openPR Logo
Press release

Ignition Interlock Devices Market Driven by Stringent NHTSA Regulations

11-02-2017 06:50 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Ignition Interlock Devices Market Driven by Stringent NHTSA

Persistence Market Research (PMR) announces the release of its latest report titled “North America Market Study on Ignition Interlock Devices: Increasing Incidences of DUI to Catalyze IID Demand in North America ”. According to the report, the North America ignition interlock devices market has been estimated to account for US$ 35.1 Mn by 2015 end and is expected to reach US$ 48.8 Mn by 2021 at CAGR of 5.6% during the forecast period.

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.

Request Sample: https://www.persistencemarketresearch.com/samples/9170

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, with the revenue share of 96.2% by 2015 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 by 2015 end and is expected to expand at a healthy CAGR of 5.7% during the forecast period. The commercial segment is anticipated to register a CAGR of 2% 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 of 3.8% by 2015 end and is anticipated to expand at a CAGR of 1.4% during the forecast period owing to economical pricing as compared to fuel cell technology.

Ignition interlock devices North America market 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.

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 2015 end and is expected to expand at CAGR of 6.8% in terms of volume during the forecast period. This can mainly attribute to ignition interlock programs in each state in the U.S.

Browse Research Report: https://www.persistencemarketresearch.com/market-research/north-america-ignition-interlock-devices-market.asp

Each state in the U.S has its own ignition interlock program, wherein a DUI offender ordered by a judge to install ignition interlock device in his or her vehicles needs to participate in a program upon payment of a prescribed fee in order to regain his/her license.

Key market players are focusing on offering added features such as sleep mode (to save vehicle battery power), GPS tracker, real-time monitoring, and camera in ignition interlock device to enable efficient and accurate monitoring. Companies primarily promote their product through tie-ups with DUI attorneys, referral programs, and involvement with social organizations. Key market players in the North America ignition interlock device market include Smartstart Inc., Lifesafer Inc., Alcohol Countermeasure Systems, Intoxalock, Drägerwerk AG & Co. KGaA, Monitech LLC, Alco Alert Interlock, Inc., and Guardian Interlock, LLC.

About Us:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us:

305 Broadway,7th Floor
New York City, NY 10007
United States
+1-646-568-7751
+1 800-961-0353 (USA-Canada Toll free)
Email: sales@persistencemarketresearch.com
Website: https://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Ignition Interlock Devices Market Driven by Stringent NHTSA Regulations here

News-ID: 797579 • Views: 246

More Releases from Persistence Market Research

Connected Homes Market to Reach a Valuation Higher than US$ 138 Bn by 2026
Connected Homes Market 2021-2026 New Study Reports " Connected Homes Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2026" has been Added on PersistenceMarketResearch. Report Details: This report provides in depth study of “Connected Homes Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Connected Homes Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling,
Iot Market 2021: Global Projection by Key Players – IBM Corporation, Microsoft …
Iot Market 2021-2026 New Study Reports " Iot Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2026" has been Added on PersistenceMarketResearch. Report Details: This report provides in depth study of “Iot Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Iot Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the
Mobile Advertising Market 2021 Expected to reach US$ 120 Billion with 18.8% CAGR …
Mobile Advertising Market 2021-2025 New Study Reports " Mobile Advertising Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2025" has been Added on PersistenceMarketResearch. Report Details: This report provides in depth study of “Mobile Advertising Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Mobile Advertising Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling,
Building Automation Systems Market 2021 Expected to reach 248 Bn US$ with 11.3% …
Building Automation Systems Market 2021-2031 New Study Reports " Building Automation Systems Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031" has been Added on PersistenceMarketResearch. Report Details: This report provides in depth study of “Building Automation Systems Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Building Automation Systems Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an

All 5 Releases


More Releases for North

North America Orthopedic Implants Market
According to a new report published by Research Dive, titled, "Orthopedic Implants Market : North America Opportunity Analysis and Industry Forecast, 2018-2025," the North America orthopedic implants market size was valued at $23,461 million in 2018, and is projected to reach $30,646 million by 2025, growing at a CAGR of 3.9% from 2019 to 2025. Orthopedic implant is a medical device surgically placed inside the body to restore bone function
North America Pen Needles Market
Allied Market Research (USA, Oregon, Portland) Published Latest Report titled, ‘North America Pen Needles Market : Global Opportunity Analysis and Industry Forecast 2020-2027’. The North America Pen Needles Market is expected to witness growth in upcoming years due to factors such as increase in target patient population, which mostly includes patients suffering from cancer, tuberculosis and cardiovascular diseases. This market research study determines the increase in changes and the aspects which are
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
North American Surgical Gowns Market
The North American Surgical Gowns Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. The global surgical apparels market is growing at a significant rate due to increasing number of surgeries, and technological advancement in the field. Some of the surgical apparels available
Web Design in North London
Darcy Developments has moved to the West Hampstead area of North London. Originally based in Manchester and building up a strong client base there, including the exclusive Manchester Grammar School, they have decided to up shop and make the move to the big city. They specialise in Web Design, with an emphasis on clean, simple layouts with a strong message associated with it. They also provide ecommerce solutions such as Paypal integration
LTC North India Tour Packages
LTC TOURS is one of well known travel tour operator among the tourist from all over the world, touring India, Thailand, Malaysia & Singapore, Srilanka, Dubai, London, Paris and more. Our one of the tour package is LTC North India Tour Packages in which we are exploring the complete beauty of North India like Delhi, Rajasthan, Bikaner, and Jaisalmer. In LTC North India Tour Packages, we cover Rajasthan culture, heritage, forts