-- According to a new market research report issued by Credence Research “Smart Rings Market (By Technology: Bluetooth and NFC) - Growth, Future Prospects, and Competitive Landscape, 2017-2025”, smart rings market was estimated at US$ 1.67 Mn in 2016 and is anticipated to grow at a CAGR of 18.9% throughout the projection period from 2017 to 2025
Market Insights
Modern day electronics have changed the definition of connectivity. Gadgets such as smartphones and wearable devices have opened new avenues in real-time connectivity. In today times, a variety of smart wearables are available for various applications such as health and fitness tracking, online payments, user identification, access control and information sharing, among others. The smart ring is one such wearable device which has gained popularity in recent times. The demand for smart rings is consistently growing and is expected to grow even further during the projection period from 2017 to 2025.
The complete report is available at https://www.credenceresearch.com/report/smart-rings-market
Smart rings are swiftly improving in terms of technology, functionality, and aesthetics. The use of smart rings is on the growth for personal as well as professional utilities. Consequently, the market for smart rings is supposed to demonstrate significant growth in the following years. Manufacturers are coming with the innovative and improved design of smart rings. Integration of advanced electronics and growth of the Internet of things (IoT) have aided in the up gradation of existing hardware. In addition, design and development of improved smart rings for all current platform including IOS, Android, Blackberry OS, and Windows are one of the key strategies chosen by the smart ring manufacturing companies. Consequently, the range of applications for the rings is expanding even further with continued product enhancement.
The smart rings basically use two technologies to connect with other smart devices. The first smart rings were equipped with Bluetooth connectivity to connect with smartphones. As of 2016, Bluetooth enabled smart rings dominated the overall smart rings market. NFC smart rings offer better connectivity and secure information and data transfer when compared to Bluetooth smart rings. Consequently, the demand for NFC smart rings is expected to grow at a brisk rate in the following years.
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As of 2016, the Bluetooth technology for smart ring communication dominated the overall smart rings market worldwide. Bluetooth technology is the first technology used for smart rings to connect with smartphones and other smart gadgets. Bluetooth smart rings are normally loaded with numerous features such as an accelerometer, pulse-oximeter and ability to control most applications on the smartphones. Consequently, the ring is widely used by consumers for better hands-free connectivity.
Near field communication (NFC) technology is a new addition to the smart ring connectivity. NFC technology is the fastest growing segment in terms of revenue, as of 2016. NFC smart rings are widely used for applications such as contactless payments, paying for commutes, metro fares and access control for connected smart homes. In addition, NFC rings are equipped with the feature of sending distress messages to pre-selected contacts with help of a mobile application. NFC smart rings are growing at a significant rate owing to the aforementioned applications and merits.
Competitive Insights:
Smart rings market is still in its nascent stages and is characterized by a limited number of smart ring manufacturers. Technology up gradation and improving the aesthetic value of the product is one of the prime focus of smart ring manufacturers across the world. Some of the major players in the market include Ringly, Inc., Kerv Wearables Ltd., Shanxi Jakcom Technology Ltd., McLear Ltd., Logbar, Inc., Mota Group, Inc., Fujitsu Ltd., Nimb, Inc., Oura and Moodmetric.
The complete report is available at https://www.credenceresearch.com/report/smart-rings-market
ToC:
4. Global Smart Ring Market Revenue, By Technology, 2015 – 2025 (US$ Mn)
4.1. Market Analysis
4.2. Bluetooth
4.3. NFC
5. North America Smart Ring Market Analysis, 2015 – 2025 (US$ Mn)
5.1. North America Smart Ring Market Revenue, By Technology, 2015 – 2025 (US$ Mn)
5.1.1. Bluetooth
5.1.2. NFC
5.2. North America Smart Ring Market Revenue, By Country, 2015 – 2025 (US$ Mn)
5.2.1. U.S.
5.2.2. Rest of North America
6. Europe Smart Ring Market Analysis, 2015 – 2025 (US$ Mn)
6.1. Europe Smart Ring Market Revenue, By Technology, 2015 – 2025 (US$ Mn)
6.1.1. Bluetooth
6.1.2. NFC
6.2. Europe Smart Ring Market Revenue, By Region, 2015 – 2025 (US$ Mn)
6.2.1. U.K.
6.2.2. Germany
6.2.3. France
6.2.4. Rest of Europe
7. Asia Pacific Smart Ring Market Analysis, 2015 – 2025 (US$ Mn)
7.1. Asia Pacific Smart Ring Market Revenue, By Technology, 2015 – 2025 (US$ Mn)
7.1.1. Bluetooth
7.1.2. NFC
7.2. Asia Pacific Smart Ring Market Revenue, By Country, 2015 – 2025 (US$ Mn)
7.2.1. Japan
7.2.2. China
7.2.3. India
7.2.4. Rest of Asia Pacific
8. Rest of World Smart Ring Market Analysis, 2015 – 2025 (US$ Mn)
8.1. Rest of World Smart Ring Market Revenue, By Technology, 2015 – 2025 (US$ Mn)
8.1.1. Bluetooth
8.1.2. NFC
8.2. Rest of World Smart Ring Market Revenue, By Region, 2015 – 2025 (US$ Mn)
8.2.1. Latin America
8.2.2. Middle-East and Africa
9. Company Profiles
9.1. Ringly Inc.
9.2. Kerv Wearables Ltd.
9.3. Shanxi Jakcom Technology Ltd.
9.4. McLear Ltd.
9.5. Logbar Inc.
9.6. Mota Group, Inc.
9.7. Fujitsu Ltd.
9.8. Nimb Inc.
9.9. Ōura
9.10. Moodmetric
..........toc continued
List Of Table :
TABLE 1 Market Snapshot: Global Smart Ring Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Smart Ring Market Revenue, By Technology, 2015 - 2025 (US$ Mn)
TABLE 5 North America Smart Ring Market Revenue, By Country, 2015 - 2025 (US$ Mn)
TABLE 6 U.S. Smart Ring Market Revenue, By Technology, 2015 - 2025 (US$ Mn)
TABLE 7 Rest of North America Smart Ring Market Revenue, By Technology, 2015 - 2025 (US$ Mn)
TABLE 8 Europe Smart Ring Market Revenue, By Technology, 2015 - 2025 (US$ Mn)
TABLE 9 Europe Smart Ring Market Revenue, By Country, 2015 - 2025 (US$ Mn)
TABLE 10 U.K. Smart Ring Market Revenue, By Technology, 2015 - 2025 (US$ Mn)
TABLE 11 France Smart Ring Market Revenue, By Technology, 2015 - 2025 (US$ Mn)
TABLE 12 Germany Smart Ring Market Revenue, By Technology, 2015 - 2025 (US$ Mn)
TABLE 13 Rest of Europe Smart Ring Market Revenue, By Technology, 2015 - 2025 (US$ Mn)
TABLE 14 Asia Pacific Smart Ring Market Revenue, By Technology, 2015 - 2025 (US$ Mn)
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The complete report is available at https://www.credenceresearch.com/report/smart-rings-market
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