Market Overview:
The global portable desktop currency detector market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing use of portable desktop currency detectors in retail stores and banks for detecting counterfeit currencies. Additionally, the growing awareness about the benefits of using these detectors is also contributing to the growth of this market. The global portable desktop currency detector market can be segmented on the basis of type into fluorescence detection and magnetic detection. The fluorescence detection segment is expected to account for a larger share of the global market than the magnetic detection segment duringthe forecast period from 2018to 2030 owingto its higher accuracy levels and low false positive rates as compared with other typesof detectors available in themarket.
Product Definition:
A desktop currency detector is a device that is used to determine the authenticity of paper money. They are often used in retail settings, such as banks or stores, to prevent counterfeit bills from being accepted.
Fluorescence detection:
Fluorescence detection is a procedure where the object to be searched is exposed to light and its excitation and emission spectra are observed. The procedure can be used for currency detection in portable desktop currencies detector by using a fluorescence microscope.
The global market for portable desktop currencies detector was valued at over USD 1 billion in 2012.
Magnetic detection:
Magnetic detection is a technology that uses magnetic field for detecting the presence and location of metallic objects such as banknotes, cheque, or credit cards. The technology was first developed in the 19th century and has been used by security agencies to detect counterfeit currency. However, it has recently gained popularity due to its use in cashless payment systems such as Oyster Card and smart card.
Application Insights:
The bank application segment accounted for the largest share in 2017 and is projected to expand further at a steady CAGR over the forecast period. The growing importance of banks as an important part of the financial system, coupled with a rise in anti-money laundering regulations, has resulted in increased demand for currency detectors at banks.
Portable currency detectors are used by retailers to deter theft and robberies that may be facilitated by counterfeit notes or alphabets. These devices help monitor large areas quickly and efficiently identify suspicious movement across multiple lanes simultaneously thereby reducing detection time which results in higher adoption rate among smaller stores/markets where speed is crucial to business operations. Furthermore, increasing adoption of these devices among mediumsized supermarkets due to high safety concerns has been observed since last few years while adopting new technologies especially during busy seasons such as Christmas & Thanksgiving Day where huge sales take place across U.S.
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is a major revenue contributor to the regional market owing to high demand for currency detectors from banks and financial institutions, coupled with law enforcement agencies. Furthermore, increasing cases of money laundering have led to an increase in demand for portable currency detectors across this region as they help identify counterfeit bills easily and quickly.
Asia Pacific is expected to be one of the fastest-growing regions over the forecast period owing to rising instances of crime against women at public places such as buses and trains resulting in an increased risk of sexual assault on women travelers using these platforms.
Growth Factors:
- Increasing demand for counterfeit currency detection in developing countries
- Growing awareness about the benefits of using portable desktop currency detectors among businesses and consumers
- Technological advancements that make these devices more efficient and user-friendly
- Rising instances of fraud and money laundering across the globe
- Implementation of stringent regulations governing the use of currency detectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Desktop Currency Detector Market Research Report
By Type
Fluorescence detection, Magnetic detection
By Application
Bank, Supermarket, Store, Other
By Companies
Drimark, G-Star, Sharpie, Cassida, Panaria, NEOPlex, MMF, Royal Sovereign, Centurion, AccuBANKER, Crystal Vision, Ribao, UBICON, TOOGOO, StreetWise, Brodwax, Flexzion
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 Portable Desktop Currency Detector Market Report Segments:
The global Portable Desktop Currency Detector market is segmented on the basis of:
Types
Fluorescence detection, Magnetic detection
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
Bank, Supermarket, Store, Other
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:
- Drimark
- G-Star
- Sharpie
- Cassida
- Panaria
- NEOPlex
- MMF
- Royal Sovereign
- Centurion
- AccuBANKER
- Crystal Vision
- Ribao
- UBICON
- TOOGOO
- StreetWise
- Brodwax
- Flexzion
Highlights of The Portable Desktop Currency 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:
- Fluorescence detection
- Magnetic detection
- By Application:
- Bank
- Supermarket
- Store
- Other
- 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 Portable Desktop Currency 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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- Correctly Positioning New Products
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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?
