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Global Ignition Interlock Devices Market Size Is US$ 608.52 Million In 2018
Saturday, 09 May, 2020
An ignition interlock device or breath alcohol ignition interlock device (IID or BAIID) is a breathalyzer for an individual's vehicle. It requires the driver to blow into a mouthpiece on the device before starting or continuing to operate the vehicle. If the resultant breath-alcohol concentration analyzed result is greater than the programmed blood alcohol concentration (which varies between countries), the device prevents the engine from being started. The interlock device is located inside the vehicle, near the driver’s seat, and is directly connected to the engine’s ignition system.

According to this study, over the next five years the Ignition Interlock Devices market will register a 4.57% CAGR in terms of revenue, the global market size will reach US$ 805.35 million by 2024, from US$ 608.52 million in 2018.

In the coming years there is an increasing demand for Ignition Interlock Devices in the regions of United States and Europe that is expected to drive the market for more advanced Ignition Interlock Devices. Increasing of private fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of ignition interlock devices will drive growth in United States and Europe markets.

The Asia-Pacific region is basically still a blank market, especially China, Japan, etc., and there is no relevant legal support. In Europe, with the introduction of relevant laws, it is expected that there will be a growth rate of more than 10% in the next five years, which will greatly promote the entire market. North America, especially the United States, will continue to grow steadily.

Globally, the Ignition Interlock Devices industry market is low concentrated as the manufacturing technology of Ignition Interlock Devices is relatively immatures than some high-tech equipment. And some enterprises, like Drager, SmartStart, LifeSafer, etc. are well-known for the wonderful performance of their Ignition Interlock Devices and related services.

The Installation of Ignition Interlock Devices is related to downstream. As there will always be some uncertain in the government policy in the following years, the growth rate of Ignition Interlock Devices industry may not keep that fast. But it is surely forecasted that the market of Ignition Interlock Devices is still promising.