Smart Helmet Market

Smart Helmet Market

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Raksha

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Raksha Sharma

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Shruti Bhat

The global smart helmet market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the increased demand among bicyclist and motorcyclist for enhanced safety and security.

Global Smart Helmet Market Key Takeaway

Smart helmet is a type of protective headgear used by a worker on a construction site or used by a rider for safer bike driving. The key purpose of the helmet is to deliver safety, security, and comfort to the rider. Smart helmets have multiple features including location tracking, alcohol detection, and accident identification, cell phone charging with the solar power use, engine control system, and inbuilt Bluetooth system. Smart helmet contains flexible inner layer which becomes hard during an accidental situation. The helmet can be connected to internet for wide range of applications, such as in-built headphones, traffic monitoring, and GPS guidelines.

The COVID-19 pandemic outbreak had brought a negative impact on the market. During pandemic, manufacturing of smart helmet halted and supply chain disrupted. Due to lockdown and social distancing norms imposed by government bodies the number of bicyclist, motorcyclist as well as workers at construction sites significantly reduced, all these factors affected the demand of smart helmet. The market is expected to recover by the end of 2021 as lockdown is lifted and manufacturing plants are resuming their operations.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising government regulations regarding road safety across the globe is one of the key factor driving the market growth.
  • Increasing adoption of advanced wearable technology is projected to drive the market expansion during the forecast period.
  • Growing concerns regarding vision distraction coupled with lack of awareness about smart helmet acts as a major challenge that can restrict the market growth in the coming years.
  • Escalating cost of helmets and high investments in product research and development can hamper the market growth during the projected timeline.
  • Raising awareness about benefits of smart helmets through social media platforms is projected to create significant growth opportunities for the market.

Scope of the Report

The report on the global smart helmet market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report

Attributes

Details

Report Title

Smart Helmet Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

End-users (Construction, Consumer, Manufacturing, and Others), Types (Hard Hat, Full Face, and Half Face), and Components (Camera, Communication, Navigation, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Lifebeam Technologies Ltd.; Fusar Technologies Inc.; Daqri LLC; Sena Technologies Inc.; Jager HelmX Smart Helmets; Nand Logic Corp.; Forcite Helmet System Pvt. Ltd.; 360fly Inc.; Jarvish Inc.; and
Babaali. Co

Market Segment Insights

Growing safety concerns increases the consumer segment market share

On the basis of end-users, the global smart helmet market is divided into construction, consumer, manufacturing, and others. The consumer segment is estimated to account for a significant market share during the forecast period attributed to rising sales of two-wheelers along with growing safety concerns. Additionally, smart helmets are integrated with Bluetooth and location tracking that provides enhanced safety to consumer, which presents a major factor driving the segment. However, the manufacturing segment is anticipated to grow at a high CAGR during the projected period attributed to rising awareness about personal safety among workers and analysis of health vitals of users by helmet.

Full face segment is estimated to expand at robust growth rate

Based on types, the market is fragmented into hard hat, full face, and half face. The full face segment is estimated to expand at robust growth rate during the forecast period owing to increasing adoption and penetration of smart helmets by bike riders. Furthermore, increasing use of the full face smart helmet in adventure sports is projected to accelerate the segment growth further. On the other hand, the hard hat segment is projected to expand a considerable CAGR during the forecast period attributed to the increasing demand of hard hat from construction industries, industrial manufacturing, and mining for identification of harmful gas and location tracking.

Global Smart Helmet Market Type

Head-Up Display drive the camera segment

Based on components, the market is segregated into camera, communication, navigation, and others. The camera segment is expected to grow at a rapid pace during the forecast period attributed to camera enable riders to keep track of their blind spots, companies are integrating wide-angle high definition cameras on the rear of the unit to provide a live rear-view vision of the road on a small thumb-sized eyepiece recognized as Head-Up Display (HUD). However, the communication segment is anticipated to expand at a substantial CAGR in the coming years due to use of Bluetooth technology integrated in helmet for hands free communication in a single press while riding.

North America is anticipated to constitute a key market share

In terms of region, the global smart helmet market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to awareness about personal safety, stringent regulations by government bodies for road safety in the region, and rise in disposable income. However, the Asia Pacific market is anticipated to grow at a rapid pace during the forecast period due to the increasing sales of two-wheelers, rapid urbanization in emerging economies, and the rising manufacturing sector in the region.

