The North America Smart Helmet Market would witness market growth of 15.9% CAGR during the forecast period (2023-2029).
In the event of an accident, the smart helmet transmits a message using Global System for Mobile Communications (GSM) and provides a location using a Global Positioning System (GPS) module. The most notable aspect of this project is the fall detection system, which sounds an alarm whenever the rider is dismounted from the bicycle. Because of developments in numerous technical engineering fields, demand within the market is anticipated to rise.
Although the fundamental objective of intelligent helmets is to improve rider safety, these helmets have also found applications in a variety of other technical domains. The ability of site engineers to access 3D photos and landscape maps through smart helmets has been crucial to the market's expansion. In addition, geologists who evaluate hazardous terrain may also wear smart helmets.
In 2021, 5,932 motorcycle fatalities were reported by the National Highway Traffic Safety Administration (NHTSA), a U.S. Department of Transportation agency department. Speeding, distracted driving, intoxication by alcohol or drugs, and poor lane usage were the most frequent causes of motorcycle accidents. Helmets effectively reduce fatal injuries to riders and passengers by 37%, according to the National Highway Traffic Safety Administration (NHTSA).
Due to its high spending income, growing population, and strict regulations, North America favors the adoption of smart helmets. In addition, Personal Protective Equipment (PPE) at Work Regulations and other safety standards, such as those set by the Occupational Safety and Health Administration of the U.S. Department of Labor, is predicted to further increase the demand for helmets. Throughout the forecast period, it is anticipated that the market expansion will be driven by government regulations to ensure road safety.
The US market dominated the North America Smart Helmet Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $513.2 million by 2029. The Canada market is showcasing a CAGR of 18.6% during (2023 - 2029). Additionally, The Mexico market would experience a CAGR of 17.5% 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 U.S., Mexico, Canada, and Rest of North America.
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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