The Asia Pacific Smart Helmet Market would witness market growth of 18.3% CAGR during the forecast period (2023-2029).
When driving or working on construction sites, these helmets provide more protection for users. The latest generation of smart helmets includes a variety of high-tech capabilities, including GPS, health monitoring (like skin temperature monitoring), map navigation, sensor data collecting, humidity check, air quality check, live streaming camera, and connected devices, among others. The biggest players in the market are introducing cutting-edge products with ground-breaking features. Thousands of lives have reportedly been saved because of the use of helmets.
The largest smart helmet application category is in the industrial sector. They are utilized in a variety of settings, including the industrial, mining, and construction sectors. When working at heights or in a dangerous environment, smart helmets assist workers in staying safe. These helmets come with features like video recording, augmented reality (AR), and communication capabilities with other workers, as well as noise-canceling technology that can reduce sound levels by up to 26 dB. They also have a heads-up display (HUD) that allows users to view information in real-time while keeping their hands on work tools. These qualities increase a worker's productivity and safety on the job site.
According to the 2017 census, motorcycle riders without helmets account for 21095 road fatalities in India. Therefore, headgear safety must be met in accordance with Section 129 of the Motor Vehicle Act of 1989. By implementing anti-drunk driving laws, the Australian government has been effective in cutting the number of traffic accidents significantly. In addition, most countries have laws requiring motorcycle riders to wear helmets. It is anticipated that the government's role in enhancing road traffic conditions through the implementation of rules, the construction of better roads, and the promotion of awareness regarding the dangers of drunk driving will increase the adoption of helmets. This, in turn, will propel the growth of the regional market.
The China market dominated the Asia Pacific Smart Helmet Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $129.8 million by 2029. The Japan market is poised to grow at a CAGR of 17.6% during (2023 - 2029). Additionally, The India market would witness a CAGR of 19% during (2023 - 2029).
Based on End-use, the market is segmented into Consumer, Manufacturing, Construction and Others. Based on Type, the market is segmented into Full Face, Half Face and Hard Hat. Based on Component, the market is segmented into Communication, Navigation, Cameras and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Smart Helmet Market is Projected to reach USD 1.8 Billion by 2029, at a CAGR of 17.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Borderless Incorporated (CrossHelmet), Vista Outdoor, Inc. (Bell Helmets), Forcite Helmet Systems Pty Ltd., Intelligent Cranium Helmets LLC, JARVISH, Inc., LIVALL Tech Co., Ltd., H&H Sports Protection USA, Inc., Sena Technologies, Inc. (Kakao Games Corp.), and Lumen Labs (HK) Ltd.
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