North America Ignition Interlock Devices Market 2021-2031
New Study Reports ” North America Ignition Interlock Devices Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031″ has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “North America Ignition Interlock Devices Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The North America Ignition Interlock Devices Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the North America Ignition Interlock Devices market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
This report also analyzes the impact of Coronavirus COVID-19 on the North America Ignition Interlock Devices industry.
As per a revised study conducted by Persistence Market Research, the North America ignition interlock devices market has been estimated to account for US$ 52.76 Mn in 2021, and is expected to reach US$ 110 Mn by 2031, expanding at a CAGR of 4.4% over the said period.
In this report, the market has been segmented on the basis of technology, end use, and country. Each country is further segmented on the basis of technology and end-use.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Smartstart Inc., Lifesafer Inc., Alcohol Countermeasure Systems, Intoxalock, Drägerwerk AG & Co. KGaA, Monitech LLC, Alco Alert Interlock, Inc., and Guardian Interlock, LLC and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the North America Ignition Interlock Devices.
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By technology, the market is segmented into two types, i.e., fuel cell technology and semiconductor technology. The fuel cell technology segment has been estimated to dominate the North America ignition interlock devices market by 2031 end. This growth can be attributed to alcohol-specific judgment offered by fuel cell technology, high accuracy, calibration stability, and durability.
In terms of end use, ignition interlock devices market in North America is classified as compliance segment and commercial segment. Compliance segment includes users of ignition interlock devices who are convicted in DUI incidences. Compliance segment has been estimated to account for approximately 97.3% of the total market revenue and is expected to expand at a healthy CAGR during the forecast period. The commercial segment is anticipated to register a slightly lower CAGR in terms of value during the forecast period.
In North America market, the semiconductor technology segment has been estimated to account for a miniscule share by 2021-end, and is anticipated to expand at a steady CAGR during the forecast period owing to economical pricing as compared to fuel cell technology.
The ignition interlock devices market in North America is mainly driven by stringent NHTSA regulation against drunk driving, voluntary use of ignition interlock devices by commercial fleet owners as a preventive measure against drunk driving, reduction in driving license suspension period of convicted driver using of ignition interlock devices, state ignition interlock programs etc.
Involvement of social organizations such as Mothers Against Drunk Driving (MADD) or Fathers Against Drunk Driving (FADD) has been contributing significantly to increased demand for ignition interlock devices in North America.
However, launch of inbuilt ignition interlock systems by OEMs such as Volvo, or introduction of newer technologies – such as Sober Steering Company’s sensor technology which allows driver to confirm sobriety by placing a hand on a sensor pad attached to the dashboard or steering wheel – could pose a major threat to growth of the overall ignition interlock devices market. Social awkwardness caused while using a device in public could also pose as a restraint.
Country-wise, the U.S. has been estimated to dominate the North America ignition interlock devices market by 2021-end, and is expected to expand at CAGR of 6% in terms of volume during the forecast period. This can mainly attribute to ignition interlock programs in each state in the U.S.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
North America Ignition Interlock Devices Market Manufacturers
North America Ignition Interlock Devices Market Distributors/Traders/Wholesalers
North America Ignition Interlock Devices Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the North America Ignition Interlock Devices Market Report:
- The North America Ignition Interlock Devices Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the North America Ignition Interlock Devices Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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