Smart Helmet Market Overview:
The Smart Helmet Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Smart Helmet Market, as well as the causes for variances in the industry’s growth in different regions.
The Smart Helmet Market was valued US$ 629.85 Mn in 2021 and is expected to reach US$ 2603.53 Mn by 2029 at a CAGR of 19.41 % over the forecast period 2022-2029.
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Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
By types, the market is classified into full helmet, half helmet. The full helmet held 55% market share in 2021 and is expected to keep its dominance over forecast period on account of increasing penetration and adoption of smart helmets by bike riders. Additionally, increasing use of the product in adventure sports is expected to drive their adoption over the forecast period.
By end user, the consumer end user segment expected to hold 35% market share over forecast period owing to growing safety concerns coupled with rising sales of 2-wheelers. 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 the product features such as integrated communication systems, real-time navigation, and enhanced safety. Consumer end use segment is followed by Construction. Adoption of smart helmet technology in the construction industry is boosting the global smart helmet market. The helmets are featured with 360 degrees wireless camera, allowing a full view of worker surrounding.
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• The biggest players in the Smart Helmet Market are as follows:
• Babaali
• Bell Helmets
• DAQRI
• Forcite Helmet Systems
• Livall Tech Co,Ltd.
• LUMOS HELMET
• Nand Logic
• Nexsys
• Sena Technologies
• Lifebeam Technologies Ltd.
• 360fly Inc.
• Fusar Technologies Inc.
• Daqri LLC
• JarvishInc
• JagerHelmX Smart Helmets.
• Qwake Tech Inc.
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Smart Helmet Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Smart Helmet Market:
End-user industries where Smart Helmet Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Smart Helmet Market manufacturers, influencing the development of the Smart Helmet Market in 2020. End-user business demand for Smart Helmet Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Smart Helmet Market Report are:
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In 2021, which segment held the highest proportion of the Smart Helmet Market?
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What is the Smart Helmet Market’s competitive landscape?
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What are the primary drivers assisting the Smart Helmet Market growth?
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Which region has the most market share in the Smart Helmet Market?
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What will be the Smart Helmet Market’s CAGR throughout the projected period?
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