Solution for Electronic Industry

India's domestic electronic device market is expected to hit $300 billion by FY26. Between FY12 and FY21, India's per capita disposable income and private consumption doubled, making it one of the world's largest marketplaces for electronic devices.

Mobile Phones (24 percent), Consumer Electronics (22 percent), Strategic Electronics (12 percent), Computer Hardware (7 percent), LEDs (2 percent), and Industrial Electronics (34 percent) comprise Auto, Medical, and other industrial electronic products. The electronic devices industry is segmented as follows: Mobile Phones (24 percent), Consumer Electronics (22 percent), Strategic Electronics (12 percent), Computer Hardware (7 percent), LEDs (2 percent), and Industrial Electronics (34 percent).

Counterfeit Electronic Products

Counterfeit electric, electromechanical, and electronic parts aren't a new problem for the rugged computing business, but it's one that continues to cost companies billions of dollars, endanger Indian livelihoods, and imperil key national security operations. The two main drivers propelling this market, according to the literature, are first, the enormous margins acquired by counterfeit manufacturers, and second, the need for name-brand items at cheaper pricing.

The Electrical & Electronic business is predicted to develop significantly in the next years as new advanced technologies and innovations continue to emerge in today's society. Anti-counterfeiting technology has evolved as the main method of combating counterfeiting. The market is predicted to rise significantly, owing to an increase in the number of electronic/automobile counterfeit products that are readily available in local markets.

Anti-Counterfeit Solution by TracknTraceGT

Anti-counterfeiting efforts are underway in a number of countries. To protect the supply chain, multiple measures are required. Anti-counterfeiting technologies are an essential strategy adopted by a number of companies and regulatory agencies. The track and trace system, as well as serialisation, are highly valued and frequently utilised anti-counterfeiting technologies.

Product recalls and liability actions can result from counterfeit products. Furthermore, brand loyalty is affected as a result of consumers' perceptions of increased dangers when utilising a company's products. This can be avoided with a comprehensive anti-counterfeit strategy Anti-Counterfeiting Solution that guarantees patient safety.

Since TracknTraceGT does not require the need for an app to approve products, overall involvement is very high. The clones are detected and rejected as they appear using QR code anti-counterfeit technology with AI monitoring. Counterfeiters lose their commercial motive as a result of this.

TracknTraceGT

GTI is a global track-and-trace, product authentication, and consumer interaction firm with technology-enabled solutions that have helped secure a variety of industries. Our TracknTraceGT Solution effectively utilises advanced technology to provide you with ultimate control and real-time information. It keeps you informed about your product's whereabouts from the manufacturing stage to final delivery, thanks to established global standards and tested interfaces. You get actionable data in addition to tracking for better sales and distribution decisions.