Electronic Article Surveillance Product Manufacturing in the US - Industry Market Research Report

Electronic Article Surveillance Product Manufacturing in the US - Industry Market Research Report
Electronic Article Surveillance Product Manufacturing in the US

Demand for electronic article surveillance (EAS) products has endured losses over recent years. The pandemic significantly impacted the retail sector, the largest market for these products. Stay-at-home orders and rising demand for online retailers discouraged consumers from shopping in brick-and-mortar stores, a trend that remained prominent as the economy reopened. Similarly, a falling crime rate has discouraged retailers from implementing and updating their security systems, as stores feel like theft becomes less likely. As a result, revenue has been falling at an estimated CAGR of 0.2% to $669.0 million over the past five years, including a 0.6% decline in 2023 alone.

This industry manufactures electronic article surveillance (EAS) products, which are used to help retailers protect merchandise from theft. Types of EAS technologies include magnetic, acousto-magnetic, radio-frequency and microwave systems. Installation services and devices installed at the manufacturing level for purely logistical purposes (source tagging) are excluded from this report.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.