Latest News- Smart Helmet Market: Communication is expected to lead the Component segment during 2024-2028

The Smart Helmet Market is being driven by Increase in governmental schemes for manufacturing and supporting the production of smart helmet

The Smart Helmet Market is expected to grow at a CAGR of 14.87% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 640.3 million. Smart helmets are essential protective gear outfitted with advanced sensors and tools, catering to various industries and individuals. Primarily adopted by motorcyclists and cyclists, these helmets have expanded their reach to firefighters and construction workers. Equipped with GPS mapping devices and video cameras, they offer user assistance and real-time data capture. Connectivity to the internet enables additional features such as heart rate monitoring, GPS navigation, built-in headphones, and traffic alerts. An inner coating reinforces safety measures, including emergency contact notifications with a single button press. These helmets epitomize innovation and safety, ensuring users remain informed and protected. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

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

• Increase in governmental schemes for manufacturing and supporting the production of smart helmet
• Increase in the number of head injuries and fatalities
• Increasing smart city projects to drive the smart helmet growth

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

• Possible distractions for drivers brought on by linked technologies
• Power consumption and battery life in smart helmet
• High cost associated with smart helmet

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Market Scope in Smart Helmet Market Research Report

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Research Analysis Overview

The Smart Helmet Market caters to various industries, including construction, manufacturing, sports, and motorcycling, with advanced features such as GPS navigation, map guidance, health monitoring (skin temperature), sensor data collection, and communication systems. These helmets are designed for workers, firefighters, motorcyclists, and athletes, prioritizing safety with real-time data analysis, head injury protection, and integrated video cameras. Additionally, they offer features like live streaming cameras, contact lists, and brake function alerts to enhance user experience. Sensors and cameras work together to monitor conditions, while communication systems ensure safety during emergencies. These smart helmets aim to prevent tragic deaths and accidents involving bicycles, motorcycles, and cars by providing real-time information and advanced safety features.

Market Research Overview

The smart helmet market is a segment of the larger diversified support services market, as classified by Technavio within the global commercial services and supplies industry. This market encompasses businesses offering labor-oriented services to corporations and governments. The smart helmet market specifically includes companies providing advanced helmets equipped with features such as GPS navigation, health monitoring, skin temperature sensors, and live streaming cameras for various industries, including construction, firefighting, motorcycling, and bicycling. These innovative helmets also incorporate GPS mapping devices and traffic monitoring capabilities. The global commercial services and supplies market size is determined by Technavio based on the consolidated revenue generated from commercial printing, environmental and facilities services, office services and supplies, security and alarm services, and diversified support services, including the smart helmet sector.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/