Global Radar Detector Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Radar Detector Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A radar detector is an electronic device used by motorists to detect if their speed is being monitored by police or law enforcement using a radar gun.

Market Overview:

The latest research study on the global Radar Detector market finds that the global Radar Detector market reached a value of USD 388.35 million in 2022. It’s expected that the market will achieve USD 341.6 million by 2028, exhibiting a CAGR of -2.12% during the forecast period.

For the operation of the market, during the COVID-19 epidemic, in order to firmly prevent the spread of epidemics, governments have promulgated measures to extend vacations, delay business recovery, flow control and traffic control measures, and postpone recovery activities. COVID-19 has a huge impact on the operation of the industry, of which the impact on SMEs is more obvious. The company's inability to conduct normal operations and sales has exacerbated the shortage of funds for SMEs and reduced the company's solvency.

In addition to the impact on upstream raw material supply and industry operations, the impact of the epidemic on the Radar Detector market is mainly reflected in downstream demand. For example, American Honda announced on March 18 that it will stop North American production from March 23 to March 31. The decision applies to car manufacturing and assembly, as well as Honda's engine and transmission plants in the region. Following Ford's changes on March 19, production at the company's manufacturing plants in the North America, Canada, and Mexico will cease. And McLaren Company discontinued due to the Covid-19 crisis. As factories need to protect workers and help curb the spread of the COVID-19 virus, the disruption to production supply chains is expected to worsen as factories close elsewhere. In addition, auto sales have been affected as people restrict their actions. The expected lower demand may cause some auto manufacturers to need to adjust production throughout the year. Therefore, with the adjustment of the vehicle production plan, the demand for Radar Detector related products will also be affected.

Rising Demand

Due to the low 4G penetration rate in some areas (especially in developing countries) and there are many mobile radar speedometers, they cannot the map APP to prompt the driver of the presence of radar, so detecting radar still relies on radar detectors. The regional government continues to increase investment to strengthen the security infrastructure leads to increase demand for radar detectors to a certain extent. It is foreseeable that the positive GDP data and the government's measures to improve vehicle safety will promote the radar detector market to a certain extent.

Legal restrictions

Radar detectors are illegal in some countries and regions. Radar detectors are illegal in India, Greece, Ireland, Italy, France and other countries, and it is illegal in parts of Canada, the United States, and Australia.

For instance, in Florida, it is illegal to have a radar or laser signals in vehicle. Any interference with police radar and laser signals id forbidden under Florida law and subject to serious penalties. Under federal laws, all commercial vehicles over more than 10,000 pounds are prohibited from using radar detectors while in operations. In addition, many states have their own laws prohibiting commercial vehicles from using these detectors, including New York, Illinois and New Jersey. Therefore, professional drivers generally avoid using radar detectors altogether to avoid license suspensions and ticketing.

Fierce Competition

This industry is facing a fierce competition. Increases in players within the industry will pose a threat to existing market share.

Region Overview:

In 2022, the share of the Radar Detector market in North America stood at 49.89%.

Company Overview:

Cobra Electronics is one of the major players operating in the Radar Detector market, holding a share of 14.71% in 2023.

Cobra Electronics

Cobra Electronics is a leading global designer and marketer of communication and navigation products, with a track record of delivering innovative and award-winning products. Building upon its leadership position in the GMRS/FRS two-way radio, radar detector and Citizens Band radio industries, Cobra identified new growth opportunities and has aggressively expanded into the marine market and has expanded its European operations.

Beltronics

Beltronics is a leading manufacturer of the VECTOR, PROFESSIONAL, and EXPRESS radar and laser detectors. Established in 1967, Beltronics Radar has a long history of leading technology in radar and laser detection. Company headquarters are located in the Cincinnati, OH area, and the full line of radar, laser and safety detectors are designed, manufactured, and marketed in North America.

Segmentation Overview:

By type, Full-frequency Radar Detector segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Automotive Owners segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Radar Detector market covered in Chapter 3:

Radenso
Whistler Radar Detector International
Escort Products
Cobra Electronics
Uniden
Beltronics
Snooper
K40
Wanma Soaring Electronic Technology
Quintezz
Rocky Mountain
Shenzhen Lutu Technology
Valentine one

In Chapter 4 and Chapter 14.2, on the basis of types, the Radar Detector market from 2018 to 2029 is primarily split into:

Full-frequency Radar Detector
GPS Radar Detector
Ordinary Radar Detector
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Radar Detector market from 2018 to 2029 covers:

Automotive Owners
Transportation Departments
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)