The Global Counterfeit Money Detection Market Report is equipped with market data from 2014 to 2024. The report gives a market overview covering key drivers and risks factors. The report is bifurcated by top global manufactures mentioning sales, revenue and prices as applicable. It also evaluates the competitive scenario of the leading players. The report expands to cover regional market data along with type and application. The report forecasts sales and revenue from 2019 to 2024. The detailed sales channel is also covered in the study.
Scope of the Report:
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 2018 and is expected to reach xx million USD by the end of 2024, growing at a CAGR of 6.9% between 2019 and 2024.
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 2019 and will be xx million USD in 2024, with a CAGR of xx%.
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.
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