Conventional authentication technologies such as holograms, inks and dyes are the highest revenue generator in the global anti-counterfeit electronics and automobiles packaging market owing to their economic pricing and ease of application.
Portland, OR -- (SBWIRE) -- 02/20/2018 -- Anti-Counterfeit Electronics and Automobiles Packaging Market report, published by Allied Market Research, forecasts that the global market is expected to garner $24.2 Billion by 2020, registering a CAGR of 10.1% during the forecast period 2015 to 2020. Hologram technology would dominate the authentication packaging technology market and is expected to reach $8.0 billion in 2020. Taggants technology segment is projected to register the highest CAGR of 21.4% during 2015 2020.
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Technologies have a significant impact on the global anti-counterfeit packaging (electronics and automobiles) market. The advent of novel technologies leads to introduction of new and advanced product lines in anti-counterfeit packaging market. In order to gain the maximum market share, key leaders of the anti-counterfeit packaging (electronics and automobiles) market have adopted product launch as a key growth strategy, which is proved to be highly successful for this market. Key companies profiled in this report are, Alien Technology Corp., AlpVision, Zebra Technologies Corp., Avery Dennison Corp., Giesecke & Devrient (G&D), Impinj Incorporation, Datamax-O'Neil (Honeywell), Applied DNA Science, InkSure Technologies Inc. and IAI industrial systems.
Advanced technology in tracking, and adoption of item level RFID technologies are the major factors that drive the market growth. Other factors responsible for the anti-counterfeit electronics and automobiles packaging market growth are rising awareness of the consumers about anti-counterfeit technologies and rising government regulations and efforts laid on eradicating the electronic counterfeit products in various developed and developing nations. On the other hand, high cost associated with implementation of product identification (anti-counterfeit) setups and impact of anti-counterfeit products on product distribution process are likely to restrain the anti-counterfeit electronics and automobiles packaging market growth.
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Multiple applications of track and trace technologies, advancements in item level RFID such as (FiTS) technology would offer lucrative growth opportunities in future. Further, the collaborative approach of various companies with government authorities would provide a platform for growth of the global anti-counterfeit packaging (electronics and automobiles) market.