Press release
Global Anti-counterfeit Electrical & Electronics Packaging Market Size, Share - Industry Trend and Forecast 2016 - 2024
The malpractice of counterfeiting has become a severe matter of concern for the OEMs of (Electrical & Electronics) E&E products across the globe. Counterfeiting is globally affecting the E&E industry, resulting into innumerable tangible and intangible losses for the players operating in the industry. A large number of counterfeit E&E products, carrying brand name of the leading industry players, are making their way into the local market. Apart from affecting the companies financially, the market penetration of such products also causes an enormous damage to the brand image of the affected company, earned over a long course of period.
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The forged electrical & electronics products are so well packaged that there detection during normal investigation becomes impossible and, thus, these products make their way into the local retail markets. The poor quality of these forged E&E products leads to various problems, such as short circuits, small appliance-life, rise in probability of electrical fires, etc., which in turn lead to the further deterioration of the brand image of the affected company. The global electrical & electronics industry endures huge monetary losses every year due to the presence of counterfeit products in the market.
Anti-counterfeit electrical & electronics packaging technology has emerged as one of the most efficient solutions to limit the market infiltration of counterfeited electrical & electronics products globally. Growing population and urbanization is further propelling the demand for E&E products globally. Due to their high demand, E&E products are available virtually in all markets. Easy availability of these products in the local market makes them more susceptible to being counterfeited. Besides, ever-increasing cases of counterfeiting in electrical & electronics products is compelling the market players to go for anti-counterfeit electrical & electronics packaging.
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Besides, various new and innovative technologies for the verification and authentication of original electrical & electronic products are making foray into the market. The utilization of such technologies on a commercial scale by E&E OEM manufacturers is leading to the rise in demand for anti-counterfeit electrical & electronics packaging worldwide. High use of this packaging is anticipated to lead to the significantly high growth rate of the market over the forecast period of 2016-2024.
Customers too, in order to skip the trouble caused by forged products and for the best utilization of their money, are becoming increasingly concerned about counterfeited products. Various governments are also becoming increasingly active against the use of counterfeit E&E products. This makes the global companies more optimistic about investing in advanced anti-counterfeit technologies. Due to these reasons, the global anti-counterfeit electrical and electronics packaging market is anticipated to expand at a significantly higher growth rate over the forecast period, accounting for multi-millions US$ by the end of the forecast period.
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There are also some factors which are restraining growth of the anti-counterfeit electrical & electronics packaging market currently. High capital expenditure required to set up anti-counterfeit technology systems and usage-impact of this system on the supply chain network of the companies work are the major factors restraining growth of this market currently.
The global anti-counterfeit electrical and electronics packaging market is segmented on the basis of technology and regions. On the basis of technology, the market is segmented into authentication packaging technology and track and trace packaging technology. The authentication technology segment is further sub-segmented into ink & dyes, holograms, watermarks, and taggants. The track and trace packaging technology segment is sub-segmented into barcode technology and RFID technology.
On the basis of geography, the global anti-counterfeit electrical & electronics packaging market is segmented into seven main regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa, and Japan. North America, followed by Europe market, are expected to account for the largest share of the global anti-counterfeit electrical & electronics packaging market. The market in the Asia-Pacific region is also expected to grow at a significant rate, thereby contributing to the overall growth of the global anti-counterfeit electrical & electronics packaging market over the forecast period.
Some of the key players covered in this study of global anti-counterfeit Electrical & electronics packaging market are Zebra Technologies, Alien Technology Corp., AlpVision, Avery Dennison Corp., SICPA HOLDING SA, Microtrace, LLC, Impinj, Inc. and others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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