According to a new report, published by KBV research, The Global Smart Helmet Market size is expected to reach $1.8 billion by 2029, rising at a market growth of 17.2% CAGR during the forecast period.
The Manufacturing market is showcasing a CAGR of 19% during (2023 - 2029). Wearers of intelligent helmets are shielded against a variety of physical dangers in the manufacturing setting. Gas poisoning, suffocation, and gas explosions are just a few of the hazardous environmental conditions that workers in the manufacturing sector may experience. Consequently, in the manufacturing sector, air quality, as well as hazardous event detection, are crucial. Hazardous gases, including CH4, CO, and LPG, among others, may be detected and continuously monitored by smart helmets.
The Full Face market acquired the maximum revenue share in the Global Smart Helmet Market by Type in 2022 thereby, achieving a market value of $1.1 billion by 2029. Globally, numerous businesses are concentrating on creating full-face smart helmets with integrated Bluetooth communication technologies. Users can protect their heads from traffic risks or accidents by wearing a full-face helmet. The full-face helmet serves to fully protect against the wind and dirt reaching the eyes and perhaps blocking the view owing to its articulating face mask.
The Navigation market has shown the high growth rate of 17.4% during (2023 - 2029). The adoption of a Global Navigation Satellite System (GNSS) allows smart helmets to provide navigation, positioning, and tracking functionalities. In addition, they have built-in augmented reality (AR) technology, enabling the bike rider to look at the projected image regarding the route and other critical details on the helmet visor while keeping their full attention on the road. These characteristics simplify driving for motorcycle riders.
The North America market dominated the Global Smart Helmet Market by Region in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $711.3 million by 2029. The Europe market is experiencing a CAGR of 16.7% during (2023 - 2029). Additionally, The Asia Pacific market would exhibit a CAGR of 18.3% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/smart-helmet-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Borderless Incorporated (CrossHelmet), Vista Outdoor, Inc. (Bell Helmets), Forcite Helmet Systems Pty Ltd., Intelligent Cranium Helmets LLC, JARVISH, Inc., LIVALL Tech Co., Ltd., H&H Sports Protection USA, Inc., Sena Technologies, Inc. (Kakao Games Corp.), and Lumen Labs (HK) Ltd.
By End-use
By Type
By Component
By Geography
Companies Profiled