Smart Helmet Market was valued US$ 629.85 Mn in 2021 and is expected to reach US$ 1,825.92 Mn by 2027 at a CAGR of 19.41 % over the forecast period 2022-2027.
Smart Helmet Market - Key Trends, dynamics, Competitive Landscape, Product Benchmarking, and Latest Key Acquisitions and Mergers.
According to Maximize Market Research, a well-known provider of business research and consulting services, the global market for Smart Helmet was valued US$ 629.85 Mn in 2021 and is expected to reach US$ 1,825.92 Mn by 2027 at a CAGR of 19.41 % over the forecast period 2022-2027.
The research report on the Smart Helmet market includes a projection for the years up to 2029 together with detailed information on the market's size, rate of growth, revenue, trends, and potential. The major factors influencing the development of this industry have also been properly considered. A thorough quantitative examination of the market was performed for this study, and the findings can be used to create policies that would foster growth and productivity.
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Smart Helmet Market Overview:
The most recent drivers, restraints, and opportunities in the Smart Helmet industry are the main topics of the in-depth corporate business research of the Smart Helmet market. After that, inquiries were made to renowned businesses to confirm the findings. Both free and commercial data sources are used in the secondary inquiry and analysis of the same. Reliable data sources, official government sources, and, in the case of publicly traded companies, financial reports of the company are used to collect information on each player's supply and consumption. The tax division of the local government may be allowed to ask firms for financial records even if they aren't typically available to the general public.
COVID-19 Impact:
The analysis provides more accurate and true estimations in accordance with the market realities by looking at the current and possible effects of the COVID-19 pandemic on the overall market. The extensive spreading of the coronavirus is causing distress. Almost all nations have put strong social segregation laws into place, like lockdowns. Significant supply outages have resulted from this. Everywhere, the disease's widespread impact has changed social structures. The COVID-19 has an impact on the market as a whole, and in 2019 and 2020, that impact will grow in step with the market's rate of expansion. The COVID-19 event has forced enterprises to manage risk and digitise operations in order to give trustworthy information and experiences to decision-makers. This is in line with the most recent MMR analysis, studies, and suggestions on management issues that are very important for businesses and organisations and have a significant effect on the market.
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Smart Helmet Market Key players:
• Babaali
• Bell Helmets
• DAQRI
• Forcite Helmet Systems
• Livall Tech Co,Ltd.
• LUMOS HELMET
• Nand Logic
• Nexsys
• Sena Technologies
• Lifebeam Technologies Ltd.
• 360fly Inc.
• Fusar Technologies Inc.
• Daqri LLC
• JarvishInc
• JagerHelmX Smart Helmets.
• Qwake Tech Inc.
Key company and market share insights:
For the audience's advantage, the top rivals are highlighted here. The report looks at significant strategic choices that large companies make to keep their market-leading positions, including product portfolio strengthening, M&A, alliances, innovative, cutting-edge products, and international expansion. The report includes crucial financial data, fascinating insights, and the company's objectives. Users can also obtain information on the businesses' global sales, earnings, and profit margins from 2017 through 2022.
Smart Helmet Market Dynamics:
Smart helmets are equipped with sensors and additional mounted devices such as GPS guidelines, in-built headphones that collect data and information as well as assist users. Smart helmets are increasingly being used by motorcyclists and bicyclists, apart from their use by industrial workers and fire-fighters.
Increasing safety and security concerns along with the technological advancements in smart devices are strengthening the demand for smart helmets across the globe. It has been notified that motorcycles are considered as an economical convenience of mobility and head injury is the primary cause of death in motorcyclists. Increasing production of motorcycles coupled with the rising figures of accidental death by head injuries will further propel the demand for smart helmet market across the globe.
Smart Helmet Market Segment:
By types, the market is classified into full helmet, half helmet. The full helmet held 55% market share in 2020 and is expected to keep its dominance over forecast period on account of increasing penetration and adoption of smart helmets by bike riders. Additionally, increasing use of the product in adventure sports is expected to drive their adoption over the forecast period.
By end user, the consumer end user segment expected to hold 35% market share over forecast period owing to growing safety concerns coupled with rising sales of 2-wheelers. Smart helmet is an effective safety technology that helps enhance situational awareness and road safety. In the consumer segment, smart helmets are rapidly gaining popularity mainly due to the product features such as integrated communication systems, real-time navigation, and enhanced safety. Consumer end use segment is followed by Construction. Adoption of smart helmet technology in the construction industry is boosting the global smart helmet market. The helmets are featured with 360 degrees wireless camera, allowing a full view of worker surrounding.
Regional Analysis:
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Maximize Market Research provides B2B and B2C research on 12,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Bever
Dec 06, 2022
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