Radar Detector Market Size, Share, Research [2021-2028] | Industry Revenue USD 463.7 Million Expected by 2028 at a CAGR of 4.18% in the Forecast Period, Report by Fortune Business Insights™


Pune, India, Sept. 06, 2021 (GLOBE NEWSWIRE) — The global radar detector market size is expected to gain momentum by reaching USD 463.7 million by 2028 while exhibiting a CAGR of 4.18% between 2021 to 2028. In its report titled, Radar Detector Market Size, Share & COVID-19 Impact Analysis, By Type (Corded, Cordless, Remote Mount), Wavelength (X-Band, Ka-Band, K-Band, Ku-Band, Others, and Regional Forecast, 2021-2028,” Fortune Business Insights mentions that the market stood at USD 343.1 million in 2020.

A radar detector is used to detect radar waves, which is used to measure a vehicle's speed. The device is equipped with a computer and has more than one radio frequency receiver. The receivers help in catching specific frequencies to identify and detect speeding cars used by police.

COVID-19 Impact

The COVID-19 pandemic crippled the global economy, and this market was also negatively affected. As the spread of coronavirus reduced the production of detector devices from OEMs. Moreover, the demand from law enforcement agencies, production halt, and disrupted supply chain hampered the demand.

At Fortune Business Insights, we are analyzing the market thoroughly to provide a comprehensive research report that will help you make effective decisions and cope up with the crisis.

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What does the Report Provide?

The report provides a detailed analysis of several factors, such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to contribute to the market growth.

Driving Factor

Increasing Need to Avoid Road Accidents and Enhance Safety Will Propel Growth

In recent times, road accidents have become prevalent due to the increasing demand for high-speed vehicles. Thus, the police and law enforcement agencies use these radar sensors to limit a vehicle's speed. Additionally, the vehicle owners also use these …

Full story available on Benzinga.com


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