Radar Detector Market Size, 2020 Industry Share and Global Demand | 2027 Forecast by Fortune Business Insights™
The global cordless radar detector 2016 market is set to gain impetus from the increasing demand for these devices from law enforcement agencies. Besides, several companies are investing hefty amounts of money to develop novel radar detection technology. This information is given by Fortune Business Insights™ in a new report, titled, “ Radar Detector Market Size, Share & COVID-19 Impact Analysis, By Type (Cordless, Corded, Remote Mount), Wavelength (X-Band, K-Band, Ka-Band, Ku-Band, Others, and Regional Forecast, 2020-2027 .” The report further states that the market size was USD 434.0 Million in 2019 and is projected to reach USD 585.5 Million by 2027, exhibiting a CAGR of 4.40% during the forecast period. COVID-19: Postponement of Contracts Owing to Lockdown will Hinder Growth The emergence of the COVID-19 pandemic has reduced the manufacturing of radar detectors by various original equipment manufacturers (OEMs). The prolonged lockdown measure to limit transm