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Global Smart Helmet Market to Grow at a CAGR of 16.07% During the Period 2017 - 2021; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Smart Helmet Market 2017 - 2021” research report to their website


Lewes, DE -- (SBWIRE) -- 01/18/2018 -- Report forecast the global smart helmet market to grow at a CAGR of 16.07% during the period 2017-2021.

Smart helmets are embedded with sensors and additional mounted devices that collect data and information as well as assist users. Smart helmets are increasingly being used by motorcyclists and bicyclists, apart from their use by industrial workers and firefighters. Smart helmets consist of action cameras and GPS navigation systems that assist users.

Smart helmets are used to protect users from any head injury. These helmets are powered by augmented reality and a robust sensor package. Smart helmets enhance situational awareness and improve efficiency by offering more information to users.

The report covers the present scenario and the growth prospects of the global smart helmet market for 2017-2021 . To calculate the market size, the report considers the demand for smart helmets in the form of equipment and software solutions.

The market is divided into the following segments based on geography:
- Americas

According to the report, one of the major drivers for this market is Increase in number of accidents. There has been a substantial increase in the number of motorcycle production over the past decade. For instance, in the US, the motorcycle production increased by 75% between 2006 and 2016. There has also been an increase in bicycle activities across the globe.

Further, the report states that one of the major factors hindering the growth of this market is High cost and trade-off on ROI. For an organization or an individual, purchasing smart helmets is an expensive affair. Owing to government regulations, with regard to safety of employees, employers are focused on adhering to the regulations on the provision of PPE, without paying heed to its appropriate use and functionality. Therefore, the functionality of the equipment becomes a major concern. The challenge is to ensure product quality with respect to safety and functionality while limiting the cost. When it comes to PPE, including product costs entail several factors such as purchase price, maintenance cost, and service life. Therefore, using expensive equipment that provides assured quality and functionality will cost the buyer less in the long run. PPE manufacturers are looking for ways to improve health and safety of workers without increasing significantly production costs.

Global Smart Helmet Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global smart helmet market: Babaali, Bell Helmets, DAQRI, Forcite Helmet Systems, JARVISH, LIVALL, LUMOS HELMET, Nand Logic, Nexsys, and Sena Technologies

Other Prominent Vendors in the market are: FUSAR, GE, Honeywell, and Qwake.

Market driver
- Increase in number of accidents
- For a full, detailed list, view our report

Market challenge
- High cost and trade-off on ROI
- For a full, detailed list, view our report

Market trend
- Augmented use of smart wearables
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 79 pages "Global Smart Helmet Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Segmentation By End-User, Regional Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor Landscape, Key Vendor Analysis, Appendix.

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