Introduction to the Circuit Board Labels Market

Circuit board labels are one of the ESD protective solutions used widely in industrial packaging industry. Circuit board labels are used for variety of purposes, including tracking WIP, identification, quality control, compliance mandates, and warranties, among others. The printed circuit board labels market is expected to gain traction during the forecast period as the preference for ESD protective packaging solutions increases. Printed circuit board labels are better than the alternative solutions available in the market in two key ways –

  • Printed circuit board labels are designed in a such as way as to prevent significant charge build-up throughout its life span, once span. This aids in avoiding static discharge events
  • Alternative labelling formats are not able to prevent damage to several components by the charge generated during removal from the liner, unlike printed circuit labels.

Manufacturers of printed circuit board labels are expected to focus on offering durable labelling solutions compliant with REACH, HALOGEN FREE, and RoHS requirements for solutions used in electronics packaging. The outlook for growth of the global circuit board labels market is expected to be positive during the forecast period.

The Dynamics of Circuit Board Labels Market

The global electronics packaging industry has undergone significant transformation in the past few decades. As manufacturers look for ways to enhance manufacturing capabilities, the smart packaging race is expected to compel most of them to resort to automated labelling systems for their circuit boards. Circuit board labels enable improved and accurate tracking of raw materials as well as finished goods. As more and more companies realize that labelling their printed circuit boards is a critical step, they will ultimately be able to attract more customers due to significant competitive advantages. High demand for labelling solutions which can withstand high temperatures is expected to be the key factor driving growth of the global circuit board labels market during the forecast period. Circuit board labels are also expected to register growth in demand due to the need for labelling solutions intended to reduce counterfeit products in the market. Additionally, circuit board labels are in compliance with respect to legal and regulatory aspects. Therefore, it is anticipated that they will witness further increase in sales in the next decade, which is mainly expected to be driven by the huge yet largely untapped market in the Asia Pacific region.

Circuit Board Labels Market: Regional Outlook

The U.S. circuit board labels market expected to spearhead growth of the North America market, which in turn is likely to maintain its edge over the other regional circuit board labels markets in terms of market share. The Europe circuit board labels market is expected to follow the North America market in terms of market share, with the Germany circuit board labels market being the leading one in terms of regional share. The Asia Pacific circuit board labels market is likely to register a healthy CAGR due to the impressive growth shown by China and Japan in the past few years. Japan is expected to maintain its edge over China in terms of label consumption. Circuit board labels markets like that of India’s are likely to remain largely undertapped during the next ten years, attributed mainly to relatively small size of electronic industry in terms of production.

Circuit Board Labels Market: Segmentation

The defined scope for the circuit board labels market is as below –

By face-stock material, the global circuit board labels market is segmented as –

  • Polyimide
  • Polyester (PET)
  • Other plastics

By label type, the global circuit board labels market is segmented as –

  • Barcode/serial number labels
  • Blank custom labels

By end use packaging, the global circuit board labels market is segmented as –

  • Medical packaging
    • Control systems
    • Monitors
    • Internal devices
    • Other instrumentation (scientific, scanning instruments, etc.)
  • Electrical & electricals
    • Consumer electronics
      • Laptops and desktops
      • Mobile devices
      • Home appliances
      • Entertainment devices
      • Others
    • Industrial electronics
      • Measuring electronics
      • Power electronics
      • Industrial equipment
    • Automotive
      • Automotive control systems
      • Navigation devices
      • Surrounding Monitors
      • Others
    • Aerospace (both monitoring and testing equipment)
    • Other industrial (marine, lighting, firearm, broadcasting, security applications, etc.)

Circuit Board Labels Market: Key Players

Some of the key players operating in the global circuit board labels market are as follows –

  • Avery Dennison Corporation
  • Brady Corporation
  • HellermannTyton Corporation
  • Dasco Label

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Circuit Board Labels Market

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