The Portable Desktop Currency Detector is a small, portable device that can be used to detect the presence of currency in a given area. This device can be used to help law enforcement officials identify and track down criminals who are suspected of using illegal money transactions.
Some of the major players in the portable desktop currency detector market are Drimark, G-Star, Sharpie, Cassida, Panaria, NEOPlex, MMF, Royal Sovereign, Centurion, AccuBANKER, Crystal Vision, Ribao, UBICON, TOOGOO, StreetWise, Brodwax, Flexzion.
The portable desktop currency detector market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Portable Desktop Currency 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. Portable Desktop Currency Detector Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Portable Desktop Currency Detector Market - Supply Chain
4.5. Global Portable Desktop Currency Detector Market Forecast
4.5.1. Portable Desktop Currency Detector Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Portable Desktop Currency Detector Market Size (000 Units) and Y-o-Y Growth
4.5.3. Portable Desktop Currency Detector Market Absolute $ Opportunity
5. Global Portable Desktop Currency 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. Portable Desktop Currency Detector Market Size and Volume Forecast by Type
5.3.1. Fluorescence detection
5.3.2. Magnetic detection
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Portable Desktop Currency 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. Portable Desktop Currency Detector Market Size and Volume Forecast by Application
6.3.1. Bank
6.3.2. Supermarket
6.3.3. Store
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Portable Desktop Currency 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. Portable Desktop Currency 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 Portable Desktop Currency 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. Portable Desktop Currency 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 Portable Desktop Currency Detector Demand Share Forecast, 2019-2026
9. North America Portable Desktop Currency 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 Portable Desktop Currency 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 Portable Desktop Currency Detector Market Size and Volume Forecast by Application
9.4.1. Bank
9.4.2. Supermarket
9.4.3. Store
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Portable Desktop Currency Detector Market Size and Volume Forecast by Type
9.7.1. Fluorescence detection
9.7.2. Magnetic detection
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 Portable Desktop Currency Detector Demand Share Forecast, 2019-2026
10. Latin America Portable Desktop Currency 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 Portable Desktop Currency 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 Portable Desktop Currency Detector Market Size and Volume Forecast by Application
10.4.1. Bank
10.4.2. Supermarket
10.4.3. Store
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Portable Desktop Currency Detector Market Size and Volume Forecast by Type
10.7.1. Fluorescence detection
10.7.2. Magnetic detection
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 Portable Desktop Currency Detector Demand Share Forecast, 2019-2026
11. Europe Portable Desktop Currency 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 Portable Desktop Currency 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 Portable Desktop Currency Detector Market Size and Volume Forecast by Application
11.4.1. Bank
11.4.2. Supermarket
11.4.3. Store
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Portable Desktop Currency Detector Market Size and Volume Forecast by Type
11.7.1. Fluorescence detection
11.7.2. Magnetic detection
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 Portable Desktop Currency Detector Demand Share, 2019-2026
12. Asia Pacific Portable Desktop Currency 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 Portable Desktop Currency 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 Portable Desktop Currency Detector Market Size and Volume Forecast by Application
12.4.1. Bank
12.4.2. Supermarket
12.4.3. Store
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Portable Desktop Currency Detector Market Size and Volume Forecast by Type
12.7.1. Fluorescence detection
12.7.2. Magnetic detection
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 Portable Desktop Currency Detector Demand Share, 2019-2026
13. Middle East & Africa Portable Desktop Currency 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 Portable Desktop Currency 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 Portable Desktop Currency Detector Market Size and Volume Forecast by Application
13.4.1. Bank
13.4.2. Supermarket
13.4.3. Store
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Portable Desktop Currency Detector Market Size and Volume Forecast by Type
13.7.1. Fluorescence detection
13.7.2. Magnetic detection
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 Portable Desktop Currency Detector Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Portable Desktop Currency Detector Market: Market Share Analysis
14.2. Portable Desktop Currency Detector Distributors and Customers
14.3. Portable Desktop Currency Detector Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Drimark
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. G-Star
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sharpie
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cassida
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Panaria
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NEOPlex
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MMF
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Royal Sovereign
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Centurion
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. Crystal Vision
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ribao
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. UBICON
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TOOGOO
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. StreetWise
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Brodwax
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Flexzion
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook