Smart Helmet Market Size To Reach $2,314.6 Million By 2030

 

The global Smart Helmet Market size is expected to reach USD 2,314.6 million by 2030, growing at a CAGR of 17.0% from 2023 to 2030, according to a new study by Grand View Research, Inc. The growing adoption of advanced wearable technology and government-imposed safety laws across the globe are the major factors driving the growth of the smart helmet industry. The increasing scope of smart helmets, to cover everything from providing safety and security with modular connectivity features to maintaining and recording the staff and workforce productivity in construction industries, is propelling the market's growth over the forecast period.

Smart helmet technology providers are actively developing innovative products and expanding their product portfolios. For instance, in April 2021, Sena Technology, Inc., a technology provider for motorcycle communications, announced the launch of Rumba, a multi-sport Bluetooth helmet. Rumba offers features such as a two-way Bluetooth intercom and smartphone pairing for GPS, phone calls, and music and is suitable for skaters and bicyclists. Such product launches are anticipated to harness the market’s growth over the forecast period.

Smart hard hats (helmets) also help enhance safety at construction sites and aid construction companies in monitoring the workers' work remotely. For instance, the GPS installed in these smart hard hats allows the managers to monitor every worker's activity and record the workers' attendance. Moreover, the smart hard hat also helps identify the task and the worker's position per their role, ultimately leading to proper management of the individually assigned work. Efficiency, security, and enhanced productivity offered by smart hard hats (helmets) are driving the market's growth.

The outbreak of the COVID-19 pandemic negatively impacted market growth during the initial phase of the pandemic, owing to the lockdowns imposed by governments. However, smart helmets proved to be an aid during the pandemic as the police and health officials across the globe started to use smart helmets that included thermal scanning features, which accurately scanned the temperature of a large number of people in a few seconds, to reduce the spread of the coronavirus, thus increasing the market demand for smart helmets. Furthermore, as the world recovers from the adversities of the pandemic, the demand for smart helmets is anticipated to increase further, contributing to the market’s growth.

Related Press Release@ Smart Helmet Market Report

Smart Helmet Market Report Highlights

• The navigation segment is expected to emerge as the fastest-growing segment over the forecast period owing to bike riders' increasing adoption of smart helmets for in-country and cross-country navigation
• The full face segment is expected to grow at a significant CAGR over the forecast period. The increased adoption of full-face smart helmets by motorcycle and cycle commuters due to superior safety features is expected to drive the segment's growth
• The consumer end-use segment is expected to gain traction over the forecast period owing to the increasing adoption of smart helmets in developed regions such as North America and Europe. Due to increased road traffic, two-wheelers are now being favored as the preferred mode of commute, which is expected to act as a major growth driver for smart helmets in these regions
• Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period owing to the increasing sales of two-wheelers and rapidly growing industrial and construction projects

Smart Helmet Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 770.6 million
Revenue forecast in 2030	USD 2,314.6 million
Growth rate	CAGR of 17.0% from 2023 to 2030
Base year of estimation	2022
Historical data	2017 - 2021
Forecast period	2023 - 2030

 

Related Reports@

Smart Lock Market

Smart Retail Market

Smart Helmet Market Segmentation

Grand View Research has segmented the global smart helmet market based on type, component, end-use, and region.

Smart Helmet Type Outlook (Revenue, USD Million, 2017 - 2030)

• Full Face
• Half Face
• Hard Hat

Smart Helmet Component Outlook (Revenue, USD Million, 2017 - 2030)

• Communication
• Navigation
• Camera
• Others (Audio Systems, Health Monitoring, Lighting, Safety Features)

Smart Helmet End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Consumer
• Manufacturing
• Construction
• Others (Healthcare, Mining, Disaster Prevention)

Smart Helmet Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Kingdom of Saudi Arabia (KSA)
• UAE
• South Africa

List of Key Players of the Smart Helmet Market

• Beijing BaBaALi Technology Co.Ltd
• Crosshelmet
• Bell Helmets
• Forcite Helmet Systems
• Intelligent Cranium Helmets LLC (ICH)
• JARVISH INC
• LIVALL Tech Co., Ltd.
• H&H Sports Protection USA, Inc. (TORC)
• Sena Technologies, Inc.
• Lumos Helmet US

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com