PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420371
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420371
High Accuracy IR Based Breathalyzers and Growing Demand for Personal Breathalyzers Propel Market Growth
The global alcohol breathalyzer and drug testing equipment market, vital for testing intoxication levels resulting from alcohol and drug consumption, is expected to exhibit substantial growth during the forecast period from 2024 to 2031. The market is anticipated to reach an estimated US$ 13,393.3 million by the end of 2026.
Among these equipment segments, IR based breathalyzers, known for their high degree of accuracy, are extensively utilized and are expected to witness robust growth during the forecast period. The Alconsensor (fuel cell based) breathalyzer segment is projected to remain the largest from 2024 to 2031.
Alcohol detection is anticipated to witness the highest CAGR of 6.5%, reaching a value of nearly US$ 10 billion by 2026. Despite an increasing number of drunk driving cases driving the demand for alcohol detection equipment, the drugs detection segment is expected to gain higher traction during the forecast period.
Federal departments have historically accounted for higher demand for alcohol breathalyzers and drug testing equipment, followed by the private sector. While revenue from federal departments is expected to exceed US$ 6 billion, the private sector is projected to cross US$ 4 billion by the end of 2026. However, the private sector segment is poised to expand at a higher CAGR of more than 7.5%.
In terms of value, North America is poised to dominate the market. Asia Pacific is anticipated to emerge as the fastest-growing market, registering a CAGR of 7.9% in terms of value during the forecast period. The growth in Asia Pacific is attributed to the excessive usage of drug and alcohol testing equipment in sectors like mining, transport, and construction.
The growth of the global alcohol breathalyzer and drug testing equipment market is primarily driven by increasing cases of alcohol and drug abuse, coupled with stringent government regulations. The rising popularity of personal breathalyzers and the emergence of affordable alcohol breathalyzers in developing economies are also contributing factors.
However, high price points and limited opportunities for new market players in developed regions pose challenges and may hinder market growth, potentially impeding the overall development of the alcohol breathalyzer and drug testing equipment market.
Market Segmentation
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