The expansion of the retail sector underscores the crucial need for integrating Radio-Frequency Identification (RFID) and Electronic Article Surveillance (EAS) systems. Combining RFID, which facilitates real-time inventory management and enhances operational efficiency, with EAS, which provides anti-theft protection, ensures comprehensive asset tracking and security solutions. This integration optimizes inventory visibility, reduces out-of-stock occurrences, minimizes theft losses, and streamlines checkout processes. By leveraging RFID for accurate inventory tracking and EAS for theft prevention, retailers can enhance customer satisfaction, increase sales, and maintain competitive advantage in the dynamic retail landscape.
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Data Bridge Market Research analyses that Mexico RFID and Electronic Article Surveillance Systems Market is expected to reach a value of USD 775,431.35 thousand by 2031 from 408,499.95 thousand in 2023, growing at a CAGR of 8.5% during the forecast period 2024 to 2031.
The need for enhanced inventory management and security measures in industries such as retail, logistics, and healthcare is propelling the adoption of RFID and EAS technologies and regulatory compliance requirements are incentivizing businesses to invest in these systems to ensure transparency and traceability in their operations. Additionally, the growing prevalence of theft and counterfeiting activities is fueling the demand for robust anti-theft solutions provided by EAS systems. Moreover, advancements in technology, such as the integration of RFID with IoT and cloud-based platforms, are expanding the capabilities and applications of these systems, further driving market growth.
Key Findings of the Study
Growing Awareness about Security and Loss Prevention
The growing awareness about security and loss prevention presents a significant opportunity for the RFID and Electronic Article Surveillance (EAS) systems market. As businesses and organizations become increasingly conscious of the risks associated with theft, shrinkage, and unauthorized access, there is a heightened demand for effective security solutions. RFID technology, with its ability to track and monitor assets in real-time, plays a crucial role in enhancing security measures. By implementing RFID systems, businesses can improve inventory visibility, deter theft, and streamline security processes, thereby reducing losses and safeguarding valuable assets.
Furthermore, the Electronic Article Surveillance (EAS) systems market stands to benefit from the growing emphasis on loss prevention. EAS systems, which utilize tags and detection systems to prevent theft in retail environments, are becoming indispensable tools for retailers seeking to protect their merchandise. With the rise of organized retail crime and internal theft, there is an increasing need for robust EAS solutions that can effectively deter shoplifting and shrinkage. As a result, the demand for advanced EAS technologies, including RFID-based systems, is expected to rise, presenting lucrative opportunities for market players to innovate and meet the evolving security needs of retailers and businesses.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Offerings (Hardware, Software, and Service), Type (RFID and Electronic Article Surveillance Systems), Organization Size (Large Size Organization and Small & Medium Size Organization), Application (Access Control, Assets Tracking, Personnel Tracking, Jewelry Management, and Others), End Users (Retail/Commercial, Logistics and Transportation, Automotive, Industrial, Healthcare, Aerospace, Information Technology (IT), Defense, Education, Livestock, Sports, Wildlife, and Others), Sales Channel (Indirect and Direct)
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States Covered
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Jalisco, Oaxaca, Chihuahua, Coahuila de Zaragoza, Sonora, Zacatecas, and Rest of Mexico
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Market Players Covered
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Checkpoint Systems, Inc (U.S.), AVERY DENNISON CORPORATION (U.S.), Johnson Controls (U.S.), Zebra Technologies Corp (U.S.), HID Global Corporation, part of ASSA ABLOY (U.S.), Honeywell International Inc. (U.S.), Dahua Technology (China), Amersec s.r.o (Czech Republic), Datalogic S.p.A (Italy), and Gunnebo AB (Sweden) among others.
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis
Mexico RFID & electronic article surveillance systems market is categorized into six notable segments which are based on offering, type, organization size, application, end users, and sales channel.
- On the basis of offerings, the Mexico RFID & electronic article surveillance systems market is segmented into hardware, software, service
In 2024, the hardware segment is expected to dominate the Mexico RFID and Electronic Article Surveillance Systems Market
In 2024, the hardware segment is expected to dominate the Mexico RFID & electronic article surveillance systems market with a 49.36% due to hardware components such as RFID tags, readers, antennas, and EAS systems form the backbone of these technologies, serving as the foundational infrastructure for implementation.
