The global anti counterfeit electronics and automobiles packaging market is anticipated to grow at a CAGR of 9.5% during the forecast period (2022-2028). Brands can serialize their products with Covectra’s unique StellaGuard smart label. The label provides a dual layer of protection with a unique, patented, non-reproducible film that combines a serialized QR barcode with a 3D image of holographic “stars” embedded in a random, non-repeatable pattern, distributed at varying depths and positions inside the label. Using any smartphone, consumers can simply scan the product’s barcode using the free StellaGuard mobile app and verify the product’s authenticity within seconds. This solution eliminates the need for a special device, making it easily accessible to consumers, field inspectors, supply chain, and custom officers. The StellaGuard packaging line cameras capture the star pattern on the label and stores it in Covectra’s AuthentiTrack Cloud.
New technology are developed in order to reduce the practice of counterfeit. For instance, in February 2020, MIT researchers have developed a battery-free cryptographic ID tag that’s small enough to fit on virtually any product and verify its authenticity. The millimetre-sized ID chip includes a cryptographic processor, an antenna array that transmits data in the high terahertz range, and photovoltaic diodes for power, according to the researchers behind the project. The device cost a few cents each and could be used to authenticate nearly any product to support combat losses to counterfeiting. Wireless ID tags are becoming increasingly popular for authenticating goods as they change hands in the supply chain, however, they come with size, cost, energy, and security trade-offs that limit their potential, according to the MIT team.
Some major players in the market include Alien Technology Corp., AlpVision, and Zebra Technologies Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in Oct 2021, Covectra, a provider of track and trace solutions announced that Aprisa, provider of scientifically-based luxury skincare products, has chosen Covectra’s StellaGuard to serialize its luxury cosmetic skincare products. It provides solution to consumer electronics, automotive spare parts.
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Competitive Landscape-
Alien Technology Corp., AlpVision, and Zebra Technologies Corp., among others.
Scope of the Report
The research study analyzes the Global Anti-Counterfeit Electronic and Automobiles Packaging industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
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Key Questions Answered by Global Anti-Counterfeit Electronic and Automobiles Packaging Market Report
1. What was the Global Anti-Counterfeit Electronic and Automobiles Packaging Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Anti-Counterfeit Electronic and Automobiles Packaging Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Anti-Counterfeit Electronic and Automobiles Packaging Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Anti-Counterfeit Electronic and Automobiles Packaging market.
- The market share of the Global Anti-Counterfeit Electronic and Automobiles Packaging market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Anti-Counterfeit Electronic and Automobiles Packaging market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Anti-Counterfeit Electronic and Automobiles Packaging market.
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