LifeLoc Technologies Inc (LCTC)

[pdicamillo1]

According to this new report from Data Bridge Market research, the Global alcohol sensor market is expected to reach USD 4.33 billion by 2026 from USD 1.55 billion in 2018 and is projected to grow at a CAGR of 13.7% in the forecast period of 2019 to 2026:

https://www.marketwatch.com/press-release/global-alcohol-sensor-market-2019-analysis-by-top-companies-like-dragerwerk-ag-co-kgaa-abbott-alcohol-countermeasure-systems-corp-alcopro-giner-inc-honeywell-international-inc-2019-03-15

I would expect Lifeloc to grow at an annual growth rate of at least 13.7% in the coming years.

Lifeloc has set a goal to be a Billion Dollar business within 10 years. For this to occur, they really need to get moving. I know I have stated this before, but Lifloc continues to captures less than 1% of the alcohol sensor market.

There is so much room for growth and opportunity here. Keep in mind this is just in the alcohol market. The drugs of abuse market is a whole other animal and should have growth much greater than the alcohol market.