According to the World Health Organization, around 30 to 40 million individuals endure injuries, bringing in lifelong disability and about 1.3 million individuals die across the world because of road accidents. These mishaps, also lethal wounds, can be decreased by the utilization of smart helmets as these incorporate a few parts such as sensors and electronic devices to gather constant information and assist with decreasing operational risk and upgrading safety.
Smart helmet markets are building up momentum among motorcycle and bike riders to further develop solace, security, and safety. These helmets are additionally utilized for sporting events and firefighting as well as military purposes. As the smart wearable devices are easy to use, and technologically progressed, providing GPS routes, connectivity to Bluetooth mobile phones, and other functions, driving the market during the forecast is set.
According to the research report, â€œSmart Helmet Market by Product (Full Helmet, Half Helmet, and Others), End-user (Automotive, Industrial, Firefighting, and others), and Geography (North America, Europe, APAC, and Row) – Global Forecast up to 2025â€ states that the market for the smart helmet is driven by the increasing demand for remote access reconnaissance. Government associations are executing several guidelines related to public security thinking about the expanded number of lethal accidents. This is directing the growth of this market. However, an absence of mindfulness about safety is hampering the market growth.
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Helmets play an imperative part in giving security to individuals while using automobiles or working on a site. These helmets incorporate underlying microphones, speakers, rear-facing cameras, head-up displays, and several other elements.
The growing adoption of the smart helmet in construction industries is decidedly affecting the growth of the industrial smart helmet market. Notwithstanding, the significant expense of smart helmets is influencing the growth of the worldwide smart helmet market. The utilization of smart helmets is expected to become further as an expansion in spending on materials is being utilized for manufacturing these helmets by undertakings.
Based on the types of products, it has been classified into the full helmet, half helmet, and others. The full-face helmet at present rules the global market and is supposed to arise as the quickest-growing segment over the forecast period. Furthermore, expanding the utilization of the item in adventure sports is supposed to drive their affectation.
The others segment include smart helmets for construction, firefighting, and adventure sports, which are expected to witness significant growth owing to the increasing demand in industrial manufacturing, mining, and construction industries in North America and Europe.
In the view of end-use, the market has been categorized into automotive, industrial, firefighting, construction, and others. The automotive end-use portion represented a significant market share and is likewise expected to keep driving the market inferable from growing safety concerns combined with rising sales of 2-wheelers. Rising mindfulness in regards to road safety and reception of next-generation technologies such as Augmented Reality (AR) in the industrial area is supposed to drive interest in end-use verticals like manufacturing, construction, and energy areas over the forecast period till 2025.
Based on smart helmet market geographical analysis, North America is presently driving the market by virtue of high discretionary cash flow, expanded awareness, and rigid guidelines. Safety norms like the US Department of Labor – Occupational Safety and Health Administration standards at work guidelines are anticipated to lift the growth. Subsequently, the regional markets are supposed to observe higher product interest as well as hold major markets. Meanwhile, Asia Pacific is expected to arise as the quickest-growing market for smart helmets because of expanding initiatives and government regulations.
In the forthcoming years, the smart helmets market will ascend because of elements, such as expanding safety and security concerns and the advances in technology are positively impacting the demand for smart helmets around the world. Additionally, the increase in sales of two-wheeler bikes, especially in the developing economies, the middle-class families, and upgraded security gave to diminish the fatalities and injuries have prompted an increase in the market size of smart helmets.
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Global Smart Helmet Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025
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Ankur Gupta, Head Marketing & Communications