Smart Helmet Market Worth Nearly US$ 1537.9 Mn by 2030

The global smart helmet market is on the rise. According to research and consulting company, Precedence Research, the market size of smart helmet worldwide will hit US$ 1537.9 million by 2030, up from US$ 534.82 million in 2022. This means a cumulative average growth rate (CAGR) of 14.11% from 2022 to 2030. The report contains 150+ pages with detailed analysis.

According to the World Health Organization around 30 to 40 million people suffer injuries, resulting in a lifelong disability and about 1.3 million people die across the world due to road accidents. These accidents, as well as the fatal injuries, can be reduced by up to 37% by the use of the helmets. Increased sales of two Wheeler bikes, particularly in the growing economies, the middle class families and enhanced protection provided in order to reduce the fatalities and injuries there is demand for helmets. Growing demand for the motorcycles and bicycles has led to an increase in the market size of the smart helmets.

Report highlights

The smart helmet market size is expected to grow owing to the various rules and regulations imposed by the government bodies. The governments and NGO’s are creating awareness among the public regarding the fatalities or injuries caused by damage to the head while riding the motorcycles or bicycles, so this has indeed increased the sales of the smart helmets. As the smart helmets are easy to use, technologically advanced, providing GPS navigation, connectivity to the Bluetooth mobile phones, and various other functions, it is set to drive the market during the forecast.

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Smart Helmet Market Report Scope

Smart Helmet Market Regional Snapshot

North America has seen a tremendous growth for the smart helmets and it is expected to grow during the forecast period as the government and NGOs are initiating camps to promote the usefulness of the helmet. The changing trends in the motorcycle industry, the manufacturers in this region are also launching bikes at affordable prices so this has also increased the sales of the motorcycles.

Also it provides some opportunity for the helmet manufacturers to widen the range of products that they offer in order to meet the continuously changing demands of the market. The developing nations and the middle class people are the consumers of the motorcycles and bicycles. In order to ensure their safety and in order to avoid fatalities the awareness of the use of smart helmets is important.

India is the largest economy in terms of the adoption of two Wheelers and has resulted to give a major share in this market. The European market is expected to grow at a moderate pace. The people in this region are aware regarding the personal safety and they’re adopting the advanced variable technologies. In other Middle East countries or in Latin America, due to stringent government policies people are adopting smart helmets.

Smart Helmet Market Dynamics

Drivers

The advanced helmets are light in weight, which are manufactured from a combination material of carbon fibers and fiberglass. The governments across the nations have made stringent rules for safety regulations. These rules and regulations are expected to drive the market. A noncompliance to these rules leads to charging a fine or imprisonment. So in order to avoid it people are buying the smart helmets. Most of the fatalities post motorcycle accidents are due to a hit on the brain.

Apart from the safety reasons, there’s an increased utilization of bicycles across many nations and this also happens to drive the smart helmet market. The motorcycle and the bicycle drivers are at a great risk of being injured in a crash because they are almost always surrounded by vehicles and buses that are fast paced. The market of the Asian countries is driving the sales of the smart helmets as there is a rise in the sales of the motorcycles or two Wheelers.

Restraints

The production cost of the smart helmets is relatively high. So it happens to hinder the market growth. The cost increases owing to the design of the advanced helmets. So the smart helmets are incorporated with night vision goggles. They have head up screens, video camera units and ways for communication. So all of these technological advancements in the helmet tend to rise the manufacturing cost and in turn it becomes expensive.

As these technological advancements in the smart helmets are new, there are also chances of errors and then replacement of such helmets is a hassle, so this also happens to be a restraining factor for the growth of the market. There are software and hardware compatibility issues which are other factors that restrain the growth of the smart helmet market.

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Opportunities

Smart helmets are embedded with sensors mounted that collect data and information and help the user while riding the motorcycles or the bicycles so this is an opportunity for the growth of this market. It also provides with a GPS navigation system in order to assist the users, the helmet can be connected to the Internet to perform a wide range of functions like tracking the traffic ahead on the road so all of these are the opportunities for the smart helmet market. It is gaining popularity for various sports event organized by the bike riders across the globe as it provides safety, security and a comfortable journey to the rider.

Challenges

The challenges before the smart helmet market are that in order to put in so many functions in the compact helmet has the restriction of space. The cost of configuration of such helmets is also high.

Recent Developments

• The next Gen Forcite MK1S Smart Helmet has inbuilt Harman Kardon speakers, this helmet features an inventive road alert ecosystem where the rider receives alerts regarding speed traps navigation and traffic conditions.
• Sena Technologies Inc, which is a company headquartered in California, launched a modular helmet which is equipped with Bluetooth communication system, smartphone connectivity, providing a great experience to its user.
• BH51M Neo A cycling safety helmet which is connected to a smartphone was launched to buy LIVALL a leading manufacturer of helmets, it has a waterproof headgear which has hands free Operation, Lightning voice navigation and SOS alarm.

