(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Oct. 17, 2024 (GLOBE NEWSWIRE) -- The "Alcohol Sensor market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The alcohol sensor market size has grown rapidly in recent years. It will grow from $2.06 billion in 2023 to $2.34 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The alcohol sensor market size is expected to see rapid growth in the next few years. It will grow to $3.94 billion in 2028 at a compound annual growth rate (CAGR) of 14%. The growth during the historic period was driven by the expansion of vehicle fleets, the development of the automotive industry, increased adoption in law enforcement, higher incidents of alcohol-related accidents, and stricter government regulations. Anticipated growth in the forecast period is linked to a rising number of alcohol consumers, growing demand for sensors, heightened need for precise alcohol and narcotics detection systems, increased focus on road safety, and greater emphasis on workplace safety with employee alcohol testing. Key trends expected include technological advancements, integration with smart devices, non-invasive sensor technologies, disposable and portable sensors, and the application of artificial intelligence.
The alcohol sensor market is poised for growth due to the rising incidence of drunk-driving crashes. These crashes involve drivers impaired by alcohol, leading to compromised judgment, slower reactions, and impaired motor skills. Factors contributing to the increase in such incidents include higher alcohol consumption, lax law enforcement, and delays in legal proceedings.
Alcohol sensors play a crucial role in combating drunk driving by enabling detection, deterrence, enforcement, and public education initiatives to promote safer roads and communities. For instance, according to the National Highway Traffic Safety Administration in May 2022, approximately 37 individuals in the United States die each day in crashes involving drunk driving, equating to one fatality every 39 minutes. In 2022, these incidents resulted in a total of 13,524 deaths, driving the demand for alcohol sensors.
Leading companies in the alcohol sensor market are focusing on innovation, particularly in wearables for alcohol detection, to improve user convenience and accuracy. Alcohol detection wearables monitor alcohol levels in bodily fluids using sensors and technology, such as analyzing perspiration. For example, SOBR Safe, Inc., a US-based provider of transdermal alcohol detection solutions, launched SOBRsure in August 2023. This alcohol monitoring wristband is versatile, with applications ranging from monitoring teen drivers and truckers to supporting outpatient alcohol treatment and enhancing co-parenting confidence. SOBRsure detects alcohol passively emitted through the skin, ensuring hygiene without invasive samples such as breath, blood, or urine.
In August 2023, SOBR Safe Inc., a US company specializing in alcohol detection technology, announced a partnership with RubyRide, a US-based ridesharing service, for an undisclosed sum. This collaboration aims to integrate advanced alcohol detection technology into RubyRide's platform, enhancing safety and accountability within the ridesharing industry.
Major companies operating in the alcohol sensor market are Abbott Laboratories, Honeywell International Inc., Asahi Kasei Corporation, Dragerwerk AG & Co. KGaA, Winsen, Lifeloc Technologies, SenSeair AB, Alcohol Countermeasure Systems, BACKtrack Inc., EnviteC-Wismar GmbH, Intoximeters, Giner Labs, Alcolizer Pty Ltd., Dart Sensors Ltd., Quest Products Inc., AlcoPro, AK GlobalTech Corp., Sunrom Electronics, Guth Laboratories, Lion Laboratories, PAS Systems International, Swastik Scientific Company.
North America was the largest region in the alcohol sensor market in 2023. The countries covered in the alcohol sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
An alcohol sensor serves to detect the presence and, at times, the concentration of alcohol in a person's breath. It is widely utilized by law enforcement agencies for assessing driver intoxication and by employers in certain sectors to uphold workplace safety standards.
The primary alcohol sensor technologies include fuel cell technology, semiconductor oxide sensor technology, and others. Fuel cell technology involves an electrochemical device that converts chemical energy from fuel into electricity via a chemical reaction with an oxidizing agent. These sensors find applications in healthcare, vehicle control, and are used by diverse end-users including commercial entities, law enforcement agencies, and individuals
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Scope
Markets Covered:
1) By Type: Fuel Technology; Semiconductor Oxide Sensor Technology; Other Technologies
2) By Application: Healthcare Application; Vehicle Controlling
3) By End-Users: Commercial; Law Enforcement Agencies; Individuals
Leading Companies in the Alcohol Sensor Market: Abbott Laboratories; Honeywell International Inc.; Asahi Kasei Corporation; Dragerwerk AG & Co. KGaA; Winsen
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
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