Smart Helmet Market 2025 Growing Worldwide By Best Key players- Nand Logic Corp.; Lifebeam Technologies Ltd.; Forcite Helmet System Pvt. Ltd.; Fusar Technologies Inc.; 360fly Inc.; Daqri LLC; Jarvish Inc.; Sena Technologies Inc.; Babaali; Jager HelmX Smart Helmets.
The global smart helmet
market size is expected to reach USD 1.20 billion by 2025, expanding at
a CAGR of 18.6% from 2019 to 2025,
according to a new study by Grand View Research, Inc. Rising popularity of the
product in various applications such as riding, adventure sports,
manufacturing, and construction is projected to drive the growth.
These protective headgears provide
users with enhanced safety, security, and comfort. The growing adoption of
smart wearable technology, stringent workplace safety and road safety regulations
laid down by governments, and increasing awareness for personal health and
safety are expected to drive the demand for smart helmets over the forecast
period.
Smart helmets consist of multiple
sensors that perform functions such as heart rate monitoring, temperature
monitoring, and air quality monitoring. The sensors collect data in real time
to provide users with detailed information regarding various interactions,
navigation, and environmental and health attributes.
Satellite aided navigation is one of
the most vital features offered by smart helmets. It enables highly accurate
navigation capability by using multiple satellite networks such as Global
Navigation Satellite System (GLONASS), Global Positioning System (GPS), Galileo
Positioning System, BeiDou Navigation Satellite System, and Indian Regional
Navigation Satellite System (IRNSS).
Smart helmets are further capable of
providing a wide range of other communication, utility, and safety features
using built-in speakers, microphones, rear-facing cameras, cooling fans, solar
chargers, and health monitoring sensors. Manufacturers are using materials that
are light in weight and high in strength, such as fiberglass reinforced plastic
and carbon fiber, for weight reduction and enhanced survivability.
Increasing adoption of next-generation
technologies such as Augmented Reality (AR), Virtual Reality (VR), and
Artificial Intelligence (AI) is anticipated to drive the development and
adoption of smart helmets. Factors such as emerging road safety regulations,
development of wireless communication infrastructure, large-scale production of
motorcycles, and increasing disposable income are expected to drive the growth
of smart helmets industry in emerging countries such as India, Brazil, and
China.
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These helmets are rapidly gaining
popularity among bicyclists and motorcyclists for enhanced security, safety,
and comfort. They are also being widely used in various sporting events as well
as for military and firefighting purposes. Factors such as stringent road
safety regulations laid down by governments, growing adoption of advanced
wearable technology, and awareness regarding personal safety are expected to
drive the demand.
Increased focus on reducing the use of
mobile phones while riding has created a major opportunity for the development
and commercialization of innovative, feature-rich, and advanced smart helmets.
Growing product adoption by bike riders coupled with increasing sales of
motorbikes is anticipated to create significant growth opportunities for the
market in near future.
Smart Helmets
Market Report Highlights
- Navigation segment is expected to emerge
as the fastest-growing segment over the forecast period owing to the
increasing adoption of smart helmets by bike riders for in-country and
cross-country navigation
- Full face segment is expected to expand
at the highest CAGR of 18.8% over the forecast period. Increased adoption
of full face smart helmets by motorcycle and cycle commuters due to
superior safety features is expected to drive the growth
- Asia Pacific is anticipated to emerge as
the fastest-growing regional market over the forecast period owing to the
increasing sales of two-wheelers and rapidly growing industrial and
construction projects
- Consumer end use segment is expected to
gain traction over the forecast period owing to increasing adoption of
smart helmets in developed regions such as North America and Europe. Due
to increased road traffic, 2-wheelers are now being favored as the
preferred mode of commute, which is expected to act as a major growth
driver
- Key players operating in the smart
helmets market include Nand Logic Corp.; Lifebeam Technologies Ltd.;
Forcite Helmet System Pvt. Ltd.; Fusar Technologies Inc.; 360fly Inc.;
Daqri LLC; Jarvish Inc.; Sena Technologies Inc.; Babaali; and Jager HelmX
Smart Helmets
Key market players are also actively
focusing on product innovations and improvement strategies. For instance, companies
are using impact detection sensors with carbon fiber and re-enforced fiberglass
for weight reduction, enhanced connectivity, and real-time transfer of
information.
The integration of video recording
cameras and advanced sensors, such as optical heart-rate sensors and
accelerometers, has enabled users to effectively monitor their vital statistics
and surroundings. However, the high price of smart helmets, high investments in
product research and development, concerns regarding vision distraction, and
lack of awareness regarding the benefits and safety features are some of the
major factors that may hinder the growth of the smart helmet market over the
forecast period. To overcome these challenges, manufacturers are focusing on
raising awareness about the functionalities of smart helmets through various
forms of digital media.
Grand View Research has segmented the global
smart helmets market based on type, component, end use:
Smart Helmet Type
Outlook (Revenue, USD Million, 2017 - 2025)
- Full Face
- Half Face
- Hard Hat
Smart Helmet
Component Outlook (Revenue, USD Million, 2017 - 2025)
- Communication
- Navigation
- Camera
- Others
Smart Helmet End
Use Outlook (Revenue, USD Million, 2017 - 2025)
- Consumer
- Manufacturing
- Construction
- Others
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