The Alcohol Sensor Market size was valued at USD 2.31 billion in 2022 and is expected to grow to USD 6.69 billion by 2030 and grow at a CAGR Of 14.22 % over the forecast period of 2023-2030.
Because of its high sensitivity and quick reaction to alcohol, alcohol sensors are clearly the electronic devices that are used to detect the content of alcohol. When alcohol is detected, these alcohol sensors produce an analogue resistive output. They are capable of being
utilised in confined regions to analyse temperatures between -10 and 50 degrees Celsius. Worldwide alcohol consumption has significantly increased, which has also led to an increase in incidents of driving while intoxicated.
Get more information on Alcohol Sensor Market - Request Sample Report
Ignition interlock device (IID) installation by a licenced installer is referred to as alcohol sensors services. These services include the installation of IIDs, as well as monthly leases for any common accessories and full insurance to safeguard these devices. Breathalysers and driver alcohol detection systems are the main applications for alcohol sensor services market.
Numerous fatalities arise from catastrophic traffic accidents every year, which happen on a significant scale worldwide. According to several studies, passive alcohol sensor devices may have rescued up to 22% of the victims of those collisions. As a result, governments around the world are implementing laws to make it against the law to consume alcohol excessively, in public, or confined spaces.
KEY DRIVERS:
More electronics are being produced internationally, increasing demand and supply in developing countries.
Increasing research and development spending will pave the path for breakthroughs
Increased funding for the expansion and development of cutting-edge and automated machinery is the result of an increase in strategic market alliances. Additionally, increasing the amount of money spent on research and development would pave the way in industrial technological advancements.
RESTRAIN:
Rising rates of alcohol
More laws have been passed to eventually limit the extent of expansion
Inadequate Regulatory and Legal Framework
Policy changes are being driven by the effects of economic growth on the environment. The existence of a legal and regulatory framework within a nation is essential to determining the viability of any market. In the near future, market growth is anticipated to be constrained by a number of rising nations in the Asia Pacific region without appropriate legal or regulatory frameworks for the creation of a drunk driving culture.
OPPORTUNITY:
The development of end-user verticals will increase the potential for small firms.
The semiconductor and electronics industry has a tremendous amount of room to grow as a result of the improving global economy. The use of innovative technology is receiving more attention from the main manufacturers, which will improve the potential for growth. Growth in market value is fuelled by increasing urbanisation, modernization, and globalisation. Other factors influencing market growth include the rising rate of alcohol consumption, which calls for tighter regulation and control of alcohol, the rising demand for precise alcohol and drug detection systems, and the expansion of the e-commerce sector. Additionally, during the projection period of 2022 to 2029, improvements in manufacturing technology open up lucrative potential for market participants. Additionally, there is a growing need to diagnose Chronic.
CHALLENGES:
The market demand will be threatened by supply chain interruptions, which are expected to be unprecedently high.
The availability and demand of display materials have been negatively impacted by the increasing number of limitations imposed globally as a result of the pandemic. Additionally, the market will suffer from changes in the cost of raw materials. This will therefore make the rate of market growth more difficult. Additionally, low levels of knowledge in developing nations and the high price of breathalysers itself will serve as market growth inhibitors. The market development rate will also be hampered by the weak infrastructure in developing nations, the inability to detect alcohol consumption effectively, and the complicated design of heat sensors.
IMPACT OF RUSSIAN UKRAINE WAR
It is anticipated that the market for industrial alcohol will increase from $131.13 billion in 2021 to $145.00 billion in 2022 at a 10.6% CAGR, or compound annual growth rate. At least temporarily, the Russia-Ukraine conflict hampered the possibilities of a COVID-19 pandemic-related global economic rebound. The conflict between these two nations has resulted in Economic sanctions against numerous nations, an increase in commodity prices, and disruptions in the supply chain have an impact on various markets around the world. At a CAGR of 9.3%, the market for industrial alcohol is anticipated to reach $207.03 billion in 2026. The sales of industrial alcohol by organisations, sole proprietors, and partnerships that produce vaccines, compound tonics, syrups, tinctures, liniments, and antiseptics make up the industrial alcohol market.
