CHICAGO, Dec. 4, 2019 /PRNewswire/ -- According to the new market research report "HUD Helmet Market by Connectivity, Component, Display, Outer Shell Material, Technology, End-User (Racing Professional, Personal Use), Function (Navigation, Communication, Performance Monitoring), Power Supply, and Region - Global Forecast to 2030", published by MarketsandMarkets™, the global HUD Helmet Market size is projected to reach USD 1,047 million by 2030, at a CAGR of 30.0% during the forecast period.
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132 – Tables
47 – Figures
184 – Pages
Factors such as increasing concern about the safety of the motorcycle rider and rising preference for connected vehicles are expected to drive the HUD Helmet Market.
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"Software segment is estimated to be the fastest-growing HUD Helmet Market, by component"
The software of the HUD helmet makes decisions and runs the hardware components. The demand for software is expected to high for the smooth functioning of the HUD helmet. The low cost of update and maintenance of software components is also expected to drive the growth of this segment in the HUD Helmet Market
"Racing professional segment is expected to hold the largest share of the HUD Helmet Market, by end-user"
The use of HUD helmets is expected to be high among racing professionals. As racing professionals operate their motorcycle at maximum performance during a race or practice, there is high possibility of a fatal accident. High volume of capital involved in racing sports would also boost the demand for HUD helmet.
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"Europe is estimated to be the largest regional HUD helmet industry"
Europe is expected to be the largest HUD Helmet Market. High purchasing power, developed infrastructure, and racing culture are expected to drive the HUD Helmet Market in this region during the forecast period. The presence of leading players in the HUD helmet industry such as Schuberth GmbH and Reevu is also expected to driven the market in this region. Also, improved infrastructure facilities, increasing concern about safety of motorcycle rider, and stringent laws have contributed to the growth of the HUD Helmet Market in the region.
The HUD Helmet Market ecosystem is dominated by a few global HUD helmet solution providers and comprises several regional players. Some of the key providers include NUVIZ, Inc. (US), DigiLens Inc., (US), BMW Motorrad (Germany), SKULLY Technologies, JARVISH (Taiwan), and SHOEI CO. LTD. (Japan).
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