Global Measuring Speed Radar
Market Report
2024
The Global Measuring Speed Radar market was valued at USD 9,581.3 million in 2022 and is projected to reach USD 13,314.4 million by 2030, registering a CAGR of ~4.14% for the forecast period 2023- 2030
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Measuring Speed Radar market was valued at USD 9,581.3 million in 2022 and is projected to reach USD 13,314.4 million by 2030, registering a CAGR of ~4.14% for the forecast period 2023- 2030
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Measuring Speed Radar Market Sales Revenue 2022 | $ 9581.3 Million |
Global Measuring Speed Radar Market Sales Revenue 2030 | $ 13314.4 Million |
Global Measuring Speed Radar Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.14% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Measuring Speed Radar Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Speed measuring radar is a device used for detection of objects, based on the principle of electromagnetic waves. The speed measuring radar is used for fitness testing, to measure the speed of runner. It is also used in air and ground traffic control.
Increasing number of road accidents, drives the demand for speed measuring radar market
The speed measuring radar market is driven due to rising number of road accidents across the globe. The speed measuring radar is used for measurement and detection of vehicles. The radar measuring device detects the movement of driver, to prevent road accident and ensure proper traffic control. The system detects unauthorized U turn of a vehicles, wrong driving of a vehicle, which results in punishment to driver, who is violating the traffic rules. The rising number of road accidents, led to innovation and development of the radar speed measuring devices. According to the data published by the WHO, in 2022, around 1.3 million people die each year due road accidents. The increase in number of deaths due to road accidents boosts the demand for radar speed measuring device. InnoSenT in November, 2022, launched new ITR-3800 radar technology for intersection management and traffic monitoring. The adoption of radar technology enhances its performance and ready for use in complex traffic situation such as large intersection with high traffic volumes, The ITR-3800 detects wrong way drivers, broken down vehicles, and other, which prevents road accidents and helps in traffic controls.
The climatic condition results in difficulties in the functioning of speed radar measuring devices. A speed measuring radar device used for detection of speed of vehicles and display digital data on a display board. There are certain factors which affects the accuracy of radar detection. The weather or climatic condition such as rain, snow, and fog can affect the visibility of radar signal, which results in faulty or incorrect readings. The wind results in radar unit vibration, which affects the functioning of radar device. These climatic condition impacts the accuracy and functioning of this device, which inhibits the growth of radar speed measuring device market.
The unprecedented cases of COVID-19, impacted on the production of several industries, due to temporary closure of the production facility, and social distancing norms, impacted the business operation of several industries. Moreover, the speed measuring radar were in high demand in pandemic, owing to its uses in medical industry. The government in the UK was engaged in partnership with the WHO, to launch a global pandemic radar for identifying emerging COVID-19 variants and track new diseases across the globe. The COVID-19 patients require intensive supervision of medical practitioners during the isolation period. A non-contact monitoring device is a suitable solution for reducing the spread of COVID-19 virus. Frequency-Modulated Continuous Wave (FMCW) radar was used during the pandemic for detection of breathing disorder in multiple COVID-19 patients. Thus, the rising demand for speed measuring radar in the pandemic, positively impacted the growth of speed measuring radar market during the pandemic.
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Hangzhou Hikvision Digital Technology Co., Ltd. launched Speed Measurement Solution
Hangzhou Hikvision Digital Technology Co., Ltd. has launched speed measurement device which increases the safety of roads, and offers an effective deterrent for speeding. The speed measurement solution includes radar sensor, traffic management server and other. These product uses AI powered deep learning algorithms such as ANPR, vehicle attribute analysis, radar video fusion technology, and advanced imaging technology. The adoption of technology resulted in expansion of speed measurement portfolio, retains a robust customer base in the market
GENEVO s.r.o launched Genevo Pro11, a built-in radar detector
GENEVO s.r.o launched Genevo Pro11, an advanced built-in solution with detachable OLED display and integrated radar antenna. The PRO11 is equipped with an external GPS antenna. The Genevo Pro11 provides long-range detection of police radar
(Source:www.genevo.com/en/genevo-pro-ii-installation-photos/)
Top Companies Market Share in Measuring Speed Radar Industry: (In no particular order of Rank)
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The North America accounts for a major share XX% of the market, due to rising demand for intelligent traffic control system due to rise in road accidents. The National Highway Traffic Safety Administration in 2022, reported ~42,795 deaths due to motor vehicle traffic crashes. The rising accidents on road, results in high investment of traffic control and monitoring system in the USA. The presence of manufacturer in this region focuses on the development of intelligent traffic control system. For instance, the Ortana invested on designing of its intelligent traffic management systems, which expanded its product portfolio in the market. The increase in investment for traffic control system and presence of manufacturer, boosts the growth of speed measuring radar in this region.
