The smart ring is a type of wearable electronic device with the capability to connect with smartphones and other smart gadgets. The smart rings can interact with smartphones and enable users to check notifications and operate applications through simple gesture control. Smart rings have been gaining immense popularity in the recent years on account of factors such as enhanced mobility, comfort, and functionality. With ease of connectivity and accessibility, the demand for smart rings is expected to grow even further in the following years.

Rising health awareness among consumers is one of the major factors driving the demand for smart rings. A wide range of smart rings are currently available in the market which offer various health and wellness features. Activity, heart beat and sleep are few of the many activities which can be monitored easily with the help of a smart ring connected to the smartphone through a mobile application. Some of the latest smart rings released are loaded with features such as contactless payments and metro ticketing similar to cash cards and mobile payments. Manufacturers are coming up with improved transactions and security features in the smart rings. In addition, a variety of smart rings provide the feature of secure personal access control. The device is gaining popularity for access control applications on account of its simplicity and ease of access. Thereby, smart rings have been witnessing higher adoption among consumers for varied applications.

The report titled “Smart Rings Market- Growth, Future Prospects and Competitive Landscape, 2017-2025” offers strategic insights into the global smart rings market with a focus on the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on technology and cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2016-2025. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading smart ring manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report include Ringly, Inc., Kerv Wearables Ltd., Shanxi Jakcom Technology Ltd., McLear Ltd., Logbar, Inc., Mota Group, Inc, Fujitsu Ltd., Nimb, Inc., Oura and Moodmetric.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the smart rings industry.
• Market fuelers, market impediments, and their impact on the market growth
• Market inclination insights and key trend analysis for smart rings market
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2015 – 2016)

Overall, the research study provides a holistic view of the global smart rings market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global smart rings market is segmented, based on technology, into the following categories:

• Bluetooth
• NFC

As of 2016, the Bluetooth technology for smart ring communication dominated the overall smart rings market worldwide. Bluetooth technology is the first technology used for the smart rings to connect with smartphones and other smart gadgets. Bluetooth smart rings are usually loaded with numerous features such as an accelerometer, pulse-oximeter and ability to control most applications on smartphones. Consequently, the ring is extensively used by consumers for a better hands-free connectivity.

Near field communication (NFC) technology is a new addition to the smart ring connectivity. NFC technology is a fastest growing segment in terms of revenue, as of 2016. NFC smart rings are extensively used for applications such as contactless payments, paying for commutes, metro fares and access control for connected smart homes. In addition, NFC rings are equipped with the feature of sending distress messages to pre-selected contacts with help of a mobile application. NFC smart rings are growing at a significant rate owing to the aforementioned applications and merits.

As of 2016, Asia Pacific dominated the overall smart rings market in terms of revenue as well as in volume. Asia Pacific has been witnessing a strong growth in electronics and smart gadgets market in the recent years. Improving living standards and rise in disposable income have resulted in exponential growth in the consumer electronics, smart gadgets and wearable devices. Furthermore, rising awareness and acceptance of innovative technologies have escalated the demand for the smart rings in this region. Asia Pacific is expected to maintain its dominance in the overall smart rings market throughout the forecast period during 2017 to 2025.

North America trailed Asia Pacific in the overall smart rings market in terms of revenue and volume. Smart rings are used extensively in this region and the market is expected to flourish at a consistent rate in the following years. The heavy concentration of major smart gadget manufacturing companies is also one of the prime factors of wide spread adoption of smart rings in the region.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Smart Rings market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Smart Rings market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Smart Rings market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Smart Rings market?
• Which is the largest regional market for Smart Rings market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Smart Rings market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Smart Rings market worldwide?