Press release
Radar Speed Gun Market Top Companies to Watch Out:RCSpeeds, Stalker Radar, Geolux d.o.o, Escort Ltd, Mangal security products, Decatur Electronics Inc., Gvtel Communication System
Radar-Speed-Gun
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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.
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.
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.
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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.
Global Radar Speed Gun Market: Taxonomy
By Product Type
• Handheld
• Fix Mounted
• Remote Mounted
By Applications
• Automotive
• Sports
• Transportation
• Government
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East
• Africa
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