Dublin, Nov. 15, 2024 (GLOBE NEWSWIRE) -- The "Luxury Smart Jewelry Market Size, Share and Trends Analysis Report by Product (Smart Rings, Smart Bracelets), Application (Fitness Tracking, Heart Rate Monitoring), Age Group, Distribution Channels, Region, and Segment Forecasts, 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The global luxury smart jewelry market size is expected to reach USD 429.97 million by 2030, registering a CAGR of 18.7% from 2024 to 2030.
Factors such as the increasing demand for multifunctional and aesthetically appealing jewelry and the growing adoption of wearable technology fuel the market growth. Smart jewelry, equipped with advanced features such as personalized communication, notifications, and fitness tracking, is gaining popularity among consumers. In addition, the integration of Internet of Things (IoT) technology and the rising focus on wellness and health are expected further to propel the market's growth over the forecast period.
The growing focus on fitness and personal health is one major factor in the increase in the popularity of smart rings. Consumers increasingly prioritize their health, seeking devices that track essential health metrics such as physical activity levels, sleep patterns, and heart rate. Smart jewelry offers sophisticated biometric monitoring features, making it a vital tool for fitness and health enthusiasts. In addition, the growing prevalence of chronic diseases necessitates continuous health monitoring. For instance, according to an article published by the Centers for Disease Control and Prevention (CDC) in February 2024, in the U.S., an estimated 129 million individuals have at least one major chronic disease.
Demand for fitness and wellness items would increase owing to the rising popularity of these gadgets among professional and amateur athletes. Moreover, the industry is expected to profit from rising public awareness regarding the advantages of wearable electronics, rising disposable incomes, and expanding smartphone penetration. The R&D efforts of several market participants further aid the growth opportunities. For example, market players such as Bellabeat Inc., RINGLY, and invisaWear offer smart jewelry products.
Market players implement strategic initiatives, such as expanding their distribution networks, product development and launches, and global footprint through partnerships and subsidiaries. Moreover, companies are investing in advanced technologies to enhance the functionality and accuracy of their products. For instance, in July 2024, Samsung introduced the Galaxy Ring, a novel and innovative wearable device. It uses tiny sensors to track various health metrics. The company launched this smart ring at its Galaxy Unpacked event.
Luxury Smart Jewelry Market Report Highlights
- Based on application, the fitness tracking segment dominated the market in 2023 due to growing health and fitness awareness and rising internet and smartphone penetration
- Based on product, smart rings dominated the market in 2023. The advantages associated with these rings, such as tracking and monitoring various health metrics such as blood oxygen levels, sleep patterns, heart rates, and temperature, are boosting adoption
- Based on age group, the adult segment dominated the market in 2023. The growing awareness regarding health and fitness is rising, especially among the younger tech-savvy adults and working-class population, which drives the segment's growth
- Based on distribution channels, the online segment dominated the market in 2023, owing to the rising preference for e-commerce platforms due to their wide product selection, convenience, and easy accessibility
- North America dominated the global market due to the presence of a large number of major market players, and health-promoting devices, which support preventative care and assist in managing existing health issues, are in greater demand in the region
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
- Competitive Landscape: Explore the market presence of key players worldwide
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
The leading players in the Luxury Smart Jewelry market include:
- Oura Health Oy.
- RINGLY
- Samsung
- Motiv, Inc.
- Boat
- Zepp Health Corporation, Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 150 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $130.96 Million |
| Forecasted Market Value (USD) by 2030 | $429.97 Million |
| Compound Annual Growth Rate | 18.7% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Luxury Smart Jewelry Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.3. Luxury Smart Jewelry: Market Analysis Tools
3.4. Regulatory Framework
3.5. Technology Timeline Analysis
3.6. Case Study Analysis
Chapter 4. Luxury Smart Jewelry Market Segment Analysis, By Product, 2018 - 2030 (USD Million)
4.1. Definition and Scope
4.2. Product Market Share Analysis, 2023 & 2030
4.3. Segment Dashboard
4.4. Global Luxury Smart Jewelry Market, by Product, 2018 to 2030
4.5. Smart Rings
4.6. Smart bracelets
4.7. Smart necklaces
4.8. Others
Chapter 5. Luxury Smart Jewelry Market Segment Analysis, By Application, 2018 - 2030 (USD Million)
5.1. Definition and Scope
5.2. Application Market Share Analysis, 2023 & 2030
5.3. Segment Dashboard
5.4. Global Luxury Smart Jewelry Market, by Application, 2018 to 2030
5.5. Fitness tracking
5.6. Heart rate monitoring
5.7. Sleep tracking
5.8. Stress and mood tracking
5.9. Others
Chapter 6. Luxury Smart Jewelry Market Segment Analysis, By Age Group, 2018 - 2030 (USD Million)
6.1. Definition and Scope
6.2. Age Group Market Share Analysis, 2023 & 2030
6.3. Segment Dashboard
6.4. Global Luxury Smart Jewelry Market, by Age Group, 2018 to 2030
6.5. Pediatric
6.6. Adult
6.7. Geriatric
Chapter 7. Luxury Smart Jewelry Market Segment Analysis, By Distribution Channels, 2018 - 2030 (USD Million)
7.1. Definition and Scope
7.2. Distribution Channels Market Share Analysis, 2023 & 2030
7.3. Segment Dashboard
7.4. Global Luxury Smart Jewelry Market, by Distribution Channels, 2018 to 2030
7.5. Online
7.6. Offline
Chapter 8. Luxury Smart Jewelry Market Segment Analysis, By Region, 2018 - 2030 (USD Million)
8.1. Regional Market Share Analysis, 2023 & 2030
8.2. Regional Market Dashboard
8.3. Regional Market Snapshot
8.4. Luxury Smart Jewelry Market Share by Region, 2023 & 2030:
Chapter 9. Competitive Landscape
9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Company Categorization
9.3. Company Profiles
- Oura Health
- RINGLY
- Samsung
- Motiv, Inc.
- Boat
- Zepp Health Corporation
For more information about this report visit https://www.researchandmarkets.com/r/yas266
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
