Electronic Article Surveillance Product Manufacturing in the US - Market Research Report (2013-2028)
New York, United States
Last Updated: September 2023
NAICS OD5723Revenue
$669.0m
Past 5-Year Growth
Profit
$XX.Xm
Employees
1,719
Businesses
48
Wages
$XXX.Xm
Electronic Article Surveillance Product Manufacturing in the US industry analysis
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.
Trends and Insights
- 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 likely to weaken, harming revenue.
- Retailers generate the most revenue. The high foot traffic experienced by retailers makes them susceptible to theft, boosting a need for electronic article surveillance products.
- Remaining near major buyers is important for manufacturers. However, this trend is weakening as most products are easy to transport.
- Producers face some competition from alternative theft deterrents, such as cameras and security guards. However, these products and services cannot fully substitute electronic article surveillance products.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 0.2 % over the past five years, to reach an estimated $669.0m in 2023.
Trends and Insights
Consumers increasingly favor online retailers
- Men's and women's clothing stores, the largest consumers of Electronic Article Surveillance (EAS) products, have seen a decline in sales amid weakening consumer spending and rising inflation.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The growing popularity of online retailers is likely to cause major markets to shift
- Improving economic conditions are expected to lead to rising disposable income. When consumers feel confident about the future of the economy, they are more likely to boost spending on new clothing and other nonessential items.
Biggest companies in the Electronic Article Surveillance Product Manufacturing in the US
| Company | Market Share (%)
2023 | Revenue ($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 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
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.
Trends and Insights
Radio-frequency systems remain the most popular product
- Radio-frequency (RF) systems work by installing an antenna at a store entrance, which creates a narrow, low frequency electromagnetic field. When a tag or label enters this field, it causes the antenna to alarm.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Communication Equipment Manufacturing in the US
- Security Alarm Services in the US
Complementors
- Alarm, Horn & Traffic Control Equipment Manufacturing in the US
- Security Services in the US
International industries
- Audio & Video Equipment Manufacturing in Canada
- Audio Visual Electronic Equipment Manufacturing in Australia
- TV, DVD & Video Equipment Manufacturing in China
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Manufacturing radio-frequency EAS systemsManufacturing acousto-magnetic EAS systemsManufacturing electromagnetic (magnetic) EAS systemsManufacturing microwave EAS systemsCompanies
Honeywell International Inc.Checkpoint Systems Inc.Johnson Controls International PlcPurchase this report to view all 3 major companies in this industry.
Related Terms
SHRINKELECTRO-MAGNETIC FIELDHERTZ (HZ)SOURCE TAGGINGIndustry Code
NAICS 33429 - Electronic Article Surveillance Product Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
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...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
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...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Remaining near major buyers is important for manufacturers. However, this trend is weakening as most products are easy to transport.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each state in 2023
- Number and share of revenue each state accounts for in 2023
- Number and share of wages each state accounts for in 2023
- Number and share of employees in each state in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Producers face some competition from alternative theft deterrents, such as cameras and security guards. However, these products and services cannot fully substitute electroni...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
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...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Honeywell International Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Checkpoint Systems Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Johnson Controls International Plc's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Honeywell International Inc., and factors influencing its performance in the industry
- Description and key data for Checkpoint Systems Inc., and factors influencing its performance in the industry
- Description and key data for Johnson Controls International Plc, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Manufacturers rely heavily on patents. Producers protect their products and intellectual property through patents, preventing other manufacturers from producing generic copie...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Producers focus heavily on new product development. This leads to a high need for research and development activities, driving wage costs higher.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Industry Multiples (2016-2021)
- Industry Tax Structure (2016-2021)
- Income Statement (2016-2021)
- Balance Sheet (2016-2021)
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Electronic Article Surveillance Product Manufacturing in the US industry in United States in 2024?
The market size of the Electronic Article Surveillance Product Manufacturing in the US industry in United States is $669.0m in 2024.
How many businesses are there in the Electronic Article Surveillance Product Manufacturing in the US industry in 2023?
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.
Has the Electronic Article Surveillance Product Manufacturing in the US industry in United States grown or declined over the past 5 years?
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.
What is the forecast growth of the Electronic Article Surveillance Product Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Electronic Article Surveillance Product Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Electronic Article Surveillance Product Manufacturing in the US market in United States?
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
What does the Electronic Article Surveillance Product Manufacturing in the US in United States include?
Manufacturing radio-frequency EAS systems and Manufacturing acousto-magnetic EAS systems are part of the Electronic Article Surveillance Product Manufacturing in the US industry.
Which companies have the highest market share in the Electronic Article Surveillance Product Manufacturing in the US in United States?
The company holding the most market share in United States is Honeywell International Inc..
How competitive is the Electronic Article Surveillance Product Manufacturing in the US industry in United States?
The level of competition is moderate and increasing in the Electronic Article Surveillance Product Manufacturing in the US industry in United States.
