Forecast Period 
Market Size (Base Year) 
Market Size (Forecast Year)
CAGRMexico RFID & Electronic Article Surveillance Systems Market, By 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) - Industry Trends and Forecast to 2031.
Mexico RFID and Electronic Article Surveillance Systems Market Analysis and Size
RFID (Radio Frequency Identification) and Electronic Article Surveillance (EAS) Systems represent cutting-edge technological solutions that have revolutionized the retail and logistics industries. RFID systems utilize radio waves to identify and track items in real-time, offering unmatched visibility into supply chain operations. By attaching RFID tags to products, companies can monitor their movement throughout the entire supply chain, from manufacturing to point of sale, enabling accurate inventory management and efficient logistics operations. On the other hand, EAS systems employ various technologies, such as tags and antennas, to deter theft and prevent unauthorized removal of items from retail premises. These systems act as a powerful deterrent against shoplifting and help retailers minimize losses due to theft. Combined, RFID and EAS systems provide comprehensive oversight of assets, enhance inventory accuracy, optimize supply chain processes, and ensure heightened security across retail and logistics operations. With their ability to streamline operations, reduce costs, and enhance security, RFID and EAS systems continue to play a pivotal role in driving efficiency and profitability in the retail and logistics sectors.
Data Bridge Market Research analyses that Mexico RFID & 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.
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Report Metric |
Details |
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Forecast Period |
2024 to 2031 |
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Base Year |
2023 |
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Historic Years |
2022 (Customizable to 2016-2021) |
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Quantitative Units |
Revenue in USD Thousand |
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Segments Covered |
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 |
Jalisco, Oaxaca, Chihuahua, Coahuila de Zaragoza, Sonora, Zacatecas, and Rest of Mexico |
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Market Players Covered |
Checkpoint Systems, Inc, AVERY DENNISON CORPORATION, Johnson Controls, Zebra Technologies Corp, HID Global Corporation, part of ASSA ABLOY, Honeywell International Inc., Dahua Technology, Amersec s.r.o, Datalogic S.p.A, and Gunnebo AB |
Market Definition
RFID (Radio Frequency Identification) and Electronic Article Surveillance (EAS) Systems refer to advanced technological solutions employed primarily in retail and logistics sectors for enhanced inventory management, theft prevention, and supply chain optimization. RFID systems utilize radio waves to identify and track items in real-time, offering unparalleled visibility into supply chain operations. On the other hand, EAS systems employ various technologies such as tags and antennas to deter theft and prevent unauthorized removal of items from retail premises. Together, these systems provide comprehensive oversight of assets, improve inventory accuracy, and ensure enhanced security across the retail and logistics sectors.
Mexico RFID & Electronic Article Surveillance Systems Market
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Retail Sector Expansion Necessitates RFID and EAS System Integration
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.
- Rising Demand for Improved Supply Chain Visibility Which Leads to Better Logistics and Reduced Costs
The rising demand for improved supply chain visibility is driving retailers to adopt advanced technologies like RFID. Enhanced visibility enables real-time tracking of inventory, allowing for more precise logistics management and reducing operational costs. This granular insight into the movement of goods from source to sale helps identify inefficiencies and streamline processes, resulting in faster and more accurate fulfilment. As a result, retailers can reduce excess stock, minimize waste, and improve overall supply chain responsiveness. The adoption of RFID technology thus not only enhances logistical efficiency but also significantly lowers costs, contributing to better profitability and competitiveness in the market.
Opportunities
- Technological Advancements in RFID and EAS Systems
Technological advancements in Radio-Frequency Identification (RFID) and Electronic Article Surveillance (EAS) systems have opened up significant opportunities for the market. With the integration of advanced sensors, data analytics, and machine learning algorithms, modern RFID and EAS systems offer enhanced capabilities in inventory management, loss prevention, and customer experience optimization. These advancements allow retailers and logistics companies to efficiently track and manage their inventory in real-time, leading to improved operational efficiency and reduced costs.
Furthermore, the convergence of RFID and EAS systems with other emerging technologies such as IoT (Internet of Things) and cloud computing has expanded their potential applications across various industries beyond retail, including healthcare, manufacturing, and logistics. The ability to collect and analyze large volumes of data generated by RFID and EAS systems facilitates predictive analytics, enabling businesses to make data-driven decisions, optimize processes, and improve overall performance. As these technologies continue to evolve, the RFID and EAS systems market is poised for sustained growth, driven by the increasing demand for efficient inventory management, enhanced security, and seamless customer experiences.
