Smart Helmet Market to Gain Traction; JARVISH Launches Advanced JARVISH X and JARVISH X-AR Smart Helmets to Enhance On-road Riding Experience: Fortune Business Insights™


Pune, India, Feb. 11, 2021 (GLOBE NEWSWIRE) — The global smart helmet market size is projected to reach USD 1,134.9 million by 2027, exhibiting a CAGR of 13.8% during the forecast period. Heightened need for mass screening of people amid the COVID-19 pandemic is causing a growth spurt in this market, states Fortune Business Insights™ in its report, titled “Smart Helmet Market Size, Share & COVID-19 Impact Analysis, By Type (Full-face, Open-face, Half-head), By Technology (Integrated Communication System, Integrated Video Camera, Contactless Temperature Measurement, Bluetooth Connectivity, Signal Indicator and Brake Function, and Others), By End-user (Consumer, Industrial, Healthcare, and Construction), and Regional Forecast, 2020-2027“. Smart helmets are essentially functioning as portable thermal scanners that allow officials to screen multiple citizens in a few minutes. In July 2020, the Mumbai Municipal Corporation deployed hundreds of these helmets to augment screening and speed up identification of potential cases in the city, especially in the slum areas. In Italy too, Rome's Aeroporti di Roma-Fiumicino has been extensively utilizing these wearable thermal devices that are embedded with Augmented Reality (AR) capabilities and thermal scanning to screen visitors to the country and prevent sick people from boarding planes. Thus, the coronavirus pandemic has provided opportunity for the market to expand its scope and for players to broaden their sales horizons.

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As per the report findings, the value of the market in 2019 stood at USD 401.4 million. The report also addresses the following questions:

  • Which factors are positively influencing the size, share, and overall growth of the Smart Helmet Market?
  • What are the hindrances restricting the market growth?
  • What are the key market segments and how have they been evaluated individually?
  • What are the regional growth dynamics of the market?
  • Who are the prominent players in the Smart Helmet Market and what are their top strategies?

Market Driver

Rising Number of Road Traffic Tragedies to Propel the Market

Rapid urbanization and poor traffic management are two of the most pronounced factors contributing to the growing number of road fatalities worldwide. According to the World Health Organization (WHO), road traffic accidents kill around 1.35 million people and cause temporary or permanent injuries in 20-50 million people every year. Moreover, majority of the road deaths reported globally are among motorcyclists, cyclists, and pedestrians, the WHO highlights in its report. Smart helmets offer higher safety quotient for two-wheeler riders as these devices are incorporated with advanced tools …

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