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Alcohol Sensor Service Market to be Accelerated by Soaring Road Accidents

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Alcohol Sensor Service Market to be Accelerated by Soaring Road Accidents

September 17
12:45 2019
Alcohol Sensor Service Market to be Accelerated by Soaring Road Accidents

Alcohol Sensor Service Market
This report provides intensive study of alcohol sensor services market elements such as historical data, key developments, consumer behavior pattern, etc. is undertaken for deducing reliable foresights. Data is procured through vigorous primary and secondary research for an in-depth analysis of the market

Market Highlights

The global alcohol sensor services market is anticipated to surpass a valuation of USD 1985.3 million, attaining an impressive CAGR of 13.5% during the forecast period (2018-2027), Market Research Future (MRFR) reveals in a detailed report. Alcohol sensors are generally known as breathalyzers or breath analyzers and have witnessed substantial growth in alcohol consumption.

The global alcohol sensor services segment market has witnessed a tectonic surge over the past few years. Rapid urbanization and globalization and increasing disposable income have drastically changed lifestyles across the globe. Modern socialization activities also involve alcohol consumption. To prevent people from driving while intoxicated, alcohol sensors, and personal breathalyzers are experiencing soaring demand. Consumption of alcohol has increased dramatically in the past few years, which has resulted in an increase in recorded driving under the influence and accidents caused by the same.

Governments across countries are imposing laws in order to prevent excessive drinking in restricted areas and public places. Authorities are relying on technologies which can assist them in testing people, especially drives if they have consumed alcohol. Such factors are likely to create lucrative growth opportunities for the alcohol sensor services market globally. Healthcare facilities are adopting personal alcohol sensors for measuring the alcohol level in the blood, which further spurs the market growth. With the increasing number of road accidents due to alcohol consumption has further increased the demand for alcohol sensor services worldwide.

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Segmentation:

The global alcohol sensor services market is segmented on the basis of application, end user, and technology.

By application, the alcohol sensor services market is segmented into vehicle controlling and healthcare application. Of these, the healthcare application segment will dominate the market in terms of size, garnering a CAGR of 12.8%. On the other hand, the vehicle controlling segment will obtain the highest CAGR of 14.4%, owing to the soaring integration of alcohol detection systems in new vehicles.

The market by technology is segmented into fuel cell technology, semiconductor oxide sensor technology, and others. Of these, the fuel technology segment is likely to acquire the largest share in the global market and garner a CAGR of 14.5%.

By end users, the alcohol sensor services market is segmented into law enforcement agencies, commercial, and individuals. Of these, the law enforcement agencies segment is predicted to obtain the largest share in the market. The commercial segment will increase at a CAGR of 13.8%.

Regional Analysis:

Geographically, the global alcohol sensor services market spans across Europe, North America, Asia Pacific, and the Rest of the World (RoW).

Considering the global scenario, North America has been identified to have the most significant share in the global market. The regional market valued USD 215.1 million in 2017 and is likely to surpass a valuation of USD 668.6 million by the end of 2027. With a CAGR of 12.9%, the regional market is estimated to boost owing to the soaring use of alcohol sensors or breathalyzers by law enforcement agencies. Active participation of healthcare facilities and ongoing campaigns regarding the awareness of alcohol sensors, along with law enforcement, to curtail the consumption of alcohol are some of the prominent factors accelerating the market growth in the region.

Asia Pacific will expand at the fastest pace, showcasing the highest CAGR of 15.9%. The major factors propelling the market growth are the changing lifestyle due to urbanization, which has augmented the consumption of alcohol and the surging need for alcohol measurement equipment to protect pedestrians and drivers. Alcohol sensors are semiconductor-based, and as the Asia Pacific has the largest semiconductor market in the world, the market alcohol sensor services market is likely to flourish in the APAC. The region is estimated to surpass a valuation of USD 560.5 million by 2027.

Competitive Dashboard:

The players operating in the global alcohol sensor services market include BACKtrack Inc., Drägerwerk AG & Co. KGaA, Abbot Laboratories, Lifeloc Technologies, AlcoPro Inc., Alcohol Countermeasure Systems (International) Inc., Honeywell International Inc., Giner Labs, Intoximeters Inc., and Asahi Kasei Corporation.

Industry Updates

June 2019: Australia is all set to introduce alcohol detection and passive drug detection devices into cars to minimize the road toll. It will gradually become a mandate in every new car sold. Drug detectors and passive alcohol devices are listed by the UN in its guidelines for mandatory safety devices integrated into new cars.

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List of Figures

FIGURE 1 GLOBAL ALCOHOL SENSOR MARKET: MARKET STRUCTURE

FIGURE 2 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2027)

FIGURE 3 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2027)

FIGURE 4 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2017 VS 2027)

FIGURE 5 REST OF THE WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2027)

FIGURE 6 RESEARCH PROCESS OF MRFR

FIGURE 7 TOP DOWN & BOTTOM UP APPROACH

FIGURE 8 DOC ANALYSIS OF GLOBAL ALCOHOL SENSOR MARKET 

FIGURE 9 DRIVERS IMPACT ANALYSIS: ALCOHOL SENSOR MARKET

FIGURE 10 RESTRAINTS IMPACT ANALYSIS: ALCOHOL SENSOR MARKET

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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