ICT & Electronics Smart Helmet Market | Page 2

“Smart Helmet Market: Global Demand Analysis & Opportunity
Outlook 2024”
The global smart helmet market is segmented into product such as full helmet,
half helmet and smart hard hat. Among these segments, full helmet segment is
expected to occupy the top position in the market. The rise of the full helmet
segment is backed by efficient design and integration of leading motorcycle
communication technology. Moreover, increasing sale of motorcycles across the
globe is anticipated to foster the growth of the market.
Global smart helmet market is expected to grow at a considerable CAGR over the
forecast period. Moreover, the global smart helmet market is anticipated to
showcase significant revenue growth by the end of 2024. The market is expected
to expand on the back of rising safety and security concerns.
The motorcycle bluetooth communication system segment by accessories is
estimated to attain high growth during the forecast period. Moreover, the
motorcycle bluetooth communication system segment is expected to account for
the largest share of revenue across the globe. Factors such as high prevalence of
accidents while talking through mobile phones are expected to propel the growth
of this segment.
Rising Safety and Security Concerns
Rising figures of accidental death is expected to foster the growth of the global
smart helmet market. Additionally, increasing safety concern among the
population is anticipated to substantially raise the demand for smart helmet.
Moreover, stringent government regulation regarding the road safety in
developed regions is expected to bolster the market of smart helmets.
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Massive Production and Sale of Motorcycle
Spiked growth in the demand and registration of motorcycle is expected to
supplement the growth of the smart helmet market. For instance, As per Society
of Indian Automobile Manufacturers, two wheeler vehicles sale registered a
growth of 6.89% in April 2017 as compared to April 2016. These factors are
anticipated to positively impact the growth of the Asia and global smart helmet
market.
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