Counterfeit Money Detection Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Product (Currency Detector, Currency Collector, Currency Sorter), By Technology (Infrared, Magnetic, Ultraviolet, Others), By End User (Banking, Retail, Hospitality, Others), And By Geography - Forecasts From 2019 To 2024

  • Published : May 2021
  • Report Code : KSI061610848
  • Pages : 128

The counterfeit money detection market was valued at US$3.298 billion in 2017 and is projected to expand at a CAGR of 5.59% over the forecast period to reach US$4.569 billion by 2023. The counterfeit money detection market is growing on account of the strict government policies and regulation which prohibits the circulation of fake currency and as such many financial institutions, as well as other public places, are deploying counterfeit money detectors.

Research Methodology

The report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segments which have been covered as part of the report.

Market Dynamics

This section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities that exist in the current market. This section of the report also provides industry regulation as a whole; key industry, global and regional regulations which are determining the market growth, and a brief technological aspect of counterfeit money detection. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.

Key industry players profiled as part of this report are Japan Cash Machine, Fraud Fighter, Glory Ltd., Crane Payment Innovations, Cassida Corporation, Royal Sovereign, and Innovative Technology.

Counterfeit Money Detection Market Scope:

Report Metric Details
 Market size value in 2017  US$3.298 billion
 Market size value in 2023  US$4.569 billion
 Growth Rate  CAGR of 5.59% during the forecast period
 Base year  2017
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Product, Technology, End User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Japan Cash Machine, Fraud Fighter, Glory Ltd., Crane Payment Innovations, Cassida   Corporation, Royal Sovereign, Innovative Technology
 Customization scope  Free report customization with purchase



Segments covered under the counterfeit money detection market report are as below:

By Product

Currency Detector

Currency Collector

Currency Sorter


By Technology






By End User






By Geography


North America

South America

Europe Middle East and Africa


Middle East and Africa

Asia Pacific

1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Segmentation
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Technological Overview
4.6. Industry Regulations
4.7. Porter’s 5 Forces Analysis 
4.8. Industry Value Chain Analysis
4.8. Scenario Analysis
5. Global Counterfeit Money Detection Market Forecast by Product (US$ billion) 
5.1. Currency Detector
5.2. Currency Collector
5.3. Currency Sorter
6. Global Counterfeit Money Detection Market Forecast by Technology (US$ billion) 
6.1. Infrared
6.2. Magnetic
6.3. Ultraviolet 
6.4. Others
7. Global Counterfeit Money Detection Market Forecast by End-User (US$ billion) 
7.1. Banking
7.2. Retail
7.3. Hospitality
7.4. Others
8. Global Counterfeit Money Detection Market Forecast by Geography (US$ billion) 
8.1. Americas
8.1.1. North America 
8.1.2. South America
8.2. Europe Middle East and Africa
8.2.1. Europe
8.2.2. Middle East and Africa
8.3. Asia Pacific 
9. Competitive Intelligence
9.1. Market Share Analysis
9.2. Recent Investment and Deals 
9.3. Strategies of Key Players
10. Company Profiles
10.1. Japan Cash Machine
10.2. Fraud Fighter
10.3. Glory Ltd.
10.4. Crane Payment Innovations
10.5. Cassida Corporation
10.6. Royal Sovereign
10.7. Innovative Technology

Japan Cash Machine
Fraud Fighter
Glory Ltd.
Crane Payment Innovations
Cassida Corporation
Royal Sovereign
Innovative Technology