Market Overview:
The global smart ring market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wearable devices and rising awareness about health and fitness. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into Android, IOS, Windows Phone, and compatible systems. Android dominates the global smart ring market owing to its large user base across different regions. On the basis of application, health and movement dominates the global smart ring market followed by device control and communication respectively. Rising awareness about health benefits offered by these devices is driving their adoption among consumers across different regions.
Product Definition:
A Smart Ring is a wearable device that performs specific actions or tasks based on finger gestures. The importance of Smart Rings is that they provide an alternative to touchscreen devices for performing certain tasks, such as scrolling through a document or opening an application. They can also be used to control other devices, such as smart TVs or thermostats.
Android:
Android is a mobile operating system developed by Google, which is used in several devices including smartphones and wearables. The smart ring concept was first introduced in 2014 with the launch of Samsung’s Galaxy S4. Since then, it has gained popularity among other OEMs as well as startups owing to its ability to provide an extended battery life and continuous connectivity to users.
IOS:
IOS (Internet of things) is a network technology that allows the communication between electronic devices and their integration with the internet. It provides services such as data sharing, data processing, data visualization and analytics over a network without requiring human interaction. The smart ring IOS uses Bluetooth to communicate with other devices; it also has Wi-Fi connectivity for remote monitoring through an application on a smartphone.
Application Insights:
The device control application segment dominated the global smart ring market in terms of revenue share in 2017. This is attributed to the increasing demand for rings that can be used for controlling various home appliances and electronics devices. For instance, Samsung has introduced a Smart Home Control feature with its latest smartphones, where users can control different devices connected to a SmartThings hub using natural language processing and voice recognition features built into these phones. The same technology will soon be implemented into smart rings as well, thereby making them an integral part of the ¢â‚¬Ëœsmart home¢â‚¬â„¢ concept.
The communication application segment is expected to witness significant growth over the forecast period owing to rising adoption of wearable technologies such as fitness bands and smartwatches among young people across various regions including North America and Europe.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing product launches, coupled with growing smart device adoption in this region. Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising disposable income and changing lifestyles of consumers, thereby leading them towards a purchase of premium jewelry products with enhanced technology features and designs. Moreover, increasing investments by prominent players such as Samsung Electronics Co., Ltd.; Google LLC; Huawei Technologies Co., Ltd.; ZTE Corporation; LG Electronics Inc.; vivo YT Technology Company Limited; BBK electronics (Hangzhou) Technology Co.,Ltd for launching their own branded smartphones are also driving demand for smart rings in this region.
Growth Factors:
- Increasing demand for smart wearable devices: The global market for smart wearable devices is expected to grow at a CAGR of more than 20% during the forecast period. This is mainly due to the increasing demand for fitness and health-related applications, growing popularity of IoT, and rising awareness about the benefits of using such devices.
- Proliferation of low-cost sensors: The development of low-cost sensors has helped in the proliferation of smart wearable devices. This has led to an increase in their adoption by consumers as well as enterprises.
- Growing number of partnerships and collaborations: The key players in the Smart Ring market are collaborating with each other to develop new products and expand their customer base. For instance, Apple Inc., Samsung Electronics Co., Ltd., and LG Electronics Inc have entered into a partnership to develop new products that will work with each company’s respective operating systems (OS).
- Rising demand from emerging markets: A large number of consumers in emerging markets are adopting smart wearable devices owing to the increasing disposable income levels and improving infrastructure conditions (ease of access to electricity, internet connectivity, etc.). This is providing a major impetus to the growth prospects for this market segment worldwide.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Ring Market Research Report
By Type
Android, IOS, Windows Phone, Compatible Systems
By Application
Health and Movement, Device Control, Communication
By Companies
McLear Ltd, Thumb Track, Ringly, Nod Ring, Arcus, GEAK, Jakcom Technology, Mycestro, MOTA, Ring Theory, Logbar Ring, Neyya, Sirenring, Moodmetric, Acare, VINAYA Technologies, Kerv, Vring, GalaGreat, VINAYA Technologies, Logbar Ring, Acare, Vring, Neyya, RHL Vision Technologies Pvt, Moodmetric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Smart Ring Market Report Segments:
The global Smart Ring market is segmented on the basis of:
Types
Android, IOS, Windows Phone, Compatible Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Health and Movement, Device Control, Communication
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- McLear Ltd
- Thumb Track
- Ringly
- Nod Ring
- Arcus
- GEAK
- Jakcom Technology
- Mycestro
- MOTA
- Ring Theory
- Logbar Ring
- Neyya
- Sirenring
- Moodmetric
- Acare
- VINAYA Technologies
- Kerv
- Vring
- GalaGreat
- VINAYA Technologies
- Logbar Ring
- Acare
- Vring
- Neyya
- RHL Vision Technologies Pvt
- Moodmetric
Highlights of The Smart Ring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Android
- IOS
- Windows Phone
- Compatible Systems
- By Application:
- Health and Movement
- Device Control
- Communication
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Ring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Ring is a wearable device that can be controlled with your voice. It has various features, such as the ability to control music playback, answer phone calls, and access notifications.
