Global Market for Smart Rings
Dublin, Aug. 15, 2023 (GLOBE NEWSWIRE) — The “Smart Rings – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Smart Rings Market to Reach $23 Million by 2030
The global market for Smart Rings estimated at US$5 Million in the year 2022, is projected to reach a revised size of US$23 Million by 2030, growing at a CAGR of 20.9% over the analysis period 2022-2030. Bluetooth-based Smart Rings, one of the segments analyzed in the report, is projected to record 18.1% CAGR and reach US$12.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the NFC-based Smart Rings segment is readjusted to a revised 25.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.6 Million, While China is Forecast to Grow at 20.5% CAGR
The Smart Rings market in the U.S. is estimated at US$1.6 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$4 Million by the year 2030 trailing a CAGR of 20.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.1% and 17.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.7% CAGR.
This comprehensive report delves into the global Smart Rings market, providing analysis across various geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, and Rest of World.
The report covers the recent past, current, and future trends for the years 2022 through 2030, offering an independent analysis of annual sales in US$ and the compound annual growth rate (CAGR) for each