Global Smart Rings Market to Reach $12.6 Million by 2027
Amid the COVID-19 crisis, 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. After an early analysis of the business implications of the pandemic and its induced economic crisis, 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):
Amid the COVID-19 crisis, 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. After an early analysis of the business implications of the pandemic and its induced economic crisis, 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.
Frequently Asked Questions about the Global Market for Smart Rings
What is the estimated value of the Global Market for Smart Rings?
What is the growth rate of the Global Market for Smart Rings?
What is the forecasted size of the Global Market for Smart Rings?
Note: Product cover images may vary from those shown
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Note: Product cover images may vary from those shown