Smart Helmet Market, By Type (Half-Face, Full-Face, Hard-Hat), By Component (Camera, Navigation, Communication, and Others), By End-Users (Healthcare, Industrial, Construction, Consumer, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

Report Code: PMI507023 | Publish Date: February 2023 | No. of Pages: 170

Smart Helmet Market Overview

The IoT (Internet of Things) based smart helmet technology has become a key factor for target market growth due to the adoption of digital technologies and smart wearable devices. Smart Helmet is developed with innovative functionalities which provide the user with a high level of safety and full access to its mobile while driving the bicycle and motorbike. The Helmet is used as a precaution to protect from accidental injuries. The Radiofrequency module used for transmitting and receiving radio signals between Smart Helmets & motorcycles makes smart helmets more effective.

The rise in road accidents has significantly contributed to the Smart Helmet market growth. Smart Helmet prevents accidents by detecting the speed, blinking, and drowsiness of users and provides warning alarms to avoid it by making rescue requests through calls or text messages in case of accidents.

Attributes

Details

Smart Helmet Market Value (2022)

US$ 434.9Mn

Smart Helmet Market Projected Value (2032)

US$ 1926.0Mn

Smart Helmet Market CAGR (2022 – 2032)

15.1%

Smart Helmet Market Dynamics

Increasing demand for vehicles

The increasing need for transportation has given rise in demand for vehicles. Due to increasing number of working people and the rate of urbanization, people are now purchasing their own vehicles to meet their needs. According to data published by the Economic Times in 2018, India has 22 cars per 1,000 people, the United States has 980 cars per 1,000 people, and the United Kingdom has 850 cars per 1,000 people. New Zealand (774), Australia (740), Canada (662), Japan (591), and China (164) have one motor vehicle per 1000 individuals.

Further, according to Business Standard Budget 2023, domestic two-wheeler sales rose in November, with combined dispatches at the top five manufacturers rising 17% year on year to 1.1 million units. Hero MotoCorp posts about 15.5% growth in its eighth consecutive month with an increase in sales in the world’s largest market for motorcycles and scooters.

Rising incidence of accidents

The increase in the number of vehicles purchased has led to a rise in the incidence of accidents due to harsh driving, drinking alcohol while driving, and speeding up vehicles. According to the CDC (Centers for Disease Control and Prevention), motor vehicle crashes have become the leading cause of death in teens in the United States. In 2020, motor vehicle crash deaths among teens about 13 to 19 years of age will result in $40.7 million in medical costs. Further, according to the CDC (Centers for Disease Control and Prevention), around 1,000 bicyclists die and around 130,000 are injured in crashes that occur on U.S. roads each year.

Effective interventions like helmets help in reducing the risk of head and brain injuries in accidental cases. Smart helmets have become an excellent option that provides a high level of safety.

Restrains:

Various sensors are used in smart helmets, which increase the weight of the helmet and make it uncomfortable for users. Frequent charging and replacement of batteries reduce the utility of smart helmets due to an increase in power consumption, which hinders the target market growth. Further, sensor malfunctioning and false alarms caused by low-quality sensors, a delay in notifying messages to reach emergency contacts due to network issues, and a high cost hamper the smart helmet market growth.

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Smart Helmet Market Segmentation

Smart Helmet Market is segmented based on Type, Component, End-Users, and Region.

Type Insight

On the basis of Type, Smart Helmet Market is segmented into Half-Face, Full-Face, Hard-Hat. The Full-Face Type of smart helmet is expected to dominate the target market due to its most protective property, which lowers the risk of facial injury compared to other types of smart helmet.

Further, according to Springer Nature, it was determined that full-face helmets provide better facial protection than other types of helmets, and around 73% less risk of sustaining a facial fracture was reported.

Component Insights

On the basis of Component, Smart Helmet Market is segmented into Camera, Navigation, Communication, and Others. The Communication system is expected to dominate the target market growth because it allows all functions and applications to be controlled by voice command, ensuring that anyone at any time can connect a mobile to a helmet device to perform various hands-free functions by talking to the operator via the helmet microphone for making calls and finding directions. 

End-Users Insights

On the basis of End-Users, Smart Helmet Market is segmented into Healthcare, Industrial, Construction, Consumer, and Others. Consumers are expected to dominate the target market growth due to growth in demand for vehicles, rising sales of two-wheelers, and increasing incidents of road accidents.

Further, according to Autocar Professional, electric two-wheeler sales in India will soar up to 305% in CY2022 and race past 600,000 units. The electric vehicle industry was seen to be dominating in India and overseas markets.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On basis of region the Smart Helmet Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to, rising adoption of smart helmets, government and NGOs initiative in educational campaigns for educating people about use of helmets, rising research and development activities in helmet manufacturing industries, and disposable income, is anticipated to increase demand for Smart Helmet in the region.

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Report Scope:

Attribute

Details

Base year for estimation

2022

Forecast period

2022 – 2032

Market representation

Revenue in USD Million & CAGR from 2022 to 2032

Market Segmentation

By Type - Half-Face, Full-Face, Hard-Hat

By Component - Camera, Navigation, Communication, and Others

By End-Users - Healthcare, Industrial, Construction, Consumer, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Smart Helmet Market report based on Type, Component, End-Users, and Region.

