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.
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.
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 |
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.
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.
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.
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.
The global smart helmet market has been segmented on the basis of
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.
Some other reports from this category!