Smart Ring Market Scope and Size by 2031
A smart ring is a wearable electronic gadget that can connect with other smart gadgets like smartphones and tablets. The primary function of a smart ring is to receive notifications for calls, messages, and other apps sent from the users' cellphones. These rings, on the other hand, are now utilized for a variety of other purposes, including health and online payments, fitness tracking, access control and information exchange, and user identification among others.
MARKET SCOPE
The "Global Smart Ring Market Analysis to 2031" is a specialized and in-depth study of the Smart ring Market with a special focus on the global market trend analysis. The report aims to provide an overview of smart ring market with detailed market segmentation by connectivity and operating system. The global smart ring market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart ring market player and offers key trends and opportunities in the smart ring market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers
- The increasing adoption of smartphones globally coupled with increasing tech-savvy population is the key driver propelling the growth of smart rings market.
- Increasing trend toward contact-less payment and growing health awareness among the users.
- Technological advancements such as artificial intelligence and smart wearables.
Restraints
- The smart ring market is restrained by higher cost of smart rings and availability of other smart wearables in market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart ring market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart ring market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting smart ring Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the smart ring market in these regions.
IMPACT OF COVID-19 ON SMART RING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart ring market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart ring market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting smart ring Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the smart ring market in these regions.
IMPACT OF COVID-19 ON SMART RING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The reports cover key developments in the smart ring market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from smart ring market are anticipated to lucrative growth opportunities in the future with the rising demand for smart ring market. Below mentioned is the list of few companies engaged in the smart ring market.
The report also includes the profiles of key smart ring market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- E-SENSES
- TheTouch X s.r.o.
- Jakcom Technology Co. Ltd
- K Wearables Ltd
- McLear Ltd
- RajMall Inventives Private Limited
- Nimb Inc
- Origami Group Limited
- Oura
- RINGLY
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Smart Ring Market - By Connectivity
1.3.2 Smart Ring Market - By Operating System
1.3.3 Smart Ring Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SMART RING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SMART RING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SMART RING MARKET - GLOBAL MARKET ANALYSIS
6.1. SMART RING - GLOBAL MARKET OVERVIEW
6.2. SMART RING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SMART RING MARKET - REVENUE AND FORECASTS TO 2028 - CONNECTIVITY
7.1. OVERVIEW
7.2. CONNECTIVITY MARKET FORECASTS AND ANALYSIS
7.3. NFC
7.3.1. Overview
7.3.2. NFC Market Forecast and Analysis
7.4. BLUETOOTH
7.4.1. Overview
7.4.2. Bluetooth Market Forecast and Analysis
8. SMART RING MARKET - REVENUE AND FORECASTS TO 2028 - OPERATING SYSTEM
8.1. OVERVIEW
8.2. OPERATING SYSTEM MARKET FORECASTS AND ANALYSIS
8.3. IOS
8.3.1. Overview
8.3.2. iOS Market Forecast and Analysis
8.4. ANDROID
8.4.1. Overview
8.4.2. Android Market Forecast and Analysis
9. SMART RING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Smart Ring Market Overview
9.1.2 North America Smart Ring Market Forecasts and Analysis
9.1.3 North America Smart Ring Market Forecasts and Analysis - By Connectivity
9.1.4 North America Smart Ring Market Forecasts and Analysis - By Operating System
9.1.5 North America Smart Ring Market Forecasts and Analysis - By Countries
9.1.5.1 United States Smart Ring Market
9.1.5.1.1 United States Smart Ring Market by Connectivity
9.1.5.1.2 United States Smart Ring Market by Operating System
9.1.5.2 Canada Smart Ring Market
9.1.5.2.1 Canada Smart Ring Market by Connectivity
9.1.5.2.2 Canada Smart Ring Market by Operating System
9.1.5.3 Mexico Smart Ring Market
9.1.5.3.1 Mexico Smart Ring Market by Connectivity
9.1.5.3.2 Mexico Smart Ring Market by Operating System
9.2. EUROPE
9.2.1 Europe Smart Ring Market Overview
9.2.2 Europe Smart Ring Market Forecasts and Analysis
9.2.3 Europe Smart Ring Market Forecasts and Analysis - By Connectivity
9.2.4 Europe Smart Ring Market Forecasts and Analysis - By Operating System
9.2.5 Europe Smart Ring Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Smart Ring Market
9.2.5.1.1 Germany Smart Ring Market by Connectivity
9.2.5.1.2 Germany Smart Ring Market by Operating System
9.2.5.2 France Smart Ring Market
9.2.5.2.1 France Smart Ring Market by Connectivity
9.2.5.2.2 France Smart Ring Market by Operating System
9.2.5.3 Italy Smart Ring Market
9.2.5.3.1 Italy Smart Ring Market by Connectivity
9.2.5.3.2 Italy Smart Ring Market by Operating System
9.2.5.4 United Kingdom Smart Ring Market
9.2.5.4.1 United Kingdom Smart Ring Market by Connectivity
9.2.5.4.2 United Kingdom Smart Ring Market by Operating System
9.2.5.5 Russia Smart Ring Market
9.2.5.5.1 Russia Smart Ring Market by Connectivity
9.2.5.5.2 Russia Smart Ring Market by Operating System
9.2.5.6 Rest of Europe Smart Ring Market
9.2.5.6.1 Rest of Europe Smart Ring Market by Connectivity
9.2.5.6.2 Rest of Europe Smart Ring Market by Operating System
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Smart Ring Market Overview
9.3.2 Asia-Pacific Smart Ring Market Forecasts and Analysis
9.3.3 Asia-Pacific Smart Ring Market Forecasts and Analysis - By Connectivity
9.3.4 Asia-Pacific Smart Ring Market Forecasts and Analysis - By Operating System
9.3.5 Asia-Pacific Smart Ring Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Smart Ring Market
9.3.5.1.1 Australia Smart Ring Market by Connectivity
9.3.5.1.2 Australia Smart Ring Market by Operating System
9.3.5.2 China Smart Ring Market
9.3.5.2.1 China Smart Ring Market by Connectivity
9.3.5.2.2 China Smart Ring Market by Operating System
9.3.5.3 India Smart Ring Market
9.3.5.3.1 India Smart Ring Market by Connectivity
9.3.5.3.2 India Smart Ring Market by Operating System
9.3.5.4 Japan Smart Ring Market
9.3.5.4.1 Japan Smart Ring Market by Connectivity
9.3.5.4.2 Japan Smart Ring Market by Operating System
9.3.5.5 South Korea Smart Ring Market
9.3.5.5.1 South Korea Smart Ring Market by Connectivity
9.3.5.5.2 South Korea Smart Ring Market by Operating System
9.3.5.6 Rest of Asia-Pacific Smart Ring Market
9.3.5.6.1 Rest of Asia-Pacific Smart Ring Market by Connectivity
9.3.5.6.2 Rest of Asia-Pacific Smart Ring Market by Operating System
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Smart Ring Market Overview
9.4.2 Middle East and Africa Smart Ring Market Forecasts and Analysis
9.4.3 Middle East and Africa Smart Ring Market Forecasts and Analysis - By Connectivity
9.4.4 Middle East and Africa Smart Ring Market Forecasts and Analysis - By Operating System
9.4.5 Middle East and Africa Smart Ring Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Smart Ring Market
9.4.5.1.1 South Africa Smart Ring Market by Connectivity
9.4.5.1.2 South Africa Smart Ring Market by Operating System
9.4.5.2 Saudi Arabia Smart Ring Market
9.4.5.2.1 Saudi Arabia Smart Ring Market by Connectivity
9.4.5.2.2 Saudi Arabia Smart Ring Market by Operating System
9.4.5.3 U.A.E Smart Ring Market
9.4.5.3.1 U.A.E Smart Ring Market by Connectivity
9.4.5.3.2 U.A.E Smart Ring Market by Operating System
9.4.5.4 Rest of Middle East and Africa Smart Ring Market
9.4.5.4.1 Rest of Middle East and Africa Smart Ring Market by Connectivity
9.4.5.4.2 Rest of Middle East and Africa Smart Ring Market by Operating System
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Smart Ring Market Overview
9.5.2 South and Central America Smart Ring Market Forecasts and Analysis
9.5.3 South and Central America Smart Ring Market Forecasts and Analysis - By Connectivity
9.5.4 South and Central America Smart Ring Market Forecasts and Analysis - By Operating System
9.5.5 South and Central America Smart Ring Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Smart Ring Market
9.5.5.1.1 Brazil Smart Ring Market by Connectivity
9.5.5.1.2 Brazil Smart Ring Market by Operating System
9.5.5.2 Argentina Smart Ring Market
9.5.5.2.1 Argentina Smart Ring Market by Connectivity
9.5.5.2.2 Argentina Smart Ring Market by Operating System
9.5.5.3 Rest of South and Central America Smart Ring Market
9.5.5.3.1 Rest of South and Central America Smart Ring Market by Connectivity
9.5.5.3.2 Rest of South and Central America Smart Ring Market by Operating System
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SMART RING MARKET, KEY COMPANY PROFILES
11.1. E-SENSES
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. THETOUCH X S.R.O.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. JAKCOM TECHNOLOGY CO. LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. K WEARABLES LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MCLEAR LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. RAJMALL INVENTIVES PRIVATE LIMITED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NIMB INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ORIGAMI GROUP LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. OURA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. RINGLY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. E-SENSES
2. TheTouch X s.r.o.
3. Jakcom Technology Co. Ltd
4. K Wearables Ltd.
5. McLear Ltd.
6. RajMall Inventives Private Limited
7. Nimb Inc.
8. Origami Group Limited
9. Oura
10. RINGLY
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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