Technavio’s EAS Antennas Market Report identifies rising investments in retail safety methods as the primary driver
NEW YORK, March 16, 2021 / PRNewswire / – Technavio’s EAS Antenna Market Report Forecast $ 28.03 million Growth in 2020-2024. In the midst of a pandemic, the EAS antenna market posted year-over-year growth of (1.35)% in 2020 and is expected to accelerate at a CAGR of nearly 2% over the forecast period.
EAS Antenna market size has the potential to grow by $ 28.03M in 2020-2024
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The report provides an in-depth analysis of recent developments, changes in market regulations, product approvals, product launches and market behavior in segments such as Applications (Apparel and Fashion Accessories, Cosmetics and Pharmaceuticals, Supermarkets and Large Grocery Stores, etc., Retail Stores) and Geography (North America, Europe, APAC, MEA and South America). This report helps companies develop strategies to make the most of future growth opportunities.
You can find a free sample report here: www.technavio.com/talk-to-us?report=IRTNTR43309
“Increased investment in retail security systems will be critical to the growth of the EAS antenna market. The growing youth population and the growth of the retail sector also offer significant opportunities for vendors over the forecast period,” said a Technavio analyst.
The increasing frequency of shoplifting is forcing retailers to deploy security systems such as EAS antennas to prevent shoplifting and improve operational efficiency. Prominent retailers like Walmart Stores, TESCO, Target, and Home Depot have already invested heavily in EAS antennas to help ease retail shrinkage. With the growing focus on improving inventory management and improving the customer’s shopping experience, the adoption of EAS systems will increase over the forecast period.
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EAS Antenna Market: Segmentation Analysis
Segmentation by application:
Depending on the application, the traffic jam segment led the market in 2019.
The apparel and fashion accessories segment is expected to generate maximum revenue in the market due to the increasing number of retail stores selling apparel and fashion accessories.
The increasing use of EAS tags in clothing stores should also contribute to the growth of the clothing and fashion accessories segment during the forecast period.
The market growth in the clothing and fashion accessories segment will be significant in the forecast period.
Segmentation by geography:
The story goes on
35% of the market growth will come from APAC and the region will offer multiple opportunities to market vendors over the forecast period.
Factors such as the growing middle class population in countries like India, China, Singapore, and IndonesiaCoupled with the high demand from landlocked and small towns, the EAS antenna market in APAC will continue to grow.
China and Japan are the key markets for EAS antennas in APAC.
EAS Antennas Market: main provider
The EAS antenna market is concentrated due to the presence of fewer providers. The report provides detailed information on the competencies, capacities and products offered by major vendors including Agon Systems Ltd., CCL Industries Inc., Century Retail Europe BV, Dialoc ID Products BV, Gunnebo Gateway AB, Hangzhou Century Co. Ltd ., Hangzhou Ontime IT Co. Ltd., Johnson Controls International Plc, Mighty Cube Co. Ltd. and Nedap NV.
Further details: www.technavio.com/report/eas-antennas-market-industry-analysis
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