ReportsnReports.com adds Global EAS Antennas Market 2016-2020 latest research report, Source tagging is adopted by retailers to reduce instances of theft and fraud. The EAS tags used in source tagging are installed at the manufacturing source and recirculated from the retail store. This recirculation helps curtail store payroll costs, increase sales, and safeguard reliability in each store (from store operations to merchandise displays). It also increases the time spent on customer service. The analysts forecast global EAS antennas market to grow at a CAGR of 3.71% during the period 2016-2020.
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According to the EAS Antennas market report, growth of retail sectors in developing countries is one the major drivers in the market. The organized retail sector in the developing markets, especially Brazil, Russia, India, and China (BRIC), is undergoing a transformation. Growth in the young population and nuclear families in urban areas, along with the increasing number of working women in emerging countries such as India, Malaysia, Singapore, and Thailand, have driven growth in the retail market.
Segmentation by end-user and analysis of the EAS antennas market
Apparel and fashion accessories
Cosmetics and pharmaceuticals
Supermarket and large grocery stores
During 2015, the apparel and fashion accessories segment was the largest revenue contributor to the global EAS antennas market and accounted for close to 47% of the 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.
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During 2015, North America dominated the global EAS antennas market, accounting for a market share of close to 38%. Moreover, the analysts have estimated North America to continue to dominate the market due to the early adoption of EAS antennas in the region.
The global EAS antennas 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.
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Key players in the Global EAS Antennas market: Checkpoint Systems, Inc., Nedap N.V., and Tyco Retail Solutions.
Other Prominent Vendors in the market are: All-Tag, Amersec, CNC International, Gunnebo Gateway, Hangzhou Century, Ketec, Sentry Technology, and TAG Company.
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