Press release
Smart Helmet Market: Know The Key Growth Drivers Developments and Innovations in 2019 and Coming Future
Smart helmets are embedded with sensors and additional mounted devices that collect data and information as well as assist users. Smart helmets are increasingly being used by motorcyclists and bicyclists, apart from their use by industrial workers and fire-fighters. Smart helmets consist of action cameras and GPS navigation systems that assist users. The smart helmet can be connected to internet to perform wide range of functions such as traffic monitoring, GPS guidelines, In-built headphones etc. Smart helmet contains flexible inner layer which becomes hard during an accidental situation along with this the device is designed to provide complete safety measures which includes sending an emergency message to friends and family in critical situations with a single press. Smart helmets are gaining popularity in various sports events as well as by bike riders across the globe. Smart helmets have multiple features such as engine control system, inbuilt cooling fan, inbuilt Bluetooth system, accidental alert system, cell phone charging with the solar power use. These features are attracting the consumer’s interest towards the adoption of smart helmet technology, the product is designed to provide security, safety and comfort journey to the rider. Smart helmets for cycling is a basic workout monitor, measuring heart rate and calorie consumption. It connects via Bluetooth to smart watches or apps to monitor the statistics.
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Smart Helmet Market: Drivers and Challenges
Increasing safety and security concerns along with the technological advancements in smart devices is strengthening the demand for smart helmets across the globe. It has been notified that motorcycles are considered as an economical convenience of mobility and head injury is the primary cause of death in motorcyclists. Increasing production of motorcycles coupled with the rising figures of accidental death by head injuries will further propel the demand for advanced safety devices across the globe.
Adoption of smart helmet technology in construction industry is positively driving the global smart helmet market. The helmets are featured with 360 degrees wireless camera, allowing a full view of worker surrounding. Key market players such as DAQRI are focused on designing construction wearable featured with geo-fencing and collision detection systems; this will boost the demand for smart helmets in construction industry over the forecast period. Introduction of lighter weight smart helmets which are manufactured by advanced material combination of carbon fiber and fiberglass reinforced plastic and integration of electronics in helmets are major technological factors which are anticipated to propel the market growth
High cost associated with the product, lack of awareness regarding smart helmets in developing countries is major factors that may hinder the growth of smart helmet market over the next few years.
Smart Helmet Market: regional outlook
By regions, smart helmet market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.
North America and Western Europe smart helmet market is predominantly mature as compared to the other regional market as they are fast in the adoption of technology. Smart helmet market in Asia Pacific excluding Japan and Japan are expected to possess maximum potential in the forecast period. Smart helmet market in Latin America and Middle East and Africa are also projected to witness positive growth during the forecast period.
Smart Helmet Market Segmentation
By Product
Full Helmet
Half Helmet
Smart Hard Hat (for construction workers)
By Accessories
Motorcycle Bluetooth communication system
Motorcycle Bluetooth HD cameras
By End User
Cycling
Motorcycling
Construction Sector
Industrial Sector
Smart Helmet market: competition landscape:-
Key vendors in Smart helmet market include 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
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The report covers exhaustive analysis on:
Smart Helmet Market Segments
Smart Helmet Market Dynamics
Historical Actual Market Size, 2012 – 2016
Smart Helmet Market Size & Forecast 2017 to 2027
Supply & Demand Value Chain
Smart Helmet Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Smart Helmet Market Drivers and Restraints
Regional analysis for Smart Helmet Market includes the development of these systems in the following regions:
North America
US
Canada
Latin America
Brazil,
Mexico,
Others
Europe
Western Europe
Germany
France
U.K.
Spain
Italy
Nordic
BENELUX
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific Excluding Japan
Australia and New Zealand (ANZ)
Greater China
India
ASEAN
Rest of Asia Pacific
Japan
Middle East and Africa
GCC Countries
Other Middle East
North Africa
South Africa
Other Africa
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
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