A new report on the global anti-counterfeit electrical and electronics packaging market states that the growing demand for electrical and electronic products across the world is the key driving force behind the impressive growth of this market. The research study by Transparency Market Research (TMR) is titled “Anti-counterfeit Electrical & Electronics Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”
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Anti-counterfeit packaging technology has emerged as the most efficient solution to control the intrusion of fabricated electrical and electronics products in the global market. The soaring demand for electrical and electronic devices has attracted a large number of counterfeit products, increasing the concerns of the manufacturers of original products. As a result, these manufacturers are increasingly using anti-counterfeit packaging for their products, which is leading to a remarkable growth in this market, states the research report. Going forward, the study reports that the increasing authentication of electrical and electronic products on a commercial scale by original equipment manufacturers is likely to boost the global market for anti-counterfeit electrical and electronics packaging substantially during the forecast period.
In this research report, the global market for anti-counterfeit electrical and electronics packaging has been studied on the basis of technology and geography. Based on technology, the worldwide market has been categorized into track and trace technology and authentication technology. Barcode technology and RFID technology are the key authentication technologies applied globally. Among the two, barcodes are employed more widely currently; however, RFID technology is likely to gain prominence in the forthcoming years, notes the research study.
Based on geography, the report has segmented the global market for anti-counterfeit electrical and electronics packaging into Latin America, North America, Eastern Europe, Western Europe, Japan, Asia Pacific excluding Japan, and the Middle East and Africa. Followed by Europe, North America has emerged as the leading regional market for anti-counterfeit electrical and electronics packaging. Experts project this region to continue its leading streak throughout the forecast period.
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Asia Pacific is also anticipated to register a significant increase in the demand for anti-counterfeit electrical and electronics packaging, leading to a steady rise in the regional market, states the research report.
The competitive landscape of the global market for anti-counterfeit electrical and electronics packaging has also been examined in this research study in order to present the current market hierarchy. According to the report, Zebra Technologies, AlpVision, Alien Technology Corp., Avery Dennison Corp., Microtrace LLC, SICPA HOLDING SA, and Impinj Inc. are some of the key players in this market.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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