PUBLISHER: The Business Research Company | PRODUCT CODE: 1531977
PUBLISHER: The Business Research Company | PRODUCT CODE: 1531977
HUD (Heads-Up Display) helmets are technologically advanced helmets equipped with a transparent display that projects information into the wearer's field of vision. This innovation allows users to access critical data without diverting their gaze from their surroundings, thereby enhancing situational awareness and safety.
The main types of HUD helmets include hard hat, full face helmet, and half helmet. Hard hats are robust helmets primarily used in construction and industrial sectors to protect against impacts. Connectivity options for HUD helmets encompass tethered and embedded systems. These helmets serve diverse end-users such as consumers, aviation personnel, manufacturing workers, construction workers, and other industries requiring enhanced situational awareness and data accessibility.
The HUD helmets market research report is one of a series of new reports from The Business Research Company that provides HUD helmet market statistics, including HUD helmets industry global market size, regional shares, competitors with a HUD helmet market share, detailed HUD helmet market segments, market trends, and opportunities, and any further data you may need to thrive in the HUD helmets industry. This HUD helmet research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 during the historic period can be attributed to several factors, including the increasing demand for enhanced safety measures across various sectors, the growing adoption of HUD technology in automobiles and other applications, rising purchasing power among consumers, and heightened awareness and stricter regulatory standards promoting safety innovations.
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 several factors, including an increasing number of motorcycle enthusiasts, a return of growth and demand to pre-pandemic levels, heightened concerns about road safety, growing emphasis on safety while riding vehicles, and rising disposable income among consumers. Major trends anticipated during this period include advancements in technology, innovations in HUD helmets such as integrated transparent displays and eye tracking systems, the integration of artificial intelligence for enhanced functionality, ongoing technological innovations in automotive inductive wireless charging systems, and the emergence of innovative designs in HUD helmets to improve user experience and safety features.
The HUD helmet market is anticipated to grow due to the increasing number of road accidents. Factors contributing to these accidents include rising traffic congestion, distracted driving from mobile devices, inadequate infrastructure maintenance, driver fatigue, and speeding. HUD (Head-Up Display) helmets play a crucial role in accident prevention by providing essential information such as navigation directions and vehicle data directly within the rider's field of view. This feature minimizes distractions and enables riders to maintain focus on the road. For example, in May 2022, the National Highway Traffic Safety Administration reported a significant increase in motor vehicle accident fatalities, rising from 38,824 deaths in 2020 to 42,915 deaths in 2021, underscoring the need for enhanced safety measures such as HUD helmets.
Leading companies in the HUD helmet market are dedicated to developing innovative products tailored for motorcycle riders, transforming traditional full-face helmets into smart devices. Smart tech head-up helmets integrate advanced technologies such as head-up displays to provide riders with real-time navigation, speed information, and call notifications without requiring them to divert their attention from the road. For instance, Digades GmbH partnered with Sygic in July 2023 to introduce a HUD designed for motorcycle enthusiasts. This HUD offers precise turn-by-turn navigation cues directly in the rider's line of sight, enhancing safety by minimizing distractions. Riders can personalize the display to show speed, trip details, or navigation prompts, and it includes updates on weather and traffic conditions, along with voice control for hands-free operation.
In January 2024, GoPro Inc. acquired Forcite Helmet Systems Pty Ltd., an Australian company specializing in smart helmets for motorcycle riders, including HUD technology. This acquisition positions GoPro Inc. to enhance helmet performance and safety across various categories, starting with motorcycle helmets, as part of its strategic expansion into tech-enabled safety solutions.
Major companies operating in the HUD helmet market are Bayerische Motoren Werke GmbH, Seiko Epson Corporation, Japan Display Inc., August Bremicker Sohne 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.
North America was the largest region in the HUD helmets 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.
The countries covered in the HUD helmet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
HUD Helmet Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hud helmet market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hud helmet ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hud helmet market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.