$669.0m
$XX.Xm
1,719
48
$XXX.Xm
Demand for electronic article surveillance (EAS) products has endured losses over recent years. The pandemic significantly impacted the retail sector, the largest market for these products. Stay-at-home orders and rising demand for online retailers discouraged consumers from shopping in brick-and-mortar stores, a trend that remained prominent as the economy reopened. Similarly, a falling crime rate has discouraged retailers from implementing and updating their security systems, as stores feel like theft becomes less likely. As a result, revenue has been falling at an estimated CAGR of 0.2% to $669.0 million over the past five years, including a 0.6% decline in 2023 alone.The largest threat to the industry is the growth of e-commerce, as a rise in online sales weakens the need for security systems in stores. However, this change in preferences is expected to boost demand from the manufacturing sector, particularly as more companies implement EAS systems into their supply chain. Imports have also negatively impacted demand for domestic EAS products, as a strong dollar and lower operating costs overseas make them more affordable for buyers. Manufacturers have also faced significant input price volatility, as supply chain disruptions and elevated demand for manufactured products led to significant price increases for metals, plastics and electronic components. This volatility, alongside a strong focus on research and development, has caused profit to weaken.Improving economic conditions are expected to lead to growing revenue. As disposable income rises, demand for retailers is expected to expand, boosting a need for EAS products. A recovering global economy is likely to lead to the depreciation of the dollar, enabling exports to become more attractive and weakening demand for imported products. However, revenue growth is expected to slow toward the later portion of the next five years, mainly due to the significant threat of internet-based retailers. Overall, revenue is anticipated to increase slightly, rising at a CAGR of 0.7% to $693.4 million over the upcoming five years.
Industry revenue has declined at a CAGR of 0.2 % over the past five years, to reach an estimated $669.0m in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Honeywell International Inc. | 223.1 | 34.7 | 15.6 | |
Checkpoint Systems Inc. | 100.0 | 13.4 | 13.4 | |
Johnson Controls International Plc | 48.9 | 1.5 | 3.1 |
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Industry revenue is measured across several distinct product and services lines, including Radio-frequency systems, Acousto-magnetic systems and Electromagnetic (magnetic) systems. Radio-frequency systems is the largest segment of the Electronic Article Surveillance Product Manufacturing in the US.
Radio-frequency systems remain the most popular product
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 systems. Installation services and devices installed at the manufacturing level for purely logistical purposes (source tagging) are excluded from this report.
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NAICS 33429 - Electronic Article Surveillance Product Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Changes in consumer behavior have weakened demand for EAS products. As more consumers continue to opt for online retailers, demand for security at traditional stores is likel...
Learn about an industry's products and services, markets and trends in international trade.
Retailers generate the most revenue. The high foot traffic experienced by retailers makes them susceptible to theft, boosting a need for electronic article surveillance produ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Remaining near major buyers is important for manufacturers. However, this trend is weakening as most products are easy to transport.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Producers face some competition from alternative theft deterrents, such as cameras and security guards. However, these products and services cannot fully substitute electroni...
Learn about the performance of the top companies in the industry.
Major manufacturers continue to rely on acquisitions. This enables producers to expand their market share and their product offerings, creating opportunities to enter new mar...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Manufacturers rely heavily on patents. Producers protect their products and intellectual property through patents, preventing other manufacturers from producing generic copie...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Producers focus heavily on new product development. This leads to a high need for research and development activities, driving wage costs higher.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Electronic Article Surveillance Product Manufacturing in the US industry in United States is $669.0m in 2024.
There are 48 businesses in the Electronic Article Surveillance Product Manufacturing in the US industry in United States, which has grown at a CAGR of 2.2 % between 2018 and 2023.
The market size of the Electronic Article Surveillance Product Manufacturing in the US industry in United States has been declining at a CAGR of 0.2 % between 2018 and 2023.
Over the next five years, the Electronic Article Surveillance Product Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Electronic Article Surveillance Product Manufacturing market in United States are Honeywell International Inc., Checkpoint Systems Inc. and Johnson Controls International Plc
Manufacturing radio-frequency EAS systems and Manufacturing acousto-magnetic EAS systems are part of the Electronic Article Surveillance Product Manufacturing in the US industry.
The company holding the most market share in United States is Honeywell International Inc..
The level of competition is moderate and increasing in the Electronic Article Surveillance Product Manufacturing in the US industry in United States.