The anticipated global AM EAS detection system market size is poised to reach USD XX. XX Billion by 2024, with a projected escalation to USD XX.XX Billion by 2032, reflecting a compound annual growth rate (CAGR) of X.X% during the forecast period (2024-2032). 

An electronic article surveillance (EAS) system that uses acousto-magnetic (AM) technology is one way to stop stealing in retail establishments. The mechanism by which the system operates is the combination of magnetic and acoustic energy to identify the existence of security tags embedded in goods. The high sensitivity of AM technology from eSSL is one of its primary benefits. It is a powerful deterrent for shoplifters as they can identify security tags at a distance of several meters. Retailers can save money by using eSSL's (Expert of Security & Surveillance Legend) AM systems as they are also reasonably priced to maintain and install. Three primary parts make up the AM system: security tags, a receiver, and a transmitter. The security tags detect a high-frequency electromagnetic field emitted by the transmitter. A security tag emits a particular acoustic frequency that is detected by the receiver when it comes into contact with an electromagnetic field. The technology alerts store staff to a potential theft attempt by sounding an alarm if the acoustic frequency matches the one programmed into the receiver. Electronic article surveillance has emerged as one of the most widely used and successful strategies for preventing theft of priceless retail goods since the 1960s. It is expected that nearly three quarters (73%) of shops use electronic article surveillance due to the frequency that it is used. Electronic article surveillances detection ability and aesthetic appeal have significantly improved over the previous 40 years, and a variety of tags and pedestals are now available to fit any setting. The Association of Automated Identification Manufacturers reports that more than 800,000 EAS systems have been installed globally, mostly in retail settings. By these installations of the EAS systems all over the world lead to a more growth of the market.

Market Dynamics:

Drivers:

The rise in number of retail stores globally drives the growth of the AM EAS detection system market. The need for efficient loss prevention solutions, such as AM EAS systems, is increasing as the retail industry grows. This holds true for a variety of store kinds, such as grocery stores, electronics stores, clothes store, and more. Retailers are always searching for methods to improve security and reduce theft. AM EAS systems provide a trustworthy and validated approach to detecting theft. Compared to other EAS technologies, AM systems have a broader detection area, which makes them appropriate for larger store layouts. As AM EAS systems are typically less expensive than alternative solutions like Radio-Frequency Identification (RFID), a greater variety of retailers can use them. Hard tags, which are attached to the clothes that are harder to remove than soft tags and they are frequently used in AM systems, discourage theft attempts even more. In 2022, 4,600 new retail outlets are opened, or approximately 12 each day. In comparison to 2021, the number has increased by 44%. Due to all these factors the market is expected to grow in the upcoming years.

Restraint:

The high installation cost may hamper the growth of the AM EAS detection system market. The initial costs of equipment like as antennae, control panels, and tags are high which are necessary for the installation of an AM EAS system. This can put a heavy financial strain on retailers, particularly smaller ones or those with tighter finances. Retailers must compare the initial installation cost to the possible return on investment (ROI). Retailers may choose to use other security measures or postpone adoption if the alleged benefits, such as decreased shrinkage, do not exceed the initial expenses. Smaller stores with thinner profit margins are disproportionately impacted by the high installation costs. They might put more emphasis on manual surveillance or other security measures, which could make them more susceptible to theft.

Opportunity: 

The increasing development in the advanced detection systems creates a lucrative opportunity for the growth of the market. Modern systems have better detection accuracy, which increases the likelihood of successfully apprehending thieves and lowers the number of false alerts. Better merchandise protection and an effective loss prevention plan result from this. These systems use numerous frequencies, which makes it more difficult for thieves to use easily obtained jamming devices to shield tags or evade detection. Point-of-sale and inventory management systems are just two examples of the retail technology that advanced AM EAS systems may interface with. This makes it possible to analyse data, trace lost or stolen property, spot suspect patterns, and gain important insights into current trends in loss prevention. Data from AM EAS systems can be analysed by artificial intelligence, which can also be used to detect people who have a history of larceny and forecast future theft attempts based on prior trends.

Challenge: 

AM EAS systems are intended to identify stealing, commonplace objects like metal belt buckles or specific technological devices. Commonplace metal items such as underwire bras, denim buttons, and zippers can produce a signal that resembles an EAS tag that has been deactivated. This can be particularly troublesome for people who wear a lot of metal jewellery or have medical implants. Items packaged in aluminium foil may also set off false alarms. False alarms that happen frequently can be annoying for both customers and store employees. All these factors are the challenges for the market growth.

Key Players:

• ControlTek USA
• InStore Security
• Bullseye Protection
• Yasen Electronic
• Detasec 
• eSSL Security
• De Tag Industry
• Amersec
• MTC EAS
• Mighty Cube

Recent Development:

• In October 2022, Detasec has launched a brand-new 2.0 m Eas am system, which includes DYNA T40, PURA P60, and METL L2, has been released. They have an acrylic frame, plastic, and aluminum construction not only stunning but also robust. With the new A2000 2.0m AM board that the company has given, from that the company can operate the device in a variety of challenging working situations with great performance. Additionally, it has a Wi-Fi remote function.

• In August 2021, Detasec has launched newly designed Eas Antennas. The new tool offers supermarket retailers a cautious yet effective loss prevention solution. The PURA line features a rimless design, elegant and sophisticated base design, and premium acrylic materials. In contrast to the classic elegant appearance, the DYNA series uses plastic material. Its sense of lines is stronger. For greater convenience, the antennas have an A1800 motherboard, software debugging, and Wi-Fi remote debugging.

Segment Insights:

The global AM EAS detection system market is segmented by various factors offering insights into specific areas. By type, hanging detection system is dominating one. Hanging detecting systems can be used in bathrooms, hallways, and bedrooms, among other spaces with higher ceilings. This increases its adaptability to a variety of environments, such as residences, medical facilities, and prisons. Compared to floor-standing systems, hanging detection systems are usually less noticeable as they are positioned on the ceiling. This may play a significant role in preserving a less institutionalized and sterile atmosphere.

Regional Insights: 

North America region holds the dominant market share in AM EAS Detection System Market. As EAS systems are being used in retail establishments and shopping centres more and more. The demand for EAS systems in this region is being driven by the growing organized retail sector and growing worries around inventory shrinkage. Due to the rapid growth of the retail sector and the growing public awareness of retail security solutions, China is anticipated to hold a higher part of the market. Furthermore, the strict requirements that regional governing bodies have set on retail loss prevention are expected to drive significant growth in the European industry.

Segmentation:

By Type

• Hanging Detection System 

• Floor-Standing Detection System

By Application

• Large Supermarket 

• Retail Store

By Region

North America

• USA

• Canada

• Mexico

Europe

• France

• UK

• Spain

• Germany

• Italy

• Rest of Europe

Asia Pacific

• China

• Japan

• India

• South Korea

• Rest of Asia Pacific

Middle East & Africa

• GCC

• South Africa

• Rest of the Middle East & Africa

South America

• Brazil

• Argentina

Rest of South America