Global Smart Helmet Market 2017-2021
About Smart Helmet
Technavio Announces the Publication of its Research Report – Global Smart Helmet Market 2017-2021
Technavio recognizes the following companies as the key players in the global smart helmet market: Babaali, Bell Helmets, DAQRI, Forcite Helmet Systems, JARVISH, LIVALL, LUMOS HELMET, Nand Logic, Nexsys, and Sena Technologies
Other Prominent Vendors in the market are: FUSAR, GE, Honeywell, and Qwake.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Augmented use of smart wearables. Smart wearables are devices that are worn on the body either as an accessory or as a part of the material used in clothing. The major feature of the wearable technology is that it can connect to the Internet, thereby enabling data to be shared between a network and a device.”
According to the report, one of the major drivers for this market is Increase in number of accidents. There has been a substantial increase in the number of motorcycle production over the past decade. For instance, in the US, the motorcycle production increased by 75% between 2006 and 2016. There has also been an increase in bicycle activities across the globe.
Further, the report states that one of the major factors hindering the growth of this market is High cost and trade-off on ROI. For an organization or an individual, purchasing smart helmets is an expensive affair. Owing to government regulations, with regard to safety of employees, employers are focused on adhering to the regulations on the provision of PPE, without paying heed to its appropriate use and functionality. Therefore, the functionality of the equipment becomes a major concern. The challenge is to ensure product quality with respect to safety and functionality while limiting the cost. When it comes to PPE, including product costs entail several factors such as purchase price, maintenance cost, and service life. Therefore, using expensive equipment that provides assured quality and functionality will cost the buyer less in the long run. PPE manufacturers are looking for ways to improve health and safety of workers without increasing significantly production costs.
Babaali, Bell Helmets, DAQRI, Forcite Helmet Systems, JARVISH, LIVALL, LUMOS HELMET, Nand Logic, Nexsys, and Sena Technologies, FUSAR, GE, Honeywell, and Qwake.