Global Smart Helmet Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2015 to 2031

Smart Helmet Market Introduction:

A smart helmet is a form of rider-used protective headgear that makes mountain biking safer than before. The main aim of this helmet is to provide the rider with protection. Using advanced features such as drug detection, accident recognition, location tracking, use as a hands-free tool, fall detection to enforce this. In addition to their use by industrial workers and firefighters, motorcyclists and bicyclists are increasingly using smart helmets. The recent introduction of smart helmets in the industry has made wearing a helmet much more convenient. The smart helmets come with features like Bluetooth, speakers, and lights that can help you in various ways. Smart mobile phones can be connected helmet via Bluetooth and use the speaker in the helmet to talk on the phone hands-free. With these new advancements come safety precautions. Safety experts are urging people to wear helmets when they ride their motorcycles.

Factors that have a positive impact on the market

Smart helmets are gaining popularity among bicyclists and motorcyclists for improved safety, security, and comfort. These products are also widely used in several sporting events including military and firefighting purposes. Smart helmets have multiple features, including an engine control system, built-in cooling ventilator, integrated Bluetooth system, accidental alert system, solar-powered cell phone charging. These features attract the consumer's interest in adopting smart helmet technology.

High cost of smart helmet as compared to traditional is expected to limit the revenue growth

The high price of smart helmets, high investment in product research and development, vision impairment issues, and lack of awareness of the benefits and safety features are some of the major factors that may hamper the adoption of smart helmets and revenue growth of the smart helmet market over the forecast period.

Recent trends observed in the smart helmet market

The trend of wearing a helmet while riding a motorcycle is increasing and the adoption rate of smart helmets is also on the rise. This helmet (smart helmet) was designed to help reduce the risk of head injury in motorcycle accidents. It has cameras to record any accidents and GPS to track location and speed. The rider also wears speakers in their helmets which connect to both their smartphone and other riders' helmets.

The latest trend in smart helmets is the use of AI to deliver more personalized recommendations for riders. Giro, an American bike helmet producer, has released their new product called "Smart Series" with a helmet that offers intuitive features based on data gathered from sensors within the device. For instance, if the rider is biking uphill, the smart helmet will provide ventilation to keep cool and also alerts them with beeps or changing lights to help them know which way to turn.

Smart Helmet Market Dynamics

Global Smart Helmet market is segmented based on the product type, end-user, and region. The product type segment is segregated into the smart full, smart half, and smart hard hat, among other product segments. The full face helmet accounts for the highest revenue share among the product type segment and is expected to dominate the target market. This is attributed to bike riders' increasing penetration and adoption of smart helmets. In addition, rising product consumption in adventure sports is expected to drive its adoption over the forecast period. However, higher growth would be seen over the next few years from the hard hat form used in construction and industrial applications, including manufacturing, mining, etc.

The end-user segment is further segmented into automobile, industrial, construction and others. Among the industry vertical segment, smart helmets are gaining rapid popularity in the automobile segment owing to advanced product features such as embedded communication systems, real-time navigation, and increased safety.

Geographically, North America is estimated to account for the majority market share and will continue to dominate the target market in the next few years. This is attributed to increased awareness and strict regulations, and the rapid adoption of new technologies in the region. The Asia-Pacific region is also expected to grow at a relatively higher rate during the forecast period.

Global Smart Helmet Market Segmentation:

Based on the Product Type

• Smart Full Helmet
• Smart Half Helmet
• Smart Hard Hat Helmet

Based on the End-User

• Automobile
• Industrial Manufacturing
• Construction
• Cycling
• Other Industry Verticals

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Based on Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Players in the Market are:

• 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
• Other Key Industry Players