Market Research Future (MRFR) expects several lucrative opportunities to emerge in the global alcohol sensor market 2030, owing to which it can record a growth rate of 13.5% between 2022 and 2030 (assessment period). It is also estimated that by the end of the given period, the market size can expand to a value of USD 1985.3 million.
Growth Boosters and Main Restraints
Consumption of alcohol can severely affect human behavior, leading to diminished perceptual abilities as well as slower reaction times. This means that the driver is at a much higher risk of getting involved in an accident or a crash. In order to avoid these events, legislations have has set up acceptable alcohol limits for drivers and any reading above that can lead to legal consequences. These aspects have necessitated the need for accurate instrumentation that can be used by traffic law enforcement, therefore boosting the demand for alcohol sensors.
Strict road safety laws across the globe and the escalating demand for accurate and efficient alcohol detection devices are boosting the market penetration across regions. Faster diagnosis tuberculosis, Chronic Obstructive Pulmonary Disease (COPD), cancer and many such diseases helps treat them successfully. Alcohol sensors are the best option for diagnosing on the basis of the exhaled air contents. Rising applications of alcohol sensors in private use including measuring of breath carbon monoxide during smoking cessation activities can also stimulate market growth in the approaching years.
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Alcohol sensors generate high demand in law enforcement agencies, as they are used to enhance road traffic safety. Mounting awareness and the legal requirements in offices and schools to render the environment alcohol-free have pushed the demand for alcohol sensors.
The alcohol sensor market, according to the MRFR report, can be split into segments like technology, application and end-user.
The technology-wise market segmentation includes fuel cell technology, semiconductor oxide sensor technology, and others. The largest share in the market belongs to the fuel cell technology, which can also achieve the highest growth rate of 14.5% over the appraisal period.
The primary applications of alcohol sensors are healthcare application as well as vehicle controlling. Healthcare applications are rising significantly and can soon dominate the global market in the years to come. It expansion rate is expected to be 12.8% during the review timeframe. The vehicle controlling segment can, however, advance at the highest rate of 14.4%, on account of the rising integration of alcohol detectors in vehicles.
The prime end-users covered are individuals, commercial and law enforcement agencies. Out of these, the segment of law enforcement agencies can seize the biggest share in the market while the segment of commercial end-user can surge at a relatively higher rate of 13.8% in the near future.
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MRFR's research on the alcohol sensor market dissects into the primary regions of Europe, North America, Asia Pacific (APAC), and the Rest of the World or RoW.
North America, with the highest share of 36% in the global market, was worth USD 215.1 Mn in 2017. The regional market is also presumed to touch a striking valuation of USD 668.6 Mn by 2027, says MRFR. Witnessing expansion at the rate of 12.9%, the North American market can proliferate on the back of factors like extensive application of alcohol sensors in law enforcement agencies. Active campaigns and the increasing involvement of healthcare facilities as well as law enforcement in the drive to curb alcohol influence can help the regional market profit in the following years. Also, increasing awareness regarding road traffic safety and the short time taken for product approval can aid in market expansion in the region.
APAC can gain traction at the fastest rate of 15.9% over the evaluation period. The market can keep progressing at a steady rate, in view of the fact that alcohol sensors are based on semiconductors and the region has one of the most prominent semiconductor industries in the world. Most of the companies in the region are increasingly using alcohol sensors, with vast employment of the technology expected to be in China and India. By 2027, APAC can reach a valuation of USD 560.5 Mn, estimates MRFR.
The report extensively covers the leading players in the alcohol sensor market, such as AlcoPro Inc. BACKtrack Inc., Lifeloc Technologies, Giner Labs, Asahi Kasei Corporation, Intoximeters Inc., Abbot Laboratories, Alcohol Countermeasure Systems (International) Inc., Honeywell International Inc., Drägerwerk AG & Co. KGaA, to list a few.
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