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Smart Rings Market Share

Report ID: GMI2676
Published Date: Feb 2024
Report Format: PDF

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Smart Rings Market Share

In 2023, dominant market players, including McLEAR, Log bar, Moodmetric, Oura, Kerv Wearables, Fujitsu and Vinaya collectively holds more than around 30% market share. The market is a moderately fragmented market established companies like NCR, Diebold Nixdorf, and GLORY holding significant shares and many smaller players contributing substantially.

These prominent players are proactively involved in strategic endeavors like mergers & acquisitions, facility expansions, and collaborations to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to research and development, aiming to enhance their designs and integrate cutting-edge technologies, ensuring they maintain a competitive edge.

Smart Rings Market Companies

Major players operating in the smart rings industry include:

Bellabeat
Boat
Circular Ring
Fujitsu
Kerv Wearables
Log bar
McLear Ltd.
Moodmetric
Moen Smart Ring
Noise
Oura
Sky Labs
Sleepon Ring
Ultrahuman

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The smart rings industry size was USD 210 million in 2023 and is expected to register over 24.1% CAGR from 2024-2032 owing to the rising adoption of tablets, smartphones, and various other smart appliances worldwide.

The smart rings industry share from android operating system segment is expected to register 23% CAGR from 2024-2032 due to the growing number of active android users globally and better compatibility of android devices with wearable and peripheral devices.

Asia Pacific smart rings industry is expected to register over 25% CAGR from 2024-2032 due to the growing government initiatives from regional economies such as China and India towards the promotion of digitalization.

Bellabeat, Boat, Circular Ring, Fujitsu, Kerv Wearables, Log bar, McLear Ltd., Moodmetric, Moen Smart Ring, Noise, Oura, Sky Labs, and Sleepon Ring, are some of the major smart rings companies worldwide.