The size of the world market for smart helmets was USD 401.4 million in 2019 and is anticipated to grow to USD 1,134.9 million by 2027, with a CAGR of 13.8% during the forecast period.

The World Health Organization (WHO) reported that road accidents cause nearly 1.3 million fatalities and 30–40 million serious injuries each year, many of which result in permanent disability. According to reports, wearing a helmet can reduce serious accidents involving motorcycle riders by 37%. As of 2017, 1,872 lives were saved thanks to the use of motorcycle helmets, according to the National Highway Safety Administration (NHTSA). Since 2002, more than 25,000 lives have been saved. Some of the factors driving the growth of the market are an increase in the sales of two-wheeler bikes, particularly in middle-class families, and consumers' shifting preferences for the enhanced protection and comfort offered by these types of helmets. Government regulations requiring the use of helmets while driving, along with rising predictions of tragic head injury deaths, will only serve to increase demand for these helmets globally.

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DEMANDING INDUSTRY PLAYERS

Due to anticipated advancements in cutting-edge technologies, market leaders like DAQRI, Forcite Helmet Systems, Sena Technologies, Inc., and others are introducing novel products. The other major market players, on the other hand, are forming strategic alliances with several other players to improve their competitiveness and produce effective brand advertising. To diversify their product offerings and strengthen their market positions, leading companies are integrating cutting-edge technologies like virtual reality (VR), the Internet of things (IoT), and others. For example,

The companies that follow are a few of the major businesses profiled: 

• Sena Technologies, Inc. (California, United States)
• DAQRI (California, United States)
• Forcite Helmet Systems (Sydney, Australia)
• LIVALL (Shenzhen, China)
• BELL SPORTS INC. (Illinois, United States)
• JARVISH INC. (Taipei, Taiwan)
• TORC HELMETS (California, United States)
• LUMOS HELMET (Kuala Lumpur, Malaysia)
• Nexsys. Co., Ltd. (Gyeonggi-do, Korea)
• 360fly, Inc. (Canonsburg, United States)

The "Smart Helmet Market Report 2030" from Fortune Business Insights is an in-depth overview of the market that covers over 60 geographies and provides high-level market segmentation for each one. The market in each geography is examined, along with market size by region and country, in the section on regional and national breakdowns. Additionally, it assesses the market's past and anticipated growth and highlights important trends and corporate expansion tactics.

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SCOPE AND SEGMENTATION ASSOCIATED WITH THE REPORT

By Type: 

• Full-face
• Open-face
• Half-head

By End-user: 

• Consumer
• Industrial
• Healthcare
• Construction

By Region

• (The United States and Canada)
• Europe (the United Kingdom, Germany, France, Italy, and the rest of the continent)
• Asia-Pacific (including Southeast Asia, China, India, Japan, and the rest of the region)
• Latin America (including Brazil, Mexico, and the remainder of the region)
• South Africa, the Gulf Cooperation Council, and the rest of the Middle East and Africa

The study examines several crucial elements to comprehend the market, such as the most recent market dynamics, growth potential, and development trends, as well as market challenges, development threats, and risk factors. The information is easy to understand thanks to this comprehensive market overview. In addition to offering both short- and long-term market forecasts, the study also provides an analytical stance on the pertinent global market sector.

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What insights does the Smart Helmet Market report provide to readers?

• Smart Helmet Market Fragmentation Based on Product Type, End User, and Region
• Comprehensive assessment of upstream starting materials, downstream demand, and the present market landscape.
• Collaborations, RD projects, acquisitions, and product launches of each Smart Helmet Market player
• The various rules governments have placed on using the Smart Helmet Market are described in detail. 

The inspirations for investing in this report

• The research provides a detailed market overview by defining, describing, and classifying it.
• The study includes the SWOT analysis and business plans of each vendor in the industry.
• The report provides in-depth analyses of current market trends, trend forecasts, and growth drivers.
• The study thoroughly analyzes the business's competitive landscape and significant market strategies.

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