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.
The North America ignition interlock devices market is estimated to reach US$ 52.76 Mn by the end of 2021, states a revised study by Persistence Market Research. Ignition interlock device demand out lookin this region remains strong, with the market expected to top US$ 110 Mn by the end of 2031.
Industry analysis on ignition interlock devices on North America depicts that the U.S. holds a mammoth share of 80% in the region, and the market here is expected to expand at a CAGR of 6%, which is higher than the regional CAGR of 4.4%.
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FACTS AT A GLANCE
Companies: Smartstart Inc., Lifesafer Inc., Drägerwerk AG & Co. KGaA, Alcohol Countermeasure Systems (International) Inc., Intoxalock, Monitech LLC, Alco Alert Interlock, Inc., and Guardian Interlock System Corp.
Coverage: All major geographies and key segments
Segments: Ignition Interlock Devices Market Segmented By Fuel Cell Technology, Semiconductor Technology in Compliance Segment, Commercial Segment
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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North America Ignition Interlock Devices Market: Report Scope
Ignition interlock device (IID) is an advanced breathalyzer connected to a vehicle’s ignition system. The amount of alcohol in a person’s breath is an indicator of an amount of alcohol present in his/her blood/body. IID prevents the ignition of the vehicle if the driver’s breath alcohol level exceeds that pre-set on the device.
IID is mainly connected to the vehicle dashboard or somewhere within the reach of the driver’s seat. IIDs are used as a tool by National Highway Transport Safety Authority (NHTSA) for controlling and reducing drunk driving incidences.
This report covers the North America market for ignition interlock devices in terms of value and volume. The report covers key trends drivers, restraints, and opportunities influencing the growth of the North America ignition Interlock devices market currently. Impact analysis of the key market drivers and restraints has also been measured based on the weighted average model to better equip clients with crystal clear decision-making insights.
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The North America ignition interlock devices market is mainly driven by factors such as increasing number of driving under influence (DUI) incidence in the U.S. and Canada, increasing involvement of social organizations such as Mother Against Drunk Driving (MADD) and Fathers Against Drunk Driving (FADD), and use of ignition interlock devices by commercial fleet owners to avoid possible future accidents.
However, social awkwardness caused while blowing into the ignition interlock device and high cost involved in the usage of the device are some of the restraints that are expected to hinder the growth of the ignition interlock devices market in North America over the forecast period.
On the basis of end use, the market is segmented into compliance segment and commercial segment. The compliance segment includes the convicted drivers of passenger vehicles while the commercial segment includes the convicted drivers of commercial vehicles. However, the voluntary users of ignition interlock devices in the commercial segment are increasing in view of the rising user awareness about avoiding potential DUI incidences.
Besides, the report also segments the market on the basis of technology into fuel cell technology and semiconductor technology, and on the basis of the country into the U.S and Canada. Among the technology segments, the fuel cell technology segment is expected to dominate the market throughout the forecast period of 2021 to 2031, and is expected to expand at a healthy CAGR.
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