Alcohol Sensor Market Insights:
The global alcohol sensor market is likely to garner significant revenue growth. The rise in alcohol-related injuries, deaths, and lost productivity significantly costs employers and insurers worldwide. According to Market Research Future (MRFR), the global alcohol sensor market is poised to escalate from USD 1.1 BN in 2022 to USD 3.52 BN by 2032, growing at a 13.80% CAGR during the assessment period (2023-2032).
Most industrial accidents involve alcohol, and commercial transporters suffer millions of dollars from alcohol-related accidents each year. Therefore, governments across countries worldwide promote the use of alcohol sensor-enabled screening devices for manufacturing facilities and ignition interlock devices (IIDs) for automobiles. Besides, government initiatives to promote alcohol sensor technology create vast growth opportunities.
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Key Players:
- Dragerwerk AG & Co. KGaA (Germany)
- Giner Labs (U.S)
- Honeywell International Inc. (U.S)
- AlcoPro Inc. (U.S)
- Intoximeters Inc. (U.S)
- BACKtrack Inc. (U.S)
- Lifeloc Technologies (U.S)
- Abbot Laboratories (U.S)
- Alcohol Countermeasure System (international) Inc. (Canada)
- Asahi Kasei Corporation (Japan),
are the notable vendors in the Alcohol Sensor market.
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Alcohol Sensor Market Regional Analysis:
North America dominates the global alcohol sensor market. Factors such as the rising use of breath analyzers in law enforcement agencies and manufacturing facilities drive the alcohol sensor market growth. Also, the awareness of road traffic safety and increased investments to boost the technology foster the alcohol sensor industry.
Besides, the ongoing campaigns and active involvement of healthcare facilities and law enforcement substantiate the region's alcohol sensor market share. Government initiatives, such as active campaigns to reduce drink-n-drive cases and fast approvals for product development & marketing, boost the alcohol sensor market size.
Alcohol Sensor Market Segmentation:
The market forecast is segmented into technologies, applications, end-users, and regions. The technology segment is sub-segmented into fuel technology, semiconductor oxide sensor technology, and others. The application segment is sub-segmented into healthcare and vehicle control. The end-user segment is sub-segmented into commercial, law enforcement agencies, and individuals. By region, the alcohol sensor market is segmented into the Americas, Asia-Pacific, MEA, Europe, and the rest of the world.
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Mar.23, 2023 --- Asahi Kasei, a Japanese chemical and electronics company, announced that its Swedish subsidiary is working on alcohol detection sensors. The company is working with automakers, Tier 1 component suppliers, and government agencies to move the technology into commercial feasibility as fast as possible. Given the changing law framework, Asahi Kasei expects to see the alcohol detection feature on the road as early as 2026.
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