GLOBAL RADAR SPEED GUN MARKET ANALYSIS

Regional Analysis

Global Radar Speed Gun Market: Regional Insights

On the basis of region, the global radar market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America hold a dominant position in the market and is expected to retain its dominance over the forecast period (2018 – 2026). Rampant advancements in technology related to radar speed gun is one of the major factors driving growth of the market in the region. For instance, in February 2018, the ESCORT introduced the two new radars—iX Ci radar and MAX Ci radar—that include intelligent range front radar receiver and the patented In-Vehicle Technology TM (IVT) Filter, which help eliminate false alarms from vehicle collision systems. ESCORT MAX Ci 360 includes both, front and rear radar receivers as well as front and rear laser shifters for complete 360 degrees for driver alert awareness with directional threat warning. Advancements in technology is thus, expected to enhance security and safety on the road, which in turn, is expected to propel growth of the radar speed gun market.

Asia Pacific held the fastest-growing market for radar speed gun in 2017 due to the increasing number of road accidents in the region. For instance, according to the Global Status Report on Road Safety 2015, India recorded the highest number of deaths (140,000 deaths) among all countries. Additionally, according to the Ministry of Road Transport and Highways, 150,785 people were killed and another 494,624 were injured in 480,652 road crashes in India, in 2016. Thus, traffic police implement and monitor speed limits of vehicles on roads. However, inadequacy in number of traffic personnel and adverse weather condition increase the demand for radar detector systems, which inadvertently help in controlling the speed limit of vehicles. Radar speed guns track the speed of vehicles moving on the road, which further sending an alert to the driver to control the speed of the vehicle. Moreover, increasing government initiatives to improve vehicle safety and security is also expected to propel growth of the radar speed gun market. For instance, in March 2016, the Indian government sanctioned the US$ 4.4 billion for the installation of radar detector systems in the in accident-prone areas in Hyderabad. This is expected to help decrease the number of deaths caused by road accidents. These factors in turn, are propelling growth of the radar speed gun market in the region.