Market Overview:
The global digital timer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for digital timers from various applications such as clothing & fashion accessories, cosmetics/pharmacy, supermarkets & large grocery, and others. In addition, the growing awareness about energy conservation is also propelling the growth of this market.
Product Definition:
A digital timer is a device that counts time in seconds, minutes, hours, or days. It has a digital display that shows the time remaining. Digital timers are used for timing events such as cooking or exercise. They can also be used to remind people of important tasks or events.
Hard Tag:
Hard tag is a unique device ID that can be programmed into electronic devices to prevent theft or misuse. It is also used for product authentication and tracking purposes. The technology has been around for more than two decades, but its usage has increased in the last few years owing to the growth of e-commerce industry.
The major factor responsible for this increase is because of growing security concerns among companies about their intellectual property and private data being misused on online market places such as eBay.
Soft Tag:
A soft tag is a small electronic device that can be attached to an article of clothing or jewelry. It contains a unique ID number, which allows the wearer to register their presence on the internet. The data collected by these tags is then transmitted via radio frequency identification (RFID) signal to nearby computers that record it in a database. Soft tags are battery-powered and come with an antenna for wireless operation.
The global market for soft tags.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The global demand for digital timers is increasing in several industries owing to various advantages offered such as precise time measurement, improved accuracy, and ease of use. Digital timer can be used not only in kitchen but also other applications such as medicine cupboard, storeroom, car wash center etc.
The clothing & fashion accessories segment was one of the leading applications contributing towards a significant market share in 2017. This can be attributed to growing consumer preference for personalized products with unique features that appeal them more than generic products do.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 and is estimated to reach a size of USD X billion by 2030, owing to increasing investments from key industry players in countries such as China and India. For instance, In January 2018, Honeywell International Inc., an aerospace & defense electronics company announced its partnership with Infosys Ltd., an IT services company based in India for developing safety systems across various industries including healthcare & life sciences, manufacturing & packaging and transportation & logistics.
North America was valued at USD X million in 2017 owing to high demand from end-use industries such as automotive and retailing coupled with stringent government regulations regarding employee safety standards that mandate use of digital timing devices on construction sites or while operating heavy machinery vehicles etcetera.
Growth Factors:
- Increasing demand for time-saving devices in the industrial and commercial sectors
- Rising popularity of smart timers with enhanced features
- Proliferation of digital timer applications in various end-user industries
- Growing demand for programmable timers to automate tasks
- Technological advancements that enable development of innovative timer products
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Timer Market Research Report
By Type
Hard Tag, Soft Tag, Deactivator or Detacher, Detection System
By Application
Clothing &Fashion Accessories, Cosmetics/Pharmacy, Supermarkets & Large Grocery, Others
By Companies
Tyco Retail Solutions, Checkpoint Systems, Nedap, Universal Surveillance Systems, Gunnebo Gateway, SenTech, Hangzhou Century, WGSPI, Sentry Technology, All Tag, Amersec s.r.o.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Digital Timer Market Report Segments:
The global Digital Timer market is segmented on the basis of:
Types
Hard Tag, Soft Tag, Deactivator or Detacher, Detection System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clothing &Fashion Accessories, Cosmetics/Pharmacy, Supermarkets & Large Grocery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tyco Retail Solutions
- Checkpoint Systems
- Nedap
- Universal Surveillance Systems
- Gunnebo Gateway
- SenTech
- Hangzhou Century
- WGSPI
- Sentry Technology
- All Tag
- Amersec s.r.o.
Highlights of The Digital Timer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hard Tag
- Soft Tag
- Deactivator or Detacher
- Detection System
- By Application:
- Clothing &Fashion Accessories
- Cosmetics/Pharmacy
- Supermarkets & Large Grocery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Timer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A digital timer is a timer that uses electronic circuitry to time events.
Some of the major players in the digital timer market are Tyco Retail Solutions, Checkpoint Systems, Nedap, Universal Surveillance Systems, Gunnebo Gateway, SenTech, Hangzhou Century, WGSPI, Sentry Technology, All Tag, Amersec s.r.o..
The digital timer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Timer Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Digital Timer Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Digital Timer Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Digital Timer Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Digital Timer Market Size & Forecast, 2020-2028 4.5.1 Digital Timer Market Size and Y-o-Y Growth 4.5.2 Digital Timer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hard Tag
5.2.2 Soft Tag
5.2.3 Deactivator or Detacher
5.2.4 Detection System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Clothing &Fashion Accessories
6.2.2 Cosmetics/Pharmacy
6.2.3 Supermarkets & Large Grocery
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Timer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Timer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hard Tag
9.6.2 Soft Tag
9.6.3 Deactivator or Detacher
9.6.4 Detection System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Clothing &Fashion Accessories
9.10.2 Cosmetics/Pharmacy
9.10.3 Supermarkets & Large Grocery
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hard Tag
10.6.2 Soft Tag
10.6.3 Deactivator or Detacher
10.6.4 Detection System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Clothing &Fashion Accessories
10.10.2 Cosmetics/Pharmacy
10.10.3 Supermarkets & Large Grocery
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hard Tag
11.6.2 Soft Tag
11.6.3 Deactivator or Detacher
11.6.4 Detection System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Clothing &Fashion Accessories
11.10.2 Cosmetics/Pharmacy
11.10.3 Supermarkets & Large Grocery
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hard Tag
12.6.2 Soft Tag
12.6.3 Deactivator or Detacher
12.6.4 Detection System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Clothing &Fashion Accessories
12.10.2 Cosmetics/Pharmacy
12.10.3 Supermarkets & Large Grocery
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hard Tag
13.6.2 Soft Tag
13.6.3 Deactivator or Detacher
13.6.4 Detection System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Clothing &Fashion Accessories
13.10.2 Cosmetics/Pharmacy
13.10.3 Supermarkets & Large Grocery
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Timer Market: Competitive Dashboard
14.2 Global Digital Timer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tyco Retail Solutions
14.3.2 Checkpoint Systems
14.3.3 Nedap
14.3.4 Universal Surveillance Systems
14.3.5 Gunnebo Gateway
14.3.6 SenTech
14.3.7 Hangzhou Century
14.3.8 WGSPI
14.3.9 Sentry Technology
14.3.10 All Tag
14.3.11 Amersec s.r.o.