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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.

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

Global Smart Helmet Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Smart Helmet Market