Alcohol Sensor Market 2019 Global Size, Segments, Emerging factors, Challenges, Growth and Trends by Forecast to 2023

The report on the global Alcohol Sensor market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, key player's market share analysis, competitive landscape and supply chain analysis.

Pune, India - May 15, 2019 /MarketersMedia/ —

Market Highlights:
The alcohol sensor market is expected to touch a valuation of USD 1,985.3 million by 2027, exhibiting a CAGR of 13.5% from 2018 to 2027 (forecast period). It stood at USD 605 million in 2017. The rise in drunk and drive cases is the major factor driving market growth. Efforts taken by governments and law enforcement agencies to curb the mortality rate caused by such incidents are likely to trigger the demand in the alcohol sensor market. This is effectively exemplified by the Driver Alcohol Detection System for Safety (DADSS) for preventing driving under the influence (DUI) of alcohol. The use of breathalyzers and reliance on advanced technologies owing to the rise in alcohol consumption levels can open up growth avenues for the market.

Automotive manufacturers are manufacturing vehicles embedded with advanced technology which can detect high alcohol levels. Nissan, the Japanese car giant, has created a new car which contains alcohol sensors in the gear knob which can discern the presence of high blood alcohol limits of the user and blare out voice alerts and a message on the dashboard.

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Major Key Players

• 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.

According to MRFR, The global Alcohol Sensors Market from a previously valued worth of USD 605 million is expected to triple its worth by 2027. With an impressive 13.5% CAGR during the forecast period, the alcohol sensor market can reach USD 1980 million.

Industry News
Smartphone-based alcohol sensors are on the uptake due to the rising adoption of smartphones globally for smart solutions. The compatibility of these sensors with the latest mobile operating systems gives it an undue advantage in a mobile-friendly world. The BacTrack analyzer is a portable device which can sync with your smartphone device and offer a preventive measure for drivers. The company, BACKtrack, decided to partner with the state police department of Utah, U.S., for distributing these devices to first-time offenders to avoid repeat offences of DUI.

Market Segmentation
The alcohol sensor market is defined by three key dynamics – application, end-user, and technology. By application, the market is segmented into vehicle controlling and healthcare application. The healthcare application is reigning in the alcohol sensor market and accounted for 61% market share in 2017. On the flip side, the vehicle controlling segment is expected to depict a rapid CAGR over the forecast period thanks to the integration of these devices by automotive manufacturers.

End-users in the market include individuals, commercial, and law enforcement agencies. Law enforcement agencies are the largest end-users of the alcohol sensor market and touted to dominate till 2027. This is evident with state troopers utilizing flashlights with in-built sensors for detecting high alcohol levels. On the other hand, the commercial segment can display a robust CAGR over the assessment period.
By technology, the market is segmented into fuel cell technology, semiconductor oxide sensor technology, and others. The fuel cell technology segment is expected to retain the largest market share due to its dependency by law enforcement agencies for detecting high BAC levels with high accuracy.

Regional Analysis
Geographically, the alcohol sensor market covers trends and opportunities across Asia Pacific, Europe, North America, and Rest-of-the-World (RoW).
The North America alcohol sensor market size can touch USD 668.66 million by 2027, exhibiting a CAGR close to 13% over the assessment period. Concerted efforts by governments and law enforcement agencies to curtail alcohol-driven accidents are expected to be the major driver of the region.

The APAC region can showcase a CAGR close to 16% during the assessment period. Change in lifestyles driven by alcohol consumption and need for alcohol measurement devices for preventing drunk driving cases.

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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)
Continued…….

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)
Continued…….

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Organization: Market Research Future
Website: https://www.marketresearchfuture.com/reports/alcohol-sensor-market-6451

Source URL: https://marketersmedia.com/alcohol-sensor-market-2019-global-size-segments-emerging-factors-challenges-growth-and-trends-by-forecast-to-2023/513026

Source: MarketersMedia

Release ID: 513026

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