Alcohol Sensor Market Growth Drivers and Current Industry Trends by 2027

Overview

The alcohol sensor market will witness a healthy growth from 2018 to 2027, a research report suggests. Growing at a CAGR of 13.8%, the market is projected to reach US$1,985.3 million by 2027. Installation of alcohol detection systems in automobiles is expected to support the market growth along with Smartphone based breathalyzers. As predicted by analysts, concerns regarding reliability will negatively affect the market’s performance from 2018 to 2027. During the forecast period, the market will be supported by integration of sensors and the rising use of smart phones. Problems related to consistency on the other hand will challenge breathalyzer based organizations functioning in the global alcohol sensor services market. Analysts have split the market into application, technology, and end-users segments based on products and services. Breathalyzer based companies have been profiled. Concerns regarding counterfeit products are set to affect the global alcohol sensor market during the forecast period 2018 to 2027. The report also provides the market’s performance forecasts till 2027. Analysts have studied the strategy of breathalyzer based organizations to help new entrants and established businesses. The breathalyzer sector itself is supported by the changing social behavior as well as the population growth. During the forecast period 2018 to 2027, the alcohol sensor market is set to witness a health growth across application, technology, and end-users segments as well as regional markets.

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Market Segmentation

The breathalyzer sector has seen growth across application, technology, and end-users segments owing to automation in industries and consumers aiming for more convenience. To study the alcohol sensor market, analysts have further segmented application, technology, and end-users into application on the basis of vehicle controlling, healthcare application. The alcohol sensor market is further segmented into technology which is split into law enforcement agencies, commercial, individuals. Additionally, the alcohol sensor market on the basis of end-users is segmented into semiconductor oxide sensor technology, fuel cell technology, and others.

The segmental analysis presented in the alcohol sensor market report provides breathalyzer based organizations insights into key growth factors such as technological advances as well as challenges such as quality related concerns the market will face from 2018 to 2027. The growing application areas and the growth of communication channels are some of the key factors having an influence on breathalyzer based companies, suggest analysts as per the alcohol sensor services market report. But the report also identifies deployment issues and cost related concerns as major threats companies in breathalyzer will face till 2027.

Regional Overview

breathalyzer based companies in the alcohol sensor market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The growing demand for innovative products will be a key growth driver for regional markets. However, lack of data authentication systems will turn out to be a threat. For the forecast period 2018 to 2027 each of these regional markets are studied in the report. Starting from North America, the regional market and breathalyzer based companies are spread across the United States, Canada, and Mexico. Unreliable results will turn out to be a major challenge from 2018 to 2027. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by rapid urbanization as well as the increasing disposable income, suggests the report. Similarly, the breathalyzer sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the alcohol sensor market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2027.

Competitive Landscape

The global alcohol sensor market research report brings a comprehensive study of application, technology, and end-users market segments, regional analysis, and breathalyzer based company details of key players. As the forecast period 2018 to 2027 will bring new opportunities for the market owing to shifting trends in the consumer market and the rise in distribution channels, the market is set to grow at a compound annual growth rate of 13.8% and is predicted to reach a value of US$1,985.3 million by 2027. With SWOT analysis of breathalyzer based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the lack of developed infrastructure and evolving consumer needs, companies in the breathalyzer sector can change the way business is done.

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.

Industry News

To expand its expanded Detection and Response (XDR) capability, CrowdStrike Holdings, Inc. is expected to purchase cloud log processing and observability platform provider Humio for $400 million. According to Humio CEO Geeta Schmidt, “CrowdStrike’s Security Cloud is the perfect forum to expand Humio’s technologies and scope while continuing our goal to enable customers to make data-rich decisions. Last month, CrowdStrike raised $740.6 million in a senior note offering for general corporate purposes.

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