IMPACT OF ONGOING RECESSION
The overall severe economic loss (loss of job or housing) was positively correlated with harmful drinking outcomes, alcohol dependence, and (marginally) drunkenness, whereas moderate loss (loss of retirement savings, reduced work hours/wages, or difficulty paying the rent/mortgage) was not correlated with alcohol outcomes. Significant age and gender differences were found. Men who suffered job loss and housing troubles had an elevated risk for intoxication, drinking-related problems, and dependence. Women who reported retirement loss, reduced hours/wages, and job loss consumed 41 to 70% more alcohol than women who were not affected by the recession. Older folks who lost retirement assets drank 42% more alcohol than their friends who were unaffected, while middle-aged Americans who had partial or complete job loss and housing issues were more likely to become intoxicated and experience alcohol-related difficulties.
The latest coronavirus outbreak has proven to be a curse for the industry. Due to the coronavirus pandemic, commercial activity has been suspended, and there have been interruptions to international supply chains, border restrictions, and travel bans by government agencies as a result of the epidemic. Due to the strict controls implemented to limit commercial operations, the market's growth pace slowed down. However, if strict government regulations about driving are relaxed globally, the sector is anticipated to experience a rise.
By Technology
Fuel Cell Technology
Semiconductor Oxide Sensor Technology
Others
By Application
Vehicle Controlling
Healthcare Application
By End-users
Law Enforcement Agencies
Commercial
Individuals
.png)
Need any customization research on Alcohol Sensor Market - Enquiry Now
North America has been constantly dominating the global market for alcohol sensor services, and it is predicted that it will continue to do so in the years to come. The area held a 36% market share with a USD 215.1 Mn market valuation.
Europe has the second-place spot in the world market for alcohol sensor services. The area market's expansion is aided by elements including the rising use of alcohol sensor services and advantageous governmental regulations. Additionally, the growing demand from the automotive and transportation sectors for systems with alcohol sensors, such as ignition interlock devices, promotes market expansion. The present market expansion in the area has been influenced by the region's recovering economy, which has raised consumer purchasing power. Along with significant developments in sensing technology, the regional market is growing due to higher healthcare standards and better technical infrastructure. Additionally, the widespread adoption of alcohol sensor services as a result of strict government regulations has a beneficial impact on industry expansion. nations like the United Kingdom, Germany, France, and Norway.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The Major Player are Dragerwerk AG & Co. KGaA (Germany), Abbott (US), Alcohol Countermeasure Systems Corp. (Canada), AlcoPro. (US), Giner inc. (US), Honeywell International Inc. (US), Asahi Kasei Corporation (Japan), Intoximeters (US), Lifeloc Technologies inc. (US), Quest Products, Inc. (US), ‘Akers Biosciences, Inc. (US), MPD, Inc. (US), AK GlobalTech Corp. (US), C4 Development Ltd. (Hongkong), BACKCtrack Inc. (US), Sunrom Eelctronies (India) and other players are listed in a final report.
Abbott (US)-Company Financial Analysis
The world's first pilot programme involving foreign manufacturers was recently launched on August 13, 2020, by SOBR Safe, Inc., an American creator of the patented non-invasive alcohol detection device. Touch-based biometric identification and alcohol detection technology are used by SOBR Safe strategies to stop accidents caused by drinking.
Lifeloc Technologies introduced the LT7 and LX9 breathalysers in 2020. These US DOT/NHTSA-approved breathalyzers are user-friendly devices made for the workplace and law enforcement industries.
SannTek Labs received funding from investment firm Y Combinator in 2019 to develop a novel breathalyser. This breathalyser is intended to determine a person's blood alcohol content as well as the sort of cannabis they may have consumed within the previous three to four hours.
