The radar detectors market size is projected to reach US$ 290.06 million by 2030 from US$ 207.75 million in 2022. The market is expected to register a CAGR of 4.30% during 2022–2030. The Increasing integration of dash cameras is likely to remain a key trend in the market.
Mosmans in radar technologies have developed more sophisticated radar detectors that can offer improved accuracy to reduce false alerts for consumers in Canada; this development triggered the need for radar detectors with features such as GPS technology, smartphone connectivity, and community-based alerts to share real-time information about speed traps and law enforcement activity.
Radar detectors have become a driver's way of minimizing the chances of being caught for speeding. A radar detector is, in fact, a boon for those who inadvertently exceed the speed limit. Using a radar detector when driving might also act psychologically to alter driving behavior. GPS-enabled radar detectors are gaining popularity. GPS-enabled radar detectors use a GPS receiver to store the location of known speed and red-light cameras. These detectors can also use GPS to filter out false alerts from other radar sources and improve accuracy and real-time information for drivers. Thus, the demand for radar detectors is increasing. Several market players, including Radenso, Escort, Uniden, and Cobra, provide GPS-enabled radar detectors.
Radar detectors help improve road safety in several ways. They can alert drivers of the presence of radar-equipped law enforcement vehicles. This gives 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.
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. The WHO report states that speeding is one of the major factors in road accidents. Various organizations are taking steps to reduce the number of road accidents. For example, 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 increased number of road accidents and a rise in demand for road safety drive the radar detectors market
The radar detector market is legal in South Korea, and the government is open to exploring new opportunities in the market. South Korea is home to major automobile manufacturers such as Hyundai and Kia, and the country has strong potential for the automotive industry. With the growing number of vehicles, which includes sports cars and luxury cars, there is an increasing demand for radar detectors. Also, radar detector manufacturers are developing more advanced sophisticated products with improved accuracy features to attract potential customers. There are a few leading suppliers and manufacturers of radar detectors in South Korea, namely ANWave Co. Ltd, WILLTRONICS CO., LTD; and Attowave Co. Ltd. Thus, with the changes in regulations and legalization of radar detectors in countries such as India and Australia, the South Korean manufacturers will also get more opportunities to expand their radar detector market share.
Key segments that contributed to the derivation of the radar detectors market analysis are type, wavelength, and technology.
The geographic scope of the radar detectors market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. Radar detectors are 100% legal in China; as per the laws, there are no objections to selling and purchasing radar detectors. China has a massive and growing automotive market, with millions of new vehicles hitting the road each year. Also, there is a growing popularity of sports cars and high-end luxury cars in China, which increases the potential customer base for detectors. With the growing population, the roads have become a significant concern, owing to which drivers are more interested in investing in radar detectors to help them avoid speeding tickets and potential accidents. In search environments, drivers use radar detectors to navigate through traffic and avoid potential speed traps.
The regional trends and factors influencing the Radar Detectors Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Radar Detectors Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 207.75 Million |
| Market Size by 2030 | US$ 290.06 Million |
| Global CAGR (2022 - 2030) | 4.3% |
| Historical Data | 2020-2021 |
| Forecast period | 2022-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Radar Detectors Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Radar Detectors Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The radar detectors market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the radar detectors market are listed below:
(Source: ESCORT, September 2021)
(Source: ESCORT, April 2023)
The “Radar Detectors Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
North America dominated the radar detectors market in 2022.
Increasing demand for road safety is the major factors that propel the global radar detectors market.
Increasing integration of dash cameras to play a significant role in the global radar detectors market in the coming years.
The leading players operating in the global radar detectors market are Uniden America Corp, Cedar Electronics Corp, Radenso, K40 Electronics LLC, The Whistler Group Inc, Genevo SRO, IDeal Intelligent Technology Co Ltd, Axis Communications AB, Shenzhen Sinomatic Technology Co Ltd, Novasky Technology Co Ltd and Wavesonic Technology Co Ltd.
The global radar detectors market is expected to reach US$ 290.06 million by 2030.
The market is expected to register a CAGR of 4.3% during 2022–2030