Electronic Article Surveillance (EAS) Market registered a profitable valuation of USD 1.8 billion in 2024 and is poised to reach USD 3.5 billion in 2037, expanding at a profitable CAGR of 4.9% during the forecast period, i.e., 2025-2037. In 2025, the industry size of electronic article surveillance (EAS) is evaluated at USD 1.9 billion. The growth of the market is attributed to the increasing number of retail stores around the world and rising cases of retail theft. The demand for surveillance systems in the retail ecosystem is surging and EAS technology is positioned to address the pain point by efficiently detecting unauthorized removal of items across apparel stores, supermarkets, department stores, etc.
A major driver of the global electronic article surveillance sector is the increasing percentage of retail shrinkage affecting inventories of businesses. In September 2023, the National Retail Foundation estimated a whopping USD 112 billion worth of losses associated with theft in the retail industry of the U.S. This drives the demand for robust EAS systems to mitigate undue losses in inventory by providing robust security solutions. Advancements in EAS systems such as video surveillance and RFID locks systems can expand applications of EAS to utility management and analytics, further boosting the electronic article surveillance (EAS) market’s growth. Additionally, the integration of EAS systems with Internet of Things (IoT) sensors is positioned to improve their effectiveness and increase adoption across various retail channels.
The surge in e-commerce and omnichannel retailing is boosting the necessity for security measures in stores and warehouses, leading to greater demand for EAS systems. The growth of organized retail in emerging economies in Asia Pacific and Africa opens up new opportunities for EAS manufacturers. Additionally, the growing adoption of source tagging at the manufacturing stage allows accurate detection of theft benefiting retailers. With a growing threat of inventory losses due to theft, sectors such as healthcare are also poised to integrate EAS solutions increasing opportunities for the key market players. As investments to improve the surveillance systems grow and the efficacy of EAS improves, the global electronic article surveillance (EAS) market is poised to increase its revenue share by the end of the forecast period.
Author Credits: Abhishek Verma
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