Segments

The global smart helmet market has been segmented on the basis of

End-users

  • Construction
  • Consumer
  • Manufacturing
  • Others

Types

  • Hard Hat
  • Full Face
  • Half Face

Components

  • Camera
  • Communication
  • Navigation
  • Others
  • Gateway
  • Controller

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Lifebeam Technologies Ltd.
  • Fusar Technologies Inc.
  • Daqri LLC
  • Sena Technologies Inc.
  • Jager HelmX Smart Helmets
  • Nand Logic Corp.
  • Forcite Helmet System Pvt. Ltd.
  • 360fly Inc.
  • Jarvish Inc.
  • Babaali. Co

Competitive Landscape

Key players competing in the global smart helmet market are Lifebeam Technologies Ltd.; Fusar Technologies Inc.; Daqri LLC; Sena Technologies Inc.; Jager HelmX Smart Helmets; Nand Logic Corp.; Forcite Helmet System Pvt. Ltd.; 360fly Inc.; Jarvish Inc.; and Babaali. Co

Companies are focusing on investment in R&D for the development of smart helmets integrated with internet of things, sensor integration, sensor display, and augmented reality for the market. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers. For instance, in January 2019 LLIVALL Tech Co., Ltd a China based manufacturer of smart helmet announced a launch of BH51M Neo helmet. This helmet was integrated with features such as voice recognition system, smart lighting, fall detection, and hands free operation.

In June 2020, Sena Technologies Inc. the U.S. based consumer electronics company launched a helmet named Outrush. The helmet is equipped with Bluetooth, 2-way intercom, 3-hour charge time, modular design, and smartphone connectivity, along with other features.

Global Smart Helmet Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Helmet Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Helmet Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Helmet Market - Supply Chain
  4.5. Global Smart Helmet Market Forecast
     4.5.1. Smart Helmet Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Helmet Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Helmet Market Absolute $ Opportunity
5. Global Smart Helmet Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Smart Helmet Market Size and Volume Forecast by Types
     5.3.1. Hard Hat
     5.3.2. Full Face
     5.3.3. Half Face
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Smart Helmet Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Smart Helmet Market Size and Volume Forecast by End Users
     6.3.1. Construction
     6.3.2. Consumer
     6.3.3. Manufacturing
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Smart Helmet Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Smart Helmet Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Smart Helmet Demand Share Forecast, 2019-2026
8. North America Smart Helmet Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Smart Helmet Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Smart Helmet Market Size and Volume Forecast by Types
     8.4.1. Hard Hat
     8.4.2. Full Face
     8.4.3. Half Face
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Smart Helmet Market Size and Volume Forecast by End Users
     8.7.1. Construction
     8.7.2. Consumer
     8.7.3. Manufacturing
     8.7.4. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Smart Helmet Demand Share Forecast, 2019-2026
9. Latin America Smart Helmet Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Smart Helmet Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Smart Helmet Market Size and Volume Forecast by Types
     9.4.1. Hard Hat
     9.4.2. Full Face
     9.4.3. Half Face
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Smart Helmet Market Size and Volume Forecast by End Users
     9.7.1. Construction
     9.7.2. Consumer
     9.7.3. Manufacturing
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Smart Helmet Demand Share Forecast, 2019-2026
10. Europe Smart Helmet Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Smart Helmet Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Smart Helmet Market Size and Volume Forecast by Types
     10.4.1. Hard Hat
     10.4.2. Full Face
     10.4.3. Half Face
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Smart Helmet Market Size and Volume Forecast by End Users
     10.7.1. Construction
     10.7.2. Consumer
     10.7.3. Manufacturing
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Smart Helmet Demand Share Forecast, 2019-2026
11. Asia Pacific Smart Helmet Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Smart Helmet Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Smart Helmet Market Size and Volume Forecast by Types
     11.4.1. Hard Hat
     11.4.2. Full Face
     11.4.3. Half Face
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Smart Helmet Market Size and Volume Forecast by End Users
     11.7.1. Construction
     11.7.2. Consumer
     11.7.3. Manufacturing
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Smart Helmet Demand Share Forecast, 2019-2026
12. Middle East & Africa Smart Helmet Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Smart Helmet Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Smart Helmet Market Size and Volume Forecast by Types
     12.4.1. Hard Hat
     12.4.2. Full Face
     12.4.3. Half Face
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Smart Helmet Market Size and Volume Forecast by End Users
     12.7.1. Construction
     12.7.2. Consumer
     12.7.3. Manufacturing
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Smart Helmet Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Smart Helmet Market: Market Share Analysis
  13.2. Smart Helmet Distributors and Customers
  13.3. Smart Helmet Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Lifebeam Technologies Ltd.
     13.4.2. Fusar Technologies Inc.
     13.4.3. Daqri LLC
     13.4.4. Sena Technologies Inc.
     13.4.5. Jager HelmX Smart Helmets
     13.4.6. Nand Logic Corp.
     13.4.7. Forcite Helmet System Pvt. Ltd.

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