| Product Code: ETC5581897 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Grenada smart badge import market experienced a significant increase in concentration in 2024, with top exporting countries being the USA, Singapore, India, Trinidad and Tobago, and Saint Kitts and Nevis. Despite a negative CAGR of -8.72% from 2020 to 2024 and a steep decline in growth rate of -20.49% from 2023 to 2024, the market remains competitive with high levels of shipments from key countries. This suggests a challenging environment for importers, necessitating strategic adaptation to market dynamics.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Smart Badge Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Smart Badge Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Smart Badge Market - Industry Life Cycle |
3.4 Grenada Smart Badge Market - Porter's Five Forces |
3.5 Grenada Smart Badge Market Revenues & Volume Share, By Communication , 2021 & 2031F |
3.6 Grenada Smart Badge Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.7 Grenada Smart Badge Market Revenues & Volume Share, By Application , 2021 & 2031F |
4 Grenada Smart Badge Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of smart technology in Grenada |
4.2.2 Growing awareness about the benefits of smart badges in various industries |
4.2.3 Government initiatives promoting digitalization and smart solutions |
4.3 Market Restraints |
4.3.1 High initial cost of implementing smart badge technology |
4.3.2 Concerns regarding data privacy and security issues |
4.3.3 Limited technical expertise and infrastructure in Grenada |
5 Grenada Smart Badge Market Trends |
6 Grenada Smart Badge Market Segmentations |
6.1 Grenada Smart Badge Market, By Communication |
6.1.1 Overview and Analysis |
6.1.2 Grenada Smart Badge Market Revenues & Volume, By Contact , 2021-2031F |
6.1.3 Grenada Smart Badge Market Revenues & Volume, By ContactLess, 2021-2031F |
6.2 Grenada Smart Badge Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Smart Badge Market Revenues & Volume, By Smart Badges with Display, 2021-2031F |
6.2.3 Grenada Smart Badge Market Revenues & Volume, By Smart Badges without Display, 2021-2031F |
6.3 Grenada Smart Badge Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Smart Badge Market Revenues & Volume, By Government and Healthcare, 2021-2031F |
6.3.3 Grenada Smart Badge Market Revenues & Volume, By Corporate, 2021-2031F |
6.3.4 Grenada Smart Badge Market Revenues & Volume, By Event and Entertainment, 2021-2031F |
6.3.5 Grenada Smart Badge Market Revenues & Volume, By Retail and Hospitality, 2021-2031F |
6.3.6 Grenada Smart Badge Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Smart Badge Market Import-Export Trade Statistics |
7.1 Grenada Smart Badge Market Export to Major Countries |
7.2 Grenada Smart Badge Market Imports from Major Countries |
8 Grenada Smart Badge Market Key Performance Indicators |
8.1 Percentage increase in the number of businesses adopting smart badge technology |
8.2 Growth in the number of smart badge solution providers entering the Grenada market |
8.3 Number of government policies and initiatives supporting the use of smart badges in various sectors |
9 Grenada Smart Badge Market - Opportunity Assessment |
9.1 Grenada Smart Badge Market Opportunity Assessment, By Communication , 2021 & 2031F |
9.2 Grenada Smart Badge Market Opportunity Assessment, By Type , 2021 & 2031F |
9.3 Grenada Smart Badge Market Opportunity Assessment, By Application , 2021 & 2031F |
10 Grenada Smart Badge Market - Competitive Landscape |
10.1 Grenada Smart Badge Market Revenue Share, By Companies, 2024 |
10.2 Grenada Smart Badge Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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