
Published On: Jan 2024
Published On: Jan 2024
At 3.9% CAGR, the North America Radar Detectors Market is Projected to be worth US$ 155.26 million by 2030, says Business Market Insights
According to Business Market Insights’ research, the North America radar detectors market was valued at US$ 114.06 million in 2022 and is expected to reach US$ 155.26 million by 2030, registering a CAGR of 3.9% 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 North America radar detectors market expansion.
Radar detectors can alert drivers of the presence of radar-equipped law enforcement vehicles and 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. Radar detectors help improve road safety in several ways. 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. Various organizations are taking steps to reduce the number of road accidents. One of the cause of accidents is instant break out by driver by seeing police car. Thus, with the radar detector risk of tragic accidents can be mitigated as driver gets early alert and will not be worried about speed ticket. Further, 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 number of speed guns installation has increased creating demand radar detectors to avid speeding ticket.
On the contrary, stringent government regulations and legal issues hurdles the growth of North America radar detectors market.
Based on type, the North America radar detectors market is bifurcated into corded and remote mounted. The corded segment held 81.3% market share in 2022, amassing US$ 92.74 million. It is projected to garner US$ 121.93 million by 2030 to expand at 3.5% CAGR during 2022–2030.
Based on radar type, the North America radar detectors market is bifurcated into dash camera based and without dash cam. The without dash cam segment held 91.1% market share in 2022, amassing US$ 103.91 million. It is projected to garner US$ 140.90 million by 2030 to expand at 3.9% CAGR during 2022–2030.
Based on country, the North America radar detectors market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 87.8% share of North America radar detectors market in 2022. It was assessed at US$ 100.13 million in 2022 and is likely to hit US$ 137.65 million by 2030, exhibiting a CAGR of 4.1% during 2022–2030.
Key players operating in the North America radar detectors market are Uniden America Corporation; K40 Electronics, LLC.; Adaptiv Technologies; Valentine Research, Inc.; Radar Solution Inc.; Whistler Group Inc.; Radenso; and Cedar Electronics Corps, among others.
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