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Global Smart Rings Market 2017-2021

  • ID: 4115428
  • Report
  • February 2017
  • Region: Global
  • 62 pages
  • TechNavio
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FEATURED COMPANIES

  • Jakcom
  • Kerv Wearables
  • Logbar
  • Mota
  • NFC Ring
  • Nimb
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

About Smart Rings

The smart ring wearables were the latest addition to smart wearables technology in 2015. The smart rings are gaining popularity though they are overshadowed by smartwatches and smart bands. The application of smart rings is limited considering their compact size. The smart rings are mainly used for notifications, which are channeled from smartphones for calls, messages, and other apps. The smart rings can be used to unlock smartphones and smart door locks. Some of the near-field communication (NFC)-enabled smart rings are used for direct payment, which needs no authentication.

The analysts forecast the global smart rings market to grow at a CAGR of 10.16% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global smart rings market for 2017-2021. To calculate the market size, the report considers wearable rings that can be technologically integrated or connected to smart devices.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Smart Rings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
- Jakcom
- Kerv Wearables
- Logbar
- Mota
- NFC Ring
- Ringly
- Vinaya

Other prominent vendors
- Nimb
- Oura
- TheTouch X

Market drivers
- Advances in technology and miniature electronic components.
- For a full, detailed list, view the full report

Market challenges
- Low participation from leading consumer electronic device manufacturers.
- For a full, detailed list, view the full report

Market trends
- Investments by crowdfunding campaigns and venture capitalists.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Jakcom
  • Kerv Wearables
  • Logbar
  • Mota
  • NFC Ring
  • Nimb
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary

PART 02: Scope of the report
Market overview
Base year and forecast period
Vendor segmentation
Top-vendor offerings

PART 03: Market research methodology
Research methodology
Economic indicators

PART 04: Introduction
Key market highlights

PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis

PART 06: Market segmentation by application

PART 07: Market segmentation by technology

PART 08: Geographical segmentation

PART 09: Market drivers
Low power consumption by smart rings
Advances in technology and miniature electronic components
Smart rings being more than just a notifications device

PART 10: Impact of drivers

PART 11: Market challenges
Bulky smart ring wearables
Low value addition
Difficulty in managing multiple wearable devices
Low participation from leading consumer electronic device manufacturers
Vulnerability to physical damages
Fraudulent activities by startups

PART 12: Impact of drivers and challenges

PART 13: Market trends
Investments by crowdfunding campaigns and venture capitalists
Increasing demand for wearables
Increasing number of patents filed by emerging vendors

PART 14: Vendor landscape
Competitive scenario
Key vendor analysis
Other prominent vendors

PART 15: Appendix
List of abbreviations

PART 16: About the Author

List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Global smart wearables market by unit shipment 2016 (million units)
Exhibit 03: Global smart wearables market by unit shipment 2016 (million units)
Exhibit 04: Segmentation of global smart rings market
Exhibit 05: Market size of global smart rings market 2016-2021 (revenue in $ millions)
Exhibit 06: Global smart ring 2016-2021 (unit shipment)
Exhibit 07: Average selling price of smart rings between 2016-2021 ($)
Exhibit 08: Optimistic market size of global smart rings market 2016-2021 ($ millions)
Exhibit 09: Unit shipments of global smart rings market 2016-2021
Exhibit 10: Global volatility of average selling price 2016-2021 ($)
Exhibit 11: Five forces analysis
Exhibit 12: Global smart rings market by application 2016 (% share)
Exhibit 13: Payment transaction limit by Kerv NFC-enabled smart ring for different regions 2016
Exhibit 14: Global smart rings market segmentation based on technology 2016
Exhibit 15: Global smart rings market by technology 2016-2021 ($ millions)
Exhibit 16: Global Bluetooth-based smart rings market 2016-2021
Exhibit 17: Global NFC-based smart rings market 2016-2021
Exhibit 18: Global smart rings market by geographical segmentation 2016-2021 (% share)
Exhibit 19: Global smart rings market in Americas 2016-2021 ($ millions)
Exhibit 20: Global smart rings market in EMEA 2016-2021 ($ millions)
Exhibit 21: Global smart rings market in APAC 2016-2021 ($ millions)
Exhibit 22: Impact of drivers
Exhibit 23: Impact of drivers and challenges
Exhibit 24: Global smartwatch market 2016-2021 (million units)
Exhibit 25: Global smart band market 2016-2021 (million units)
Exhibit 26: Other prominent vendors

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Jakcom
  • Kerv Wearables
  • Logbar
  • Mota
  • NFC Ring
  • Nimb
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: – Global Smart Rings Market 2017-2021

The author of the report recognizes the following companies as the key players in the global smart rings market: Jakcom, Kerv Wearables, Logbar, Mota, NFC Ring, Ringly, and Vinaya.

Other Prominent Vendors in the market are: Nimb, Oura, and TheTouch X.

Commenting on the report, an analyst from the research team said: “One trend in market is investments by crowdfunding campaigns and venture capitalists. The prominent vendors in the global smart rings market are startups. There is high support in terms of investments through crowdfunding platforms such as Indiegogo and Kickstarter. Startups like Ringly raised over $100,000 in preorder sales during their launch in 2014. Soon after it secured $5.1 million in series A funding led by Andreessen Horowitz along with Highline Ventures, Silas Capital, First Round Capital, Social Capital, MESA+, Brooklyn Bridge Ventures and PCH International. The startup NFC Ring, founded by John Mclear in 2013, had raised funds of $266,367 through online crowdfunding platforms. The Kerv ring by a startup called Kerv Wearables had raised $121,471 in October 2015 from an online crowdfunding platform called Kickstarter.”

According to the report, one driver in market is low power consumption by smart rings. NFC-enabled smart rings are compact mainly because they do not house a battery, unlike their Bluetooth counterpart. Though NFC-enabled smart rings did not need charging, the market growth in 2016 had only a small contribution from NFC-enabled smart rings. An NFC-enabled smart ring uses micro wireless receiving modules that can attract electromagnetic energy from the read-write equipment and effectively convert it to small amounts of electricity, which is more than sufficient to power the NFC chipsets. The NFC-enabled smart ring is mainly used for unlocking NFC-enabled smartphones, doors, and contactless payments. However, since the utility and features of an NFC-enabled smart ring are less, they are not quite popular. In 2016 alone, NFC-enabled smart rings accounted for only 31.6% of the overall market.

Further, the report states that one challenge in market is bulky smart ring wearables. Consumers prefer wrist wear devices over smart rings due to their form factor and better functionalities. Wrist wear devices such as smartwatches weigh the same or even lesser than traditional watches and look similar. However, this is not the case with smart rings, which are bulkier than traditional rings. This makes the smart rings uncomfortable to wear, making them harder to be accepted by the end-users. A smart ring houses many microelectronic modules that contribute to the bulk of the product. The NFC-enabled smart rings are more compact than Bluetooth-enabled smart rings. However, the smart rings, in general, are bulkier than traditional rings. This bulkiness affects the normal day-to-day activities such as cycling, writing, typing, and lifting objects.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

  • Jakcom
  • Kerv Wearables
  • Logbar
  • Mota
  • NFC Ring
  • Ringly
  • Vinaya
  • Nimb
  • Oura
  • TheTouch X
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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