Increasing Implementation of Citizen Safety Initiatives by Government Organizations will Increase the Adoption of Smart Helmets across the Globe
The global smart helmet market is expected to witness a CAGR of over 15% during the forecast period to reach revenue of more than $800 million by 2025
Bangalore, India, July 17, 2019: With its recently published study “Global Smart Helmet Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research estimates that there will be huge adoption of smart helmets especially in the APAC region, mainly due to government regulations on enhancing individual safety and security.
The smart helmet is predominantly used for providing safety to individuals’ when using automobiles or working in a construction site. New age helmets are integrated with high-tech systems making them smart helmets. These helmets include built-in microphones, speakers, rear-facing cameras, and several other features. Increasing adoption of smart helmets in the construction industry and adventure sports activity are among the drivers boosting the growth of the smart helmet market. Several organizations are significantly investing in developing smart helmets and are leveraging several technologies to uniquely position their competitive advantage.
Automobiles is among the significant contributors towards the smart helmet market. Vendors such as Skully Technologies have introduced motorcycle helmets with head-up displays and augmented reality. Its product Fenix AR helmet consists of a rear-view camera with a 180-degree view on a head-up display as well as turn-by-turn navigation. These features enhance the rider’s safety. Key players including DAQRI, Forcite Helmet Systems, FUSAR Technologies, Jarvish, and LIVALL which have a significant presence in the smart helmet market.
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North America is likely to lead the smart helmet market and will have a significant contribution in terms of revenue due to the high adoption of smart helmet products in this region. The growing participation of motorcyclists in off-road activities and high adoption of smart helmets by firefighters as well as several product launches by the vendors in this region will have a significant contribution towards the market.
“The growing adoption of smart helmets in the areas such as firefighting and construction will steer the growth of the smart helmet market across the globe.” – Rahul Kumar Pandey, Research Analyst, Infoholic Research
Segmentation of the Report:
Smart Helmet Market Segmentation, By Type
- Full Helmet
- Half Helmet
Smart Helmet Market Segmentation, By End-user
Industry outlook: Market trends, drivers, restraints, and opportunities