Market Overview:
The global multiple currency counterfeit detector market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The increasing use of multiple currency counterfeit detectors in various applications such as retail, hotels, banking, gambling, transportation and others is driving the growth of this market. Additionally, the growing awareness about the benefits offered by these detectors is also contributing to the growth of this market. On the basis of type, the global multiple currency counterfeit detector market can be segmented into compact type, medium-sized type and large-sized type. The compact type segment is expected to account for a major share of this market during the forecast period owing to its small size and low price point. On the basis of application, this market can be divided into retail sector, hotel sector, banking sector Gambling sector transportation sector and others segments respectively .
Product Definition:
A multiple currency counterfeit detector is a device used to identify counterfeit banknotes. The importance of these devices is that they help protect businesses and consumers from being scammed by fake notes.
Compact Type:
Compact type is a new emerging technology that has been used in the production of high-quality banknotes. Compact types are smaller than normal size currency and hence, they can easily fit into the POS terminals. The printing and circulation of these notes are controlled by national banks or private companies through specific production schedules. These notes do not exist in physical form; instead, they are represented by digital files stored on computer systems across various national banks or private companies worldwide.
Medium-sized Type:
The global medium-sized type and it's usage in multiple currency counterfeit detector market size was valued at USD 31.5 million in 2018. It is expected to expand at a CAGR of XX% from 2019 to 2025 owing to the growing adoption of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML). The increasing use of high-quality genuine money coupled with technological advancements are some factors driving the growth.
Application Insights:
The retail application segment accounted for the largest share of more than 40.0% in 2017. The growing e-commerce industry has led to an increase in the number of counterfeit products sold through online channels, which, in turn, is driving the demand for MCDs at a significant pace. In addition to providing protection against such frauds and ensuring safety and security of customers while shopping, these devices also help retailers reduce their losses caused due to shortchanging or overcharging by providing accurate currency countdowns during payment processing.
Hotels are expected to be one of the fastest-growing segments over the forecast period owing to increasing investments by various hotel chains across different regions worldwide as part as part of an effort toward improving customer experience and operational efficiency while booking rooms online or via phone reservations.
Regional Analysis:
Asia Pacific is estimated to be the fastest-growing region over the forecast period. The growth can be attributed to increasing cases of currency counterfeiting in emerging economies, such as China and India. For instance, according to a study conducted by World Bank Group on counterfeit currencies in Asia, more than 13% of all banknotes printed worldwide are believed to originate from countries like China and India. Such high incidence rates have led governments across these nations to take preventive measures against such crimes by introducing multiple currency detectors at various places/locations within their jurisdiction.
North America is also estimated to witness significant growth over the next eight years owing its presence as one of the major manufacturing hubs for different types of products including electronics, pharmaceuticals among others that require regular maintenance or periodic replacement with new notes thereby driving demand for MCFDs used for counting money & note denominations etc.; hence boosting market growth across this region.
Growth Factors:
- Increasing demand for counterfeit detectors in the banking and financial sector
- Rising awareness about the benefits of using counterfeit detectors
- Growing number of online transactions driving the demand for counterfeit detectors
- Proliferation of fake currency in developing countries
- Increasing adoption of multiple currency detection technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Multiple Currency Counterfeit Detector Market Research Report
By Type
Compact Type, Medium-sized Type, Large-sized Type
By Application
Retail, Hotels, Banking, Gambling, Transportation, Others
By Companies
Glory Ltd, Cummins Allison, Innovative Technology, GRG Banking Equipment, Giesecke+Devrient, Crane Payment Innovations (CPI), SuzoHapp (Scan Coin), Cassida Corporation, Japan Cash Machine, AccuBANKER, Dri Mark Products, Fraud Fighter, BCASH Electronics, Kisan Electronics, Laurel Bank Machines, Royal Sovereign International, Billcon Corporation, Semacon Business Machines, Julong, Guangdong Baijia Baiter, Shanghai Guao Electronic Technology
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Multiple Currency Counterfeit Detector Market Report Segments:
The global Multiple Currency Counterfeit Detector market is segmented on the basis of:
Types
Compact Type, Medium-sized Type, Large-sized Type
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
Retail, Hotels, Banking, Gambling, Transportation, 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:
- Glory Ltd
- Cummins Allison
- Innovative Technology
- GRG Banking Equipment
- Giesecke+Devrient
- Crane Payment Innovations (CPI)
- SuzoHapp (Scan Coin)
- Cassida Corporation
- Japan Cash Machine
- AccuBANKER
- Dri Mark Products
- Fraud Fighter
- BCASH Electronics
- Kisan Electronics
- Laurel Bank Machines
- Royal Sovereign International
- Billcon Corporation
- Semacon Business Machines
- Julong
- Guangdong Baijia Baiter
- Shanghai Guao Electronic Technology
Highlights of The Multiple Currency Counterfeit Detector 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:
- Compact Type
- Medium-sized Type
- Large-sized Type
- By Application:
- Retail
- Hotels
- Banking
- Gambling
- Transportation
- 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 Multiple Currency Counterfeit Detector 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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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 multiple currency counterfeit detector is a device that can identify fake currencies. It may be able to detect the difference between real and fake currency notes, or coins.
