[Click eStock] "Baekgeum T&A, Benefiting from Radar Detector Market Growth"

ResearchAlum forecasted on the 7th that Baekgeum T&A's performance will improve due to increased demand for radar detectors (RD). The target price was set at 5,800 KRW.

A radar detector is a device that detects signals emitted from police speed guns measuring vehicle speed about 2 km in advance and alerts the driver.

Researcher Choi Seonghwan of ResearchAlum explained, "Demand for RDs is continuously increasing in the US, Europe, Russia, Japan, and other regions," adding, "The RD market size is expected to grow at an average annual rate of 4.2%, from 350 million USD in 2021 to 460 million USD in 2028."

He continued, "The North American region accounts for about 36% of the global RD market, making it the largest market worldwide," and added, "Considering Baekgeum T&A's RD sales, it is estimated to supply about 30% of the total RD volume in the North American market."

Researcher Choi emphasized, "They have established a strategic partnership with the number one distributor in the US and Canada, maintaining stable growth."

He explained, "The recently launched RD integrates GPS," adding, "It connects with smartphones to allow users to check information transmitted from the RD on the smartphone screen and operate the RD via Bluetooth." He further stated, "Additional information such as speed measurement, location confirmation, and vehicle battery status can also be checked through the smartphone," and added, "The consumer price of RDs on Amazon ranges from 149 to 499 USD."

This content was produced with the assistance of AI translation services.