Alcohol sensor Market 2019 Overview, Cost Structure Analysis, Global Demand Analysis, Size, Share, Trends, Opportunity and Comprehensive Research Till 2027

The report on the global Alcohol sensor market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment

Pune, India - January 2, 2019 /MarketersMedia/ —

Market Highlights:

The alcohol sensor market is gaining traction as the need for prevention of drink-and-drive is growing in urban areas or restricted places. Also known as breath analyzer, the instrument helps in the containment of substance abuse cases by assisting in the detection of the perpetrators. The device ensures that the perpetrators do not cross the legal limit just to maintain road safety. 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.

Market Research Future’s (MRFR’s) report on the alcohol sensor market includes segmental analysis and factors that can assist in further growth of the market. With awareness regarding the consequences of drinking-and-driving, demand for personal alcohol sensors is growing. The sensors, now permeating in the market, are affordable and has features such as portable, facial recognition, tamper-resistance, and automation to provide perfect monitoring solution. In addition, the market is now is replete with app-based systems which can boost the sale considerably. Smart start alcohol ignition devices and launching of wearable alcohol biosensors can be considered as important factors as well.

However, the alcohol sensor market can find it difficult to counter the conflict over the accuracy of different types of analyzers. The sensors are also susceptible to external factors like temperature, BMI of the subject, and a few prescription drugs that can put a leash of the growth of the market.

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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.

The Alcohol Sensor Market report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the document.

Industry News

In October 2018, researchers from the University of Texas announced about their latest development of a wearable biosensor to monitor glucose and alcohol simultaneously in sweat. By detecting fluctuations in glucose and alcohol levels in sweat within a 2- hour window, the sensor can deliver results.

In April 2018, engineers from the Jacobs School of Engineering at the University of California San Diego, discussed their new development, a wireless biosensor chip. This can be injected under the skin which allows continuous, long-term alcohol or opioids monitoring.

Market Segmentation

The global alcohol sensor market can be segmented by technology, application, and end-users.
By technology, the alcohol sensor market can be segmented into fuel cell-based technology, semiconductors oxide sensor technology, and others. The fuel cell technology segment is the largest segment and is deemed to maintain its position over the forecast period.

By application, the alcohol sensor market includes vehicle controlling and healthcare application. Healthcare application segment is fetching the maximum market share and is accounted for a 61% share of the market in 2017. However, the vehicle controlling segment can be the fastest growing segment over the forecast period.
By end-users, the alcohol sensor comprises law enforcement agencies, commercial, and individuals. Law enforcement agencies segment is providing the maximum thrust to the alcohol sensor market. The commercial segment can gain the maximum momentum during the forecast period.

Regional Analysis

Analysis of the alcohol sensor market on the basis of regions encompasses North America, Asia Pacific (APAC), Europe, and the Rest-of-the-World (RoW).

North America is heading the market with a valuation of USD 215.1 Million in 2017. The regional market comprises the U.S., Canada, and Mexico. Increasing incidences of driving while high on illegal substances and rising adoption of alcohol sensors are helping the North American market in pushing forward their boundary.
The APAC market is slated to become the fastest growing market for alcohol sensors and gain an excellent 15% CAGR over the forecast period. China, Japan, and India are contributing substantially. This can be attributed to the increasing number of urban locations where preventing people from driving cars in a drunken state has become all the more necessary to maintain the safety of the road. The region is also relatively untapped which is a boon for international players.

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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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Contact Info:
Name: abhishek Sawant
Organization: Market Research Future
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/alcohol-sensor-market-6451

Source URL: https://marketersmedia.com/alcohol-sensor-market-2019-overview-cost-structure-analysis-global-demand-analysis-size-share-trends-opportunity-and-comprehensive-research-till-2027/465193

Source: MarketersMedia

Release ID: 465193