North America Ignition Interlock Devices Market Expected to Reach US$ 48.8 Mn by 2021, Persistence Market Research
Summary
The fuel cell technology segment has been estimated to dominate the North America ignition interlock devices market, with revenue share of 96.2% by 2015 end.Compliance segment has been estimated to account for approximately 97.3% of the total market revenue by 2015 end, and is expected to expand at a healthy CAGR of 5.7% during the forecast period.However, launch of inbuilt ignition interlock systems by OEMs such as Volvo, or introduction of newer technologies – such as Sober Steering Company’s sensor technology which allows driver to confirm sobriety by placing a hand on a sensor pad attached to the dashboard or steering wheel – could pose a major threat for growth of the overall ignition interlock devices market.The fuel cell technology segment has been estimated to dominate the North America ignition interlock devices market, with revenue share of 96.2% by 2015 end.Compliance segment has been estimated to account for approximately 97.3% of the total market revenue by 2015 end, and is expected to expand at a healthy CAGR of 5.7% during the forecast period.