- On the basis of type, the Mexico RFID & electronic article surveillance systems market is segmented into RFID and electronic article surveillance systems. In 2024, the RFID segment is expected to dominate the Mexico RFID & electronic article surveillance systems market with a 86.79% market share
- On the basis of organization size, the Mexico RFID & electronic article surveillance systems market is segmented into large size organization, small & medium size organization. In 2024, the large size organization segment is expected to dominate the Mexico RFID & electronic article surveillance systems market with a 62.66% market share
- On the basis of, application, the Mexico RFID & electronic article surveillance systems market is segmented into access control, assets tracking, personnel tracking, jewelry management, and others. In 2024, the access control segment is expected to dominate the Mexico RFID & electronic article surveillance systems market with a 44.85% market share
- On the basis of the end users, the Mexico RFID & electronic article surveillance systems market is segmented into retail/commercial, logistics and transportation, automotive, industrial, Healthcare, aerospace, Information Technology (IT), defense, education, livestock, sports, wildlife, and others
In 2024, the retail/commercial segment is expected to dominate the Mexico RFID and Electronic Article Surveillance Systems Market
In 2024, the retail/commercial segment is expected to dominate the Mexico RFID & electronic article surveillance systems market with a 24.08% market share.
- On the basis of the sales channel, the Mexico RFID & electronic article surveillance systems market is segmented into indirect and direct. In 2024, the indirect segment is expected to dominate the Mexico RFID & electronic article surveillance systems market with a 56.07% market share
Major Players
Data Bridge Market Research analyzes Checkpoint Systems, Inc. – A Division of CCL Industries Inc (U.S.), AVERY DENNISON CORPORATION (U.S.), Johnson Controls (U.S.), Zebra Technologies Corp (U.S.), HID Global Corporation, part of ASSA ABLOY (U.S.) as the major players operating in the market.
Market Development
- In April 2023, Checkpoint Systems, Inc. has teamed up with Partner Tech Europe to create a next-generation RFID-based Self-Service Checkout (SCO) solution aimed at improving customer convenience and in-store security. This collaboration bolsters Checkpoint Systems, Inc.'s presence in the RFID market by embedding their technology into advanced SCO systems. The new solution enhances customer experience, increases loss prevention, and delivers precise purchase data, thereby boosting sales and operational efficiency for retailers
- In February 2024, Zebra Technologies debuted "The Modern Store" at NRF'24 Retail's Big Show, introducing a groundbreaking retail approach with RFID technology. This innovation boosts inventory management, personalizes customer interactions, and streamlines store operations with features like self-checkout and personalized user profiles. By embedding RFID into retail settings, Zebra solidifies its reputation for delivering advanced solutions that enhance operational efficiency, accuracy, and customer experience. The success of "The Modern Store" strengthens Zebra's market position and broadens its impact in the retail technology industry
- In January 2022, Johnson Controls’ Sensormatic Solutions released its 2021 Sustainability Story white paper, detailing its commitment to sustainability through innovative RFID technology. Their Electronic Article Surveillance (EAS) systems now consume 50% less power, and the Inventory Intelligence solution, leveraging RFID, reduces waste and carbon emissions in the supply chain. This focus on sustainability benefits both retailers and shoppers, ensuring efficient operations, reduced energy use, and seamless shopping experiences
- In February 2023, HID Global Corporation has expanded its healthcare offering with the acquisition of GuardRFID, a real-time location services company. This move enhances HID's presence in the active RFID and RTLS space, allowing them to offer innovative solutions for infant security, staff duress, asset tracking, and wandering patients. The acquisition strengthens HID's ability to protect patients and staff in healthcare facilities, positioning them as a leader in the industry
- In August 2020, Datalogic S.p.A has unveiled the 2128P UHF RFID Reader, tailored for the Memor 10 PDA, to bolster inventory accuracy with rapid and precise RFID tag scanning. This advancement amplifies Datalogic SPA's RFID capabilities, enabling superior performance in tag reading. With the introduction of the 2128P UHF RFID Reader, Datalogic elevates inventory accuracy and efficiency for its clientele. Key features like maximum output power, extended read range, and tag de-duplication software streamline inventory management processes, positioning Datalogic as a leading provider of cutting-edge RFID solutions across industries including retail, transportation and logistics, manufacturing, and healthcare
Regional Analysis
Geographically, the states covered in the Mexico RFID & electronic article surveillance systems market report is Jalisco, Oaxaca, Chihuahua, Coahuila de Zaragoza, Sonora, Zacatecas, and rest of Mexico.
As per Data Bridge Market Research analysis:
Jalisco is expected to be the dominant and fastest growing state in the Mexico RFID and Electronic Article Surveillance Systems Market
Jalisco is dominating the Mexico RFID & electronic article surveillance systems market due to its major hub for technology and innovation in Mexico. The state hosts a thriving ecosystem of technology companies, research institutions, and skilled workforce, fostering a conducive environment for the development and adoption of RFID and EAS systems.
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