In a recent published report, Kenneth Research has updated the market report for Ignition Interlock Devices Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Ignition Interlock Devices Market products.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Ignition Interlock Device Market. The report analyses the Global Ignition Interlock Device Market by Technology (Fuel cell technology, Semi- conductor technology) and By Application (Commercial vehicles, Personal Vehicles). The report analyzes the global as well as the US Ignition Interlock Device Market for the historical period of 2017-2018 and the forecast period of 2019-2024.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Over the recent years, ignition interlock devices market has been witnessing considerable growth on the back of rise in alcohol consumption among different age groups, stringent government regulation, increasing alcohol impaired driving resulting into fatal crashes etc. In addition, rise in voluntarily use of ignition interlock devices by commercial fleet owners, company regulation for installing interlock devices to inhibit the employee to consume alcohol during work hours, demand of ignition interlock devices by schools for students safety, in construction sites, mining, technology development and advancements in ignition interlock devices, increasing private field expenditure, rising demand of personal interlock devices etc. is anticipated to provide higher momentum to the market growth in the forecast period. However, high cost associated with the product and lack of knowledge and awareness among customer regarding the devices has been hindering the market growth.
According to Azoth Analytics research report “Global Ignition Interlock Devices Market: Sizing, Growth, Technology, Application, Opportunities and Forecast (2019-2024)”, the ignition interlock devices market was valued at USD 176.06 for the year 2018.
The report has covered and analysed the potential of ignition interlock devices market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities. Additionally, the report also highlights market entry strategies for various companies.
Scope of the Report
Global Ignition Interlock Devices Market (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• Ignition interlock devices Market– Size, Growth, Forecast
• By Type: Fuel cell technology, semiconductor technology
• By Application: Commercial vehicles, personal vehicles
United States Ignition Interlock Devices Market (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• Ignition interlock devices Market– Size, Growth, Forecast
• By Type: Fuel cell technology, semiconductor technology
• By Application: Commercial vehicles, personal vehicles
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Other Report Highlights
• Market Dynamics – Drivers and Restraints.
• Market Trends
• Porter Five Forces Analysis.
• SWOT Analysis.
• Company Analysis – Drager, Intoxalock, Lion Laboratories, Alcohol Countermeasure Systems, Guardian Interlock
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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