The current report Scope analyzes Measuring Speed Radar Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Measuring Speed Radar Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Measuring Speed Radar Industry growth. Measuring Speed Radar market has been segmented with the help of its Type, Application , and others. Measuring Speed Radar market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Measuring Speed Radar market.
Type of Measuring Speed Radar analyzed in this report are as follows:
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In 2022, the Traffic Control segment accounted for the largest market share
The traffic control segment accounts for a significant share XX% of the market, due to rising demand for speed radar in air and ground traffic control. The rising number of accidental deaths caused due to wrong driving and lack of monitoring of traffic. The government focuses on the introduction of new radar system to prevent accidents and ensure proper monitoring of radar. The government in UAE has introduced new radars for control of road traffics, and prevent road accidents. The Abu Dhabi Police force has introduced a road alert system, a radar liked devices installed at highways, which alerts drivers of traffic accidents or weather conditions. The Al Quwain Police introduced solar-powered automatic radar, which monitor and catch vehicle driver, who do not stop at pedestrian crossing. (Source: June, 2023)
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Research Associate at Cognitive Market Research
Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.
Anjali is a results-driven research analyst with a passion for transforming complex information into strategic insights. Grounded in a solid expertise in research and analysis in aerospace and defence category. She thrive on the challenges of data exploration and analysis.Her goal is to provide organizations with the actionable intelligence they need to navigate an ever-evolving business landscape and succeed in their business goals.
In her current role, Anjali manages research for aerospace and defence category, leading pivotal research initiatives, delving into market trends, consumer behavior, and competitive landscapes. She possess a proven ability to decipher intricate datasets, employing statistical models and visualization tools to deliver strategic insights. Collaborating seamlessly with cross-functional teams.She played a key role in shaping successful business strategies grounded in robust research.She dedicated to staying at the forefront of research methodologies and industry advancements. Anjali remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Measuring Speed Radar Market is witnessing significant growth in the near future.
In 2023, the Fixed-angle speed measuring radar segment accounted for noticeable share of global Measuring Speed Radar Market and is projected to experience significant growth in the near future.
The Traffic Control segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Hikvision Digital Technology Co ltd. , s.m.s and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Fixed-angle speed measuring radar, Portable speed measuring radar, Others |
Application | Traffic Control, Remote Sensing Control, Space Navigation Control, Sports & Fitness, Others |
List of Competitors | Hikvision Digital Technology Co ltd., FURUNO ELECTRIC CO. LTD., s.m.s, smart microwave sensors GmbH, Redflex Holdings, Dahua Technology USA Inc., Applied Concepts Inc, Genevo s.r.o., Houston Radar, Pocket Radar Inc, Westminster Group Plc |
This chapter will help you gain GLOBAL Market Analysis of Measuring Speed Radar. Further deep in this chapter, you will be able to review Global Measuring Speed Radar Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Measuring Speed Radar market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Fixed-angle speed measuring radar have a significant impact on Measuring Speed Radar market? |
What are the key factors affecting the Fixed-angle speed measuring radar and Portable speed measuring radar of Measuring Speed Radar Market? |
What is the CAGR/Growth Rate of Traffic Control during the forecast period? |
By type, which segment accounted for largest share of the global Measuring Speed Radar Market? |
Which region is expected to dominate the global Measuring Speed Radar Market within the forecast period? |
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