Abbott and Intoximeters signed an agreement in 2019 for Intoximeters to market Abbott's SoToxaTM Mobile Test System alongside Intoximeters' Alco- Sensor brand breath alcohol-testing products. This handheld oral fluid roadside testing solution quickly and accurately detects recent drug use.
| Report Attributes | Details |
| Market Size in 2022 | US$ 2.31 Bn |
| Market Size by 2030 | US$ 6.69 Bn |
| CAGR | CAGR of 14.22% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Technology (Fuel Cell Technology, Semiconductor Oxide Sensor Technology, Others) • By Application (Vehicle Controlling, Healthcare Application) • By End-users (Law Enforcement Agencies, Commercial, Individuals) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa]), Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Dragerwerk AG & Co. KGaA (Germany), Abbott (US), Alcohol Countermeasure Systems Corp. (Canada), AlcoPro. (US), Giner inc. (US), Honeywell International Inc. (US), Asahi Kasei Corporation (Japan), Intoximeters (US), Lifeloc Technologies inc. (US), Quest Products, Inc. (US), ‘Akers Biosciences, Inc. (US), MPD, Inc. (US), AK GlobalTech Corp. (US), C4 Development Ltd. (Hongkong), BACKCtrack Inc. (US), Sunrom Eelctronies |
| Key Drivers | • More electronics are being produced internationally, increasing demand and supply in developing countries. • Increasing research and development spending will pave the path for breakthroughs |
| Market Opportunities | • The development of end-user verticals will increase the potential for small firms. |
Ans: Alcohol Sensor Market is anticipated to expand by 14.22 % from 2023 to 2030.
Ans: The Alcohol Sensor market is estimated to reach US$ 6.69 billion by 2030.
Ans: The Alcohol Sensor Market size was valued at USD 2.31 billion in 2022.
Ans: Rising rates of alcohol, more laws have been passed to eventually limit the extent of expansion, and Inadequate Regulatory and Legal Framework.
Ans: North America has been constantly dominating the global Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Alcohol Sensor Market Segmentation, By Technology
8.1 Fuel Cell Technology
8.2 Semiconductor Oxide Sensor Technology
8.3 Others
9. Alcohol Sensor Market Segmentation, By Application
9.1 Vehicle Controlling
9.2 Healthcare Application
10. Alcohol Sensor Market Segmentation, By End-users
10.1 Law Enforcement Agencies
10.2 Commercial
10.3 Individuals
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Blood Transfusion Diagnostics Market by country
11.2.2North America Blood Transfusion Diagnostics Market by Technology
11.2.3 North America Blood Transfusion Diagnostics Market by Application
11.2.4 North America Blood Transfusion Diagnostics Market by End-users
11.2.5 USA
11.2.5.1 USA Blood Transfusion Diagnostics Market by Technology
11.2.5.2 USA Blood Transfusion Diagnostics Market by Application
11.2.5.3 USA Blood Transfusion Diagnostics Market by End-users
11.2.6 Canada
11.2.6.1 Canada Blood Transfusion Diagnostics Market by Technology
11.2.6.2 Canada Blood Transfusion Diagnostics Market by Application
11.2.6.3 Canada Blood Transfusion Diagnostics Market by End-users
11.2.7 Mexico
11.2.7.1 Mexico Blood Transfusion Diagnostics Market by Technology
11.2.7.2 Mexico Blood Transfusion Diagnostics Market by Application
11.2.7.3 Mexico Blood Transfusion Diagnostics Market by End-users
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Blood Transfusion Diagnostics Market by country
11.3.1.2 Eastern Europe Blood Transfusion Diagnostics Market by Technology
11.3.1.3 Eastern Europe Blood Transfusion Diagnostics Market by Application
11.3.1.4 Eastern Europe Blood Transfusion Diagnostics Market by End-users
11.3.1.5 Poland
11.3.1.5.1 Poland Blood Transfusion Diagnostics Market by Technology
