The HUD helmets market consists of sales of connectivity devices, sensors, power supply devices, microcontroller units, and audio devices. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Sizing and Forecast
The HUD helmet market size has grown exponentially in recent years. It will grow from $0.79 billion in 2023 to $0.97 billion in 2024 at a compound annual growth rate (CAGR) of 22.1%. The growth in the historic period can be attributed to increasing demand for enhanced safety measures, increasing adoption of the technology, increasingly used in automobiles, increase in the purchasing power of individuals, and increased awareness and rigorous regulations.
The HUD helmet market size is expected to see exponential growth in the next few years. It will grow to $2.17 billion in 2028 at a compound annual growth rate (CAGR) of 22.4%. The growth in the forecast period can be attributed to growing numbers of motorcycle fanatics, growth and demand returning to pre-pandemic levels, growing concerns regarding road safety, growing safety concerns while riding the vehicles, and rising disposable Income of the consumer. Major trends in the forecast period include technological advancements, innovation in HUD helmets, innovative eye tracking systems, integrated transparent displays, integration of artificial intelligence, technological innovation, developments in automotive inductive wireless charging systems, and innovative HUD helmet designs.
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Segmentation & Regional Insights
The HUD helmet market covered in this report is segmented –
1) By Type: Hard Hat, Full Hat, Half Hat
2) By Connectivity: Tethered, Embedded
3) By End User: Consumer, Aviation, Manufacturing, Construction, Other End Users
North America was the largest region in the HUD helment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the HUD helmet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing number of road accidents is expected to propel the growth of the HUD helmet market going forward. The growing number of road accidents is due to increased traffic congestion, distracted driving due to mobile devices, inadequate infrastructure maintenance, fatigue, and speeding. HUD helmets help to reduce accidents by providing essential information such as navigation cues and vehicle data directly in the rider’s line of sight, minimizing distraction and allowing them to keep their eyes on the road. For instance, in May 2022, according to the National Highway Traffic Safety Administration, a US-based government agency, motor vehicle accidents resulted in 42,915 deaths in 2021, a notable 10.5% increase over the 38,824 reported fatalities in 2020. Therefore, the growing number of accidents is driving the growth of the HUD helmet market.
Key Industry Players
Major companies operating in the HUD helmet market are Bayerische Motoren Werke GmbH, Seiko Epson Corporation, Japan Display Inc., August Bremicker Söhne KG., Shoei Co. Ltd., Nuviz Inc., Recon Instruments Inc., Elbit Systems Ltd., Shenzhen Sena Technologies Inc., Livall, Vuizix corp., SKULLY Technologies Inc., Renfrew Group International, Intelligent Cranium Helmets LLC, MET Helmets SpA, CrossHelmet, Jarvish Inc., Forcite Helmet Systems Pty Ltd., Aero Glass, FUSAR Technologies Inc.
The hud helmet market report table of contents includes:
1. Executive Summary
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