Global Smart Helmet Market Size is estimated to expand rapidly in coming years, at a CAGR of 9.8 % from 2018 to 2025. In 2017, the global market valuation was USD 6.05 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Smart wearables are the devices which are worn on the body as an accessory or as a part of clothing. Such smart devices help to initiate data sharing between network and device and allows riders to effortlessly take calls and listen to the music through their phone. Smart helmets are embedded with sensors and additional devices which are used to collect data and information. This data in interpreted to assist users. Increasing safety and security concerns along with the technological advancements in smart devices is increasing the global demand of smart helmets. The smart helmet is manufactured of an inner layer of a smart material which get hard in an accidental situation and it is also mounted with an idea of sending an emergency message to friends and family in emergency situations with a single press. According to the research, North America is expected to be the highest growing region in the global market of smart helmet.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global smart helmet market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global smart helmet market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By User Type Insights: On the basis of user type, global smart helmet market has been segmented into motorcycle and bicycle, industrial, and firefighting. Amongst which smart helmets are increasingly used by motorcyclists and bicyclists. Smart helmet consist of action cameras and GPS navigation systems which are helpful for industrial workers and firefighters. Smart helmets are used to protect cyclists from occurring head injury. These helmets are powered by augmented reality and a robust sensor package. Increasing figures of deaths caused by head injuries during driving is expected to be propel the demand of smart helmet market in forecast period. Adoption of smart helmets in construction industry will decrease the rate of death caused by head injuries.
The smart helmet market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region North America is expected to witness high growth in upcoming time span due to increasing safety and security concerns across the region. In American countries, primarily in U.S and Canada, an increasing number of cyclists and bicyclist has been witnessed, which will impact the global market in forecast period. Asia Pacific region is expected to witness high growth in the market in the forecast period. Low cost of raw material is key points for boosting the market in Asia Pacific region. Growing manufacturing companies from China and Japan are introducing lighter weight smart helmets which are manufactured by advanced material combination of fiber and reinforced plastic, which will increase the demand of smart helmets in forecast period. Europe is anticipated to dominate the global smart helmet market over the projected period majorly owing to high consumer awareness, better technological connectivity and highly cost-effective business strategies. Smart helmet market in Latin America and Middle East and Africa are also projected to witness positive growth during the forecast period.
Global Smart Helmet Market Size, Share Analysis by Region 2017
Global Smart Helmet Market Study Objective
1. To forecast the market size of smart helmet market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of smart helmet market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of smart helmet market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of smart helmet market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the smart helmet market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Nand Logic Corp, Forcite Helmet System Pvt. Ltd., Lifebeam Technologies Ltd., 360fly Inc., Fusar Technologies Inc., Daqri LLC, Sena Technologies Inc, Jarvish Inc, Jager HelmX Smart Helmets, and Babaali are some of the key players in the market of Smart Helmet.
Global Smart Helmet Market Study Report Offer You!
The global Smart Helmet Market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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