11.3.1.5.2 Poland Blood Transfusion Diagnostics Market by Application
11.3.1.5.3 Poland Blood Transfusion Diagnostics Market by End-users
11.3.1.6 Romania
11.3.1.6.1 Romania Blood Transfusion Diagnostics Market by Technology
11.3.1.6.2 Romania Blood Transfusion Diagnostics Market by Application
11.3.1.6.4 Romania Blood Transfusion Diagnostics Market by End-users
11.3.1.7 Turkey
11.3.1.7.1 Turkey Blood Transfusion Diagnostics Market by Technology
11.3.1.7.2 Turkey Blood Transfusion Diagnostics Market by Application
11.3.1.7.3 Turkey Blood Transfusion Diagnostics Market by End-users
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Blood Transfusion Diagnostics Market by Technology
11.3.1.8.2 Rest of Eastern Europe Blood Transfusion Diagnostics Market by Application
11.3.1.8.3 Rest of Eastern Europe Blood Transfusion Diagnostics Market by End-users
11.3.2 Western Europe
11.3.2.1 Western Europe Blood Transfusion Diagnostics Market by Technology
11.3.2.2 Western Europe Blood Transfusion Diagnostics Market by Application
11.3.2.3 Western Europe Blood Transfusion Diagnostics Market by End-users
11.3.2.4 Germany
11.3.2.4.1 Germany Blood Transfusion Diagnostics Market by Technology
11.3.2.4.2 Germany Blood Transfusion Diagnostics Market by Application
11.3.2.4.3 Germany Blood Transfusion Diagnostics Market by End-users
11.3.2.5 France
11.3.2.5.1 France Blood Transfusion Diagnostics Market by Technology
11.3.2.5.2 France Blood Transfusion Diagnostics Market by Application
11.3.2.5.3 France Blood Transfusion Diagnostics Market by End-users
11.3.2.6 UK
11.3.2.6.1 UK Blood Transfusion Diagnostics Market by Technology
11.3.2.6.2 UK Blood Transfusion Diagnostics Market by Application
11.3.2.6.3 UK Blood Transfusion Diagnostics Market by End-users
11.3.2.7 Italy
11.3.2.7.1 Italy Blood Transfusion Diagnostics Market by Technology
11.3.2.7.2 Italy Blood Transfusion Diagnostics Market by Application
11.3.2.7.3 Italy Blood Transfusion Diagnostics Market by End-users
11.3.2.8 Spain
11.3.2.8.1 Spain Blood Transfusion Diagnostics Market by Technology
11.3.2.8.2 Spain Blood Transfusion Diagnostics Market by Application
11.3.2.8.3 Spain Blood Transfusion Diagnostics Market by End-users
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Blood Transfusion Diagnostics Market by Technology
11.3.2.9.2 Netherlands Blood Transfusion Diagnostics Market by Application
11.3.2.9.3 Netherlands Blood Transfusion Diagnostics Market by Test Type
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Blood Transfusion Diagnostics Market by Technology
11.3.2.10.2 Switzerland Blood Transfusion Diagnostics Market by Application
11.3.2.10.3 Switzerland Blood Transfusion Diagnostics Market by End-users
11.3.2.11.1 Austria
11.3.2.11.2 Austria Blood Transfusion Diagnostics Market by Technology
11.3.2.11.3 Austria Blood Transfusion Diagnostics Market by Application
11.3.2.11.4 Austria Blood Transfusion Diagnostics Market by End-users
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Blood Transfusion Diagnostics Market by Technology
11.3.2.12.2 Rest of Western Europe Blood Transfusion Diagnostics Market by Application
11.3.2.12.3 Rest of Western Europe Blood Transfusion Diagnostics Market by End-users
11.4 Asia-Pacific
11.4.1 Asia-Pacific Blood Transfusion Diagnostics Market by country
11.4.2 Asia-Pacific Blood Transfusion Diagnostics Market by Technology
11.4.3 Asia-Pacific Blood Transfusion Diagnostics Market by Application
11.4.4 Asia-Pacific Blood Transfusion Diagnostics Market by End-users
11.4.5 China
11.4.5.1 China Blood Transfusion Diagnostics Market by Technology
11.4.5.2 China Blood Transfusion Diagnostics Market by End-users
11.4.5.3 China Blood Transfusion Diagnostics Market by Application
