Planet Market Reports has added a report, titled, Global Motorcycle Helmet Heads-up Display (HUD) Market 2017 Forecast to 2025. The worldwide market for Motorcycle Helmet Heads-up Display (HUD) is expected to grow at a CAGR of roughly 12.34% over the next five years, will reach 13.5 billion US$ in 2025, according to a new Planet Market Reports study.
Global Motorcycle Helmet Heads-Up Display HUD Market - Market Overview
The motorcycle helmet heads-up technology displays vital instrument readings in the riders peripheral vision, generally projected on the visor, enabling the rider to see all relevant information without taking his eyes off the road.
Global Motorcycle Helmet Heads-Up Display HUD Market - Market Dynamics
The rise in demand for HUD helmet technology through the Bluetooth device and a dedicated smartphone app that provides control to the rider with one touch. The implementation of legislative laws regarding mandatory use of helmets would positively impact the market for connected helmets, in turn increasing demand for motorcycle helmet HUD in developed countries such as U.S., UK, and Canada. The rising instances of motorcycle accidents and cases of fatalities in such crashes would drive the adoption rate of advanced technologies offered by the helmet HUD end-products, providing additional protection to riders and vehicles. The HUD technology that features a 180-degree rear view can be beneficial to riders while changing lanes, besides being able to detect vehicles in their blind spot, significantly increasing rider comfort as well as a higher safety quotient. Therefore, the role that motorcycle helmet HUD plays in reducing accidents is expected to be a primary market driver during the forecast period.
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Global Motorcycle Helmet Heads-Up Display HUD Market - Segment Analysis
By component, the global motorcycle helmet HUD market is segmented into battery, HUD, LED, sensors, and others. The HUD segment is expected to witness the fastest growth rate during the forecast period owing to the increase in adoption rates of HUD technology integrated into motorcycle helmets for safety and protection of riders. The LED segment would also gain significant market share as LED embedded HUD helmets would reduce rider distraction and offer better helmet display features.
Global Motorcycle Helmet Heads-Up Display HUD Market - Geographical Analysis
The global motorcycle helmet HUD market is segmented by geography into North America, South America, Europe, Asia-Pacific, and Rest of the World Row.
Global Motorcycle Helmet Heads-Up Display HUD Market Competitive Analysis
The global motorcycle helmet HUD market is growing at a rapid pace with small players trying to acquire significant market share through new product launches and strategic partnerships. The major players include Nuviz, Cross Helmet, Digi Lens Inc., and Motorcycle Information System Technologies Ltd. The competitive scenario in North America and Europe is intense, with the consolidation of few market players increasing the level of market competition. The companies are focused on strengthening their R&D departments to come up with innovative, superior products that give their business a competitive edge. For instance, in May 2018, NUVIZ, Inc., launched in the market the first all-in-one Head-Up Display for motorcycle riders with integrated Bluetooth wireless compatibility for Schubert Helmets.
The market players of global motorcycle helmet HUD market include
1. BMW Motorrad
2. Cross Helmet
3. Digi Lens Inc.
4. Live map
5. Mango teQ Limited
6. Motorcycle Information System Technologies Ltd
9. Sena Technologies Inc.
10. Visor-AR Ltd.