Market Overview:
The global radar speed detector market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The increasing demand for smart transportation and electronic police are the major factors driving the growth of this market. Additionally, the growing awareness about road safety is also propelling the growth of this market. However, high installation and maintenance cost may restrain the growth of this market to some extent during the forecast period. On basis of type, handheld radar speed detectors are expected to hold a dominant position in this market during 2018-2030 owing to their low installation and maintenance cost as compared to vehicular and other types of radar speed detectors. On basis on application, smart transportation segment is anticipated witness highest CAGR over next 10 years due rising adoption rate across globe for improving traffic flow & reducing congestion on roads .
Product Definition:
A radar speed detector is a device that uses radio waves to determine the speed of objects. It is typically used by law enforcement to measure the speed of vehicles.
Handheld:
Handheld radar speed detector is a device used for measuring the speed of vehicles. It works on the principle of electromagnetic induction, which sends out a signal and receives back the echo which gives an accurate reading of vehicle’s speed.
Vehicular:
Vehicular is a term used for the collection of vehicles that are involved in road transportation. It includes all types of vehicles such as trucks, cars, buses, and others. The vehicular segment forms the largest share in the transportation industry owing to increasing demand from roadways which include intra-city transport as well as passenger travel.
Application Insights:
The other application segment includes weather radar, air traffic control, and aerospace applications. The other segment dominated the global market in terms of revenue in 2017. It is expected to continue its dominance over the forecast period owing to increasing demand for advanced radar speed detectors from various end-use industries such as automotive and aviation.
Radar speed detector systems are used by police departments across countries such as China, Japan, South Korea and Australia for enforcement purposes. These detectors help reduce vehicle speeds on highways which reduces accidents caused due to driver fatigue or speeding drivers among other factors that contribute towards road safety globally.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of prominent players such as Globalstar, Inc.; Trimble Navigation Ltd.; and Telogis, Inc. These companies are focusing on increasing their customer base by providing cost-effective products for different applications. For instance, in September 2018, Globalstar announced that it had entered into a partnership with BAE Systems to provide its GLOBSTAR 2 satellite communication system for use on military aircraft and ships.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising demand from developing countries such as China and India along with Japan’s aging infrastructure network which needs replacement or upgradation at regular intervals due to increased traffic volume resulting from growing population density coupled with rapid urbanization trends across these countries.
Growth Factors:
- Increasing demand for radar speed detectors in the automotive industry as a safety feature
- Rising awareness about the benefits of using radar speed detectors among consumers
- Technological advancements in radar speed detector technology that make them more accurate and efficient
- Growing number of online and offline retail stores offering a wide range of radar speed detectors at competitive prices
- Increasing number of countries implementing stringent laws governing speeding and traffic violations
Scope Of The Report
Report Attributes
Report Details
Report Title
Radar Speed Detector Market Research Report
By Type
Handheld, Vehicular, Other
By Application
Smart Transportation, Electronic Police, Other
By Companies
Wanyue, Bushnell, Stalker, Eguarder, Hanwei, Globeradar, SUZHOU SUNGOD INSTRUMENT, Maxvision, Dahuatech, Turbo, Mingyang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Radar Speed Detector Market Report Segments:
The global Radar Speed Detector market is segmented on the basis of:
Types
Handheld, Vehicular, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Smart Transportation, Electronic Police, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wanyue
- Bushnell
- Stalker
- Eguarder
- Hanwei
- Globeradar
- SUZHOU SUNGOD INSTRUMENT
- Maxvision
- Dahuatech
- Turbo
- Mingyang
Highlights of The Radar Speed Detector Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Handheld
- Vehicular
- Other
- By Application:
- Smart Transportation
- Electronic Police
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Radar Speed Detector Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A radar speed detector is a device that uses radar waves to measure the speed of objects.
Some of the key players operating in the radar speed detector market are Wanyue, Bushnell, Stalker, Eguarder, Hanwei, Globeradar, SUZHOU SUNGOD INSTRUMENT, Maxvision, Dahuatech, Turbo, Mingyang.
The radar speed detector market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radar Speed Detector Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Radar Speed Detector Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Radar Speed Detector Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Radar Speed Detector Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Radar Speed Detector Market Size & Forecast, 2020-2028
4.5.1 Radar Speed Detector Market Size and Y-o-Y Growth
4.5.2 Radar Speed Detector Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Handheld
5.2.2 Vehicular
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Smart Transportation
6.2.2 Electronic Police
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Radar Speed Detector Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Radar Speed Detector Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Handheld
9.6.2 Vehicular
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Smart Transportation
9.10.2 Electronic Police
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Handheld
10.6.2 Vehicular
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Smart Transportation
10.10.2 Electronic Police
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Handheld
11.6.2 Vehicular
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Smart Transportation
11.10.2 Electronic Police
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Handheld
12.6.2 Vehicular
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Smart Transportation
12.10.2 Electronic Police
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Handheld
13.6.2 Vehicular
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Smart Transportation
13.10.2 Electronic Police
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Radar Speed Detector Market: Competitive Dashboard
14.2 Global Radar Speed Detector Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wanyue
14.3.2 Bushnell
14.3.3 Stalker
14.3.4 Eguarder
14.3.5 Hanwei
14.3.6 Globeradar
14.3.7 SUZHOU SUNGOD INSTRUMENT
14.3.8 Maxvision
14.3.9 Dahuatech
14.3.10 Turbo
14.3.11 Mingyang
