| Product Code: ETC4458208 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The Singapore electronic article surveillance (EAS) market plays a crucial role in the retail and commercial sectors. EAS systems are instrumental in preventing theft and reducing shrinkage in stores. As the retail industry in Singapore continues to grow and diversify, there is a rising need for effective anti-shoplifting solutions. EAS systems are widely used by retailers to protect merchandise, ensuring a secure shopping environment for customers. The market`s growth is also driven by the development of more advanced EAS technologies and integration with inventory management and analytics systems. Singapore status as a shopping and commercial hub further fuels the demand for EAS solutions, making it an integral part of the retail ecosystem.
The Electronic Article Surveillance (EAS) market in Singapore is primarily driven by the need for loss prevention in the retail sector. EAS systems use tags and labels to deter and detect theft, providing a cost-effective way for retailers to protect their merchandise. With the increasing challenges of retail shrinkage and theft, EAS solutions are crucial for maintaining profitability and ensuring a safe shopping environment.
The Singapore Electronic Article Surveillance Market faces challenges in addressing the ongoing issue of retail theft and shoplifting. While electronic article surveillance systems provide a deterrent against theft, determined shoplifters continually seek ways to circumvent these security measures. The challenge lies in evolving electronic surveillance systems to stay ahead of theft tactics and ensuring they do not hinder the shopping experience for legitimate customers.
The COVID-19 pandemic has had a mixed impact on the electronic article surveillance market in Singapore. While the demand for these systems in retail environments was somewhat subdued due to lockdowns and reduced foot traffic, there was an increased focus on securing essential stores and supply chain facilities. The need to track and secure essential goods and products during the crisis drove the adoption of electronic article surveillance systems in specific sectors, underlining the adaptability and importance of these solutions in times of disruption.
In the electronic article surveillance market, Sensormatic Solutions, Nedap, and Checkpoint Systems are prominent players. They specialize in retail security solutions, including anti-shoplifting systems, which are vital for the retail sector.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Electronic Article Surveillance Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Electronic Article Surveillance Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Electronic Article Surveillance Market - Industry Life Cycle |
3.4 Singapore Electronic Article Surveillance Market - Porter's Five Forces |
3.5 Singapore Electronic Article Surveillance Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Singapore Electronic Article Surveillance Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.7 Singapore Electronic Article Surveillance Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Singapore Electronic Article Surveillance Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of electronic article surveillance systems by retailers to prevent theft |
4.2.2 Rising concerns about retail shrinkage and the need for loss prevention solutions |
4.2.3 Technological advancements leading to the development of more efficient and cost-effective electronic article surveillance solutions |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing electronic article surveillance systems |
4.3.2 Lack of awareness and understanding among small and medium-sized retailers about the benefits of electronic article surveillance |
4.3.3 Privacy concerns related to the use of surveillance technologies in retail environments |
5 Singapore Electronic Article Surveillance Market Trends |
6 Singapore Electronic Article Surveillance Market, By Types |
6.1 Singapore Electronic Article Surveillance Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Singapore Electronic Article Surveillance Market Revenues & Volume, By Component, 2021-2031F |
6.1.3 Singapore Electronic Article Surveillance Market Revenues & Volume, By Tags, 2021-2031F |
6.1.4 Singapore Electronic Article Surveillance Market Revenues & Volume, By Antennas & Detachers, 2021-2031F |
6.2 Singapore Electronic Article Surveillance Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Singapore Electronic Article Surveillance Market Revenues & Volume, By Apparel and Fashion Accessories Stores, 2021-2031F |
6.2.3 Singapore Electronic Article Surveillance Market Revenues & Volume, By Supermarkets and Mass Merchandise Stores, 2021-2031F |
6.2.4 Singapore Electronic Article Surveillance Market Revenues & Volume, By Drug and HealthProductStores, 2021-2031F |
6.2.5 Singapore Electronic Article Surveillance Market Revenues & Volume, By Others, 2021-2031F |
6.3 Singapore Electronic Article Surveillance Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Singapore Electronic Article Surveillance Market Revenues & Volume, By Video Wall, 2021-2031F |
6.3.3 Singapore Electronic Article Surveillance Market Revenues & Volume, By Acousto-Magnetic, 2021-2031F |
6.3.4 Singapore Electronic Article Surveillance Market Revenues & Volume, By Electro Magnetic, 2021-2031F |
6.3.5 Singapore Electronic Article Surveillance Market Revenues & Volume, By Radio Frequency, 2021-2031F |
6.3.6 Singapore Electronic Article Surveillance Market Revenues & Volume, By Microwave, 2021-2031F |
7 Singapore Electronic Article Surveillance Market Import-Export Trade Statistics |
7.1 Singapore Electronic Article Surveillance Market Export to Major Countries |
7.2 Singapore Electronic Article Surveillance Market Imports from Major Countries |
8 Singapore Electronic Article Surveillance Market Key Performance Indicators |
8.1 Rate of decrease in retail shrinkage after implementing electronic article surveillance systems |
8.2 Percentage of retailers adopting electronic article surveillance solutions in Singapore |
8.3 Number of reported incidents of theft or shoplifting in retail stores equipped with electronic article surveillance |
8.4 Level of customer satisfaction and perception of security in stores with electronic article surveillance |
8.5 Frequency of system maintenance and upgrades to ensure optimal performance of electronic article surveillance systems |
9 Singapore Electronic Article Surveillance Market - Opportunity Assessment |
9.1 Singapore Electronic Article Surveillance Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Singapore Electronic Article Surveillance Market Opportunity Assessment, By End User, 2021 & 2031F |
9.3 Singapore Electronic Article Surveillance Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Singapore Electronic Article Surveillance Market - Competitive Landscape |
10.1 Singapore Electronic Article Surveillance Market Revenue Share, By Companies, 2024 |
10.2 Singapore Electronic Article Surveillance Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |