Smart Rings

Smart Rings

Global Smart Rings Market to Reach $12.6 Million by 2027

In the changed post COVID-19 business landscape, the global market for Smart Rings estimated at US$3.4 Million in the year 2020, is projected to reach a revised size of US$12.6 Million by 2027, growing at a CAGR of 20.8% over the period 2020-2027. Bluetooth-based Smart Rings, one of the segments analyzed in the report, is projected to record 18.3% CAGR and reach US$7.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the NFC-based Smart Rings segment is readjusted to a revised 25.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1 Million, While China is Forecast to Grow at 20.5% CAGR

The Smart Rings market in the U.S. is estimated at US$1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Million by the year 2027 trailing a CAGR of 20.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.2% and 17.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.7% CAGR.

Select Competitors (Total 38 Featured) -

• Jakcom Technology Co., Ltd.
• Logbar Inc.
• Mota Group, Inc.
• NFC Ring
• Nimb Inc.
• Oura Health Ltd.
• Ringly Inc.
• TheTouch X s.r.o.

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