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Ignition Interlock Device Market was valued at USD 377.75 million in 2021, and it is expected from USD 406.01 million 2022 to reach a value of USD 723.03 million by 2028, at a CAGR of more than 7.48% over the forecast period (2023-2030).

The ignition interlock device market is competitive market. Globally, very few companies have specialized themselves in the production of ignition interlock devices. These companies generally lease their devices to consumers and are also liable to monitor and report the persons data to the concerned authorities. As a result, in order to provide reliable services companies, have to charge a maintenance and monitoring fee to the customers. Moreover, the production of ignition interlock device requires access to niche and precise sensor technology to accurately detect the alcohol levels present in a human breath. Companies are making significant investments in research & development activities to improve their sensor technology as well as to improve their service network. Thus, the threat of new entrants is expected to remain low owing to well established presence of these players. 'Intoxalock (US)', 'Lifesafer (US)', 'Alcohol Countermeasure Systems (US)', 'Smart Start (US)', 'Scram Systems (US)', 'Alcolock (Canada)', 'Sens- O-Lock (US)', 'Simple Interlock (US)', 'LMG Holdings (US)', 'Golden State Interlock (US)', 'Skyfine (US)', 'Drager (Germany)'

According to the National Highway Traffic Safety Administration, nearly 10,000 people are killed in drunk driving accidents in the United States each year. Aside from the loss of life, such accidents impose significant economic costs on the victims' families. According to a study published in the International Association of Traffic and Safety Sciences (IATSS) journal, nearly 11% of people polled in Europe and 17% in Asia reported driving under the influence of alcohol or drugs in the previous year. As a result, authorities around the world are focusing on reducing DUI incidents by enacting stricter laws and improving enforcement. As a result, the rising prevalence of DUI is expected to drive demand for ignition interlock devices over the forecast period.

The use of an ignition interlock device allows a convicted driver to regain his licence much sooner than the suspension period expires. However, laws governing the use of these devices vary by country. Some countries have made the use of a device mandatory for first-time offenders, while others require it for second or third offences. The trend in this market is for current market players to provide devices with added features, such as a camera, GPS tracker, and attractive cup-shaped packaging, in order to avoid the social awkwardness caused by the use of an ignition interlock device.

The global ignition interlock device market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The North America region is expected to account for the largest market. Increased instances of drink-driving and a sharp increase in the number of accidents as a result have made the installation of ignition interlock devices a mandatory safety standard across North America. In order to ensure road safety, governments are also urging and imposing new mandates for the implementation of these devices. Every December in the United States is designated as "National Impaired Driving Prevention Month," and Intoxalock, a leading name in the ignition interlocks industry, has agreed to support this initiative in 2020.

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Global Ignition Interlock Device Market

Product ID: SQSG45J2022