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Smart Helmet Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 09:40 AM, 14th September, 2017 REP-ID-343 Category: ICT & Electronics

Global Smart Helmet Market Overview

Smart helmets are autonomous and user friendly in nature. The helmet can be connected to internet to perform wide range of functions such as traffic monitoring, GPS guidelines, In-built headphones etc. Smart helmet contains flexible inner layer which becomes hard during an accidental situation along with this the device is designed to provide complete safety measures which includes sending an emergency message to friends and family in critical situations with a single press. Smart helmets are gaining popularity in various sports events as well as by bike riders across the globe. Smart helmets have multiple features such as engine control system, inbuilt cooling fan, inbuilt bluetooth system, accidental alert system, cell phone charging with the solar power use. These features are attracting the consumer’s interest towards the adoption of smart helmet technology, the product is designed to provide security, safety and comfort journey to the rider. Smart helmets for cycling is a basic workout monitor, measuring heart rate and calorie consumption. It connects via bluetooth to smart watches or apps to monitor the statistics.

The emerging trend of using sophisticated smart wearable for personal safety along with the rising concerns of consumers for road safety is expected to create a huge demand of smart helmets in the upcoming 5-6 years.

Market Size & Forecast

Global smart helmet market is anticipated to expand with a healthy compound annual growth rate over the forecast period owing to the growing personal safety concerns among the users. North America is anticipated to hold the largest consumer base for smart helmets followed by Europe owing to the strict government regulations for road side safety in the region. U.S is expected to be the dominant market for smart helmets in the North American region.

smart helmet market

Asia Pacific is expected to be fastest growing region in smart helmet market owing to the large scale production of motorcycles along with the rising personal disposable income of consumers which will increase the affordability to buy such helmets in the region.

Market Segmentation

By Product

  • Full Helmet
  • Half Helmet
  • Smart Hard Hat (for construction workers)

By Accessories

  • Motorcycle Bluetooth communication system
  • Motorcycle Bluetooth HD cameras

By End User

Cycling

Motorcycling

Construction Sector

Industrial Sector

By Region

Global Smart Helmet Market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East and Africa Market size, Y-O-Y growth & Opportunity Analysis)

Growth Drivers and Challenges

Increasing safety and security concerns along with the technological advancements in smart devices is strengthening the demand for smart helmets across the globe. It has been notified that motorcycles are considered as an economical convenience of mobility and head injury is the primary cause of death in motorcyclists. Increasing production of motorcycles coupled with the rising figures of accidental death by head injuries will further propel the demand for advanced safety devices across the globe.

Adoption of smart helmet technology in construction industry is positively driving the global smart helmet market. The helmets are featured with 3600 wireless camera, allowing a full view of worker surrounding. Key market players such as DAQRI are focused on designing construction wearable featured with geo-fencing and collision detection systems; this will boost the demand for smart helmets in construction industry over the forecast period.

Introduction of lighter weight smart helmets which are manufactured by advanced material combination of carbon fiber and fiberglass reinforced plastic and integration of electronics in helmets are major technological factors which are anticipated to propel the market growth over the forecast period i.e. 2017-2024.

High cost associated with the product, lack of awareness regarding smart helmets in developing countries is major factors that may hinder the growth of smart helmet market over the next few years.

Key Players

  • Nand Logic Corp.
  • Forcite Helmet System Pvt. Ltd.
  • LifeBEAM Technologies Ltd.
  • 360fly Inc.
  • FUSAR Technologies Inc.
  • DAQRI LLC
  • Sena Technologies Inc.
  • JARVISH Inc.
  • Jager HelmX Smart Helmets
  • BABAALI

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

  • By Product Market Size & Y-O-Y Growth Analysis
  • By Accessories Market Size & Y-O-Y Growth Analysis
  • By End User Market Size & Y-O-Y Growth Analysis

By Regions

Global Smart Helmet Market has been studied on countries and regions like:

  • North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size & Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia) Market Size & Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis
  • Rest of World  Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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