The global smart helmet indsutry size is expected to reach USD 1.20 billion by 2025, expanding at a CAGR of 18.6% from 2019 to 2025, according to a new study by Grand View Research, Inc. Rising popularity of the product in various applications such as riding, adventure sports, manufacturing, and construction is projected to drive the growth.
These protective headgears provide users with enhanced safety, security, and comfort. The growing adoption of smart wearable technology, stringent workplace safety and road safety regulations laid down by governments, and increasing awareness for personal health and safety are expected to drive the demand for smart helmets over the forecast period.
Smart helmets consist of multiple sensors that perform functions such as heart rate monitoring, temperature monitoring, and air quality monitoring. The sensors collect data in real time to provide users with detailed information regarding various interactions, navigation, and environmental and health attributes.
Satellite aided navigation is one of the most vital features offered by smart helmets. It enables highly accurate navigation capability by using multiple satellite networks such as Global Navigation Satellite System (GLONASS), Global Positioning System (GPS), Galileo Positioning System, BeiDou Navigation Satellite System, and Indian Regional Navigation Satellite System (IRNSS).
Smart helmets are further capable of providing a wide range of other communication, utility, and safety features using built-in speakers, microphones, rear-facing cameras, cooling fans, solar chargers, and health monitoring sensors. Manufacturers are using materials that are light in weight and high in strength, such as fiberglass reinforced plastic and carbon fiber, for weight reduction and enhanced survivability.
Increasing adoption of next-generation technologies such as Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI) is anticipated to drive the development and adoption of smart helmets. Factors such as emerging road safety regulations, development of wireless communication infrastructure, large-scale production of motorcycles, and increasing disposable income are expected to drive the growth of smart helmets industry in emerging countries such as India, Brazil, and China.
Further key findings from the study suggest:
- Navigation segment is expected to emerge as the fastest-growing segment over the forecast period owing to the increasing adoption of smart helmets by bike riders for in-country and cross-country navigation
- Full face segment is expected to expand at the highest CAGR of 18.8% over the forecast period. Increased adoption of full-face smart helmets by motorcycle and cycle commuters due to superior safety features is expected to drive the growth
- Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period owing to the increasing sales of two-wheelers and rapidly growing industrial and construction projects
- Consumer end use segment is expected to gain traction over the forecast period owing to increasing adoption of smart helmets in developed regions such as North America and Europe. Due to increased road traffic, 2-wheelers are now being favored as the preferred mode of commute, which is expected to act as a major growth driver
- Key players operating in the smart helmets market include Nand Logic Corp.; Lifebeam Technologies Ltd.; Forcite Helmet System Pvt. Ltd.; Fusar Technologies Inc.; 360fly Inc.; Daqri LLC; Jarvish Inc.; Sena Technologies Inc.; Babaali; and Jager HelmX Smart Helmets
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The global smart helmet market size is expected to reach USD 1.20 billion by 2025, expanding at a CAGR of 18.6% from 2019 to 2025, according to a new study by Radiant Insights, Inc.
These protective headgears provide users with enhanced safety, security, and comfort.
Satellite aided navigation is one of the most vital features offered by smart helmets.
It enables highly accurate navigation capability by using multiple satellite networks such as Global Navigation Satellite System (GLONASS), Global Positioning System (GPS), Galileo Positioning System, BeiDou Navigation Satellite System, and Indian Regional Navigation Satellite System (IRNSS).
Further key findings from the study suggest: • Navigation segment is expected to emerge as the fastest-growing segment over the forecast period owing to the increasing adoption of smart helmets by bike riders for in-country and cross-country navigation • Full face segment is expected to expand at the highest CAGR of 18.8% over the forecast period.
Increased adoption of full face smart helmets by motorcycle and cycle commuters due to superior safety features is expected to drive the growth • Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period owing to the increasing sales of two-wheelers and rapidly growing industrial and construction projects • Consumer end use segment is expected to gain traction over the forecast period owing to increasing adoption of smart helmets in developed regions such as North America and Europe.
