Saturday, 27 July 2024
According to our latest study on “Radar Detectors Market Forecast to 2030– COVID-19 Impact and Global Analysis – by Type, and Radar Type,” the radar detectors market size is expected to reach US$ 290.06 million by 2030 from US$ 207.75 million in 2022, with an estimated CAGR of 4.3% from 2022 to 2030.
Radar detectors can alert drivers of the presence of radar-equipped law enforcement vehicles and give drivers time to slow down and avoid getting speeding tickets. Also, these detectors help drivers become more aware of their surroundings. They can detect other vehicles and objects, such as roadwork zones and speed cameras. This information can help drivers make better decisions while driving.
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Source: The Insight Partners Analysis
Radar detectors help improve road safety in several ways. The increase in high-speed vehicles is resulting in a rise in road accidents. Thus, police and law enforcement agencies use radar guns to detect the vehicle's speed. Drivers use radar detectors to get information about radar guns and decrease their speed accordingly, which helps reduce road accidents. According to a report published by the World Health Organization (WHO) in June 2022, ~1.3 million people die each year due to road traffic crashes. Various organizations are taking steps to reduce the number of road accidents. With radar detectors, the risk of tragic accidents can be mitigated as drivers get an early alert and can reduce their speed beforehand. Further, the United Nations General Assembly has set an ambitious target of cutting the global number of injuries and deaths from road traffic crashes by 2030. Thus, the number of speed gun installations has increased, creating a demand for radar detectors to avoid speeding tickets.
The radar detectors market is segmented into type, radar type, and geography. Based on type, the radar detectors market is segmented into corded and remote mounted. Based on radar type, the radar detectors market is segmented into dash camera-based and without dash cam. By geography, the radar detectors market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
North America has emerged as a dominant market for radar detectors. The region’s strong manufacturing base, government initiatives promoting the automobile industry, and emphasis on road safety have fueled the demand for radar detectors in North America. Further, high disposable income and a culture of car ownership contributed to the region's rising demand for radar detectors.
Europe has also witnessed substantial growth in the radar detector market. The strong automotive industry has been a key driver for the adoption of radar detectors in Europe. However, the market growth is hindered by varying regulations and strict government laws. The radar detector market in Asia Pacific is substantial, driven primarily by countries such as Australia, China, and Japan. Growing vehicle ownership counts, improved road infrastructure, and rising speed enforcement measures contribute to the Asia Pacific radar detector market growth.
Cedar Electronics; Uniden Holdings Corporation; Whistler Group; Valentine Research, Inc.; Radenso; Attowave Co., Ltd; GENEVO s.r.o.; Willtronics; K40 Electronics, LLC; Adaptiv Technologies; and Rocky Mountain Radar are among the key players operating in the radar detectors market.
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