increasing on-road accidents due to distracted riding is driving the Motorcycle Helmet Heads-Up Display Market
Technavio analyzes that the Motorcycle Helmet Heads-Up Display Market is expected to grow at a CAGR of 10.48% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 11961 thousand.There are various factors that contribute to the growth of the market. The motorcycle helmet heads-up display market is experiencing significant growth due to the increasing number of road accidents caused by distracted riding. These devices project essential information directly onto the rider's helmet visor, allowing them to keep their focus on the road. By providing real-time data on speed, navigation, and other critical information, helmet-mounted displays can help reduce distractions and enhance rider safety. The market for these innovative technologies is expected to expand as more riders prioritize safety and convenience on the road.
In the high-performance motorcycle market, helmet manufacturers catering to the racing professional segment are integrating Heads-Up Display (HUD) systems into their motorcycle helmets. BMW Motorrad and Crosshelmet are leading innovators in this space. These advanced helmets offer riders vital information, including speed, phone charging status, and safety mechanisms, via augmented reality (AR) or virtual reality (VR) displays. HUD systems are integrated into the helmet visor, providing real-time data without the need for riders to divert their attention from the road. Additionally, these helmets come equipped with certified armor for enhanced rider safety. The expanding racing professional segment, driven by increasing socio-economic conditions and rising household disposable income, is expected to fuel market growth in both developed and developing economies during the forecast period.
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Motorcycle Helmet Heads-Up Display Market Segmentation
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The Motorcycle Helmet Heads-Up Display (HUD) market is experiencing significant growth due to the increasing sales of luxury motorcycles and the integration of advanced technologies such as navigation and communication functions. Connected motorcycles, like those from REYEDR, offer smartphone app integration, speed, and caller ID displays on transparent helmet visors. Riders seek convenience and enhanced safety features, including augmented reality experiences and customizable data focused on their preferences. Economic, social, and political factors influence market trends, with a focus on critical information, smart connectivity, and rider safety.
The global automotive parts and equipment market encompasses businesses producing components and accessories for various vehicle types, including luxury motorcycles. Key trends in this sector include the integration of advanced technologies such as heads-up displays (HUDs) for motorcycle helmets, offering features like navigation, communication functions, and connected motorcycles through systems like REYEDR and smartphone apps. These innovations cater to the rising demand for enhanced safety and convenience in motorcycling. The market's growth is driven by the surge in sales of motorcycles and the increasing implementation of electronic components, such as speed sensors, caller ID, and audio alerts, in these vehicles. Technavio projects that the global automotive components and equipment market will experience significant expansion due to the increasing adoption of electronic control units (ECUs) and other electrical components in the automotive industry, with a focus on motorcycles, electric vehicles, and passenger cars.. 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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