Global Smart Ring Market Growth 2023-2029

Global Smart Ring Market Growth 2023-2029

Product Code:454487

Published Date: Feb 08,2023

Pages: 128

Region: Global

Category: Consumer Goods

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Smart Ring is a compact and lightweight wearable ring-type device that offers handwriting-input functionality and a reader for near-field communications (NFC) tags. A smart ring that empowers wearers to rule them all – their smartphone, smart home appliances, Google Glass, smartwatch and a variety of digital-enabled interactions, to be more precise.

LPI (LP Information)' newest research report, the “Smart Ring Industry Forecast” looks at past sales and reviews total world Smart Ring sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Ring sales for 2023 through 2029. With Smart Ring sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Ring industry.

This Insight Report provides a comprehensive analysis of the global Smart Ring landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Ring portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Smart Ring market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Ring and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Ring.

The global Smart Ring market size is projected to grow from US$ 22 million in 2022 to US$ 95 million in 2029; it is expected to grow at a CAGR of 95 from 2023 to 2029.

Global Smart Ring key players include Nod Ring, MOTA, McLear Ltd, Ringly, VINAYA Technologies, etc. Global top five manufacturers hold a share over 55%.

North America is the largest market, with a share over 40%, followed by EU and China, both have a share over 45%. 
In terms of product, Compatible Systems is the largest segment, with a share over 55%. And in terms of application, the largest application is Communication, followed by Health and Movement, Device Control, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Ring market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Android
    IOS
    Windows Phone
    Compatible Systems

Segmentation by application
    Health and Movement
    Device Control
    Communication

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Acare
    Arcus
    GalaGreat
    GEAK
    Jakcom Technology
    Kerv
    Logbar Ring
    McLear Ltd
    Moodmetric
    MOTA
    Mycestro
    Neyya
    Nod Ring
    RHL Vision Technologies Pvt
    Ring Theory
    Ringly
    Sirenring
    Thumb Track
    VINAYA Technologies
    Vring
    Xin mob(CN)

Key Questions Addressed in this Report
What is the 10-year outlook for the global Smart Ring market?
What factors are driving Smart Ring market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Smart Ring market opportunities vary by end market size?
How does Smart Ring break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?