Global Two-wheeler Smart Helmet Market 2018-2022 to Post 24% CAGR| Technavio
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LONDON---The global two-wheeler smart helmet market is expected to post a CAGR of nearly 24% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the growing demand for advanced protective headgear due to increasing frequency of two-wheeler accidents. With the surge in the number of two-wheelers worldwide, the fatality rate among riders remains a cause for concern. Around the world, thousands of people die in two-wheeler accidents annually and a significant number of them are on-road motorcycle fatalities. In countries such as the US, motorcycle fatalities account for roughly 5% of all yearly highway fatalities. One of the primary reasons for such high fatality conversion rate is the lack of protection for the rider and the vehicle. Thus, the fatality risks associated with motorcycle accidents are creating a subsequent need for safety during motorcycle rides, which is paving the way for helmet adoption and incorporation of advanced safety features in the helmets.
This market research report on the global two-wheeler smart helmet market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the development of smart helmets that integrate health, wellness, and other connectivity features as one of the key emerging trends in the global two-wheeler smart helmet market:
Global two-wheeler smart helmet market: Development of smart helmets that integrate health, wellness, and other connectivity features
According to automotive experts and engineers, two-wheeler helmets could play a key role in storing information about the riders’ safety, comfort, and health to enhance their riding experience. For example, players in the market have developed a smart helmet with an optical heart-rate sensor. The transition of motorcycle helmet from a mere safety accessory to a holistic connected system increases the safety and comfort level of the motorcycle riders.
“The development of an Android infotainment system is on the anvil, which will allow the rider to use an app that can synchronize every little detail of the bike and real-time changes on compatible mobile devices to detect any signs of a problem early. Thus, we expect this trend in the infotainment system to make two-wheeler smart helmets more effective during the forecast period,” says a senior analyst at Technavio for research on automotive electronics.
Global two-wheeler smart helmet market: Segmentation analysis
This market research report segments the global two-wheeler smart helmet market by geographical regions, including APAC, EMEA, and the Americas.
The Americas led the market in 2017 with a market share of nearly 44%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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