advancements in the near future.

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Market Segmentation

The Electronic Article Surveillance (EAS) Tag Market Analysis by types is segmented into:

  • Hard Tag
  • Soft Tag
  • Permanent Deactivation Tags

 

Electronic Article Surveillance (EAS) tags are security devices used to prevent theft in retail stores. The market includes three main types of tags: Hard tags are durable and reusable, Soft tags are disposable and more cost-effective, and Permanent Deactivation Tags are designed to be deactivated at the point of sale. Each type serves a specific purpose in retail security, allowing businesses to protect their merchandise while also providing a seamless shopping experience for customers.

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The Electronic Article Surveillance (EAS) Tag Market Industry Research by Application is segmented into:

  • Clothing &Fashion Accessories
  • Cosmetics/Pharmacy
  • Supermarkets & Large Grocery
  • Others

 

The Electronic Article Surveillance (EAS) Tag Market is utilized in various industries such as Clothing & Fashion Accessories, Cosmetics/Pharmacy, Supermarkets & Large Grocery, and others. In the clothing and fashion accessories sector, EAS tags are used to prevent theft and protect merchandise. In cosmetics/pharmacy, EAS tags help reduce shrinkage and enhance security. Supermarkets & large grocery stores also use EAS tags to prevent shoplifting. Additionally, EAS tags are applied in other industries to safeguard valuable items and minimize loss.

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In terms of Region, the Electronic Article Surveillance (EAS) Tag Market Players available by Region are:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

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What are the Emerging Trends in the Global Electronic Article Surveillance (EAS) Tag market?

The global EAS tag market is experiencing several emerging and current trends. One trend is the increasing adoption of RFID technology in EAS tags, providing more advanced security features and real-time tracking capabilities. Another trend is the rise of omnichannel retailing, driving the demand for EAS tags that can work across different sales channels. Additionally, there is a growing focus on sustainability, leading to the development of eco-friendly EAS tags. Moreover, the integration of artificial intelligence and machine learning technologies in EAS systems is gaining traction, improving the accuracy and effectiveness of theft prevention measures.

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Major Market Players

The Electronic Article Surveillance (EAS) Tag market is primarily dominated by players such as Checkpoint Systems, Tyco Retail Solutions, Nedap, Hangzhou Century, Gunnebo Gateway, Sentry Technology, Ketec, All Tag, and Universal Surveillance Systems. These companies offer a range of EAS tag solutions such as RFID tags, AM tags, and EM tags for retail loss prevention.

Among the key players, Checkpoint Systems and Tyco Retail Solutions are leading providers in the EAS tag market due to their wide range of product offerings and global presence. Checkpoint Systems, for example, has been focusing on developing innovative solutions such as RFID-based EAS tags that provide real-time inventory visibility and analytics for retailers. Tyco Retail Solutions, on the other hand, offers a comprehensive suite of EAS tag solutions integrated with video surveillance and inventory management systems.

In terms of market growth, the EAS tag market is expected to witness significant growth due to the increasing adoption of retail EAS solutions to combat theft and shoplifting. The market size is estimated to reach USD billion by 2025, with a CAGR of over 3.5% during the forecast period.

As for sales revenue, Checkpoint Systems reported revenue of USD 849 million in 2020, while Tyco Retail Solutions reported revenue of USD 700 million. Nedap, another key player in the market, reported revenue of USD 257 million in the same year.

In terms of trends, the EAS tag market is witnessing a shift towards smart EAS solutions that combine RFID technology with sensors and data analytics for enhanced security and inventory management. Additionally, the integration of EAS tags with cloud-based platforms is gaining traction among retailers for real-time monitoring and remote management of their EAS systems.

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