According to the study, the automotive industry is expected to witness a healthy growth backed by the technological advancements. Leading players are expected to launch unique driving techniques to strengthen their footprint. This will have a positive impact on the Radar Detectors market demand. The report covers the ‘Highs and Lows’ of the past decade and gives future projections based on the latest trend in the automotive industry.
Numerous initiatives have been made throughout the years to reduce the number of fatalities on the roadways. Most recent efforts have been focused on creating technologies that can alert and assist drivers in potentially dangerous situations. New apps can now be created to avoid these problems because of recent developments in information technologies. As a result, radar detectors offer a practical means of preventing traffic accidents.
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Radar detectors are electronic tools that car owners use to determine whether their speed is being tracked by the police or the government using a radar gun. In 49 states, radar detectors are permitted in non-commercial automobiles (all except Washington D.C. and Virginia).
COVID-19 Impact on Automotive Industry
With the onset of COVID-19, the automotive companies and market players witnessed a few set-backs. As the COVID-19 crisis continues to unfold, FMI delivers detailed and rapid insights to navigate through the crisis. The report presents in-depth findings obtained through innovative methodology. Information presented in the report, is interspersed with up-to-date statistics. Data available on the Radar Detectors market is intended to aid both short-term and long-term strategic decision making. The report also offers a holistic overview, mapping the factors, opportunities and trends likely to help in the wake of the coronavirus pandemic.
The COVID-19 outbreak had a swift and severe impact on the automotive sector. Affects included disruption in supply chain activities and overall vehicle production. Starting in China, vehicle and vehicle part manufacturers around the world either placed their production lines on quarantine or shut down completely. This led to severe impact on automotive sales, thus hindering the Radar Detectors market.
However, with recovery already registered in certain countries, future prospects are expected to improve for the Radar Detectors market.
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Radar Detectors Market: Competitive Analysis
The report on the Radar Detectors market report offers a detailed analysis of some of the leading players operating in the market. It examines the impact of key strategies adopted by the market players, which include product launches, expansion of distribution channels, leveraging local networks, strategic mergers & acquisitions, and others.
Key players covered in the report include:
- Escorts Inc.
- Cobra Electronics Corporation
- K40 Electronics
- Whistler Radar Detector International
- Rocky Mountain Radar
- BLADE
- Beltronics
- Global radars
- Tecnet Co. Ltd.
- Rizen Corporation
- Shenzhen Camedio Technology Co., Ltd.
- Shenzhen Sunway Industry Co., Ltd.
- Shenzhen Supa Industry Co., Ltd
Radar Detectors Market: Segmentation
To gain a better perspective on the latest trends and opportunities, the information has been classified into key segments and sub-segments.
On the basis of wavelength, the radar detectors can be segmented into two categories:
- X-Band
- K-Band
- Ka-Band
- Ku-Band
- Others
On the basis of product type, the radar detectors can be segmented into following categories
- Cordless
- Corded
- Remote mount
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Critical Questions Answered in the Report
- Which are the top manufacturing companies operating in the Radar Detectors market?
- What will be the future outlook of the Radar Detectors market in the upcoming decade?
- Which are the some of the lucrative markets for Radar Detectors market?
- Which factors will drive the Radar Detectors market growth?
- What are the challenges faced by the prominent players of the global Radar Detectors market?
Significant Contributions of the Report
- Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
- Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
- Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
- Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
- Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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