Global Radar Detector Market Report and Forecast 2024-2032

Global Radar Detector Market Outlook

The global radar detector market attained a value of USD 386.36 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.2% to reach USD 561.09 billion by 2032.

The Cordless Segment to Account for a Substantial Market Share of the Global Radar Detector Industry

Based on type, the cordless segment is projected to account for a substantial share of the global radar detector industry, as cordless radar detectors are portable, easy to operate, and convenient to use in various types of vehicles. Another advantage of adopting cordless radar detectors is their long-range protection against radar and laser speed guns and less power consumption.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Furthermore, the demand for these detectors is being spurred by the need to reduce the number of accidents, as well as the convenience with which drivers can avoid exceeding their vehicle's speed limit. Moreover, many manufacturers are investing in R&D activities to reduce size and cost and increase the functionality and reliability of cordless radar detectors. Therefore, these benefits are expected to bolster the growth of the segment.

North America Accounts for a Significant Share in the Radar Detector Industry

Geographically, North America accounts for a significant share in the industry and is expected to continue to do so during the forecast period. Due to the increased prevalence of accidents as well as to avoid licence suspension and penalty, the region's market is expected to expand. Furthermore, North American law enforcement agencies use three radar frequencies: K-band, which runs between 24.05 and 24.25 GHz, X-band, which operates between 10.5 and 10.55 GHz, and Ka-band, which operates between 33.4 and 36 GHz. Meanwhile, the favourable government initiatives in Asian countries like China and India are expected to drive the demand for radar detectors in the forecast period. Thus, the positive GDP estimates, coupled with government attempts to improve vehicle safety and security, are expected to drive the growth of the market in the Asia Pacific.

Radar Detector Market Segmentation

A radar detector is an electrical device that motorists use to identify whether their speed is being tracked by police or law enforcement using a radar gun. Most radar detectors are employed so that the driver can slow down before being penalised for speeding. The detectors are simple to install and use. In many instances, a radar detector equipped with a laser shifter can offer safety. Some detectors use GPS, which eliminates false alarms.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

By type, the market is divided into:

• Cordless
• Corded
• Remote Mount

Based on wavelength, the industry can be segmented into:

• X-Band
• K-Band
• Ka-Band
• Ku-Band
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Increasing Need to Prevent Road Accidents and Enhance Safety to Bolster the Growth of the Radar Detector Industry

The global radar detector industry is being driven by the increased demand for high-speed vehicles and the prevalence of road accidents, which have become more common in recent years. As a result, radar sensors are used by police and law enforcement agencies to limit a vehicle's speed. Furthermore, car owners utilise these radar detectors to obtain information about police radar guns, which aids in the reduction of accidents. In addition, the adoption of advanced solutions with GPS and artificial intelligence assist in false alarm alert systems to get accurate and real time information, which is projected to drive the growth of the radar detector industry in the forecast period.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Industry Players in the Global Radar Detector Market

The report gives a detailed analysis of the following key players in the global radar detector market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Axis Communication AB
• Beltronics
• Cedar Electronics
• GENEVO s.r.o.
• K40 Electronics
• Radenso
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report