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.
Technavio’s 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
Technavio's 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 driver - Advances in technology and miniature electronic components. - For a full, detailed list, view our report
Market challenge - Low participation from leading consumer electronic device manufacturers. - For a full, detailed list, view our report
Market trend - Investments by crowdfunding campaigns and venture capitalists. - For a full, detailed list, view our 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?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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