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Magnetic Ink Character Recognition (MICR) Devices - Global Market Trajectory & Analytics

  • ID: 5028090
  • Report
  • April 2021
  • Region: Global
  • 276 pages
  • Global Industry Analysts, Inc
Global Magnetic Ink Character Recognition (MICR) Devices Market to Reach $666.9 Million by 2027

Amid the COVID-19 crisis, the global market for Magnetic Ink Character Recognition (MICR) Devices estimated at US$585.5 Million in the year 2020, is projected to reach a revised size of US$666.9 Million by 2027, growing at a CAGR of 1.9% over the period 2020-2027. MICR Printing, one of the segments analyzed in the report, is projected to record 0.9% CAGR and reach US$218.7 Million 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 Recognition Technology segment is readjusted to a revised 2.4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $159.1 Million, While China is Forecast to Grow at 2.9% CAGR

The Magnetic Ink Character Recognition (MICR) Devices market in the U.S. is estimated at US$159.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$119.4 Million by the year 2027 trailing a CAGR of 2.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 1.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Select Competitors (Total 42 Featured):
  • Canon, Inc.
  • Epson America, Inc.
  • Hewlett-Packard Development Company LP
  • MagTek Inc.
  • PT Murni Solusindo Nusantara
  • Rosetta Technologies, Inc.
  • Source Technologies
  • TROY Group, Inc.
  • Uniform Industrial Corporation
  • Xerox Corporation
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown
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