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Radar Detector Market to Exhibit 4.18% CAGR by 2028; Increasing Prevalence of Road Accidents Worldwide to Augment Market Growth

September 03, 2021 | Aerospace & Defense

The global radar detector market size is expected to gain momentum by reaching USD 463.7 million by 2028 from USD 348.1 million in 2021 due to the increasing prevalence of road accidents. This information is provided by Fortune Business Insights 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.” The report mentions that the market stood at USD 343.1 million in 2020 and is projected to exhibit a CAGR of 4.18% during the forecast period. 


Valentine Research Inc. Launches New Valentine One Radar


In March 2020, Valentine Research Inc. announced the launch of a new Valentine One radar detector named Gen2. This Gem 2 is based on military radar technology to offer better detection. This radar also helps in sifting through false signals from driver-assistance tech. The radar can be connected to one’s phone using its built-in Bluetooth abilities. Furthermore, it has a built-in feature called K-Verifier, which is specifically designed to fight the unnecessary K-band alerts that V1s pick up from an advanced cruise control system.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/radar-detector-market-103741


Manufacturing of Compact Design and Low-cost Detectors Will Aid Growth


The advancement in technology has led to the adoption of next-generation technologies, which are more efficient as well as are cost-effective as compared to traditional equipment. Thus the adoption of advanced systems integrated with GPS and false alarm alert systems in these detects is expected to drive radar detector market growth. These next-generation devices can detect radar, laser, and VG-2 signals. Additionally, it also helps in improving accuracy and provides real-time information for drivers. For instance, Cobra RAD 350, Escort Max 360c, and Uniden R7 are a few of the popular detector devices which are used in the world.


Key Players Focus on Product Launch to Brighten Their Market Prospects


The market is experiencing healthy competition among key players focusing on developing and launching new products to widen their product portfolio and further boost sales revenues. In addition, the other players are trying to maintain their position in the market by adopting strategies such as merger and acquisition, partnership and collaboration, and new launches that will contribute to the growth of this market during the forecast period.


Industry Development



  •  January 2020 – Image Sensing Systems Inc. (ISS) declared the launch of RTMS Echo. It is the company’s next-generation radar unit, which will be helpful in collecting the required data to provide drivers with safe, congestion-free roadways.


List of Key Players Profiled in the Report



  •  Axis Communications AB (Sweden)

  • Beltronics (U.S.)

  • Cedar Electronics (U.S.)

  • GENEVO s.r.o. (Czech Republic)

  • K40 Electronics (U.S.)

  • Radenso (U.S.)

  • Rocky Mountain Radar (U.S.)

  • Uniden America Corporation (U.S.)

  • Valentine Research, Inc. (U.S.)

  • Whistler Group (U.S.)


Further Report Findings



  • North America is expected to hold the largest radar detector market share during the forecast period. This is attributable to the presence of prominent market players in the region.  The region stood at USD 125.1 million in 2020.

  • Asia Pacific is expected to showcase a significant rise in the market owing to the rising end-user application from India, China, and Australia.

  • Based on type, the market is divided into corded, cordless, and remote mount. Out of these, the corded segment dominated the market for these detectors owing to never-ending battery life. It generated 44.1% in terms of share in 2020.


Table of Segmentation












































  ATTRIBUTE



  DETAILS



Study Period



  2017-2028



Base Year



  2020



Forecast Period



  2021-2028



Historical Period



  2017-2019



Unit



  Value (USD Million)



Segmentation



  Type, Wavelength, and Geography



By Type



  • Corded

  • Cordless

  • Remote Mount



By Wavelength



  • X-Band

  • K-Band

  • Ka-Band

  • Ku-Band

  • Others



 


 



By Geography



  • North America (By Type, Wavelength, and Country)

    • The U.S. (By Type)

    • Canada (By Type)



  • Europe (By Type, Wavelength, and Country)

    • The U.K. (By Type)

    • Germany (By Type)

    • France (By Type)

    • Russia (By Type)

    • Rest of Europe (By Type)



  • Asia-Pacific (By Type, Wavelength, and Country)

    • Japan (By Type)

    • China (By Type)

    • India (By Type)

    • Australia (By Type)

    • Rest of Asia-Pacific (By Type)



  • Rest of the World (By Type, Wavelength, and Sub-Region)

    • Latin America (By Type)

    • The Middle East & Africa (By Type)




Global Radar Detector Market
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  • 2020
  • 2017-2019
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