Consumer Goods & Retail

Global Smart Helmet Market

February 1, 2020
ID: SR/CG-11
Format:Pdf
Pages:220

Global Smart Helmet Market By Product type (Full face, and Half face), By Application (Automation, Industrial, Construction and Others), By Component (Communication, Navigation, Camera) and By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

Description

Global Smart Helmet Market Overview

The global smart helmet market was valued at USD 701.49 million, and it is expected to reach USD1,050 million with a CAGR of 6.87 % during the forecast period of 2022-2028.

A smart helmet is a new type of equipment combined with high- tech functionalities to upgrade an ordinary helmet to intelligent functions. Smart helmets and visual command systems are now widely used in emergency rescue industries such as firefighting purposes, sporting events as well as for military purposes.

The smart helmets are embedded with sensors and additional mounted devices that collect data and information which assist the users. Action cameras and GPS navigation systems are other features that protect users from any head injury. Smart helmets are helpful in situational awareness and improve efficiency by offering primary information to users.

Global Smart Helmet Market: Insights

Global Smart Helmet Market estimated to grow with a momentous rate over the forecast period, 2020-2027. The rising need for security, safety, and comfortable journey are responsible for the mounting demand for smart helmets. Additionally, the smart helmets designed to provide complete safety measures that contain a flexible inner layer, which becomes hard during an unexpected situation, and it sends alert messages to friends and family in critical situations with a single press. Moreover, the production of various hi-tech two-wheelers and the rising number of fatal accidents are spurring the market for smart helmets globally.

The rising concerns of consumers regarding road safety likely to create a huge demand for smart helmets in the forecast period. Along with personal safety, other factors that derive the demand of the smart helmet are in-built GPS, Bluetooth connections, and cameras installed in the smart helmet that helps in assisting users and provide a safer and comfortable journey. Bluetooth can be connected to smartphones via apps to monitor the statistic. Further, smart helmets have a geo-fencing and collision detector system. These factors will boost the demand for the smart helmet in the future market.

Growth Driver

Personal safety and comfortable journey

In modern times, technology has enhanced the various aspect of life and made it more comfortable and secure. Similarly, the smart helmet provides the combination of a smart and safe journey to its users by assisting them with various facilities that make the journey easier of any cyclists, motorcyclists, industrial labor, and people working on construction sites. The smart helmets help in avoiding fatal accidents on roads or any construction sites as it has an inner layer in it that gets hard at the time of the accident and saves the users from severe accidents.

Hi-tech technology

The high-tech technology in smart helmets provide a 360-degree view to the users and helps in detecting the traffic on the road, in-built headphones, Bluetooth and GPS guidelines make it convenient for the users to make their work on sites or journey smooth and safer.

Product type Segmental Analysis

Based on the product, the global smart helmets bifurcated into the full-face smart helmet and half face smart helmets. Full face smart helmets segment estimated to dominate the market. Full face smart helmets designed explicitly for the cyclists, motorcyclists, to provide a better and safer experience.

The half-face smart helmets designed for the construction workers. These smart helmets are lightly weighted manufactured by advanced carbon fiber and fiberglass reinforced plastic material integrated with technology and electronics, which helps in providing safety from any serious head injury.

Component Segmental Analysis

Based on components, the global smart helmets segmented into communication, navigation, and cameras. Cameras have the highest demand among components, owing to smart helmets that have a 360-degree feature camera that covers the full site and workers working around the construction site.

Smart helmets provide a communicating device to the user with their family and friend by pressing a single button. In contrast, GPS facility enables the user to identify the right direction, traffic on roads, and sensors for geofencing.

Application Segmental Analysis

Based on the application, the global smart helmet market categorized into Automation, industrial, and construction. Automation has captured significant market share in 2019, due to its advanced technology like microcontroller board in smart helmet helps in calling the ambulance. Additionally, vibration sensors placed in different places of the helmet that connected to the microcontroller board used to give the signal to the microcontroller board, in case of an accident happen.

Region Segmental Analysis

Based on geography, the global smart helmet market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America region expected to witness higher growth in the forecast period due to the rising high-security concerns and measures taken by the government.

The Asia Pacific market will grow based on countries such as China and Japan, as they are planning to implement a lightweight smart helmet that will capture the significant share in the market.

Competitor Analysis

Companies such as Nand Logic Corp., LifeBEAM Technologies Ltd., 360fly Inc., FUSAR Technologies Inc., Forcite Helmet System Pvt. Ltd., DAQRI LLC, Sena Technologies Inc., JARVISH Inc., Jager HelmX Smart Helmets, BABAALI and other prominent players in the global smart helmet market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global smart helmet manufacturing firms and providing companies
Research organizations and consulting companies
Organizations, associations, and alliances related to global smart helmet market.
Regulatory bodies
Distributors
Suppliers

Scope of the Report

Report Attribute	Details
Market size value in 2021	USD 701.49 million
The revenue forecast in 2028	USD 1,050 million
Growth Rate	CAGR of 6.87 % from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The companies Nand Logic Corp., LifeBEAM Technologies Ltd., 360fly Inc., FUSAR Technologies Inc., Forcite Helmet System Pvt. Ltd., DAQRI LLC, Sena Technologies Inc., JARVISH Inc., Jager HelmX Smart Helmets, BABAALI and other Companies are key players.

Recent Development

In March 2020, KLIM, a US company that intoduces premium helmets for motorcycles, introduced the F3 carbon to know the needs of those riders looking for a lighter helmet. At the time of manufacturing of the elaborate carbon fiber shell, any excess resin is stripped away by hand, resulting in a helmet shell that is as homogenous and as light as possible.
In September 2020, Zeus Helmet’s new carbon fiber range included two products in the carbon fiber segment. The models are the ZX-1800B full-face helmet ZS-608 open-face.

The objective of the Research

Market modeling starts with Global Smart Helmet Market estimated to grow with a momentous rate over the forecast period, 2020-2027.
The rising need for security, safety and comfortable journey are responsible for the mounting demand of smart helmets.
Product analysis involves steps such as types of smart helmets, features, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Product Type

Full face
Half face
Hard hat

By Component

Communication
Navigation
Camera

By Application

Automation
Industrial
Construction
Others

By Region

Europe
North America
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What are smart helmets?

A smart helmet is a new type of equipment combined with high-tech functionalities to upgrade an ordinary helmet to intelligent functions. Smart helmets and visual command systems are now widely used in emergency rescue industries such as firefighting purposes, sporting events, and military purposes. GPS navigation systems also have been launched in smart helmets nowadays.

What are the benefits of smart helmets?

It helps reduce the case of accidents, provides safety, and a 360-degree view to the user and helps them detect the traffic on roads by using in-built headphones, Bluetooth devices, and GPS guidelines to make it convenient.

Who are the major key players in the global smart helmet market?

Companies including Nand Logic Corp., LifeBEAM Technologies Ltd., 360fly Inc., FUSAR Technologies Inc., Forcite Helmet System Pvt. Ltd., DAQRI LLC, Sena Technologies Inc., JARVISH Inc., Jager HelmX Smart Helmets, BABAALI and other Companies are the major key players in the global smart helmet market.

Which region is expected to have the largest share in the global smart helmet market?

Asia-pacific is expected to have the largest share in the global smart helmet market.

What is the growth rate of the global smart helmet market during the forecast period 2022-2028?

The global smart helmet market was valued at USD 701.49 million, and it is expected to reach USD 1,050 million with a CAGR of 6.87 %during the forecast period of 2022-2028.

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