Market Overview
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.
Report Analysis
According to the research report, “Smart 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 2025” 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.
Segments
By Products
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.
By End-Users
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.
By Geography
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.
Future Outlook
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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Related Reports:-
Global Smart Helmet Market 2020 by Manufacturers,
Regions, Type and Application, Forecast to 2025
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