At 5.4% CAGR, the Asia Pacific Radar Detectors Market is Projected to be worth US$ 76.17 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific radar detectors market was valued at US$ 50.18 million in 2022 and is expected to reach US$ 76.17 million by 2030, registering a CAGR of 5.4% from 2022 to 2030. Increasing demand for radar detector to avoid speeding tickets, growing popularity of GPS-enabled radar detectors, and increasing number of speed traps are the critical factors attributed to the Asia Pacific radar detectors market expansion.             

Radar detectors improve safety by warning drivers of other vehicles, pedestrians, and cyclists in their blind spots. This can be especially helpful for electric vehicles, which often have larger blind spots due to their sloping rooflines. Also, radar detectors can be used to help electric vehicles reach their destination on a single charge. For example, radar detectors can warn drivers of upcoming hills, so they can adjust their speed accordingly and conserve energy. To improve environment pollution and reduce fuel consumption, the adoption of electronic modes of transportation is increasing. According to the International Energy Agency (IEA), sixteen countries are currently participating in Electric Vehicles Initiative (EVI): Canada, Chile, China, Finland, France, Germany, India, Japan, the Netherlands, New Zealand, Norway, Poland, Portugal, Sweden, the UK, and the US. Thus, the increasing adoption of electric vehicles is expected to create an opportunity for the radar detectors market.

On the contrary, stringent government regulations and legal issues hurdles the growth of Asia Pacific radar detectors market. 

Based on type, the Asia Pacific radar detectors market is bifurcated into corded and remote mounted. The corded segment held 81.9% market share in 2022, amassing US$ 41.07 million. It is projected to garner US$ 60.43 million by 2030 to expand at 4.9% CAGR during 2022–2030.

Based on radar type, the Asia Pacific radar detectors market is bifurcated into dash camera based and without dash cam. The without dash cam segment held 91.3% market share in 2022, amassing US$ 45.81 million. It is projected to garner US$ 69.41 million by 2030 to expand at 5.3% CAGR during 2022–2030.

Based on country, the Asia Pacific radar detectors market has been categorized into China, Japan, South Korea, Australia, and the Rest of Asia Pacific.  Our regional analysis states that China captured 43.5% share of Asia Pacific radar detectors market in 2022. It was assessed at US$ 21.81 million in 2022 and is likely to hit US$ 34.88 million by 2030, exhibiting a CAGR of 6.0% during 2022–2030.            

Key players operating in the Asia Pacific radar detectors market are Uniden America Corporation; Attowave Co., Ltd; Willtronics; and Cedar Electronics Corps, among others.

• In Sep 2021, ESCORT Debuts the MAXcam 360c, the Brand’s First-Ever Complete Driver Alert System with Radar Detection, Dash Camera and Companion App.

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