Smart Helmet Market, By Type:

  • Half-Face
  • Full-Face
  • Hard-Hat

Smart Helmet Market, By Component:

  • Camera
  • Navigation
  • Communication
  • Others

Smart Helmet Market, By End-Users:

  • Healthcare
  • Industrial
  • Construction
  • Consumer
  • Others

Smart Helmet Market, By Region:

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

Recent Development:

  • In February 2023, JARVISH launched a new "Crowd Funding Campaign" and offered discounts for producing their "X and X-AR Smart Helmets," which are embedded with a host of technology and offer voice-only access to Amazon Alexa, OK Google Control, and Siri.
  • LIVALL launched the new Next-Gen Smart Bicycle Helmet "BH51M NSO" in August 2022, which featured with excellent JBL sound quality and upgraded smart features such as emergency SOS alert, making rides safer and more enjoyable.
  • In November 2021, Huawei launched a new "HarmonyOS"-powered smart helmet in China that is equipped with voice commands and Bluetooth calling. The newly launched "HarmonyOS" is available in black and grey colours and is suitable and safer for biking, electric bicycles, skateboarding, and roller skating.
  • In April 2021, Sena Technologies Inc. launched its first "Rumba multi-sport Bluetooth helmet" for the powersports and outdoor sports market. Rumba includes the company's communication technology, which is built directly into the helmet and allows 2-way Bluetooth intercom as well as smartphone pairing for GPS, music, phone calls, and other functions. 

Smart Helmet Market Key Players

The key players operating the Smart Helmet Market includes,

  • Forcite Helmet System Pty. Ltd.,

Forcite Helmet System Pty. Ltd. provides a safer and more dynamic motorcycling experience with new and advanced integrated technologies in producing helmets. Forcite's Nexus Smart Helmet is designed to represent Forcite’s Command AI to connect riders, and Forcite's MK1S Helmet allows motorcyclists to foresee the future.

  • Daqri LLC.

Daqri LLCs., Smart Helmet product is binocular augmented reality (AR) with a wireless headset built into a hard hat and is focused on use in industries by engineers, workers, and technicians.

  • Nand Logic Corp.

The Smart Helmet from Nand Logic Corp., includes turn signals, cameras, collision alerts, and other features and is intended for cycling, motorbiking, and snowboarding.

  • LIVALL Tech Co., Ltd.

Smart safety lighting, Bluetooth hands-free phone calls, turn signals, music playback with smartphone connection, SOS alert function, and a walkie-talkie are all included in the LIVALL Smart Helmet.

  • Sena Technologies, Inc.

Sena Technologies Inc., provides enterprise-level Bluetooth networking products for motorcycle riders. SMH10, launched by Sena in 2010, has provided innovative communication solutions to enthusiasts in powersports and motorcycles for over a decade.

  • Fusar Technologies Inc.

Fusar Technologies, Inc., develops advanced wearable that enhance the riding experience with safety. The company’s Guardian Smart Helmet is equipped with a unique suite of onboard sensors and a transparent head-up display to provide motorcyclists with unparalleled access to information about their surroundings.

  • 360fly Inc.

360fly Inc. develops products and software for an interactive 360-degree video experience with unique panoramic video cameras, which include the 360fly HD and 360fly 4K cameras. The company offers smart helmets with technological advancements.

  • Lifebeam Technologies Ltd.

Lifebeam Technologies Ltd. offers a smart helmet product. The company’s first product, the "LifeBEAM Smart Helmet," is the first bicycle helmet with a built-in HRM (heart rate monitor).

  • JARVISH Inc.

Jarvish Inc. offers the world’s best mass market with smart safety helmets. The company has developed its own special HD recording device to ensure the highest safety ratings.

  • Lumos Helmet World

Lumos Helmet World offers new, innovative, bright, dynamic lights and a smartly featured smart helmet with high visibility on the road that makes the user predictable to traffic around it.

Smart Helmet Market Company Profile

  • JARVISH Inc.*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Forcite Helmet System Pty. Ltd.
  • Daqri LLC.
  • Nand Logic Corp.
  • LIVALL Tech Co. Ltd.
  • Sena Technologies Inc.
  • Fusar Technologies Inc.
  • 360fly Inc.
  • Lifebeam Technologies Ltd.
  • Lumos Helmet World

“*” marked represents similar segmentation in other categories in the respective section

Smart Helmet Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Component
      • Market Snippet, By End-Users
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Smart Helmet Market, By Type
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Half-Face
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
    • Full-Face
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
    • Hard-Hat
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
  6. Smart Helmet Market, By Component, 2022 – 2032, (US$ Mn)
    • Overview                                      
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Camera
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
    • Navigation
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
    • Communication
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
  7. Smart Helmet Market, By End-Users, 2022 – 2032, (US$ Mn)
    • Overview                                      
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Healthcare
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
    • Industrial
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
    • Construction
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
    • Consumer
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
  8. Smart Helmet Market, By Region, 2022 – 2032, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By Component, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By Component, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By Component, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By Component, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By Component, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  2. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  3. Company Profiles
  • Forcite Helmet System Pty. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Daqri LLC.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nand Logic Corp.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • LIVALL Tech Co. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sena Technologies Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fusar Technologies Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • 360fly Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lifebeam Technologies Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • JARVISH Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lumos Helmet World
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Smart Helmet Market is segmented into type, component, end-users, and region.

Smart Helmet Market is driven by factors like increasing demand for vehicles, and rising incidence of accidents.

By region, the Smart Helmet market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the Smart Helmet Market includes, Forcite Helmet System Pty. Ltd., Daqri LLC., Nand Logic Corp., LIVALL Tech Co. Ltd., Sena Technologies Inc., Fusar Technologies Inc., 360fly Inc., Lifebeam Technologies Ltd., JARVISH Inc., Lumos Helmet World, and others.

Smart Helmet Market accounted for US$ 434.9 million in 2022 and is estimated to be US$ 1926.0 million by 2032 and is anticipated to register a CAGR of 15.1%.