Source: The online counterfeit economy: consumer electronics, a report made by CSC in 2017
Over the past 10 years, the number of fake goods in the world has doubled. This data has been published in the latest Year-End Intellectual Property Rights Review by the US Department of Homeland Security in 2016 (the most current year tracked). A lot of the counterfeiting comes from China (56%), Hong Kong (36%) and Singapore (2%). The manufacturers of original goods suffer serious losses, some of which occur on the electronics market.
Many modern products contain electronic components: clothes, shoes, watches, jewellery, cars.
Last year, direct losses from the illegal copying of consumer electronics and electronic components in the composition of other goods were about $0.5 trillion.
How to solve this problem?