Scope of the Report:This report studies the Counterfeit Money Detection market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Counterfeit Money Detection market by product type and applications/end industries.
The retail industry is expected to dominate the market for counterfeit money detection. However, the transportation industry is expected to witness the highest growth rate during the forecast period. The increasing deployment of kiosks and vending machines at various transportation facilities such as airports and railway stations is the major driver for the increasing demand for counterfeit money detectors in the transportation industry.
Various technologies such as ultraviolet, infrared, magnetic, watermark, microprint, and so on are integrated with the currency detecting devices. Among these, ultraviolet technology is the most popular technology because of its high rate of accuracy for finding a counterfeit note. The magnetic technology is expected to have the highest growth rate. The magnetic properties are monitored with more advanced sensors to detect the genuineness of the banknote. Among the wide range of products offered by various market players, currency sorter is expected to register a high growth rate during the forecast period.
The global Counterfeit Money Detection market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of 6.9% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Counterfeit Money Detection.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers Glory Ltd.
Cummins Allison Corp.
Innovative Technology Ltd.
Crane Payment Innovations
Cassida Corporation
Japan Cash Machine Co., Ltd.
Accubanker
DRI Mark Products Inc.
Fraud Fighter
Royal Sovereign International Inc.
Semacon Business Machines, Inc.
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Ultraviolet
Infrared
Magnetic
Watermark
Microprint
Others
Market Segment by Applications, can be divided into Kiosks
Self-Checkout Machines
Gaming Machines
Vehicle Parking Machines
Automatic Fare Collection Machines
Vending Machines
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