- Increasing Demand for Medical Equipment Tracking in Healthcare Sector
The increasing demand for medical equipment tracking in the healthcare sector presents a significant opportunity for the RFID and Electronic Article Surveillance (EAS) Systems Market. As hospitals and healthcare facilities strive to enhance efficiency and patient care, the need for accurate and real-time tracking of medical equipment becomes paramount. RFID technology offers a robust solution by enabling the automatic identification and tracking of medical devices, instruments, and supplies throughout their lifecycle. By implementing RFID systems, healthcare providers can improve asset utilization, reduce equipment loss or theft, streamline inventory management, and ensure regulatory compliance.
Restraints/Challenges
- Initial Investment Costs May Hinder RFID and EAS Adoption
The initial investment costs associated with implementing Radio-Frequency Identification (RFID) and Electronic Article Surveillance (EAS) systems may pose a significant barrier to adoption for retailers. These technologies require upfront expenditures for equipment, software, and training, which can strain limited budgets. Additionally, the complexity of integrating RFID and EAS into existing infrastructure adds to the financial burden. Retailers may hesitate to commit resources without a clear understanding of the return on investment and long-term benefits. Consequently, despite recognizing the potential advantages in terms of inventory management and loss prevention, many businesses may delay or forego adoption due to financial constraints.
- Integrating RFID and EAS Systems With Existing it Infrastructure and Processes can be Complex and Time-Consuming
The integration of RFID (Radio Frequency Identification) and EAS (Electronic Article Surveillance) systems with existing IT infrastructure and processes poses a significant challenge for the RFID & Electronic Article Surveillance Systems Market. One of the primary complexities arises from the diverse range of IT systems already in place across different industries and organizations. Each business may have unique software applications, databases, and network configurations, making it challenging to seamlessly integrate RFID and EAS technologies without disruptions to existing operations.
Moreover, the integration process can be time-consuming due to the need for thorough planning, customization, and testing to ensure compatibility and functionality with existing IT infrastructure. This often involves coordinating with multiple stakeholders, including IT teams, system administrators, and end-users, to address potential conflicts and optimize system performance. As a result, the lengthy integration timeline can deter organizations from adopting RFID and EAS solutions, especially those with urgent security or inventory management needs.
Moreover, any delays or disruptions during integration can impact productivity and revenue, potentially resulting in additional expenses. Therefore, simplifying the integration process and offering cost-effective solutions tailored to diverse IT environments are critical factors for RFID and EAS system providers to overcome this challenge and drive market growth.
Recent Developments
- 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
Mexico RFID & Electronic Article Surveillance Systems Market Scope
The Mexico RFID & electronic article surveillance systems market is categorized into six notable segments based on offerings, type, organization size, application, end users, sales channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offerings
- Hardware
- Software
- Service
On the basis of offerings, the market is segmented into hardware, software, and service.
Type
- RFID
- Electronic Article Surveillance Systems
On the basis of type, the market is segmented into RFID and electronic article surveillance systems
Organization Size
- Large Size Organization
- Small & Medium Size Organization
On the basis of organization size, the market is segmented into large size organization and small & medium size organization.
Application
- Access Control
- Assets Tracking
- Personnel Tracking
- Jewelry Management
- Others
On the basis of application, the market is segmented into 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
- Others
On the basis of end users, the market is segmented into retail/commercial, logistics and transportation, automotive, industrial, healthcare, aerospace, Information Technology (IT), defense, education, livestock, sports, wildlife, and others.
Sales Channel
- Indirect
- Direct
On the basis of sales channel, the market is segmented into indirect and direct.
Mexico RFID & Electronic Article Surveillance Systems Market Regional Analysis/Insights
The Mexico RFID & electronic article surveillance systems market is analyzed and market size insights and trends are provided by offerings, type, organization size, application, end users, and sales channel.
The states covered in the Mexico RFID & electronic article surveillance systems market Jalisco, Oaxaca, Chihuahua, Coahuila de Zaragoza, Sonora, Zacatecas, and rest of Mexico.
The Jalisco is expected to dominate the Mexico RFID & electronic article surveillance systems market due to its robust industrial base and strong retail sector.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of country brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Mexico RFID & Electronic Article Surveillance Systems Market Share Analysis
Mexico RFID & electronic article surveillance systems market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Mexico RFID & electronic article surveillance systems market.
Some of the major players operating in the Mexico RFID & electronic article surveillance systems market are Checkpoint Systems, Inc, AVERY DENNISON CORPORATION, Johnson Controls, Zebra Technologies Corp, HID Global Corporation, part of ASSA ABLOY, Honeywell International Inc., Dahua Technology, Amersec s.r.o, Datalogic S.p.A, and Gunnebo AB.
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