Growing market for anti-counterfeit electronics
DUBLIN – Due to the increasing product piracy, the global anti-counterfeit electronics and automobiles market is expected to reach $24.2 billion by 2020, at a notable annual growth rate of 10.1% from 2015 to 2020. This is the result of report “World Anti-Counterfeit Electronics and Automobiles Packaging Market – Opportunities and Forecasts, 2014 – 2020” conducted by Research and Markets.
To provide a detailed market assessment, the report segments the global anti-counterfeit (electronics and automobiles) market on the basis of technology and geography. The technology segment market is categorized into ink & dyes, holograms, watermarks, taggants, and track and trace packaging technologies. Inks & dyes and holograms were the leading technology segments, collectively accounting for around three-fourths of the market in 2014.
Geographically, the market is segmented across North America, Europe, Asia Pacific and LAMEA. In 2014, North America was the largest revenue generating region with annual revenue of share of 43%, followed by Europe. The Asia-Pacific anti-counterfeit packaging (electronics and automobiles) market is set to grow at a promising CAGR of 11.1% from 2015 to 2020, due to rising awareness about anti-counterfeit technologies penetrating regional-markets.
This recent report forecasts the anti-counterfeit pharmaceutical and cosmetics packaging market to grow at a CAGR of 15.7% during 2015-2020.