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Smart Rings Market Trends

Report ID: GMI2676
Published Date: Feb 2024
Report Format: PDF

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Smart Rings Market Trends

Fitness and activity tracking is a major trend in this market with features like heart rate monitoring, sleep tracking, and calorie counting becoming standard. For instance, in January 2024, Amazfit Helio Smart Ring was announced at CES 2024 in Las Vegas. The Helio Smart Ring is focused on improving athletic performance by analyzing physical and mental data. The ring can be worn as a standalone wearable or in tandem with an Amazfit smartwatch for additional data points.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The smart rings industry size was USD 210 million in 2023 and is expected to register over 24.1% CAGR from 2024-2032 owing to the rising adoption of tablets, smartphones, and various other smart appliances worldwide.

The smart rings industry share from android operating system segment is expected to register 23% CAGR from 2024-2032 due to the growing number of active android users globally and better compatibility of android devices with wearable and peripheral devices.

Asia Pacific smart rings industry is expected to register over 25% CAGR from 2024-2032 due to the growing government initiatives from regional economies such as China and India towards the promotion of digitalization.

Bellabeat, Boat, Circular Ring, Fujitsu, Kerv Wearables, Log bar, McLear Ltd., Moodmetric, Moen Smart Ring, Noise, Oura, Sky Labs, and Sleepon Ring, are some of the major smart rings companies worldwide.