Components (Tags, Antennas & Detachers)
By components, the tags segment is projected to capture electronic article surveillance (EAS) market share of over 64.5% by 2037. The segment’s growth is owed to the increasing adoption of source tagging in products during manufacturing which benefits retailers in efficient inventory management. Printable tags are gaining popularity owing to their versatility and adopted into various products, from clothes to electronics, contributing to the segment’s growth curve.
Additionally, there has been a surge in demand for tamper-resistant discreet tags in the pharmaceuticals and electronics sector. In February 2024, researchers at MIT launched a tamper-proof tag that can authenticate almost anything with high accuracy and is poised to be cheaper than RFIDs. Advancements in technology to manufacture anti-tampering tags that are cost-effective are poised to benefit the robust growth of the segment.
Antenna & detachers segment of the electronic article surveillance (EAS) market is poised for a profitable growth curve by the end of the forecast period. The growth is owed to the increasing adoption of antennas in stores and checkpoints to detect unauthorized arrivals. Detachers are being adopted on a large scale due to their use in deactivating or removing tags to ensure smooth customer experiences and minimize the stigma of false alarms. Additionally, technological advancements in antennas & detachers are projected to boost the growth rate. For instance, in March 2024, RFIDKNOW released the industrial RFID portal designed to be scalable for warehouses and distribution centers, with the new RFID portal designed to be easy to install and ship.
End user (Retailers, Libraries, and Commercial Entities)
By end user, the retailer segment of the global electronic article surveillance (EAS) market is poised to register the largest share during the forecast period. The growth of the segment is due to the large-scale adoption of EAS systems in the retail sector to mitigate retail shrinkage. Retails can suffer major losses from shoplifting and employee thefts, which requires robust solutions to curtail. Additionally, the rise of self-checkouts and unmanned stores has increased the need for robust EAS solutions without affecting consumer experience. For instance, Japan is partnering with Avery Denison to push for 100% unmanned stores by 2025. The segment is poised to continue to be the largest end user for advanced EAS systems and maintain a profitable growth curve by the end of the forecast period.
Our in-depth analysis of the electronic article surveillance (EAS) market includes the following segments:
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Author Credits: Abhishek Verma
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