North America Ignition Interlock Devices Market, 2015 to 2021

Transcription

North America Ignition Interlock Devices Market, 2015 to 2021
North America Ignition Interlock Devices Market, 2015 to 2021
Persistence Market Research
North America Ignition Interlock devices
market revenue to expand at a CAGR of
5.6% between 2015 and 2021, driven by
stringent NHTSA regulations: Persistence
Market Research
Persistence Market Research
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North America Ignition Interlock Devices Market, 2015 to 2021
Persistence Market Research Released New Market Report According to a new market report
published by Persistence Market Research “North America Ignition Interlock Devices:
Market Analysis & Opportunity Assessment, 2015-2021”. 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.
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 revenue share of 96.2%
by 2015 end. This growth can be attributed to alcohol-specific judgement 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
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North America Ignition Interlock Devices Market, 2015 to 2021
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 for growth of the overall ignition interlock devices
market. Social awkwardness caused while using device in public could also pose as a
restraint.
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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 attributed to ignition interlock programs in each
state in the U.S.
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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
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North America Ignition Interlock Devices Market, 2015 to 2021
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.
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Market History:
Ignition interlock device is an advanced breathalyser installed in vehicles to measure the
Blood Alcohol Content (BAC) of driver, wherein the driver needs to blow breath in the device
to give his breath sample. If the alcohol content in the breath sample is more than pre-set
limit of the device, the vehicle would not start. Ignition interlock device is used as a tool
against drunk driving.
The ignition interlock device can be used by drivers convicted for DUI as well as by voluntary
users who are not convicted for DUI. In order to use this device, the user needs to pay a
number of fees, such as installation charges, monitoring fees, device calibration charges,
etc. Use of ignition interlock device helps the convicted driver to regain his license much
before the completion of his suspension period. However, laws regarding the usage of these
devices differ in each state of the U.S and Canada. Some states have made the usage of
device mandatory for first time offenders, while in other states, it’s compulsory for second or
third time offenders.
The trend in this market is the provision of devices with added features by current market
players, such as camera, GPS tracker, and attractive cup shape packaging, in view of
avoiding the social awkwardness caused by the usage of ignition interlock device
The North America ignition interlock devices market was valued at US$ 35.1 Mn in 2015 and
is anticipated to reach US$ 48.8 Mn, expanding at healthy CAGR of 6.6% in terms of volume
and 5.6% in terms of value, over the forecast period.
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North America Ignition Interlock Devices Market, 2015 to 2021
By technology, the fuel cell technology segment accounted for approximately 97.3% value
share of the total market in 2015, and is expected to continue to dominate the market,
expanding at a CAGR of 5.8% in terms of value throughout the forecast period.
Currently, the key focus of the major market players lies on offering added features such as
mobile application, real time monitoring, GPS tracker, etc.
Some of the major market players in the North America ignition interlock devices market
include Smartstart Inc., Lifesafer Inc., Drägerwerk AG & Co. KGaA, Alcohol Countermeasure
Systems (International) Inc., Intoxalock, Monitech LLC, Alco Alert Interlock, Inc., and
Guardian Interlock System Corp.
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