Smart Helmet Market

Smart Helmet Market Overview:

The global smart helmet market size reached US$ 869.3 Million in 2023. Looking forward, the market is expected to reach US$ 3,704.5 Million by 2032, exhibiting a growth rate (CAGR) of 17.37% during 2024-2032. There are numerous factors that are driving the market, which include the rising focus on maintaining rider safety, increasing need for hands-free communication options, higher cases of road accidents, and stringent safety norms in various industries.

Smart Helmet Market Analysis:

• Major Market Drivers: One of the key market drivers include the integration of advanced technologies. Moreover, there is an increase in investments and partnerships, which is acting as another growth-inducing factor.
• Key Market Trends: The rising focus on maintaining rider safety and the increasing need for hands-free communication options are main trends in the market.
• Geographical Trends: North America exhibits a clear dominance, accounting for the biggest market share due to high rates of road accidents.
• Competitive Landscape: Numerous market players in the smart helmet industry are Babaali, Forcite Helmet System Pty Ltd., Jarvish Inc., Livall Tech Co Ltd., Lumos Helmet, Nexsys. Co., Ltd., Sena Technologies Inc., among many others.
• Challenges and Opportunities: Safety and reliability concerns are a key market challenges. Nonetheless, expansion into new applications, along with the rising demand for customized features among individuals, is projected to overcome these challenges and offer market opportunities.
   

Smart Helmet Market Trends:

Rising Focus on Maintaining Rider Safety

The increasing awareness among riders and regulatory authorities about the importance of road safety is bolstering the market growth. Smart helmets not only provide enhanced safety features but also cater to the tech-savvy preferences of modern riders. Riders are increasingly expecting innovative features in their safety gear, including helmets. In addition, key players are focusing on unveiling helmets that offer enhanced safety features to individuals. For instance, on 10 April 2024, Ather Energy launched its new series of helmets called the Ather Halo smart helmet series, a game-changer that goes beyond just protection. The helmet prioritizes safety with top certifications, a protective shell, and internal padding. It also offers Bluetooth connectivity for automatic pairing, music or call management, and rider-pillion intercom.

Increasing Need for Hands-Free Communication Options

Steelbird Helmets introduced their fighter line of helmets with pin lock-70, anti-fog shield, and Bluetooth on May 20, 2024. These helmets come with a 5.2 smart Bluetooth headset with 48 hours of talk time and standby for 110 hours, as well as voice-activated navigation and an LED light blinker. Furthermore, using hands-free communication eliminates the need for individuals to take breaks to manually operate headsets or mobile devices in order to stay connected. This helps to improve safety by keeping one's attention on the road. Through smooth communication with others, hands-free communication helps to enhance the whole riding experience. This is especially helpful for group rides, as riders communicate with one another and plan routes without sacrificing safety.

Growing Cases of Road Accidents

Road accidents, especially those involving motorcycles and bicycles, usually result in serious injuries or fatalities on account of vulnerability of riders. Modern safety features included in smart helmets are impact sensors, airbags, and enhanced visibility tools like light-emitting diode (LED) lights and reflective materials. These features improve rider visibility, provide early warning systems, and can lessen the severity of injuries or completely eliminate accidents. There is a rise in the demand for safety solutions that offer proactive accident prevention and protection features. Furthermore, top market players are launching smart helmets that are beneficial in preventing accidents. For example, on 26 September 2023, Patna-based startup Takeward innovation introduced a range of smart helmets to prevent accidents and theft of bikes. The bike will not move unless an individual wear this smart helmet.

Smart Helmet Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on component, type, technology, and end user.

Breakup by Component:

• Communication
• Navigation
• Camera
• Others
   

Communication accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the component. This includes communication, navigation, camera, and others. According to the report, communication represented the largest segment.

The communication segment has various features like Bluetooth connectivity, intercom systems for rider-to-rider or rider-to-passenger communication, and integration with mobile devices for calls and music streaming. The rising demand for helmets that not only provide safety but also enhance convenience and connectivity while riding is bolstering the market growth. Modern riders increasingly value helmets that offer seamless communication options, allowing them to stay connected without compromising safety.

Breakup by Type:

• Full Face
• Half Face
• Hard Hat
   

Full face holds the largest share of the industry

A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes full face, half face, and hard hat. According to the report, full face accounted for the largest market share.

Full-face helmets offer complete protection by covering the entire head better than open-face or modular helmets. They give total protection from impact, debris, and weather conditions and come with a chin bar. Most riders prefer them because they give the maximum level of protection and have superior safety features. In many regions, full-face helmets are mandated or recommended by safety regulations on account of their proven ability to reduce injuries in accidents.

