22-Oct-2019: The global smart helmet market
size is expected to reach USD 1.20 billion by 2025, expanding at a CAGR of
18.6% from 2019 to 2025, according to a new study by Grand View Research, Inc.
Rising popularity of the product in various applications such as riding,
adventure sports, manufacturing, and construction is projected to drive the
growth.
These protective
headgears provide users with enhanced safety, security, and comfort. The
growing adoption of smart wearable technology, stringent workplace safety and road
safety regulations laid down by governments, and increasing awareness for
personal health and safety are expected to drive the demand for smart helmets
over the forecast period.
Smart helmets
consist of multiple sensors that perform functions such as heart rate
monitoring, temperature monitoring, and air quality monitoring. The sensors
collect data in real time to provide users with detailed information regarding
various interactions, navigation, and environmental and health attributes.
Satellite aided
navigation is one of the most vital features offered by smart helmets. It
enables highly accurate navigation capability by using multiple satellite
networks such as Global Navigation Satellite System (GLONASS), Global
Positioning System (GPS), Galileo Positioning System, BeiDou Navigation
Satellite System, and Indian Regional Navigation Satellite System (IRNSS).
Smart helmets are
further capable of providing a wide range of other communication, utility, and
safety features using built-in speakers, microphones, rear-facing cameras,
cooling fans, solar chargers, and health monitoring sensors. Manufacturers are
using materials that are light in weight and high in strength, such as
fiberglass reinforced plastic and carbon fiber, for weight reduction and enhanced
survivability.
Increasing adoption
of next-generation technologies such as Augmented Reality (AR), Virtual Reality
(VR), and Artificial Intelligence (AI) is anticipated to drive the development
and adoption of smart helmets. Factors such as emerging road safety
regulations, development of wireless communication infrastructure, large-scale
production of motorcycles, and increasing disposable income are expected to
drive the growth of smart helmets industry in emerging countries such as India,
Brazil, and China.
In
depth research report on Smart Helmet Market
Further key findings from the study suggest:
·
Navigation segment is expected to emerge as the
fastest-growing segment over the forecast period owing to the increasing
adoption of smart helmets by bike riders for in-country and cross-country
navigation
·
Full face segment is expected to expand at the highest CAGR
of 18.8% over the forecast period. Increased adoption of full face smart
helmets by motorcycle and cycle commuters due to superior safety features is
expected to drive the growth
·
Asia Pacific is anticipated to emerge as the fastest-growing
regional market over the forecast period owing to the increasing sales of
two-wheelers and rapidly growing industrial and construction projects
·
Consumer end use segment is expected to gain traction over
the forecast period owing to increasing adoption of smart helmets in developed
regions such as North America and Europe. Due to increased road traffic,
2-wheelers are now being favored as the preferred mode of commute, which is
expected to act as a major growth driver
·
Key players operating in the smart helmets market include
Nand Logic Corp.; Lifebeam Technologies Ltd.; Forcite Helmet System Pvt. Ltd.;
Fusar Technologies Inc.; 360fly Inc.; Daqri LLC; Jarvish Inc.; Sena
Technologies Inc.; Babaali; and Jager HelmX Smart Helmets
Grand View Research
has segmented the global smart helmets market based on type, component, end
use, and region:
Smart Helmet Type Outlook (Revenue, USD Million, 2017 - 2025)
·
Full Face
·
Half Face
·
Hard Hat
Smart Helmet Component Outlook (Revenue, USD Million, 2017 -
2025)
·
Communication
·
Navigation
·
Camera
·
Others
Smart Helmet End Use Outlook (Revenue, USD Million, 2017 -
2025)
·
Consumer
·
Manufacturing
·
Construction
·
Others
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more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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