LONDON--(BUSINESS WIRE)--Technavio has announced the top 10 leading vendors in their recent global smart helmet market report. This research report also lists four other prominent vendors that are expected to impact the market during the forecast period.
Our market research analysts estimate that this market will grow steadily at a CAGR of more than 16% by 2021. The augmented growth of IoT is also driving the growth of the market. IoT is currently applied in all end-user industries. The IoT market is expected to grow at an accelerated CAGR of over 15% during the forecast period owing to the adoption of smart PPE across various end-user industries. Another factor that is driving the market is the augmented use of smart helmets in the construction industry.
Competitive vendor landscape
The global smart helmet market is in its nascent phase of development. Penetration and adoption of smart helmets have started to gain significant momentum in the market. The market does not comprise large number of vendors; however, each product has a separate vendor set. These vendors have just launched products and are still vying for customer acceptance.
“The market is witnessing increased adoption across various end-user segments. Most of the vendors cater to the motorcycle and bicycle segment. However, vendors such as Babaali and DAQRI cater to the construction and firefighting segments, respectively. These smart helmets will be used across various customer segments during the forecast period,” says Neelesh Prakash Singh, a lead research analyst from Technavio.
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Top 10 smart helmet market vendors
Babaali's smart helmets for cycling incorporate Bone Conduction technology that allows users to listen to the ambient environment. The Smart Bluetooth Ski Helmet features Bluetooth short-range wireless communication technology.
Bell Helmets is a designer, marketer, and developer of branded sports equipment, protective products, and related accessories. The company offers safety apparels for cyclists and motorcyclists.
DAQRI smart helmets with a large field of view and optical see-through displays are rugged for industrial environments. Smart helmets are used for a variety of applications including firefighting, construction, and industrial segments.
Forcite Helmet Systems
Forcite Helmet Systems is a designer and developer of smart helmets. The company's customized hardware and software package called the EON system is adaptable for specific purposes and functions.
JARVISH is a manufacturer of smart helmets, with the core team consisting of PhDs and motorcycle enthusiasts who design and develop products. The company uses military-grade ceramic anti-explosive batteries instead of traditional lithium batteries.
Shenzhen Qianhai LIVALL IOT Technology, referred to as LIVALL, offers smart riding accessories and is aimed at building an online community through phone application. The company offers smart bikes, smart accessories, and smart helmets.
LUMOS HELMET offers smart helmets and accessories, mainly for city cyclists. The company's product Lumos Helmet integrates light, hard brake, automatic warning lights, and turn signals. Various accessories for these smart helmets include charging cables, helmet padding, remote and handlebar mount, and remote mount.
Nand Logic offers smart helmets that are mainly used for cycling and snowboarding. Smart helmets offer augmented intelligence and perform functions such as noise reduction, signaling, managing communication links, and processing environmental data.
Nexsys is short for next system. The company integrates wearables and IoT technologies. Nexsys also offers Helpware that includes wearable sensors, LTE smart helmets, and control platforms (smartphone, PC, and tablet).
Sena Technologies is involved in the manufacturing of products for motorcyclists. The product range includes smart helmets, communication devices, cameras, remote controls, and accessories.
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