Fort Collins, Colorado, Oct. 27, 2023 (GLOBE NEWSWIRE) -- According to DataHorizzon Research, the Smart Ring Market size was valued at USD 147.1 Million in 2022 and is expected to have a market size of USD 1,405.1 Million by 2032 with a CAGR of 25.4%.
The use of smart rings is increasing as more people opt for fitness accessories in their daily routines. These devices help track physical and mental well-being and provide a trendy style for self-grooming. Advancements in AI and IoT are expected to drive this trend even further.
Smart rings use cutting-edge technology like the Internet of Things to unlock digital locks, connect with devices, and process payments. They also provide real-time health data, making them ideal for remote patient monitoring during the pandemic.
Smart rings are being developed to offer improved control over smart devices. This is especially beneficial for homeowners with multiple smart appliances. However, smartwatches are much more expensive than fitness trackers, making them inaccessible to many. Additionally, smart rings can be challenging to read notifications from, unlike other wearable devices, due to their small size.
Request Sample Report:
https://datahorizzonresearch.com/request-sample-pdf/smart-ring-market-2390
Segmentation Overview:
The global smart ring market has been segmented into application, technology, and region. The smart ring is a popular fitness tracking device that accurately monitors daily physical activities such as steps taken, distance covered, and burned calories. It also functions as a wireless smartphone controller, enabling music control, setting alarms, and receiving calls from a distance. Smart rings are equipped with NFC technology for contactless payments, transit tickets, and smart home control.
Buy This Research Report:
https://datahorizzonresearch.com/checkout-page/smart-ring-market-2390
Smart Ring Market Report Highlights:
- The global smart ring market growth is anticipated at a CAGR of 25.4% by 2032.
- The smart ring market is expanding thanks to the growing popularity of wearables, increasing demand for health and fitness tracking, and rising interest in connected devices and IoT.
- The North American market dominates due to its technological advancements, quick adoption of new tech, and increased spending on smart home and contactless payment solutions.
- Some prominent players in the smart ring market report include Bellabeat, Sky Labs, Oura, McLear Ltd., Circular Ring, Sleepon, Boat, Noise, Token Ring, Ultrahuman, and others.
Industry Trends and Insights:
- In collaboration with Il Jin Electronics, Noise, a wearable devices and smartphone accessories brand, has formed a joint venture to enhance its offerings.
- boAt, India's leading earwear brand, has partnered with Warner Bros Consumer Products and DC to create superhero-themed audio wear designed for DC fans under the brand boAt | DC.
Looking Exclusively For Region/Country Specific Report?
https://datahorizzonresearch.com/ask-for-customization/smart-ring-market-2390
OR
Ask For Discount
https://datahorizzonresearch.com/ask-for-discount/smart-ring-market-2390
Smart Ring Market Segmentation:
- By Application: Health And Wellness Management, Fitness Tracking, Sleep Monitoring, Contactless Payment, And Others
- By Technology: NFC Technology And Bluetooth Technology
- By Region: North America, Latin America, Europe, Asia Pacific, the Middle East and Africa.
About DataHorizzon Research:
DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
Contact:
Mail: sales@datahorizzonresearch.com
Ph: +1-970-672-0390
Website: https://datahorizzonresearch.com/
Follow Us: LinkedIn
Recent Publications
5G Chipset Market 2023 to 2032
Input Output (I/O) Connector Market 2023 to 2032
Display Market 2023 to 2032
QD OLED Market 2023 to 2032
Power Electronic Market 2023 to 2032
