Global Smart Helmet Market: Overview
The 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, these 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 has played a vital role in market growth. Smart helmets may also be used by geologists while inspecting dangerous terrains in the forthcoming years.
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 onto the development of smart helmets with add-on features such as solar power, crash warning, and road analysis. Hence, the existing vendors in the global smart helmet market are projected to capitalise on the opportunities that have risen out of road safety concerns.
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A report on the global smart helmet market is a representation of the forces that have aided market growth. The global smart helmet market has been segmented on the basis of the following parameters: type, component, end-use, and region. On the basis of type, full face helmets are expected to attract the highest demand in the years to come.
Global Smart Helmet Market: Notable Developments
The global smart helmet market has undergone key developments over the past decade. Some of these developments are explained below:
- Leading vendors such as Nand Logic Corp. and Fusar Technologies Inc. are focusing on providing add-on features in their products. Some of the key features that have been introduced in their products are sensor integration, augmented reality, and head-up display (HUD). The integrability of internet of things (IoT) has helped the market vendors in manufacturing supremely utilitarian products.
- Sena Technologies Inc. has invested in developing core technologies such as bluetooth connectivity, hands-free navigation, and terrain analysis. This strategy could help the company is gaining a competitive edge over their counterparts, and in building a larger consumer base.
- A new model of smart helmets introduced by Porsche has gained popularity due to its sleek design. Furthermore, this helmet also endows front and rear lights, along with turning signals.
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Some of the leading vendors in the global smart helmet are Fusar Technologies Inc.; Forcite Helmet System Pvt. Ltd.; 360fly Inc.; Jarvish Inc.,and Daqri LLC.
Global Smart Helmet Market: Growth Drivers
- Increasing Focus on Safety of Bikers and Cyclists
The number of road accidents due to the presence of unforeseen elements on the road has increased. This factor has led state authorities and municipal bodies to focus on safer and more cautious systems for bikers and cyclists. Complementing this trend, the demand for smart helmets is also projected to rise by leaps and bounds.
- Popularity of Biking Expeditions and Trips
Adventure enthusiasts travel across countries to accomplish their biking expeditions. The Asia Pacific region, in particular, is characterised by adventurous terrains for undertaking biking expeditions. Owing to the aforementioned trend, the global smart helmet market is expected to increase in size and revenue.
Global Smart Helmet Market: Regional Outlook
The global smart helmet market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The smart helmet market in Europe is expanding due to the growing trend of undertaking cycling trips across the region.
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