The global alcohol sensor market growth will be growingly impressively at 13.5% compound annual growth rate over the forecast period of 2018-2027, growing from USD 605 Million in 2017 to approximately USD 1980 million by 2027, states Market Research Future (MRFR) in a minutely analyzed research report.
Personal breathalyzers serve as a means to check drunk driving. They are portable, hygienic and helpful indicators to monitor blood alcohol concentration. Companies are coming up with affordable personal breathalyzers, including features such as facial recognition, tamper-resistance, and automation to create seamless monitoring solution. The market derives its growth from factors such as the recent surge in a number of road accidents, upsurge in substance abuse cases, and an increase in the adoption of personal breathalyzers. The Global Status Report on Road Safety 2015 suggests that alcohol consumption is one of the leading causes of road accidents. Road accidents under the influence of drugs have witnessed a sharp rise which has stimulated several automobile companies to manufacture vehicles with inbuilt alcohol monitoring system to curb the number of accidents under the influence of alcohol. Initiatives such as the Driver Alcohol Detection System for safety (DADSS) undertaken by various research institutions revolutionize technology in the prevention of inebriated driving.
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- Drägerwerk AG & Co. KGaA,
- BACKtrack Inc.,
- Lifeloc Technologies,
- Abbot Laboratories,
- Alcohol Countermeasure Systems (International) Inc.,
- AlcoPro Inc.,
- Giner Labs,
- Honeywell International Inc.,
- Asahi Kasei Corporation,
- Intoximeters Inc.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the document.
The global alcohol sensor market, in MRFR’s report, has been segmented on the basis of technology, application, end-user, and region. By technology, the market is segmented into semiconductor oxide sensor technology, fuel cell technology, and others. The fuel cell technology market is the largest segment among these and is expected to grow at the highest CAGR of 14.5% during the forecast period.
By application, the market is segmented into healthcare application, and the vehicle is controlling. Healthcare applications dominate the market in terms of size and will grow at a CAGR of 12.8% Meanwhile, the vehicle controlling segment is expected to witness the highest CAGR of 14.4% during the forecast period due to the increasing integration of alcohol detection systems in new vehicles in the foreseeable future.
By end-user, the market is segmented into law enforcement agencies, individuals, and commercial. Among these, the law enforcement agencies segment accounts for the largest share of the market while the commercial segment is expected to increase at a marginally higher CAGR of 13.8% during the assessment period.
MRFR’s report on the global alcohol sensors market divides it by region into North America, Europe, Asia Pacific, and the Rest of the World. North America has been observed to have the most significant share of the alcohol sensor market at 36% which valued USD 215.1 Mn in 2017 and will grow to reach a market value of USD 668.6 Mn in 2027. Witnessing growth at a CAGR of 12.9%, the North American alcohol sensors market is expected to proliferate due to the extensive use of breathalyzers or alcohol sensors by law enforcement agencies. Ongoing campaigns and active participation of healthcare facilities and law enforcement in the curbing of driving while under the influence of alcohol is a key factor driving the growth of the regional market.
Meanwhile, the Asia Pacific is expected to grow at the fastest pace while displaying the highest CAGR of 15.9% during the forecast period. Changing lifestyles in the region due to urbanization has increased alcohol consumption and driven the need for alcohol measurement devices to protect other drivers and pedestrians. Moreover, alcohol sensors are semiconductor-based, and the APAC has the largest semiconductor market across the globe. APAC companies are extensively employed in the development of technology, and the region has gained significance as an industrial hub. China leads the market, while India is expected to grow rapidly. The APAC will appreciate reaching a value of USD 560.5 Mn by the end of 2027
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List of Tables
Table 1 Market Synopsis
Table 2 List Of Assumptions
Table 3 Global Alcohol Sensor Market, By Technology, 2017-2027 (Usd Million)
Table 4 Global Alcohol Sensor Market, By Application, 2017-2027 (Usd Million)
Table 5 Global Alcohol Sensor Market, By End-User, 2017-2027 (Usd Million)
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)
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