Smart Helmet Market Size, Share & Trends Analysis Report By Type (Full Face, Half Face, Hard Hat), By Component (Communication, Navigation, Camera), By End Use, By Region, And Segment Forecasts, 2019 - 2025

Report Overview

The global smart helmet market size was valued at USD 372.4 million in 2018 and is expected to expand at a CAGR of 18.6% from 2019 to 2025. Smart helmets include multiple electronic devices and sensors that help users to gather real-time data and assist them in reducing operational risks and improving safety in the long run.

These helmets are rapidly gaining popularity among bicyclists and motorcyclists for enhanced security, safety, and comfort. They are also being widely used in various sporting events as well as for military and firefighting purposes. Factors such as stringent road safety regulations laid down by governments, growing adoption of advanced wearable technology, and awareness regarding personal safety are expected to drive the demand.

Increased focus on reducing the use of mobile phones while riding has created a major opportunity for the development and commercialization of innovative, feature-rich, and advanced smart helmets. Growing product adoption by bike riders coupled with increasing sales of motorbikes is anticipated to create significant growth opportunities for the market in near future.

Key market players are also actively focusing on product innovations and improvement strategies. For instance, companies are using impact detection sensors with carbon fiber and re-enforced fiberglass for weight reduction, enhanced connectivity, and real-time transfer of information.

The integration of video recording cameras and advanced sensors, such as optical heart-rate sensors and accelerometers, has enabled users to effectively monitor their vital statistics and surroundings. However, the high price of smart helmets, high investments in product research and development, concerns regarding vision distraction, and lack of awareness regarding the benefits and safety features are some of the major factors that may hinder the growth of the smart helmet market over the forecast period. To overcome these challenges, manufacturers are focusing on raising awareness about the functionalities of smart helmets through various forms of digital media.

Type Insights

Based on types, the market has been classified into the full face, half face, and hard hat. The full-face helmet currently dominates the global market and is expected to emerge as the fastest-growing segment over the forecast period. It accounted for approximately 57.1% of the global market share in 2018, on account of increasing penetration and adoption of smart helmets by bike riders. Additionally, increasing the use of the product in adventure sports is expected to drive their adoption over the forecast period.

The hard hat segment is expected to witness significant growth over the forecast period owing to the increasing demand in industrial manufacturing, mining, and construction industries in North America and Europe. The core features of smart hard hats used in the manufacturing and mining sectors include the identification of harmful gas leakages, real-time location tracking, and analysis of health vitals of users. The objective of these helmets is to ensure enhanced safety for workers operating in challenging environments.

Component Insights

Based on components, the market has been classified into communication, navigation, camera, and others. The communication segment accounted for a major market share in 2018. However, the navigation segment is expected to emerge as the fastest-growing segment over the forecast period. Smart helmets offer features such as navigation, positioning, and tracking with the use of Global Navigation Satellite System (GNSS).

To help riders keep track of their blind spots, companies are integrating wide-angle High Definition (HD) cameras on the rear of the unit to provide a live rear-view vision of the road on a small thumb-sized eyepiece known as Head-Up Display (HUD). The HUD also displays GPS-enabled navigation maps, which negates the need for riders to use their phones for navigation purposes. This enables them to stay focused on the road and prevent distractions. The HUD also displays information such as fuel level status, weather conditions, and bike speed.

Smart helmets include an integrated Bluetooth technology-based audio system that enables riders to answer phone calls on the go. Companies are also working on installing sensors into the helmets to identify air pollution level. On the detection of high air pollution levels, these sensors activate the air purifier and cooling fan to filter and cool the air. Besides, the helmets have integrated rechargeable lithium-ion batteries to enable uninterrupted operations for a longer duration. Companies such as Intelligent Cranium Helmets LLC are also working on developing charge on-the-go technology to provide enhanced operating convenience to users.

End-Use Insights

Based on end-use, the market has been categorized into consumer, manufacturing, construction, and others. The consumer end-use segment accounted for a significant market share in 2018 and is also expected to continue leading the market over the forecast period owing to growing safety concerns coupled with rising sales of 2-wheelers.

A 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 product features such as integrated communication systems, real-time navigation, and enhanced safety.

Smart helmets are also witnessing increased adoption by cyclists for monitoring workout, tracking calorie consumption, and measuring the heart rate. They have the capability of connecting to smartphones via Bluetooth to monitor and analyze the statistics. Rising awareness regarding road safety and adoption of next-generation technologies such as Augmented Reality (AR) in the manufacturing industry is expected to drive demand in end-use verticals such as manufacturing, construction, and energy sectors over the forecast period.

Regional Insights

North America is currently leading the market on account of high disposable income, increased awareness, and stringent regulations. Safety standards such as the United States Department of Labor - Occupational Safety and Health Administration standards and Personal Protective Equipment (PPE) at work regulations are anticipated to further boost the growth. The U.S. and Europe markets are relatively mature and consumers in these regions tend to be the early adopters of emerging technologies. As a result, the regional markets are expected to witness higher product demand as well as hold major market shares.

Meanwhile, Asia Pacific is expected to emerge as the fastest-growing regional market for smart helmets over the forecast period. Increasing sales of two-wheelers, rapid urbanization in developing economies such as India and China and the growing manufacturing sector in the region are expected to be the major growth drivers for the regional market.

Key Companies & Market Share Insights

Key market players include Nand Logic Corp.; Lifebeam Technologies Ltd.; Forcite Helmet System Pvt. Ltd.; Fusar Technologies Inc.; 360fly Inc.; Daqri LLC; Jarvish Inc.; Sena Technologies Inc.; Babaali; and Jager HelmX Smart Helmets.

Companies are focusing on enhancing the functionalities of smart helmets through product innovation, development of integrated communication, and navigation solutions in an attempt to meet customer expectations. The market is currently in the introduction phase and emerging players are concentrating on integrating multiple next-generation technologies such as Head-Up-Display (HUD), sensor integration, Augmented Reality (AR), and Internet of Things (IoT) to expand their product portfolio, customer base, and geographical presence.

Companies such as Sena Technologies Inc.; Fusar Technologies Inc.; and Daqri LLC have gained major market shares owing to their strong and innovative R&D capabilities. These companies mainly focus on product innovations and the development of a well-established global network of partners in various countries such as the U.S., India, China, and Brazil.

Smart Helmet Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2025. For this study, Grand View Research has segmented the global smart helmet market report based on type, component, end-use, and region:

• Type Outlook (Revenue, USD Million, 2017 - 2025)

  • Full Face

  • Half Face

  • Hard Hat

• Component Outlook (Revenue, USD Million, 2017 - 2025)

  • Communication

  • Navigation

  • Camera

  • Others

• End-Use Outlook (Revenue, USD Million, 2017 - 2025)

  • Consumer

  • Manufacturing

  • Construction

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

  • Middle East & Africa