Smart Helmet Key Players

• DAQRI
• Sena Technologies Inc
• Forcite helmet systems
• Bell Sports Inc.
• TORC helmets
• Lumos helmet

Segments covered in the report

By Technology

• Integrated video camera.
• Integrated communication system
• Bluetooth connectivity
• Contact list temperature measurement
• Signal indicator and brake function

By Type

• Full Face
• Open Face
• Half Head

By End User

• Consumers
• Health care
• Industries
• Construction

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Philippines
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of the Middle East & Africa

Research Methodology

A unique research methodology has been utilized to conduct comprehensive research on the growth of the global smart helmet market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions.

Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global smart helmet market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimate the future prospects of the global market more reliable and accurately.

Why should you invest in this report?

If you are aiming to enter the global smart helmet market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for smart helmet are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Smart Helmet Market 

5.1. COVID-19 Landscape: Smart Helmet Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Smart Helmet Market, By Technology

8.1. Smart Helmet Market, by Technology, 2022-2030

8.1.1 Integrated video camera

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Integrated communication system

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Bluetooth connectivity

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Contact list temperature measurement

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Signal indicator and brake function

8.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Smart Helmet Market, By Type

9.1. Smart Helmet Market, by Type, 2022-2030

9.1.1. Full Face

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Open Face

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Half Head

9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Smart Helmet Market, By End User 

10.1. Smart Helmet Market, by End User, 2022-2030

10.1.1. Consumers

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Health care

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Industries

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. Construction

10.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Smart Helmet Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Technology (2017-2030)

11.1.2. Market Revenue and Forecast, by Type (2017-2030)

11.1.3. Market Revenue and Forecast, by End User (2017-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Technology (2017-2030)

11.1.4.2. Market Revenue and Forecast, by Type (2017-2030)

11.1.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Technology (2017-2030)

11.1.5.2. Market Revenue and Forecast, by Type (2017-2030)

11.1.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Technology (2017-2030)

11.2.2. Market Revenue and Forecast, by Type (2017-2030)

11.2.3. Market Revenue and Forecast, by End User (2017-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Technology (2017-2030)

11.2.4.2. Market Revenue and Forecast, by Type (2017-2030)

11.2.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Technology (2017-2030)

11.2.5.2. Market Revenue and Forecast, by Type (2017-2030)

11.2.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Technology (2017-2030)

11.2.6.2. Market Revenue and Forecast, by Type (2017-2030)

11.2.6.3. Market Revenue and Forecast, by End User (2017-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Technology (2017-2030)

11.2.7.2. Market Revenue and Forecast, by Type (2017-2030)

11.2.7.3. Market Revenue and Forecast, by End User (2017-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Technology (2017-2030)

11.3.2. Market Revenue and Forecast, by Type (2017-2030)

11.3.3. Market Revenue and Forecast, by End User (2017-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Technology (2017-2030)

11.3.4.2. Market Revenue and Forecast, by Type (2017-2030)

11.3.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Technology (2017-2030)

11.3.5.2. Market Revenue and Forecast, by Type (2017-2030)

11.3.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Technology (2017-2030)

11.3.6.2. Market Revenue and Forecast, by Type (2017-2030)

11.3.6.3. Market Revenue and Forecast, by End User (2017-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Technology (2017-2030)

11.3.7.2. Market Revenue and Forecast, by Type (2017-2030)

11.3.7.3. Market Revenue and Forecast, by End User (2017-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Technology (2017-2030)

11.4.2. Market Revenue and Forecast, by Type (2017-2030)

11.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Technology (2017-2030)

11.4.4.2. Market Revenue and Forecast, by Type (2017-2030)

11.4.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Technology (2017-2030)

11.4.5.2. Market Revenue and Forecast, by Type (2017-2030)

11.4.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Technology (2017-2030)

11.4.6.2. Market Revenue and Forecast, by Type (2017-2030)

11.4.6.3. Market Revenue and Forecast, by End User (2017-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Technology (2017-2030)

11.4.7.2. Market Revenue and Forecast, by Type (2017-2030)

11.4.7.3. Market Revenue and Forecast, by End User (2017-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Technology (2017-2030)

11.5.2. Market Revenue and Forecast, by Type (2017-2030)

11.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Technology (2017-2030)

11.5.4.2. Market Revenue and Forecast, by Type (2017-2030)

11.5.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Technology (2017-2030)

11.5.5.2. Market Revenue and Forecast, by Type (2017-2030)

11.5.5.3. Market Revenue and Forecast, by End User (2017-2030)

Chapter 12. Company Profiles

12.1. DAQRI

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Sena Technologies Inc

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Forcite helmet systems

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Bell Sports Inc.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. TORC helmets

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Lumos helmet

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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