Huge Demand of North America Ignition Interlock Devices Market during 2021-2031
New Study Reports “North America Ignition Interlock Devices Market 2021, Global Key Players Analysis, Share, Trends, Future Opportunities Forecasts 2031” has been Added on PMR.
Report Overview
This published report for the North America Ignition Interlock Devices Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level. This detailed study North America Ignition Interlock Devices Market also offers the previous historical data along with the forecast from 2021 to 2027. The assessment of the North America Ignition Interlock Devices Market factors gives a brief overview of the impact on the demand over the forecast period. In addition to this, the report also studies the opportunities that are available in the report at the global level. An executive summary is also provided based on the industry snapshot for the period from 2021-2031.
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.
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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.
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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View Table of Content@ https://www.persistencemarketresearch.com/market-research/north-america-ignition-interlock-devices-market/toc
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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