The global smart helmet market size is expected to reach USD 1.20 billion by 2025, expanding at a CAGR of 18.6% from 2019 to 2025, according to a new study by Radiant Insights, Inc.
These protective headgears provide users with enhanced safety, security, and comfort.
Download a Free Sample Report @ https://www.radiantinsights.com/research/smart-helmet-market/request-sample Satellite aided navigation is one of the most vital features offered by smart helmets.
It enables highly accurate navigation capability by using multiple satellite networks such as Global Navigation Satellite System (GLONASS), Global Positioning System (GPS), Galileo Positioning System, BeiDou Navigation Satellite System, and Indian Regional Navigation Satellite System (IRNSS).
Further key findings from the study suggest: • Navigation segment is expected to emerge as the fastest-growing segment over the forecast period owing to the increasing adoption of smart helmets by bike riders for in-country and cross-country navigation • Full face segment is expected to expand at the highest CAGR of 18.8% over the forecast period.
Increased adoption of full face smart helmets by motorcycle and cycle commuters due to superior safety features is expected to drive the growth • Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period owing to the increasing sales of two-wheelers and rapidly growing industrial and construction projects • Consumer end use segment is expected to gain traction over the forecast period owing to increasing adoption of smart helmets in developed regions such as North America and Europe.
The global interactive projectors market is anticipated to reach USD 4.56 billion by 2025, according to a new report by Grand View Research, Inc. An interactive projector is an institutional tool that makes any surface interactive.
It offers efficient user interaction, real-time learning, multi-touch collaboration, and PC-free interactivity and enables easy integration of materials.Embedded and energy efficient projection technology offers smart devices that use gesture interface and simple touch to interact with users.
The increasing adoption of e-learning in the education and corporate sector is expected to drive the demand for the interactive projector market.
With the advent of faster telecommunication technologies and networking, the e-learning market is anticipated to witness a significant growth over the projected period.
The developing countries like Malaysia, Vietnam, and Thailand transformed the interactive projector market into a bustling industry with vast revenue opportunities for e-learning.The Bring Your Own Device (BYOD) market is driven by factors such as reduced hardware cost and increased proliferation of smartphones.
Employees prefer using a single device for both professional and personal work to avoid theft and difficulty involved in carrying two separate devices; influencing the interactive projector demand.
The new report by Expert Market Research titled, ‘Global Smart Helmet Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global smart helmet market, assessing the market based on its segments like type, component, end-use, and major regions.
The sample report shall be delivered to you within 24 hours.Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/smart-helmet-market/requestsampleThe key highlights of the report include:Market Overview (2016-2026)Historical Market Size (2020): USD 439.6 MillionForecast CAGR (2021-2026): 18.3%Increasing urbanisation and rising disposable incomes around the world are driving the market demand.
Also, governments enforcing stringent road safety rules are also expected to drive the industry forward.
In the coming years, rising developments and technological advances in the industry are expected to drive the market.Industry Definition and Major SegmentsSmart helmets have features that provide the user with a high degree of protection by offering details about the environment.
It also allows the user to use their voice to control their phone's applications.On the basis of type, the smart helmet industry is segmented into:Full FaceHalf FaceHard HatBy component, the smart helmet market can be divided into:CommunicationNavigationCameraOthersThe smart helmet market can be categorised based on end-use into:Cycling and MotorcyclingIndustrialConstructionOthersRegionally, the smart helmet industry is classified into:North AmericaLatin AmericaEuropeMiddle East and AfricaExplore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/smart-helmet-marketMarket TrendsDue to their powerful and creative R capabilities, companies like Sena Technologies Inc., Fusar Technologies Inc., and Daqri LLC have gained significant market share.
These businesses are primarily focused on product innovations and the establishment of a global network of partners in countries such as the United States, India, China, and Brazil.Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours.
