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According to the latest research, the global Smart Ring market size was valued at USD 232.77 million in 2022 and is expected to expand at a CAGR of 17.71% during the forecast period, reaching USD 619.24 million by 2028.
A smart ring is a wearable electronic device that incorporates mobile components such as sensors and NFC chips and can be used in a variety of applications, mainly for tracking daily activities and as a peripheral to support mobile devices. Smart rings are about the same size or slightly larger than traditional rings. The smart ring is capable of monitoring various health indicators, including heart rate, blood oxygen levels, blood pressure, and blood sugar levels, among others.
COVID-19 Impacts Logistics Delivery and Offline Dealership Revenue
During the COVID-19 pandemic, most resellers selling smart rings have changed hours or services. As the epidemic is getting worse, cross-border logistics services and flights in the EU and the United States have been affected to a certain extent. Transportation has become a big problem, and the speed of logistics and distribution has slowed down. At the same time, offline sales stores were affected, the flow of people decreased, performance declined, and income was affected.
COVID-19 heightens safety awareness
With the spread and outbreak of COVID-19, people pay more attention to health. Whether it is the cultivation of daily exercise habits or the attention to one's own body indicators, more potential consumption demands will be released. Because of this, smart rings with health monitoring functions will be chosen by more and more customers, and the number of smart ring manufacturers focusing on the medical field is expected to increase. At the same time, as more manufacturers enter the field of smart rings, people's awareness and attention to smart rings will also increase.
Multifunctional and easy to operate
Its built-in Near Field Communication (NFC) and Bluetooth functions can be matched with some auxiliary hardware facilities to achieve things such as unlocking computers, unlocking door locks and opening doors. Some rings have mobile payment function, which makes payment easier and more convenient. Smart ring has gesture control function, which can control gestures when operating connected electronic devices. Smart rings are small, flexible and convenient, which makes them have their own advantages in the face of competition from other smart wearable devices.
The field of smart rings is relatively new, and people are curious
Smart rings are less well-known than smart bracelets and smart watches in the world. Therefore, once the smart ring is popularized, it will attract people to a higher degree, and people will pay more attention to the more convenient, flexible and compact ring. Smart rings also have a certain decorative effect. Compared with smart bracelet watches, the rubber materials, nylon materials. Smart ring materials are more diverse. Ceramic, wood and metal materials have a stronger decorative effect and attract more fashionable consumers.
Region Overview:
In 2022, the share of the Smart Ring market in United States stood at 39.07%.
Company Overview:
Oura is one of the major players operating in the Smart Ring market, holding a share of 62.42% in 2023.
Oura Announces First Nationwide Retail Expansion at Best Buy
April 24, 2023
Oura, the company behind the smart ring that delivers personalized health data, insights, and daily guidance, announced its first US-based, large-scale retail partnership with Best Buy. Oura Ring in both Heritage and Horizon styles is now available at more than 850 Best Buy stores nationwide, as well as on BestBuy.com.
Segmentation Overview:
By type, Bluetooth segment accounted for the largest share of market in 2022.
Application Overview:
The market's largest segment by application is the segment Online, with a market share of 60.46% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Smart Ring industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Smart Ring. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Smart Ring Market Report Include:
Market Size Estimates: Smart Ring market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Smart Ring market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Smart Ring market
Segment Market Analysis: Smart Ring market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Smart Ring market situations and prospects in major and top regions and countries
Smart Ring Market
Smart Ring Industry Chain: Smart Ring market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Smart Ring Industry News, Policies by regions
Smart Ring Industry Porters Five Forces Analysis
Key players in the global Smart Ring market are covered in Chapter 2:
TheTouch X
Genki Instruments
KEYDEX
Jakcom Technology
SLEEPON
Origami Labs
e-Senses
Nod Labs
Oura
Kerv Wearables
Vigofere Oy
LYCOS
McLear Ltd
In Chapter 6 and Chapter 9, on the basis of types, the Smart Ring market from 2018 to 2028 is primarily split into:
NFC
Bluetooth
In Chapter 7 and Chapter 10, on the basis of applications, the Smart Ring market from 2018 to 2028 covers:
Offline Channel
Online Channel
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Smart Ring market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Smart Ring industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Smart Ring market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Smart Ring industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Smart Ring market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Smart Ring market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Smart Ring market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
A smart ring is a wearable electronic device that incorporates mobile components such as sensors and NFC chips and can be used in a variety of applications, mainly for tracking daily activities and as a peripheral to support mobile devices. Smart rings are about the same size or slightly larger than traditional rings. The smart ring is capable of monitoring various health indicators, including heart rate, blood oxygen levels, blood pressure, and blood sugar levels, among others.
