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The smart helmet market size is estimated to grow at a CAGR of 14.87% between 2023 and 2028. The market size is forecast to increase by USD 640.3 million. The growth of the market depends on several factors such as the increase in governmental schemes for manufacturing and supporting the production of smart helmets, the increase in the number of head injuries and fatalities, and the increasing number of smart city projects to drive the smart helmet growth.
The report offers extensive research analysis on the Smart Helmet Market, with a categorization based on Component, including communication, camera, navigation, and others. It further segments the market by Type, encompassing full face, half face, and hard hat. Additionally, the report provides geographical segmentation, covering North America, Europe, APAC, South America, and Middle East and Africa. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments.
Smart Helmet Market Forecast 2023-2027
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Our researchers studied the data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The purpose of the helmet is to reduce the risk of serious head injuries or force injuries. The policy changes implemented in the last few years to lower traffic accidents vary greatly amongst regions and nations. The risk of death is reduced by nearly 40% and the risk of serious injury is decreased by more than 70% when a motorcycle helmet is worn. The effectiveness of motorcycle helmets in reducing head trauma. The effectiveness of motorcycle helmets in reducing head trauma is partially attributed to the quality of the helmets.
Furthermore, expanded policy laws to promote the use of safety helmets have, in turn, given helmet manufacturers a number of incentives to develop advanced helmets. For instance, in June 2022, the World Health Organization provided the details that approximately 1.3 million people die each year due to road traffic crashes whose ages ranged from 5-29 years. Hence, the increase in the utilization of helmets and advancements in smart helmets can increase the growth of the market during the forecast period.
Smart helmets have sensors and other mounted tools that capture data and details and assist people. These helmets are equipped with GPS mapping devices and a video camera for user assistance. These helmets can be connected to the internet in order to perform a number of functions, including heart rate monitoring, GPS navigation, built-in headphones, and traffic monitoring if features have an inner coating that is reinforced in the event of an accident.
For example, in May 2022, Sena Technologies, Inc. launched their full-face smart helmet, which used advanced noise control technology and ideal speaker position which allows the riders to effortlessly listen to music via their smartphone as they offer Bluetooth 5.0 connectivity, 4-way Bluetooth intercom which were compatible with smartphones apps and integrated with speakers and microphones. Hence, technological advancements drive market growth during the forecast period.
The modern rider-assisted systems for motorcycle applications have made life easier for riders. The development in technology is increasing the satisfaction level of users across the world and driving the demand for mid-segment and premium motorcycles. However, these features can also lead to rider distraction, which can be hazardous. Hence, providing user satisfaction and, at the same time, avoiding driver distraction is a challenge for the vendors of connected helmets.
Furthermore, a few advanced connected helmets can display the name and number of the callers, which can help riders determine the emergency. However, the riders may use this feature in normal cases or may not recognize the urgency, which can lead to distraction. This created the need to balance user satisfaction and rider distraction for connected helmet vendors. Hence, the need for continuous innovation, along with the focus on keeping rider distraction in check, will impede market growth during the forecast period.
The communication segment is expected to grow significantly during the forecast period. The global market for smart helmets is divided into categories based on technology, including integrated video cameras, Bluetooth connectivity, signal indicators, brake functions, and integrated communication systems. There are many communication components in smart helmets, one of which is the integrated communication system component.
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The communication segment was valued at USD 166.12 million in 2018. Additionally, market players are developing ways to integrate sensors to measure emissions of air pollutants into the helmets. When significant levels of pollution are detected, these sensors cause the air purifier and conditioning fan to turn on, cleaning and cooling the air. Moreover, the helmets have renewable lithium-ion batteries installed, which enables longer periods of uninterrupted use. Thus, such factors will drive the growth of the global smart helmet market via the communication segment during the forecast period.
Based on type, the market has been segmented into full face, half face, and hard hat. The full face?segment will account for the largest share of this segment.?The full face smart helmet is a helmet that is made with a monocoque shell that always guarantees protection to both the head and the chin. These helmets are connected via a media device or smartphone using a cable or through Bluetooth. These helmets can be either wired or wireless. Therefore, integration of all these devices into a full face smart helmet becomes easier and trustworthy for consumers. Moreover, technological advancements in smart helmets are boosting growth as many consumers prefer safety concerns while riding as there are numerous accidents happening around the world. Thus, the full face smart helmet segment in the global smart helmet market is expected to witness growth during the forecast period.
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North America is estimated to contribute 40% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The US and Canada are the key markets in the North American smart helmet market. In addition, research and development activities are undertaken by helmet manufacturers in the North American region to ensure safety and are anticipated to drive the growth of the regional smart helmet market.
Furthermore, many technological advancements are providing intense competition between the market players. The growth of the regional market is attributed to the aforementioned product launches and the robust regional presence of key market players. Hence, the regional smart helmet market has been witnessing positive growth during the forecast period.
The outbreak of COVID-19 in 2020 had a negative impact on the smart helmet market in North America. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. In addition, owing to the successful lifting of lockdown-related restrictions, there has been a rising trend of bike racing observed in this region, which has led to an increase in demand for premium motorsport bikes in this region, which also helped helmet manufacturers manufacture smart helmets. Thus, such factors will foster the growth of the smart helmet market in North America during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Borderless Inc., Caberg Spa, Dainese Spa, Forcite Helmet Systems Pty Ltd., HJC Europe SARL, JARVISH Inc., KIDO Sports Co. Ltd., LIVALL Tech Co. Ltd., Locatelli Spa, MOMO Helmets, Nexxpro SA, Nolangroup Spa, OGK KABUTO Co. Ltd., Schuberth GmbH, Sena Technologies Inc., SHOEI Co. Ltd., SMK Helmets, Steelbird Hi Tech India Ltd., and SUOMY Motorsport Srl
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The smart helmet market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Smart Helmet Market Scope |
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Report Coverage |
Details |
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Page number |
154 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.87% |
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Market Growth 2024-2028 |
USD 640.3 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
12.94 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 40% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ARAI Helmet Ltd., Borderless Inc., Caberg Spa, Dainese Spa, Forcite Helmet Systems Pty Ltd., HJC Europe SARL, JARVISH Inc., KIDO Sports Co. Ltd., LIVALL Tech Co. Ltd., Locatelli Spa, MOMO Helmets, Nexxpro SA, Nolangroup Spa, OGK KABUTO Co. Ltd., Schuberth GmbH, Sena Technologies Inc., SHOEI Co. Ltd., SMK Helmets, Steelbird Hi Tech India Ltd., and SUOMY Motorsport Srl |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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