North America Ignition Interlock Devices Market Expected to Top US$ 110 Mn by the end of 2031

North America Ignition Interlock Devices Market 2022-2031

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 2022, and is expected to reach US$ 110 Mn by 2031, expanding at a CAGR of 4.4% over the said period.

Request for Free Sample Report of “North America Ignition Interlock Devices” Market @ https://www.persistencemarketresearch.com/samples/9170

In this report, the market has been segmented on the basis of technology, end use, and country. Each country is further segmented on the basis of technology and end-use.

Key Players:

The report has profiled some of the Important players prevalent in the global like – Smartstart Inc., Lifesafer Inc., Alcohol Countermeasure Systems, Intoxalock, Drägerwerk AG & Co. KGaA, Monitech LLC, Alco Alert Interlock, Inc., and Guardian Interlock, LLC  and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the North America Ignition Interlock Devices.                                                                                  

By technology, the market is segmented into two types, i.e., fuel cell technology and semiconductor technology. The fuel cell technology segment has been estimated to dominate the North America ignition interlock devices market by 2031 end. This growth can be attributed to alcohol-specific judgment offered by fuel cell technology, high accuracy, calibration stability, and durability.

In terms of end use, ignition interlock devices market in North America is classified as compliance segment and commercial segment. Compliance segment includes users of ignition interlock devices who are convicted in DUI incidences. Compliance segment has been estimated to account for approximately 97.3% of the total market revenue and is expected to expand at a healthy CAGR during the forecast period. The commercial segment is anticipated to register a slightly lower CAGR in terms of value during the forecast period.

In North America market, the semiconductor technology segment has been estimated to account for a miniscule share by 2022-end, and is anticipated to expand at a steady CAGR during the forecast period owing to economical pricing as compared to fuel cell technology.

The ignition interlock devices market in North America is mainly driven by stringent NHTSA regulation against drunk driving, voluntary use of ignition interlock devices by commercial fleet owners as a preventive measure against drunk driving, reduction in driving license suspension period of convicted driver using of ignition interlock devices, state ignition interlock programs etc.

Involvement of social organizations such as Mothers Against Drunk Driving (MADD) or Fathers Against Drunk Driving (FADD) has been contributing significantly to increased demand for ignition interlock devices in North America.

Request For Customization@https://www.persistencemarketresearch.com/request-customization/9170

However, launch of inbuilt ignition interlock systems by OEMs such as Volvo, or introduction of newer technologies – such as Sober Steering Company’s sensor technology which allows driver to confirm sobriety by placing a hand on a sensor pad attached to the dashboard or steering wheel – could pose a major threat to growth of the overall ignition interlock devices market. Social awkwardness caused while using a device in public could also pose as a restraint.

Country-wise, the U.S. has been estimated to dominate the North America ignition interlock devices market by 2022-end, and is expected to expand at CAGR of 6% in terms of volume during the forecast period. This can mainly attribute to ignition interlock programs in each state in the U.S.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)

Key Stakeholders 
North America Ignition Interlock Devices Market Manufacturers 
North America Ignition Interlock Devices Market Distributors/Traders/Wholesalers 
North America Ignition Interlock Devices Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

If you have any special requirements, please let us know and we will offer you the report as you want.

Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.

Click Here to Buy this Report@  https://www.persistencemarketresearch.com/checkout/9170

Media Contact:

Persistence Market Research

305 Broadway,7th Floor New York City, NY 10007 United States

Call +1-646-568-7751

Call +1 800-961-0353

sales@persistencemarketresearch.com

About PersistenceMarketResearch:

PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

This release was published on openPR.