Information Technology
Smart Helmets Market to Reach $2.3 Billion by 2031- Exclusive Report by Meticulous Research®
A smart helmet is a helmet equipped with advanced technologies such as sensors, AI, Bluetooth, GPS, and cameras, among others. These technologies provide riders with enhanced safety and convenience. Smart helmets provide risers with information on their surroundings and allow users to access their phones via voice commands. Moreover, features such as built-in lights and head-up displays improve visibility and reduce the risk of accidents. Smart helmets are used across various sectors, such as transportation, manufacturing, construction, military, and sports.
The smart helmets market is experiencing growth primarily due to strict road traffic rules and the increasing need for safety & security. However, the high prices of smart helmets restrain market growth.
Additionally, the increasing preference for smart technology among consumers and technological advancement in wearables are anticipated to offer substantial growth opportunities for market players. However, low awareness about the importance of using helmets poses a significant challenge to market growth.
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Some of the major players studied in this report are Sena Technologies, Inc. (U.S.), Feher Helmet ( Germany ), Crosshelmet ( Japan ), Nexsys. Co., Ltd. ( South Korea ), H&H Sports Protection USA , Inc. (U.S.), LIVALL Tech Co., Ltd. ( China ), Intelligent Cranium Helmets LLC (U.S.), Forcite Helmet Systems Pty Ltd. ( Australia ), NEXX North America (U.S.), Steelbird Hi-Tech India Ltd. ( India ), STUDDS Accessories Limited ( India ), Lumos Labs Pte. Ltd. ( Hong Kong ), JARVISH ( Taiwan ), TVS Motor Company ( India ), Headkayse Ltd. (U.K.), HJC AMERICA, INC. (U.S.), and SHOEI Co., Ltd. ( Japan ).
The smart helmets market is segmented by type (full-face Helmets, open-face Helmets, hard hats), technology (integrated video cameras, integrated communication systems, Bluetooth systems, integrated navigation systems, other technologies), and end user (consumer, industrial, healthcare, construction, military & defense, other end users). The report also provides a comprehensive analysis of the smart helmets market in North America , Europe , Asia-Pacific , Latin America , and the Middle East & Africa .
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the hard hats segment is slated to record the highest CAGR during the analysis period. The growing safety concerns in industrial workspaces, the increased adoption of smart helmets among bicyclists, and the growing demand for hard hats in several industries, including construction, oil & gas, mining, and manufacturing, are factors expected to support the segment's high growth.
the integrated navigation systems segment is slated to record the highest CAGR during the analysis period. The growing use of smart helmets with navigation systems in industries such as military, mining, and oil & gas to support live tracking, fall detection, and SOS alarm, and the development of smart helmets with GPS for hands-free navigation are factors expected to support the segment's high growth.
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the consumer segment is slated to record the highest CAGR during the analysis period. The growing focus of automotive manufacturers on the development of smart helmets, the increasing integration of helmet detection systems into motorcycles, and stringent traffic regulations imposed by transport authorities are factors expected to support the segment's high growth.
Asia-Pacific is slated to record the highest CAGR of over during the analysis period. The growing inclination toward sports vehicles, rising disposable income levels, increased sales of 2-wheelers, rise in urbanization across several countries in the region, the growing focus of key players on the development of helmets with smartphone connectivity features, increased construction activities, and the region's strong focus on safety and technology adoption are factors expected to support the market's high growth.
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