Smart Helmet Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Smart Helmet Market
The global smart helmet market size was valued at USD 672.2 million in 2023. The market is projected to be worth USD 779.1 million in 2024 and reach USD 2,6419 million by 2032, exhibiting a CAGR of 16.5% during the forecast period 2024-2032.
One of the most adverse consequences of COVID-19 on work productivity is the intersections of various organizational, social, and economic disturbances. This imposes an additional responsibility to crisis management and backing plans, workplace and operating methods and thus, innovative ones. COVID-19’s pandemic brings a whole lot of difficulties to the manufacturers of helmets especially for those who do not have people who can relocate to remote work. These variables together have the effect of destabilizing the smart helmet market growth by showing how the pandemic has so affected the financial and economic factors.
Compare to a car, motorcycle or bicycle will likely be less safe in an accident. The task of the helmet is to decrease the probability of the head trauma by concussion or the head injuries. In the last few years, the scope of policy improvements that have been implemented to prevent road traffic accidents, has differed greatly among different regions and countries. These drive the smart helmet market share.
Smart antennas boost wireless network performance and radius of coverage enabling more voice, data and control applications to be handled by 4G and 5G technology. These antennas are gaining popularity for enabling people to experience better quality of mobile communication. Smart antennas use a different technology called beam forming that can reduce interference, and improve the capacity of the network operator at the same time.
Comprehensive Analysis of Smart Helmet Market
The smart helmet market and information & communication technology industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the information & communication technology industry. These segmentations are methodically segregated By Type Analysis, By Technology Analysis and By End-user Analysis. The market is segmented into type as face-shield (full and open), and shatterproof goggles. The smart full face helmets sat at the top of the market share and have a good chance to control the market in the forecast period. The market is segmented into the technologies of integrated communication system, integrated video cameras, contactless temperature measurement, Bluetooth connectivity, display indicator and braking type, and other technologies. Smart helmets use Integrated Communication System (ICS) that makes it possible to control most types and applications via the command word alone. The market is segmented into consumer, industrial, healthcare and construction based on the type of end use.
The consumption of such helmets in North America has experienced tremendous increase in the recent period. Along with their governments and partners in the region, NGOs are launching educational programs aimed to enlighten and improve the helmet usage by people. Encountering motorcycle trend variations, motorcycle manufacturers in the locality began introducing motorbikes at consumer-friendly prices.
The top players in the market play a crucial role in the information & communication technology industry assuring industrial prospectus growth and setting market standards. These players include, 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), and 360fly, Inc. (U.S.).
In March 2023, Hedkayse made an announcement about incorporating twICEme smart tech into its foldable helmets. Hedkayse helmets have gained a reputation of being the ultimate durable headgear as they have passed the test of time and being able to withstand multiple impacts, such as being the “Helmet for life”. The Enkays liner that has been developed for the helmets is customised in a way that it provides the same level of protection as that of a conventional cycle helmet. Merely touching the symbol of twICEme on the helmet with your smartphone will instantly allow the integrated twICEme technology to provide important critical safety data.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD million)
Growth Rate CAGR of 16.5% from 2024 to 2032
Segmentation By Type
- Full-face
- Open-face
- Half-head
By Technology
- Integrated Communication System
- Integrated Video Camera
- Contactless Temperature Measurement
- Bluetooth Connectivity
- Signal Indicator and Brake Type
- Others (Smart Navigation, Music System)
By End-user
- Consumer
- Industrial
- Healthcare
- Construction
By Region
- North America (By Type; By Technology; By End-user; and By Country)
U.S. (By Type)
Canada (By Type)
- Europe (By Type; By Technology; By End-user; and By Country)
Germany (By Type)
U.K. (By Type)
France (By Type)
Russia (By Type)
Rest of Europe
- Asia Pacific (By Type; By Technology; By End-user; and By Country)
China (By Type)
Japan (By Type)
India (By Type)
Australia (By Type)
Southeast Asia (By Type)
Rest of Asia Pacific
- Middle East & Africa (By Type; By Technology; By End-user; and By Country)
GCC (By Type)
South Africa (By Type)
Rest of Middle East & Africa
- Latin America (By Type; By Technology; By End-user; and By Country)
Brazil (By Type)
Mexico (By Type)
Rest of Latin America