The size of the global smart helmet market, which was estimated at USD 585.1 million in 2022, is expected to increase by USD 1,560.3 million by 2028, showing a CAGR of 18.3% over the forecast period, from USD 672.2 million in 2023.
When driving or operating heavy machinery, smart helmets increase user safety. Advanced features like GPS, map navigation, health monitoring (including skin temperature monitoring), sensor data collection, humidity air quality checks, live streaming cameras, and connectivity with other devices are all included in these helmets. Leaders in the market are releasing novel solutions with unique features.
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Which company dominates the Global Smart Helmet Market?
- Sena Technologies, Inc. (U.S.)
- DAQRI (U.S.)
- Forcite Helmet Systems Pty Ltd. (Australia)
- TVS Motor Company (India)
- Hedkayse (U.K.)
- MapmyIndia (India)
- Livall (China)
- Jarvish Inc. (Taiwan)
- Torc Helmets (U.S.)
- Lumos Helmet (China)
- Nexsys. Co., Ltd. (Korea)
- 360fly, Inc. (U.S.)
What are the factors driving the growth of the Smart Helmet Market?
In the event of an accident, motorcycles and bicycles are less safe than cars. The intention of the helmet is to reduce the possibility of severe head and brain trauma from force or head injury. Over the last few years, there have been significant regional and international differences in the policy changes made to reduce traffic accidents. By donning a motorcycle helmet, one can reduce their risk of dying and suffering serious injuries by over 70% and nearly 40%, respectively. Motorcycle helmet quality has a bearing on how well they perform in preventing head trauma. To guarantee that helmets can reduce the risk of a head injury in the event of an accident, requirements for protection must be established for helmets. Expanded policy legislation that promotes the use of helmets for protection has, in turn, offered a variety of incentives for helmet manufacturers to create cutting-edge helmets.
What are the geographical insights of the Smart Helmet Market?
In North America, the use of these helmets has grown significantly in recent years.
Governments and non-profit organizations in the area are launching educational campaigns to encourage and inform people about wearing helmets. Due to shifting market trends, local motorcycle manufacturers have begun to release bikes at competitive prices. Manufacturers of helmets now have an unheard-of opportunity to diversify their product offerings and keep up with the constantly shifting needs of consumers. Over the course of the forecast period, the market growth is anticipated to be driven by the research and development efforts made by helmet manufacturers in the area to ensure traffic safety.
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An overview of the report
- The report comprehensively analyzes recent and anticipated market trends to help investors find investment opportunities.
- Market predictions through 2030, starting from estimated market values
- Market trends that are significant across industries, regions, and countries
- Market strategies and significant developments observed
- Market dynamics like drivers, obstacles, opportunities, and other trends
- comprehensive company profiles of significant players, both established and emerging
- Emerging economies are anticipated to grow through 2030.
Analysts have segmented the "Smart Helmet Market" into application, type, and regional segments to aid market participants in better understanding the market. Each element clearly demonstrates the variables that are most likely to have an impact on it and the variables that are anticipated to have a limit. The reader can access specific market updates thanks to the segmented explanation. The market research report on Smart Helmet Market Trends also discusses evolving environmental concerns, shifting political environments, and various government approaches to regulatory reforms.
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