Latest News - Automotive Smart Helmet Market: Full helmet is expected to lead the Type segment during 2024-2028

The Automotive Smart Helmet Market is being driven by Increased use of electronic components in the automotive industry and its applications

The Automotive Smart Helmet Market is expected to grow at a CAGR of 4.83% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 85.8 million. The automotive smart helmet market is experiencing early growth, driven by a conducive business environment. Key players, including Sena Technologies and Schuberth, have established a significant presence in this emerging sector. Notably, Bayerische Motoren Werke AG's entry into the market is fostering innovation and competition. Existing and new vendors are developing distinctive features to gain a competitive edge. Unfortunately, Skully exited the market due to challenges related to founder ineffectiveness in fulfilling orders. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Full helmet
  • Half helmet
• Geography
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
  • APAC
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased use of electronic components in the automotive industry and its applications
• Stringent government rules
• Increasing number of accidents

However, the market also witnesses some limitations, which are as follows:

• Expensive helmet HUD technology
• Potential driver distractions due to inbuilt music systems
• Multi-information display may potentially lead to driver distraction

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Market Scope in Automotive Smart Helmet Market Research Report

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Research Analysis Overview

The Automotive Smart Helmet market is witnessing significant development activities to address the operational risks and enhance road safety for motorcycle riders. Smart helmets, integrated with advanced electronic devices, offer features such as Bluetooth Intercom, microphones, and integrated speakers for enhanced communication. HarmonyOS, a new operating system, is being adopted to ensure smartphone app compatibility and seamless connectivity. Moreover, smart helmets come with Bluetooth 5 technology, enabling real-time data transfer and interconnected devices. Live streaming cameras, air quality checks, humidity checks, and sensor data collection are some of the advanced features that provide riders with essential information for their safety. Health monitoring, map navigation, and GPS are other features that make smart helmets a must-have for motorcycle enthusiasts. However, the adoption of smart helmets comes with security concerns, as they collect sensitive data. Road safety regulations are being formulated to address these concerns and ensure the safe use of smart helmets. With features like Bluetooth Intercom, real-time data, and sensors, smart helmets are set to revolutionize the motorcycle riding experience. Overall, the market for automotive smart helmets is poised for growth, offering a range of benefits to riders beyond traditional protective gear.

Market Research Overview

The global leisure products market, a segment of the larger household durables industry, encompasses categories such as sports equipment, musical instruments, camping gear, recreational vehicles, bicycles, toys, and other consumer-focused games. According to Technavio, the household durables market size is determined by the consolidated revenue generated by manufacturers of household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. Factors driving the growth of this market include the surge in health and fitness club memberships, with both membership numbers and clubs themselves experiencing significant expansion due to the burgeoning health and fitness industry. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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