DUBLIN–(BUSINESS WIRE)–The “Global Ignition Interlock Device Market, By Type, End User & By Region – Forecast and Analysis 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global ignition interlock device market was valued at USD 377.75 Million in 2021, and it is expected to reach a value of USD 582.33 Million by 2027, at a CAGR of more than 7.48% over the forecast period (2021 – 2027).
Used to prevent drunk driving, a breath alcohol ignition interlock device (also known as BAIID, BIID, alcohol interlock device, or adult safety interlock) is a breath analysis mechanism that integrates into a vehicle’s dashboard and prevents it from starting without a passing breath sample. A basic ignition interlock system consists of four basic elements namely a breath alcohol sensor, a rolling retest system, a tamper-proof system for mounting the engine part of the unit, and a data recording system.
Transport fleet operators and bus operators are already burdened with various insurance premium related costs. These companies are expected to voluntarily install ignition interlock devices to prevent accidents caused due to driving under the influence of alcohol. This initiative may prove beneficial in generating significant savings in insurance premium related costs.
The report provides market sizing and forecast across five major regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In…
