Smart Helmet Market - Region Wise Market Share and Revenue 2021 – 2031

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Smart Helmet Market: Introduction

  • A smart helmet is a type of protective headgear used by a rider which makes bike driving safer. The main purpose of the helmet is to provide safety. This is done by using advanced features such as alcohol detection, accident identification, location tracking, use as a hands free device, and fall detection. This makes it not only a smart helmet but also a feature of a smart bike. 
  • It is compulsory to wear a helmet, without which the ignition switch cannot turn ON. An RF module can be used as a wireless link for communication between transmitter and receiver. If the rider is drunk, the ignition gets automatically locked, and sends a message to the registered number with the rider’s current location.
  • In case of an accident the smart helmet sends a message through GSM along with location with the help of the GPS module. The unique utility of the project is fall detection; if the rider falls down from the bike it sends a message.

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Rise in Demand for Smart Helmets in Automotive Industry

  • Demand within the global smart helmet market is expected to increase on account of advancements in various streams of technical engineering. Although the primary function of smart helmets is to enhance the safety of riders, the helmets have also found relevance in other technical fields. 
  • The use of smart helmets by site engineers to gain access to landscape maps and 3D-images have played a vital role in market growth. Smart helmets may also be used by geologists while inspecting dangerous terrains.
  • Vehicular safety has become a major concern for governments, state authorities, and traffic management authorities. This factor has led several business entities to invest in smart helmet technology. 
  • The dynamics of market growth largely hinge on the development of smart helmets with add-on features such as solar power, crash warning, and road analysis. Hence, existing vendors in the global smart helmet market are projected to capitalize on the opportunities that have risen out of road safety concerns.

North America to Lead the Global Smart Helmet Market

  • In terms of region, the global smart helmet market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • North America is currently leading the market on account of high disposable income, increased awareness, and stringent regulations. Safety standards such as the United States Department of Labor - Occupational Safety and Health Administration standards and Personal Protective Equipment (PPE) at work regulations are anticipated to further boost the growth of the market. 
  • The Europe market is relatively mature and consumers in the region tend to be early adopters of emerging technologies. As a result, the regional markets are expected to witness higher product demand as well as hold major market share.
  • Meanwhile, Asia Pacific is expected to emerge as the fastest growing regional market for smart helmets over the forecast period. Increasing sale of two-wheelers, rapid urbanization in developing economies such as India and China, and the growing manufacturing sector in the region are expected to be major growth drivers for the regional market.

Key Players in the Global Smart Helmet Market

  • 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.

Global Smart Helmet Market, Research Scope

Global Smart Helmet Market, by Type

  • Full Face
  • Half Face
  • Hard Hat

Global Smart Helmet Market, by Component

  • Communication
  • Navigation
  • Camera
  • Others

Global Smart Helmet Market, by End-use Industry

  • Consumer
  • Manufacturing
  • Construction
  • Others

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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