11.4.6 India
11.4.6.1 India Blood Transfusion Diagnostics Market by Technology
11.4.6.2 India Blood Transfusion Diagnostics Market by Application
11.4.6.3 India Blood Transfusion Diagnostics Market by End-users
11.4.7 Japan
11.4.7.1 Japan Blood Transfusion Diagnostics Market by Technology
11.4.7.2 Japan Blood Transfusion Diagnostics Market by Application
11.4.7.3 Japan Blood Transfusion Diagnostics Market by End-users
11.4.8 South Korea
11.4.8.1 South Korea Blood Transfusion Diagnostics Market by Technology
11.4.8.2 South Korea Blood Transfusion Diagnostics Market by Application
11.4.8.3 South Korea Blood Transfusion Diagnostics Market by End-users
11.4.9 Vietnam
11.4.9.1 Vietnam Blood Transfusion Diagnostics Market by Technology
11.4.9.2 Vietnam Blood Transfusion Diagnostics Market by Application
11.4.9.3 Vietnam Blood Transfusion Diagnostics Market by End-users
11.4.10 Singapore
11.4.10.1 Singapore Blood Transfusion Diagnostics Market by Technology
11.4.10.2 Singapore Blood Transfusion Diagnostics Market by Application
11.4.10.3 Singapore Blood Transfusion Diagnostics Market by End-users
11.4.11 Australia
11.4.11.1 Australia Blood Transfusion Diagnostics Market by Technology
11.4.11.2 Australia Blood Transfusion Diagnostics Market by Application
11.4.11.3 Australia Blood Transfusion Diagnostics Market by End-users
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Blood Transfusion Diagnostics Market by Technology
11.4.12.2 Rest of Asia-Pacific Blood Transfusion Diagnostics Market by Application
11.4.12.3 Rest of Asia-Pacific Blood Transfusion Diagnostics Market by Test Type
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Blood Transfusion Diagnostics Market by country
11.5.1.2 Middle East Blood Transfusion Diagnostics Market by Technology
11.5.1.3 Middle East Blood Transfusion Diagnostics Market by Application
11.5.1.4 Middle East Blood Transfusion Diagnostics Market by End-users
11.5.1.5 UAE
11.5.1.5.1 UAE Blood Transfusion Diagnostics Market by Technology
11.5.1.5.2 UAE Blood Transfusion Diagnostics Market by Application
11.5.1.5.3 UAE Blood Transfusion Diagnostics Market by End-users
11.5.1.6 Egypt
11.5.1.6.1 Egypt Blood Transfusion Diagnostics Market by Technology
11.5.1.6.2 Egypt Blood Transfusion Diagnostics Market by Application
11.5.1.6.3 Egypt Blood Transfusion Diagnostics Market by End-users
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Blood Transfusion Diagnostics Market by Technology
11.5.1.7.2 Saudi Arabia Blood Transfusion Diagnostics Market by Application
11.5.1.7.3 Saudi Arabia Blood Transfusion Diagnostics Market by End-users
11.5.1.8 Qatar
11.5.1.8.1 Qatar Blood Transfusion Diagnostics Market by Technology
11.5.1.8.2 Qatar Blood Transfusion Diagnostics Market by Application
11.5.1.8.3 Qatar Blood Transfusion Diagnostics Market by End-users
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Blood Transfusion Diagnostics Market by Technology
11.5.1.9.2 Rest of Middle East Blood Transfusion Diagnostics Market by Application
11.5.1.9.3 Rest of Middle East Blood Transfusion Diagnostics Market by End-users
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by country
11.5.2.2 Africa Blood Transfusion Diagnostics Market by Technology
11.5.2.3 Africa Blood Transfusion Diagnostics Market by Application
11.5.2.4 Africa Blood Transfusion Diagnostics Market by End-users
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Blood Transfusion Diagnostics Market by Technology
11.5.2.5.2 Nigeria Blood Transfusion Diagnostics Market by Application
11.5.2.5.3 Nigeria Blood Transfusion Diagnostics Market by End-users
11.5.2.6 South Africa
11.5.2.6.1 South Africa Blood Transfusion Diagnostics Market by Technology
