Given the substantial revenue losses retailers experience each year due to theft, operators in the sector continue to rely on the Electronic Article Surveillance industry to protect their inventories. Similarly, the Electronic Article Surveillance industry depends heavily on demand from the retail sector for its products, which, through a variety of means, track retail items to combat theft from customers and employees. Consequently, growth in the industry slowed during the recession as downstream retail markets faced diminished consumer spending. As the economy recovers, revenue has already expanded beyond prerecession highs; however, increased foreign competition will put pressure on industry companies to offshore production to countries with lower production costs.
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. Installation services and devices installed at the manufacturing level for purely logistical purposes (source tagging) are excluded from this report.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.