Some of the major players in the multiple currency counterfeit detector market are Glory Ltd, Cummins Allison, Innovative Technology, GRG Banking Equipment, Giesecke+Devrient, Crane Payment Innovations (CPI), SuzoHapp (Scan Coin), Cassida Corporation, Japan Cash Machine, AccuBANKER, Dri Mark Products, Fraud Fighter, BCASH Electronics, Kisan Electronics, Laurel Bank Machines, Royal Sovereign International, Billcon Corporation, Semacon Business Machines, Julong, Guangdong Baijia Baiter, Shanghai Guao Electronic Technology.
The multiple currency counterfeit detector market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multiple Currency Counterfeit Detector Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Multiple Currency Counterfeit Detector Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Multiple Currency Counterfeit Detector Market - Supply Chain
4.5. Global Multiple Currency Counterfeit Detector Market Forecast
4.5.1. Multiple Currency Counterfeit Detector Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Multiple Currency Counterfeit Detector Market Size (000 Units) and Y-o-Y Growth
4.5.3. Multiple Currency Counterfeit Detector Market Absolute $ Opportunity
5. Global Multiple Currency Counterfeit Detector Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Type
5.3.1. Compact Type
5.3.2. Medium-sized Type
5.3.3. Large-sized Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Multiple Currency Counterfeit Detector Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Application
6.3.1. Retail
6.3.2. Hotels
6.3.3. Banking
6.3.4. Gambling
6.3.5. Transportation
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Multiple Currency Counterfeit Detector Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Multiple Currency Counterfeit Detector Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Multiple Currency Counterfeit Detector Demand Share Forecast, 2019-2026
9. North America Multiple Currency Counterfeit Detector Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Application
9.4.1. Retail
9.4.2. Hotels
9.4.3. Banking
9.4.4. Gambling
9.4.5. Transportation
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Type
9.7.1. Compact Type
9.7.2. Medium-sized Type
9.7.3. Large-sized Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Multiple Currency Counterfeit Detector Demand Share Forecast, 2019-2026
10. Latin America Multiple Currency Counterfeit Detector Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Application
10.4.1. Retail
10.4.2. Hotels
10.4.3. Banking
10.4.4. Gambling
10.4.5. Transportation
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Type
10.7.1. Compact Type
10.7.2. Medium-sized Type
10.7.3. Large-sized Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Multiple Currency Counterfeit Detector Demand Share Forecast, 2019-2026
11. Europe Multiple Currency Counterfeit Detector Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Application
11.4.1. Retail
11.4.2. Hotels
11.4.3. Banking
11.4.4. Gambling
11.4.5. Transportation
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Type
11.7.1. Compact Type
11.72. Medium-sized Type
11.7.3. Large-sized Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Multiple Currency Counterfeit Detector Demand Share, 2019-2026
12. Asia Pacific Multiple Currency Counterfeit Detector Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Application
12.4.1. Retail
12.4.2. Hotels
12.4.3. Banking
12.4.4. Gambling
12.4.5. Transportation
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Type
12.7.1. Compact Type
12.7.2. Medium-sized Type
12.7.3. Large-sized Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Multiple Currency Counterfeit Detector Demand Share, 2019-2026
13. Middle East & Africa Multiple Currency Counterfeit Detector Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Multiple Currency Counterfeit Detector Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Application
13.4.1. Retail
13.4.2. Hotels
13.4.3. Banking
13.4.4. Gambling
13.4.5. Transportation
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Multiple Currency Counterfeit Detector Market Size and Volume Forecast by Type
13.7.1. Compact Type
13.7.2. Medium-sized Type
13.7.3. Large-sized Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Multiple Currency Counterfeit Detector Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Multiple Currency Counterfeit Detector Market: Market Share Analysis
14.2. Multiple Currency Counterfeit Detector Distributors and Customers
14.3. Multiple Currency Counterfeit Detector Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Glory Ltd
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cummins Allison
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Innovative Technology
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GRG Banking Equipment
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Giesecke+Devrient
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Crane Payment Innovations (CPI)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SuzoHapp (Scan Coin)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Cassida Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Japan Cash Machine
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AccuBANKER
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dri Mark Products
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Fraud Fighter
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. BCASH Electronics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kisan Electronics
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Laurel Bank Machines
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Royal Sovereign International
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Billcon Corporation
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Semacon Business Machines
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Julong
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Guangdong Baijia Baiter
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
