USD 377.75 million
Report ID:
SQSG45J2022 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
88
|Figures:
68
Ignition Interlock Device Market was valued at USD 377.75 million in 2022, and it is expected from USD 406.01 million 2022 to reach a value of USD 723.03 million by 2031, at a CAGR of more than 7.48% over the forecast period (2024-2031).
Provided which meets the programmed sample criteria. An ignition interlock device is used as a tool against drunk driving. Moreover, at random times, the vehicle asks for another breath sample, referred to as a rolling retest. Rising private sector expenditures, increased competition, new product launches, retrofitting and renovation of old technology, and increased adoption will drive growth of the market. The market is expected to be driven by its rising demand in Australia and Europe. Rising private sector expenditures, increased competition, new product launches, retrofitting and renovation of old technology, and increased adoption will drive growth of market. The market is expected to be driven by its rising demand for in Australia and Europe. Rising private sector spending, increased competition, new product launches, retrofitting and renovation of old technology, and increased adoption of ignition interlock devices will drive growth of market. Due to the manufacturing technology being more mature than that of some high-tech equipment, the market is less concentrated globally.
Rapid increase in road fatalities caused due to the drunk driving has led emerging countries such as India, China, and Brazil to adopt strict laws pertaining to the DUI. These countries present an immense growth opportunity to the market as they can adopt ignition interlock devices as a way of curbing the DUI offences. Road transport companies and car fleet operators are expected to voluntarily install ignition interlock devices to discourage drivers from drinking while on the job as well as to ensure the vehicle and cargo safety. Voluntary devices are priced lower than the state mandated devices as the test results are not required to be reported to the state monitoring authorities.
US Ignition Interlock Device Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 377.75 million
Largest Segment
Interlocks with Camera and GPS
Fastest Growth
Interlocks with Camera and GPS
Growth Rate
more than 7.48% CAGR
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Global Ignition Interlock Device Market is segmented by technology, end user, distribution channel and region. Based on technology, the market can be segmented into fuel cell technology, semiconductor technology, and others. Based on end user, the market is segmented into passenger vehicles, and commercial vehicles. Based on distribution channel, the market is segmented into original equipment manufacturers (OEMs), and aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Ignition Interlock Device Market Analysis by Type
The global market is bifurcated based on type into up to standard ignition interlock devices, and interlocks with camera & GPS. The interlocks with camera & GPS is anticipated to hold the largest share in the global market. With the integration of sensors within these devices that are directly connected with the vehicle's engine ignition system, this type of device is becoming more popular in vehicles. When a driver's blood alcohol concentration levels exceed the required limit, these sensors prevent the engine from starting. These are the primary factors driving this segment's market growth.
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The global ignition interlock device market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The North America region is expected to account for the largest market. Increased instances of drink-driving and a sharp increase in the number of accidents as a result have made the installation of ignition interlock devices a mandatory safety standard across North America. In order to ensure road safety, governments are also urging and imposing new mandates for the implementation of these devices. Every December in the United States is designated as "National Impaired Driving Prevention Month," and Intoxalock, a leading name in the ignition interlocks industry, has agreed to support this initiative in 2020.
With this endorsement, it was intended to raise awareness about the initiative as well as the use of its devices. The Automotive Coalition for Traffic Safety recently announced that its commercial vehicle breath-analyzing interlock will be available by the end of 2021. With federal government support, technology for detecting impaired drivers has grown rapidly in response to rising road safety concerns and pressure from organisations such as Mothers Against Drunk Driving (MADD). Such advancements and steps to improve road safety will play a significant role in driving demand for market.
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Ignition Interlock Device Market Driver
High incidence of DUI across the world
Ignition Interlock Device Market Restraint
High cost associated with the installation of and monitoring of interlock ignition devices
Problem of false positives associated with the interlock ignition devices
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The ignition interlock device market is competitive market. Globally, very few companies have specialized themselves in the production of ignition interlock devices. These companies generally lease their devices to consumers and are also liable to monitor and report the persons data to the concerned authorities. As a result, in order to provide reliable services companies, have to charge a maintenance and monitoring fee to the customers. Moreover, the production of ignition interlock device requires access to niche and precise sensor technology to accurately detect the alcohol levels present in a human breath. Companies are making significant investments in research & development activities to improve their sensor technology as well as to improve their service network. Thus, the threat of new entrants is expected to remain low owing to well established presence of these players.
Ignition Interlock Device Market Top Players Company Profiles
Ignition Interlock Device Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our market analysis, the law association and movements collectively acted out laws mandating ignition interlock programmes for all drunk driving offences. Many developing economies' governments are also offering lucrative incentives for the installation of interlock devices on the first conviction, which is expected to boost its market growth in the near future. In comparison to private applications, ignition interlock devices are mostly used for commercial purposes. Ignition interlocks are used voluntarily by commercial fleet owners. Interlocks are required by company regulations to prevent employees from drinking during working hours. The school's requirements for student safety, construction sites, mining, and ignition interlock technical development. Progress, increased private-sector spending, and increased demand for interlocking devices are expected to drive market growth during the forecast period.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 377.75 million |
Market size value in 2031 | USD 723.03 million |
Growth Rate | more than 7.48% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Ignition Interlock Device Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ignition Interlock Device Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ignition Interlock Device Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ignition Interlock Device Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Report ID: SQSG45J2022
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