Radar Speed Gun Market

Radar Speed Gun Market - Size, Share,
Outlook, 2018-2026
A radar speed gun is used to measure speed of a moving object. It is used in
law-enforcement to measure the speed of moving vehicles and is often used in
professional spectator sports, to measure bowling speed in cricket and speed of pitched
baseballs, athletes, and tennis serves.
Growing number of road accidents across the globe is one of the major factors
driving growth of the radar speed gun market
Major factor attributed to growth of the market is increasing number of road accidents
globally. For instance,according to World Health Organization (WHO), an estimated
1.25 million road accidents were reported worldwide in 2013, out of which, around 93%
road traffic deaths were reported in low- and middle-income economies and over 50
million people were injured by road accidents. Radar speed guns are used by traffic
police to track the speed of motorcycles, cars, and trucks moving on the road, to further
help drivers easily control the speed of vehicles, which in turn, helps avoid collisions
and blind spot crashes among vehicles. Increasing adoption of radar speed guns is thus
expected to increase road safety, in turn, reducing the rate of road accidents. These
factors are thus expected to propel growth of the radar speed gun market in the near
future.
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Global Radar Speed Gun Market: Restraints
Major factor restraining growth of the market is the limited range of the radar system.
The radar speed gun can measure speed of vehicles in a specified range, once vehicles
cross this range, the speed gun is unable to send signals to the radar detector installed
in the vehicle, which further limits safety of passenger while driving. This factor thus,
hinders growth of the radar speed gun market
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.
Global Radar Speed Gun Market: Competitive Landscape
Major players operating in the global radar speed market include RCSpeeds, Stalker
Radar, Geolux d.o.o, Escort Ltd, Mangal security products, Decatur Electronics Inc.,
Gvtel Communication System, M R Communications, Shenzhen Lutu Technology Co.,
LTD, rockymountainradar, and Ultra Mind Technologies India Pvt. Ltd.
The major players in the global speed gun market are adopting product development
strategies, which further help increase their product offerings for customers, thus
helping the company retain its competitive position in the market. For instance, in
October 2017, Escort launched the Escort Max 360c Radar Detector, which is
incorporated with Wi-Fi technology. This technology automatically updates the firmware
and RLC/Speedcam database, which in turn improves performance of the vehicle and
does not misguide the driver while driving.
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The research report on Global Radar Speed Gun Market is segmented by Product Type, Application, Region - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

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