Report ID: SQSG45J2022
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.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQSG45J2022