North America Ignition Interlock Devices Market to Exhibit Sturdy 5.6% CAGR 2015-2021 due to Widespread Public and Governmental Support

Ignition interlock devices are an anti-drunk-driving tool becoming increasingly popular in North America. Ignition interlock devices are incorporated into the ignition circuitry of a car or other vehicle, and necessitate the driver to pass a blood alcohol content test before the vehicle can be turned on. This completely prevents drunk driving, since the vehicle won’t start if the driver’s blood alcohol content (BAC) is higher than the mandated maximum level. Since the maximum BAC can vary between different countries or even states, ignition interlock devices can be programmed to operate under the regulatory framework of the respective region.

The invaluable help provided by ignition interlock devices has resulted in a steady rise in their demand in North America in recent years. According to Persistence Market Research, the North America ignition interlock devices market was worth US$35.1 mn in 2015 and is expected to rise to US$48.8 mn by 2021, exhibiting a sturdy 5.6% CAGR therein. In the same timeframe, the volume of the North America ignition interlock devices market is expected to rise at a higher CAGR of 6.6%, thus eliminating the biggest restraint currently checking the market’s progress.

High Prices of Ignition Interlock Devices Restraining North America Market

Despite the many proven benefits of ignition interlock devices, the high prices of the devices are preventing large-scale adoption in North America. Voluntary usage of ignition interlock devices is still quite low, with mandated usage of ignition interlock devices making up the majority of the demand from the market in North America.

However, the voluntary usage of ignition interlock devices is expected to rise in the coming years, due to the rising awareness among the masses about the dangers of driving under the influence of alcohol as well as the advantages provided by ignition interlock devices. This will give a boost to the production chain of the ignition interlock devices industry, bringing the costs down and aiding large-scale adoption across North America.

Interested in report: Please follow the below links to meet your requirements; Request for the Report Sample: http://www.persistencemarketresearch.com/samples/9170

Technological Innovations Driving North America Ignition Interlock Devices Market

Currently, the major trend in the ignition interlock devices industry in North America is that of providing additional features in the devices, such as location trackers to enable law enforcement officials to arrive at the site early, and cameras for visual recognition.+

Request TOC (table of content), Figures and Tables of the Report: http://www.persistencemarketresearch.com/toc/9170

According to a report compiled by Mothers Against Drunk Driving (MADD), the usage of ignition interlock devices has prevented close to 1.8 million incidents of drunk driving in the U.S. so far, with the states of Washington, Colorado, Illinois, and New York among the chief beneficiaries. MADD, along with Fathers Against Drunk Driving (FADD), has been vocal in its support for ignition interlock devices, since no other available technology can physically prevent driving while inebriated.

As a result of widespread support from social and governmental organizations, refinement in ignition interlock devices to make them more reliable is a major R&D avenue for players in the North America ignition interlock devices market.

U.S. Dominates North America Ignition Interlock Devices Market

The U.S. has emerged as the leading regional segment of the North America ignition interlock devices market and the country is expected to exhibit a 6.8% CAGR from 2015 to 2021 by volume. Widespread support for mandatory installation of ignition interlock devices after DUI convictions in almost all U.S. states has helped the U.S. market for ignition interlock devices massively.

About Us

Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

Contact

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States
USA - Canada Toll Free: +1 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.