This market research study presents a detailed segmentation of the global EAS Antennas market by end-user (apparel and fashion accessories, cosmetics and pharmaceuticals, supermarket and large grocery stores, and others) and by geography (APAC, Europe, North America, and ROW). The key vendors identified in the market are Checkpoint Systems, Nedap, and Tyco Retail Solutions.
Technavio’s market research analysts estimate the global EAS Antennas market to grow at a CAGR of 3% between 2016 and 2020. Electronic article surveillance (EAS) systems include EAS devices and EAS tags such as disposable, reusable, and benefit denial tags, as well as deactivators and detachers. The EAS antennas market has immense growth opportunities due to the increasing penetration of these devices in the retail outlets. Most retailers are adopting EAS technology not just for stock management but to intensify their omni-channel tactics. North America is the largest revenue-contributing region in this market, due to the early adoption of EAS antennas in the region.
The new market research report from Technavio provides a breakdown and analysis of the EAS Antennas segments by technology.
“The market is expected to witness increased spending on retail security systems over the predicted period. To meet security challenges and curb shoplifting, retailers are adopting new tools and technologies such as EAS antennas and systems. For instance, in 2014, Family Dollar Stores and TESCO adopted Checkpoint EAS systems for loss prevention. Therefore, the increasing adoption of EAS antennas by retailers to reduce theft and increase their overall profit margin will further contribute to the growth of this market until the end of 2020,” says Asif Ghani, Lead Analyst, Semiconductor, Technavio Research
Currently, the apparel and fashion accessories segment is the largest revenue contributor to the global EAS antennas market, occupying around 47% of the overall market share. Factors such as the presence of a vast number of dedicated retail outlets across the globe will propel this market segment’s growth prospects over the forecast period.
Apparel and fashion accessories segment 2015-2020 ($ millions)
Source: Technavio, 2016
The leading players in the global EAS antennas market include Checkpoint Systems, Nedap, and Tyco Retail Solutions. The market is highly competitive for new entrants and small vendors owing to the strong positions held by the leading suppliers in the market. In 2015, Checkpoint Systems, and Tyco Retail Solutions together accounted for almost 80% of the market. The competition is expected to intensify with vendors adopting new technologies and coming out with extra features to gain a competitive edge over other market players.
A more detailed analysis is available in the Technavio report, Global EAS Antennas Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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