Some of the major companies in the smart ring market are McLear Ltd, Thumb Track, Ringly, Nod Ring, Arcus, GEAK, Jakcom Technology, Mycestro, MOTA, Ring Theory, Logbar Ring, Neyya, Sirenring, Moodmetric, Acare, VINAYA Technologies, Kerv, Vring, GalaGreat, VINAYA Technologies, Logbar Ring, Acare, Vring, Neyya, RHL Vision Technologies Pvt, Moodmetric.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Ring Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Ring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Ring Market - Supply Chain
4.5. Global Smart Ring Market Forecast
4.5.1. Smart Ring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Ring Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Ring Market Absolute $ Opportunity
5. Global Smart Ring Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Ring Market Size and Volume Forecast by Type
5.3.1. Android
5.3.2. IOS
5.3.3. Windows Phone
5.3.4. Compatible Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Ring Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Ring Market Size and Volume Forecast by Application
6.3.1. Health and Movement
6.3.2. Device Control
6.3.3. Communication
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Ring Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Ring Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Ring Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Ring Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Ring Demand Share Forecast, 2019-2026
9. North America Smart Ring Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Ring Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Ring Market Size and Volume Forecast by Application
9.4.1. Health and Movement
9.4.2. Device Control
9.4.3. Communication
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Ring Market Size and Volume Forecast by Type
9.7.1. Android
9.7.2. IOS
9.7.3. Windows Phone
9.7.4. Compatible Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Ring Demand Share Forecast, 2019-2026
10. Latin America Smart Ring Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Ring Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Ring Market Size and Volume Forecast by Application
10.4.1. Health and Movement
10.4.2. Device Control
10.4.3. Communication
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Ring Market Size and Volume Forecast by Type
10.7.1. Android
10.7.2. IOS
10.7.3. Windows Phone
10.7.4. Compatible Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Ring Demand Share Forecast, 2019-2026
11. Europe Smart Ring Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Ring Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Ring Market Size and Volume Forecast by Application
11.4.1. Health and Movement
11.4.2. Device Control
11.4.3. Communication
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Ring Market Size and Volume Forecast by Type
11.7.1. Android
11.7.2. IOS
11.7.3. Windows Phone
11.7.4. Compatible Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Ring Demand Share, 2019-2026
12. Asia Pacific Smart Ring Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Ring Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Ring Market Size and Volume Forecast by Application
12.4.1. Health and Movement
12.4.2. Device Control
12.4.3. Communication
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Ring Market Size and Volume Forecast by Type
12.7.1. Android
12.7.2. IOS
12.7.3. Windows Phone
12.7.4. Compatible Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Ring Demand Share, 2019-2026
13. Middle East & Africa Smart Ring Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Ring Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Ring Market Size and Volume Forecast by Application
13.4.1. Health and Movement
13.4.2. Device Control
13.4.3. Communication
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Ring Market Size and Volume Forecast by Type
13.7.1. Android
13.7.2. IOS
13.7.3. Windows Phone
13.7.4. Compatible Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Ring Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Ring Market: Market Share Analysis
14.2. Smart Ring Distributors and Customers
14.3. Smart Ring Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. McLear Ltd
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Thumb Track
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ringly
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nod Ring
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Arcus
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GEAK
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jakcom Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mycestro
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MOTA
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ring Theory
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Logbar Ring
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Neyya
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sirenring
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Moodmetric
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Acare
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. VINAYA Technologies
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Kerv
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Vring
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. GalaGreat
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. VINAYA Technologies
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
