The global radar detector market demand is expected to gain momentum by reaching USD 463.7 million by 2028 while exhibiting a CAGR of 4.18% between 2021 to 2028. In its report titled, “Radar Detector Market Size, Share & COVID-19 Impact Analysis, By Type (Corded, Cordless, Remote Mount), Wavelength (X-Band, Ka-Band, K-Band, Ku-Band, Others, and Regional Forecast, 2021-2028,” Fortune Business Insights mentions that the market stood at USD 343.1 million in 2020.
A radar detector is used to detect radar waves, which is used to measure a vehicle’s speed. The device is equipped with a computer and has more than one radio frequency receiver. The receivers help in catching specific frequencies to identify and detect speeding cars used by police.
Increasing Need to Avoid Road Accidents and Enhance Safety Will Propel Growth
In recent times, road accidents have become prevalent due to the increasing demand for high-speed vehicles. Thus, the police and law enforcement agencies use these radar sensors to limit a vehicle's speed. Additionally, the vehicle owners also use these radar detectors to get information related to police radar guns, which ultimately helps in reducing accidents. For instance, a report by the World Health Organization (WHO) reports, around 1.3 million people die each year due to road accidents. The report mentioned that high-speed driving is one of the main reasons for road traffic crashes. This is expected to drive the radar detector market growth in upcoming years.
Fortune Business Insights profiles some of the prominent companies operating in the radar detector market. They are as follows:
- Axis Communications AB (Sweden)
- Beltronics (U.S.)
- Cedar Electronics ( U.S.)
- GENEVO s.r.o. (Czech Republic)
- K40 Electronics (U.S.)
- Radenso ( U.S.)