What is the market size of the EAS electronic commodity anti-theft system industry?
The latest survey predicts that the EAS electronic commodity anti-theft system market will grow from USD 1.723 billion in 2018 to USD 2.156 billion in 2026, with a CAGR of 2.80% over the forecast period. Supermarket anti-theft, clothing anti-theft, book theft reports of shoplifting or shoplifting incidents, increased retail market profits, increasing demand for better product management, logistics control and customer experience, which has increased profit margins, and The emergence of stores, walk-in shopping malls has replaced traditional stores, and the need for better product anti-theft systems to cope with various industries and applications targeted at theft are some of the market's driving factors.
High initial investment and low-cost alternatives to the EAS commodity anti-theft system available on the market may limit the development of the electronic commodity anti-theft system market. The EAS system is an anti-theft technology that prevents shoplifting by attaching electronic detectable tags to products. Whenever an unbilled item passes through the store's door, the retailer is alerted via an electronic door sensor. The market can be segmented by end user, EAS component and EAS system type. EAS system types include magnetic systems, acoustic magnetic systems, radio frequency systems, and microwave systems. The magnetic system consists of amorphous metal strips and is detected with the help of the transmitter and receiver. EAS components include an electronic antenna, a deactivator or remover, and an electronic tag. The antenna has an electronic circuit board system that alerts when an electronic tag passes through it. EAS systems are used in clothing and fashion accessories stores, cosmetics and pharmaceuticals, supermarkets and large grocery stores. Employees with easy access to inventory stores often steal retail merchandise. The department currently reports the highest retail shrinkage.
Therefore, it is necessary to install the EAS system in these retail stores. As pickpockets focus on small, easy-to-hide items, cosmetics and pharmacies are more vulnerable to retail influence. These products include creams and perfumes as well as pharmaceutical products such as fevers, colds and coughs, and antibiotic drugs. Supermarkets and large grocery stores install EAS to manage their inventory and prevent theft of all types of products.
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