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NAND and DRAM are set to hit new revenue records

Market research and strategy consulting company, Yole Développement, says that despite the numerous global challenges, the memory market will grow to over USD 260 billion in 2027. “Amid trade-war tensions and the COVID-19 pandemic, the stand-alone memory market has...

Component prices increase 5-40%; lead times extend to 12 months

Electronic component prices are on the rise, with one chipmaker increasing prices between 5 percent and 40 percent in the past quarter, reports EPS News. More tech companies mentioned “pricing” during their Q1 earnings calls than any other sector, including consumer...

Bill takes fresh approach to combat counterfeit electronics

A new bill that’s currently making its way through the U.S. Senate is taking aim at electronics counterfeiting by thwarting the flow of waste products that are being sent to China and other regions of the world, reports Source Today. SEERA, the Secure E-waste Export...

Counterfeiting is big business – Source Today

May 13, 2022
Electronics counterfeit mitigation

With realities like the global chip shortage prompting more “bad actors” to develop unapproved reproductions or copies of the real thing, the companies that make anti-counterfeit and tamper-proof packaging are continually developing new ways to combat these crimes, writes Bridget McCea at Source Today.

“Counterfeiting has grown from a $30 billion trade problem in the 1980s, and now exceeds $600 billion in trade,” North Carolina State University reports. “Trade data trends suggest that this number could soon rise to over $1.8 trillion, which is more than the gross domestic product of most countries.”

According to Polaris Market Research, the global anti-counterfeit packaging market size and share is expected to post a 12.6% compound growth rate (CAGR) and its revenue is expected to reach nearly $320 billion by 2030—up from about $120 billion last year, reports McRea.

She says that with the World Customs Organization reporting that counterfeit goods generate over $650 billion in sales annually, Flexible Packaging says manufacturers are incorporating sophisticated technology into packaging to get ahead of the counterfeit industry, with some of the newest innovations being:

  • Radio frequency identification tags (RFIDs) equipped with microchips
  • Security seals
  • Barcodes
  • Security ink and printing
  • Smart labels and holograms
  • Mass encoding
  • Digital encryption and serialization

Clever packaging is just one of the ways counterfeiters use to produce fake components.

Astute is a highly accredited, quality-driven procurement expert, with a list of clients that includes the world’s leading defence suppliers. Our mission is to shield you against inferior quality products and services. As such, our operations are run in accordance with quality processes including AS6081 that mitigates the risks of purchasing and supplying fraudulent/counterfeit electronic parts.

The bespoke Astute Counterfeit Avoidance Programme (ACAP) is market-leading in its process and offers a secure, warranted route for these occasions. For parts obtained through non-traceable routes, Astute will subject products to rigorous destructive and non-destructive testing through their ACAP scheme, encompassing the AS6081 anti-counterfeit standards.

For more help with looking at counterfeit mitigation, contact Astute Electronics