Breakup by Technology:

• Integrated Communication System
• Integrated Video Camera
• Contactless Temperature Measurement
• Bluetooth Connectivity
• Signal Indicator and Brake Function
• Others
   

Integrated communication system represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the technology. This includes integrated communication system, integrated video camera, contactless temperature measurement, Bluetooth connectivity, signal indicator and brake function, and others. According to the report, integrated communication system represented the largest segment.

The integrated communication system is built-in technology within smart helmets that facilitates communication between riders, passengers, and external devices. These systems have Bluetooth connectivity, intercom functionality, and integration with mobile phones or global positioning system (GPS) devices. Modern riders adopt helmets that have seamless communication capabilities and maintain safety on the road. Integrated communication systems offer improved convenience by enabling hands-free calls, music streaming, GPS navigation prompts, and communication with other riders in a group. Additionally, manufacturers are increasingly incorporating advanced communication technologies to meet user expectations.

Breakup by End User:

• Consumer
• Industrial
• Healthcare
• Construction
   

Consumer exhibits a clear dominance in the market 

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes consumer, industrial, healthcare, and construction. According to the report, consumer accounted for the largest market share.

The consumer segment includes individual riders who purchase smart helmets for personal use, whether for recreational motorcycling, commuting, or other personal transportation needs. These consumers place a high value on convenience, security, style, and cutting-edge technologies like augmented reality (AR) screens or integrated communication systems. When selecting a helmet, consumers are becoming more and more concerned with safety aspects such as adherence to safety regulations and certifications. Consumers who are concerned about safety are drawn to smart helmets because they provide improved safety features including impact sensors, integrated emergency communication systems, and improved visibility aids.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America leads the market, accounting for the largest smart helmet market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represents the largest regional market for smart helmet.

According to Forbes, more than 44,000 lives were lost in traffic crashes in the United States in 2023. The rising number of road accidents in the North America region is catalyzing the demand for smart helmets. Smart helmets, with their integration of communication systems, safety sensors, and other smart features, appeal to tech-savvy individuals in this region. Besides this, stringent safety regulations in the North America region, especially concerning motorcycle and bicycle safety, encourage the adoption of helmets that offer enhanced protection and compliance with safety standards. Smart helmets often exceed traditional helmet standards and provide enhanced user safety.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the smart helmet industry include Babaali, Forcite Helmet System Pty Ltd., Jarvish Inc., Livall Tech Co Ltd., Lumos Helmet, Nexsys. Co., Ltd., and Sena Technologies Inc.
  
  (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
   
• Top players in the market are investing heavily in research and development (R&D) activities to innovate new technologies for smart helmets. This includes advancements in integrated communication systems, AR, and virtual reality (VR) features, sensor technologies for safety monitoring, and enhanced comfort and usability. They are focusing on improving the materials used in helmets to enhance safety without compromising comfort. They are also engaging in collaboration with technology firms, communication companies, and software developers to integrate cutting-edge technologies into smart helmets. For instance, on 16 January 2024, GoPro, Inc. announced an agreement to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. GoPro intends to accelerate Forcite's vision to provide a safer and more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over time.

Smart Helmet Market News:

• 4 March 2023: TVS launched the Smart Xonnect S10X and S20X helmet communication devices on the second day of MotoSoul 2023 in Goa. The two helmet-mounted communication devices offer a host of functions.
• 9 March 2023: Hedkayse announced that it will integrate twlCEme smart technology into its foldable helmets. Hedkayse's helmets can protect against multiple impacts. The Enkays liner material is designed and engineered to provide the same levels of protection as traditional cycle helmets. TwlCEme enables access to safety information for first responders by tapping the twlCEme symbol on the helmet with a smartphone.
• 23 February 2023: MapmyIndia unveiled its new collection of Mappls Gadgets, which includes Vehicle GPS trackers, Dash Cameras, In-Dash Navitainment Systems, and Smart Helmet Kits for cars and two-wheelers.

Smart Helmet Market Report Scope:

Key Questions Answered in This Report:

• How has the global smart helmet market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global market?
• What is the impact of each driver, restraint, and opportunity on the global market?
• What are the key regional markets?
• Which countries represent the most attractive market?
• What is the breakup of the market based on the component?
• Which is the most attractive component in the market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the market?
• What is the breakup of the market based on the technology?
• Which is the most attractive technology in the market?
• What is the breakup of the market based on the end user?
• Which is the most attractive end user in the market?
• What is the competitive structure of the market?
• Who are the key players/companies in the global smart helmet market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the smart helmet industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.