GPS radar detectors are becoming increasingly popular due to their ability to provide more accurate detection than traditional full-band units. GPS units use satellite technology to pinpoint the location of a Radar source, which can then be displayed on a map for easy reference. GPS units are also generally more expensive than full-band units.
GPS full-band radar detectors combine the features of both GPS and full-band units. In terms of precision and cost, these machines provide the best of both worlds. They do have some disadvantages, though. For example, GPS full-band systems are typically bigger and bulkier than their conventional equivalents, making them more challenging to store and move.
Police personnel utilise radar guns to monitor the speed of approaching vehicles, and radar detectors are used to find these guns when they are present. They are also used by transportation departments to monitor traffic flow and identify potential congestion areas.
The increasing number of vehicle accidents is the primary factor driving the growth of the radar detector market. According to the World Health Organization (WHO), road traffic accidents claimed an estimated 1.35 million lives in 2016, with a further 50 million people sustaining injuries. Radar detectors can help drivers avoid speeding tickets and accidents by alerting them to the presence of radar guns in their vicinity.
Another significant element propelling the expansion of the radar detector market is the rising acceptance of advanced driver assistance systems (ADAS). In order to alert drivers to potential road hazards and assist them to avoid collisions, ADAS technology use sensors and cameras. Another element driving market expansion is the growing demand for luxury vehicles. All income levels are buying luxury cars because of their high-tech features like radar detectors and ADAS systems.
Police personnel utilise radar guns to monitor the speed of approaching vehicles, and radar detectors are used to find these guns when they are present. Transportation authorities also employ them to keep track of traffic patterns and spot future congested areas. Radar detectors are tools for spotting the existence of radar guns, which are used by law enforcement to gauge a vehicle's speed. Radar detectors can be used to locate a police officer who is using a radar gun as well as to alert drivers to the presence of a radar gun. Radar detectors come in a variety of designs, and each design has advantages and drawbacks that are unique to it.
By 2031, the market for radar detectors is projected to be worth USD 1.8 billion, expanding at a CAGR of almost 6%.
Over the coming few years, the market is anticipated to develop as a result of the increasing demand for radar detectors in automotive and transportation applications.
The expensive price of radar detectors and consumers' lack of awareness is market restraints. Due to the advanced technology used in these products, the price is significant. Because their advantages are not well known, radar detectors are not frequently employed in poorer nations. Radar detector use has also been outlawed in certain developed nations, which is another barrier to this market's growth.
The market for radar detectors is dominated by a number of significant competitors. Escort Inc., Beltronics Professional Series, Whistler Group, Valentine Research Inc., and Cobra Electronics Corporation are a few of the top businesses. Throughout the projected period, these businesses are anticipated to rule the market.
The medium End Car segment forms a major portion of the market
As the name suggests, full-band radar detectors are designed to detect all types of radar signals. Full-band radar detectors offer the best possible protection against speeding tickets and are the most popular type of radar detector on the market.
GPS radar detectors are becoming increasingly popular as they offer an extra layer of protection against getting speeding tickets. GPS radar detectors use GPS technology to identify the location of speed cameras and give drivers a warning when they are approaching one.
GPS full-band radar detectors combine the features of both full-band and GPS radar detectors. Despite being the most expensive, these devices provide the best conceivable defence against speeding charges.
Ordinary radar detectors only detect one type of radar signal and are not as effective at detecting all types of speed traps. However, they are much cheaper than full-band or GPS units and can still be helpful in avoiding speeding tickets.
Automotive Owner's Segment to rule the market
The automotive owners' segment is anticipated to be the largest contributor to the growth of the radar detector market during the forecast period.
The automotive owners' segment includes individuals who own and operate vehicles for personal or family use. One of the main elements fueling the expansion of this market is the rise in the number of vehicle owners around the world.
The transportation departments segment includes government organizations responsible for managing and regulating transportation systems within their jurisdictions. The implementation of strict regulations regarding speed limits and traffic violations is one of the key factors driving the growth of this segment.
America will command the market.
The world's largest market for radar detectors is reportedly in North America. The US contributes the most to this market. Some of the key factors propelling the growth of the radar detector market in this area include the rising demand for sophisticated safety features in automobiles and the rise in the number of speeding citations given. Additionally, it is projected that the existence of strict government laws related to car safety will support market growth in North America throughout the projection period.
Covid-19 Impact & Market Status
The outbreak of the COVID-19 pandemic has had a significant impact on the radar detector market. During the forecast period, the market is anticipated to expand at a CAGR of about 5%. One of the industries most severely impacted by the pandemic has been the automotive sector. Lack of demand and supply chain interruptions have led manufacturers to halt production. Additionally, this has had a detrimental effect on the market for radar detectors. However, the market is anticipated to rebound in the upcoming months as a result of stimulus plans for the automotive industry announced by governments throughout the world.
Latest Innovations in the Global Radar Detector Market: A Snapshot
- In January 2020, Uniden Corporation launched the R7 Extreme Long Range Dual Antenna Laser Radar Detector. This product provides 360-degree protection against all radar frequencies used in North America and Europe.
- In February 2020, Beltronics released the Pro GX65 Professional Series Radar Detector. This product features advanced digital signal processing for enhanced detection range and reduced false alerts.
- In March 2020, Cobra Electronics Corporation launched the iRadar Atom Radar Detector with GPS Location Marking. This product provides early warning detection of all radar & laser bands used in North America, Europe, and Australia/New Zealand.
- In April 2020, Whistler Group Inc. launched the Z-19R+ Digital Cordless Radar/Laser Detector with GPS Relay Technology. This product offers 360-degree protection against all radar & laser bands used in North America and Europe.
Radar Detector Market Scope
|Revenue forecast in 2031
|USD 1.8 billion
|CAGR of 6% during 2021-2031
|Type, Application, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|significant competitors. Escort Inc., Beltronics Professional Series, Whistler Group, Valentine Research Inc., and Cobra Electronics Corporation
Key Segment of Global Radar Detector Market
By Type Overview 2021-2031, (USD Billion)
- Full-Band Radar Detector
- GPS Radar Detector
- GPS Full Band Radar Detector
- Ordinary Radar Detector
By Application Overview 2021-2031, (USD Billion)
- Automotive Owners
- Transportation Departments
By Region Overview 2021-2031, (USD Billion)
- Rest of Asia Pacific
- Rest of North America
- Rest of Europe
Middle East and Africa