The latest market report published by Credence Research, Inc. “Global Smart Rings Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Smart Rings Market generated revenue of around USD 18.5 million in 2021 and is anticipated to grow a CAGR of over 27.80% during the forecast period from 2022 to 2028 to reach around USD 80.60 million in 2028. While, cumulative growth opportunity presented by the global Smart Rings is around USD 62.10 million during 2022 to 2028.
Electronics have changed the way we think about connectivity. Smartphones and wearable technologies have opened up new possibilities for real-time connectivity. The rising popularity of Android smartphones, as well as their ease and affordability, are driving the worldwide smart rings industry forward. Smart rings are becoming more popular on both a personal and professional level, resulting in a rise in demand for smart rings. One of the key things driving demand for smart rings is a rise in consumer health awareness. The global smart rings market currently offers a wide range of smart rings with a variety of health and wellness functions. However, market expansion is hampered by owners’ lack of control over the data generated by their smart rings. The majority of privacy rules for wearable gadgets state that data collected would be shared with a third-party vendor, allowing for a data breach. Consumer data breaches are a significant issue, making it harder for people to adopt the use of these devices and, as a result, limiting industry growth. On the other hand, the high cost of smart rings is a significant constraint in the smart ring market.
Click here to get the short-term and long-term impact of COVID-19 on this Market: https://www.credenceresearch.com/report/smart-rings-market
Smart Rings Market Scope
Market Value in 2021
USD 18.5 million
Market Value in 2028
USD 80.60 million
2016 – 2021
2022 – 2028
Rising consumer health awareness is one of the major factors driving demand for smart rings. A variety of smart rings with various health and wellness features are currently available on the market. Activity, heart rate, and sleep are just a few of the many activities that can be easily tracked with the help of a smart ring connected to a smartphone via a mobile application. Some of the most recent smart rings released include features like contactless payments and metro ticketing, which are 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 global Smart Rings market is segmented into product type, end user/application, and Geography. Based on product type the market is categorized into Android, IOS, Windows Phone and Compatible Systems. On the basis of end users/application, the market is segmented into Health and Movement, Device Control and Communication. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa.
The report “Smart Rings Market- Growth, Future Prospects, and Competitive Landscape, 20176-2028” provides strategic insights into the global smart rings market, focusing on market size and estimates from 2015 to 2028. The aforementioned research study includes an in-depth analysis of market segments based on technology as well as a cross-sectional study across various geographies. The study includes a comparison of each sub-segment for the years 2016-2028. The report also offers a comprehensive analysis of market dynamics such as market drivers, restraints, and opportunities.
Segmentation of Global Smart Rings Market-
Global Smart Rings Market – By Product Type
Global Smart Rings Market – By End Users/Applications
Health and Movement
Why to Buy This Report-
The report provides a qualitative as well as quantitative analysis of the global Smart Rings market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-to 2020, base year- 2021, and forecast period 2022-2028.
The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country-level
In-depth analysis of the global market segmentation on the basis of product type and end user/application.
Research and development investments by major players.
The global Smart Rings market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
Browse Full Report with Complete ToC: https://www.credenceresearch.com/report/smart-rings-market
Table of Content
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
18.104.22.168. Top-Down Approach
22.214.171.124. Bottom-Up Approach
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Smart Rings Market
3. Market Dynamics & Factors Analysis
3.1.1. Global Smart Rings Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis
4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players
5. COVID 19 Impact Analysis
5.1. Global Smart Rings Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply
6. North America
6.1. North America Smart Rings Market, by Country, 2016-2028(US$ Bn)
6.2. North America Smart Rings Market, by Type, 2016-2028(US$ Bn)
6.2.4. Windows Phone
6.3. North America Smart Rings Market, by Application, 2016-2028(US$ Bn)
6.3.2. Health and Movement
6.3.3. Device Control
8. Asia Pacific
9. Latin America
10. Middle East
13. Company Profiles
13.1. Samsung Electronics Co., Ltd.
13.2. Google LLC
13.3. Huawei Technologies Co., Ltd.
13.4. ZTE Corporation
13.5. LG Electronics Inc.
13.6. vivo YT Technology Company Limited
13.7. BBK electronics (Hangzhou) Technology Co.,Ltd
List of Figures
FIG. 1 Global Smart Rings Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Smart Rings Market Segmentation
FIG. 4 Global Smart Rings Market, by Type, 2019 (US$ Bn)
FIG. 5 Global Smart Rings Market, by Application, 2021 (US$ Bn)
FIG. 6 Global Smart Rings Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2021
FIG. 8 Global Market Positioning of Key Smart Rings Market Manufacturers, 2019
FIG. 9 Global Smart Rings Market Value Contribution, By Type, 2021 & 2028 (Value %)
FIG. 10 Global Smart Rings Market, by Android, Value, 2016-2028 (US$ Bn)
FIG. 11 Global Smart Rings Market, by IOS, Value, 2016-2028 (US$ Bn)
FIG. 12 Global Smart Rings Market, by Windows Phone, Value, 2016-2028 (US$ Bn)
FIG. 13 Global Smart Rings Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Smart Rings Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 15 Global Smart Rings Market, by Health and Movement, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Smart Rings Market, by Device Control, Value, 2016-2028 (US$ Bn)
FIG. 17 Global Smart Rings Market, by Communication , Value, 2016-2028 (US$ Bn)
FIG. 18 U.S. Smart Rings Market, 2016-2028 (US$ Bn)
Browse Full Report with ToC, List of Figures and List of Tables: https://www.credenceresearch.com/report/smart-rings-market
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.