COVID-19 Impacts Logistics Delivery and Offline Dealership Revenue
During the COVID-19 pandemic, most resellers selling smart rings have changed hours or services. As the epidemic is getting worse, cross-border logistics services and flights in the EU and the United States have been affected to a certain extent. Transportation has become a big problem, and the speed of logistics and distribution has slowed down. At the same time, offline sales stores were affected, the flow of people decreased, performance declined, and income was affected.
COVID-19 heightens safety awareness
With the spread and outbreak of COVID-19, people pay more attention to health. Whether it is the cultivation of daily exercise habits or the attention to one's own body indicators, more potential consumption demands will be released. Because of this, smart rings with health monitoring functions will be chosen by more and more customers, and the number of smart ring manufacturers focusing on the medical field is expected to increase. At the same time, as more manufacturers enter the field of smart rings, people's awareness and attention to smart rings will also increase.
Multifunctional and easy to operate
Its built-in Near Field Communication (NFC) and Bluetooth functions can be matched with some auxiliary hardware facilities to achieve things such as unlocking computers, unlocking door locks and opening doors. Some rings have mobile payment function, which makes payment easier and more convenient. Smart ring has gesture control function, which can control gestures when operating connected electronic devices. Smart rings are small, flexible and convenient, which makes them have their own advantages in the face of competition from other smart wearable devices.
The field of smart rings is relatively new, and people are curious
Smart rings are less well-known than smart bracelets and smart watches in the world. Therefore, once the smart ring is popularized, it will attract people to a higher degree, and people will pay more attention to the more convenient, flexible and compact ring. Smart rings also have a certain decorative effect. Compared with smart bracelet watches, the rubber materials, nylon materials. Smart ring materials are more diverse. Ceramic, wood and metal materials have a stronger decorative effect and attract more fashionable consumers.
Region Overview:
In 2022, the share of the Smart Ring market in United States stood at 39.07%.
Company Overview:
Oura is one of the major players operating in the Smart Ring market, holding a share of 62.42% in 2023.
Oura Announces First Nationwide Retail Expansion at Best Buy
April 24, 2023
Oura, the company behind the smart ring that delivers personalized health data, insights, and daily guidance, announced its first US-based, large-scale retail partnership with Best Buy. Oura Ring in both Heritage and Horizon styles is now available at more than 850 Best Buy stores nationwide, as well as on BestBuy.com.
Segmentation Overview:
By type, Bluetooth segment accounted for the largest share of market in 2022.
Application Overview:
The market's largest segment by application is the segment Online, with a market share of 60.46% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Smart Ring industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Smart Ring. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Smart Ring Market Report Include:
Market Size Estimates: Smart Ring market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Smart Ring market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Smart Ring market
Segment Market Analysis: Smart Ring market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Smart Ring market situations and prospects in major and top regions and countries
Smart Ring Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Smart Ring Industry Chain: Smart Ring market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Smart Ring Industry News, Policies by regions
Smart Ring Industry Porters Five Forces Analysis
Key players in the global Smart Ring market are covered in Chapter 2:
TheTouch X
Genki Instruments
KEYDEX
Jakcom Technology
SLEEPON
Origami Labs
e-Senses
Nod Labs
Oura
Kerv Wearables
Vigofere Oy
LYCOS
McLear Ltd
In Chapter 6 and Chapter 9, on the basis of types, the Smart Ring market from 2018 to 2028 is primarily split into:
NFC
Bluetooth
In Chapter 7 and Chapter 10, on the basis of applications, the Smart Ring market from 2018 to 2028 covers:
Offline Channel
Online Channel
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Smart Ring market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Smart Ring industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Smart Ring market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Smart Ring industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Smart Ring market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Smart Ring market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Smart Ring market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
