Radar Speed Gun Market Witness Enhanced Growth Owing to Growing Number of Road Accidents Across the Globe | RCSpeeds, Stalker Radar, Geolux d.o.o, Escort Ltd, Mangal security products, Decatur Electronics, Gvtel Communication System, M R Communications, S

Radar Speed Gun Market report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the Global market. The Radar Speed Gun Market report provides an in-depth overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost and Gross Margin. 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.

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Whats driving the 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.

Which are the Top Important players shaping the Market?

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.

What are the challenges keyplayers facing & How what strategies are they applying to overcome them?

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

Which region is dminating? Know detail Regional Insights of the market

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.

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.

Which Sectors are boosting the Radar Speed Gun Market?
Automotive, Sports, Transportation, Government and Others

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This release was published on openPR.