“Breathalyzer Market: Global Demand Analysis & Opportunity
Outlook 2024”
The
global breathalyzer market is segmented into technology such as fuel cell testers, semiconductor oxide-based testers, and
spectrophotometer testers. Among these segments, fuel cell testers captured the leading
market of overall breathalyzer in 2016 and it is expected to garner at a CAGR
of 7.1% during the forecast period i.e. 2017-2024. Likely, in 30 U.S.
states, roadside testing is permitted using fuel cell based tester due to high
accuracy which is predicted to propel the growth of overall fuel cell testers market.
Moreover, increasing government regulations for mandating alcohol testing
during driving and workplace is also positively impacting the growth of breathalyzer market.
Global breathalyzer market is projected to register a noteworthy CAGR of
8.1% over the forecast period. Moreover, the global breathalyzer market is anticipated to reach at exponential revenue
by the end of 2024. The market is expected to expand on the back of rapid
urbanization and growing technological advancements in alcohol testing
devices.
The
alcohol detection by application is envisioned to seize a highest CAGR of 7.3%
during the forecast period. In addition to this, increasing number of deaths
due to drinking and driving is predicted to flourish the growth of global alcohol
detection market. In terms of regional platform, North America accounted for
the largest market of breathalyzer due to stringent government regulations.
Moreover, U.S. is the major contributor in the market of breathalyzer in this
region. Apart from this Breathalyzer Market
in Asia-Pacific region is predicted to witness a CAGR of 12.8% by the end of
2024 due to mandatory usage of drugs and alcohol testing devices in mining,
transportation and other sectors.
Increasing Number of Alcohol
Impaired Driving Crashes
As per the Centers for Disease
Control and Prevention, 10,265 people died in alcohol-impaired driving crashes
in 2015 and 1.1 Million people were arrested in 2015 for driving in the influence
of alcohol and narcotics. These factors are believed to directly impact in the
growth of breathalyzer market
over the forecast period. Furthermore, growing drug abuses coupled with growing
awareness regarding drug testing is
also propelling the market of breathalyzer.
Stringent Government Regulation
Increasing
strict government regulations for mandating the use of drugs in workplaces and
driving along with increasing adoption breathalyzer from
various sectors for testing alcohol are some of the factors augmenting the
demand for breathalyzer.
On
the contrary, high cost and lack of awareness regarding breathalyzer in
underdeveloped region are expected to dampen the growth of breathalyzer market
by 2024. Further, weak implementation of laws in underdeveloped region
regarding drug abuses while driving is also projected to restrain the market of
breathalyzer market.
The
report titled “Breathalyzer Market: Global Demand Analysis & Opportunity
Outlook 2024” delivers
detailed overview of the global breathalyzer
market in terms of market segmentation by technology, by application, by distribution channel, by end
user and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five force
model.
This report also provides the
existing competitive scenario of some of the key players of the global breathalyzer market which includes
company profiling of Alcolizer,
Breathalyzer.net, Alcolock, Intoximeters, Lifeloc Technologies, Quest Products,
BACtrack, AlcoHawk and DriveSafe. The profiling enfolds key information
of the companies which encompasses business overview, products and services,
key financials and recent news and developments. On the whole, the report
depicts detailed overview of the global breathalyzer
market that will help industry consultants, equipment manufacturers,
existing players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
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strategy, expansion and investment etc. We believe every business can expand to
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decision so as to avoid future uncertainties.
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