11.5.2.6.2 South Africa Blood Transfusion Diagnostics Market by Application
11.5.2.6.3 South Africa Blood Transfusion Diagnostics Market by End-users
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Blood Transfusion Diagnostics Market by Technology
11.5.2.7.2 Rest of Africa Blood Transfusion Diagnostics Market by Application
11.5.2.7.3 Rest of Africa Blood Transfusion Diagnostics Market by Test type
11.6 Latin America
11.6.1 Latin America Blood Transfusion Diagnostics Market by country
11.6.2 Latin America Blood Transfusion Diagnostics Market by Technology
11.6.3 Latin America Blood Transfusion Diagnostics Market by Technique
11.6.4 Latin America Blood Transfusion Diagnostics Market by End User
11.6.5 Brazil
11.6.5.1 Brazil America Blood Transfusion Diagnostics by Technology
11.6.5.2 Brazil America Blood Transfusion Diagnostics by Technique
11.6.5.3 Brazil America Blood Transfusion Diagnostics by End User
11.6.6 Argentina
11.6.6.1 Argentina America Blood Transfusion Diagnostics by Technology
11.6.6.2 Argentina America Blood Transfusion Diagnostics by Technique
11.6.6.3 Argentina America Blood Transfusion Diagnostics by End User
11.6.7 Colombia
11.6.7.1 Colombia America Blood Transfusion Diagnostics by Technology
11.6.7.2 Colombia America Blood Transfusion Diagnostics by Technique
11.6.7.3 Colombia America Blood Transfusion Diagnostics by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Blood Transfusion Diagnostics by Technology
11.6.8.2 Rest of Latin America Blood Transfusion Diagnostics by Technique
11.6.8.3 Rest of Latin America Blood Transfusion Diagnostics by End User
12. Company profile
12.1 Dragerwerk AG & Co. KGaA (Germany)
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Abbott (US),
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Alcohol Countermeasure Systems Corp. (Canada),
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 AlcoPro. (US),
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Giner inc. (US),
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Honeywell International Inc. (US)
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Asahi Kasei Corporation (Japan)
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Intoximeters (US)
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Lifeloc Technologies inc. (US)
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Quest Products, Inc. (US)
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Use Case and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Industrial Gas Sensors Market size was valued at USD 1054 million in 2022 and is expected to grow to USD 1757.2 million by 2030 and grow at a CAGR of 6.6 % over the forecast period of 2023-2030.
The IoT Connected Machines Market size was valued at USD 145.96 billion in 2022 and is expected to grow to USD 606.98 billion by 2030. The market is projected to experience a remarkable Compound Annual Growth Rate (CAGR) of 19.5% from 2023 to 2030.
Emission Monitoring System (EMS) Market Size was valued at USD 3.68 billion in 2022 and is expected to reach USD 7.40 billion by 2030 and grow at a CAGR of 9.1% over the forecast period 2023-2030.
The Power Strip Market Size was valued at USD 11.65 billion in 2022 and is expected to reach USD 17.75 billion by 2030 and grow at a CAGR of 5.4% over the forecast period 2023-2030.
The Electric Car Charger Market size was valued at USD 3.99 billion in 2022 and is expected to grow to USD 44.80 billion by 2030 and grow at a CAGR of 35.3 % over the forecast period of 2023-2030.
The Wireless Charging Market was valued at USD 5.95 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 24.1% from 2023 to 2030 and it will reach USD 33.51 billion in 2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
