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Global Smart Rings Market Size, Share, Trends, Growth, Forecast: By Product Type: Android, IOS, Windows Phone, Compatible Systems; By Application: Health and Movement, Device Control, Communication, Others; By Sales Channel: Online, Offline; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Smart Rings Market Outlook
The global smart rings market size is projected to grow at a CAGR of 21.00% between 2024 and 2032.The major drivers of the market include increased awareness about the various advantages of smart rings and rising demand for health and fitness tracking devices.
Key Trends in the Global Smart Rings Market
A smart ring is a wearable electronic device equipped with NFC chips and sensors, used as a peripheral tool for supporting mobile devices and daily tracking activities including recording activity levels, speed, endurance, heart rate, and stress. Other practical applications of smart rings include online security, access control, and digital payments, among others.
- Growing adoption of electronic devices including smart phones and tablets among other appliances and rising demand for wearable technologies owing to the convenience, connectivity, and functionality offered by them, including fitness tracking and heart rate monitoring is fuelling the smart rings market demand.
- Technological advancements such as development of better sensors and battery with longer life is expected to enhance the efficiency and capabilities of smart rings. Accurate sensors and improved charging are expected to boost user experience resulting in wider adoption of smart rings across the globe.
- Rising collaborations between smart rings manufacturers, smartphone manufacturers, health and fitness companies, and online payment providers are offering lucrative growth opportunities to the market. Such collaborations are increasing the consumer awareness about the various advantages and applications offered by the smart rings.
Global Smart Rings Market Analysis
Based on product type, the market is divided into android, IOS, windows phone, and compatible systems. By application, the market is classified into health and movement, device control, and communication, among others. On the basis of sales channel, the market is bifurcated into online and offline. By region, the smart rings market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- McLear Ltd
- Jakcom Technology Co., Ltd.
- Nimb Inc.
- Oura Health Oy
- Ringly Inc.
- The Touch X s.r.o.
- RajMall Inventives Private Limited
- Sleepon
- Tokenize Inc.
- Ultrahuman Healthcare Pvt Ltd.
- Others
Global Smart Rings Market Share by Product Type
Android is anticipated to account for a significant smart rings market share owing to the increasing number of android users across the globe. Android phones are found to be most compatible with the peripheral and wearable electronic devices and are available in varied price ranges, boosting the segment growth. Availability of customisation options with third party applications have further boosted the demand for android devices from consumers around the globe.
Global Smart Rings Market Share by Region
The Asia Pacific is expected to witness significant growth over the forecast period owing to the rising government initiatives to support digitalisation in countries such as India and China. Introduction of flagship digital India programmes among other initiatives is resulting in increased awareness and adoption of smart rings, among other advanced technologies in the region. The smart rings market growth in the Asia Pacific region is also supported by the rising sale of electronic devices including smartphones, tablets, and smart watches, among others.
Competitive Landscape
McLear Ltd was founded in 2012 and is headquartered in London, United Kingdom. The electronics company is known for designing and manufacturing security systems and electronic smart rings. The company aims to revolutionise wearable technology and ensure safety of individuals while maintaining their anonymity.
Nimb Inc. is a computer and electronics manufacturing company that was founded in 2016 and is headquartered in Delaware, United States. The company uses machine learning for analysing data from personal devices for detecting and predicting emergencies including strokes and heart attacks.
Ringy Inc. was established in 2013 and has its headquarters located in Colorado, United States. The software development company sells refurbished electronic products including tablets, laptops, and smartphones, among other devices.
Other smart rings market key players include Jakcom Technology Co., Ltd., Oura Health Oy, The Touch X s.r.o., RajMall Inventives Private Limited, Sleepon, Tokenize Inc., and Ultrahuman Healthcare Pvt Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart Rings Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Rings Historical Market (2018-2023)
8.3 Global Smart Rings Market Forecast (2024-2032)
8.4 Global Smart Rings Market by Product Type
8.4.1 Android
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 IOS
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Windows Phone
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Compatible Systems
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Smart Rings Market by Application
8.5.1 Health and Movement
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Device Control
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Communication
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Smart Rings Market by Sales Channel
8.6.1 Online
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Offline
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Smart Rings Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Smart Rings Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Smart Rings Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Smart Rings Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart Rings Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Smart Rings Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 McLear Ltd
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Jakcom Technology Co., Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Nimb Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Oura Health Oy
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Ringly Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 TheTouch X s.r.o.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 RajMall Inventives Private Limited.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Sleepon
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Tokenize Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Ultrahuman Healthcare Pvt Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Rings Market: Key Industry Highlights, 2018 and 2032
2. Global Smart Rings Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Smart Rings Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Smart Rings Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Smart Rings Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Smart Rings Historical Market: Breakup by Sales Channel (USD Million), 2018-2023
7. Global Smart Rings Market Forecast: Breakup by Sales Channel (USD Million), 2024-2032
8. Global Smart Rings Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Smart Rings Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Smart Rings Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Smart Rings Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Smart Rings Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Smart Rings Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Smart Rings Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Smart Rings Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Smart Rings Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Smart Rings Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Smart Rings Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Smart Rings Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Smart Rings Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 21.00% between 2024 and 2032.
The major market drivers include increased awareness about the various advantages of smart rings and rising demand for health and fitness tracking devices.
The key trends fuelling the growth of the market include growing adoption of electronic devices and technological advancements in smart rings technology.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The applications of smart rings include health and movement, device control, and communication, among others.
The significant product types include android, IOS, windows phone, and compatible systems.
The sales channels for smart rings include online and offline.
The key players in the market are McLear Ltd, Jakcom Technology Co., Ltd., Nimb Inc., Oura Health Oy, Ringly Inc., The Touch X s.r.o., RajMall Inventives Private Limited, Sleepon, Tokenize Inc., and Ultrahuman Healthcare Pvt Ltd., among others.
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