Global Counterfeit Money Detection Industry

Global Counterfeit Money Detection Industry

  • April 2021 •
  • 237 pages •
  • Report ID: 5798267 •
  • Format: PDF
Abstract:
- Global Counterfeit Money Detection Market to Reach $4.1 Billion by 2027
- Amid the COVID-19 crisis, the global market for Counterfeit Money Detection estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027. Coin & Currency Counter, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Currency Sorter segment is readjusted to a revised 5.7% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $832 Million, While China is Forecast to Grow at 5.1% CAGR
- The Counterfeit Money Detection market in the U.S. is estimated at US$832 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$723.1 Million by the year 2027 trailing a CAGR of 5.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
- Currency Detector Segment to Record 5.9% CAGR
- In the global Currency Detector segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$867.3 Million in the year 2020 will reach a projected size of US$1.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$472.3 Million by the year 2027.

- Select Competitors (Total 42 Featured) -
  • AccuBANKER USA
  • Cassida Corporation
  • Crane Payment Innovations
  • Cummins Allison Corp.
  • DRI Mark Products, Inc.
  • Fraud Fighter
  • Glory Ltd.
  • Innovative Technology Ltd.
  • Japan Cash Machine Co., Ltd.
  • Royal Sovereign International, Inc.
  • Semacon Business Machines, Inc.