Shashie Pawar

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Technological Advancements to Propel Growth Alcohol Sensor Market Share 2027

The alcohol sensor market will witness a healthy growth from 2018 to 2027, a research report suggests. Growing at a CAGR of 13.8%, the market is projected to reach US$1,985.3 million by 2027. Installation of alcohol detection systems in automobiles is expected to support the market growth along with Smartphone based breathalyzers. As predicted by analysts, concerns regarding reliability will negatively affect the market’s performance from 2018 to 2027. During the forecast period, the market will be supported by integration of sensors and the rising use of smart phones. Problems related to consistency on the other hand will challenge breathalyzer based organizations functioning in the global alcohol sensor services market. Analysts have split the market into application, technology, and end-users segments based on products and services. Breathalyzer based companies have been profiled. Concerns regarding counterfeit products are set to affect the global alcohol sensor market during the forecast period 2018 to 2027. The report also provides the market’s performance forecasts till 2027. Analysts have studied the strategy of breathalyzer based organizations to help new entrants and established businesses. The breathalyzer sector itself is supported by the changing social behavior as well as the population growth. During the forecast period 2018 to 2027, the alcohol sensor market is set to witness a health growth across application, technology, and end-users segments as well as regional markets.

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