Smart Rings Statistics 2024 By Country, Brands and Users

Introduction

Smart Rings Statistics: After the outbreak of the COVID-19 pandemic, global people become more conscious about their health and fitness this is the reason why people are showing more interest in smart health and fitness devices. Over smart rings, sectors are growing with billions of users around the world. Due to the rapid technological developments, the market is also evolving enormously around the world in recent days and will enhance more in the coming future.

Several brands manufacture new smart rings every year, and if you are thinking of buying one, this article on smart ring Statistics includes insights from various aspects that shed light on the global importance of this smart device.

Editor’s Choice

• A report published by Customer Market Insights states that the expected global growth of the Smart Rings Market is going to reach a CAGR of 21% from 2023 to 2032.
• By 2023, the market size valuation has accounted for USD 5.93 million, which has increased from 2022 ($4.1 million).
• The online segment is the largest market segment with a market share above 63.48%.
• The global market size of Smart Rings is expected to reach above USD 22.49 million by the end of 2032.
• Counterpoint published a report stating that by 2024, the sales volume of smart rings in India will reach $25 million (Rs 207 crore).
• The major players in this industry are Akcom, Kerv Wearables, NFC Ring, Ringly, Logbar, Mota, and others.
• The North American region captured the largest market share of the Smart Ring market, with a 34% share in 2023.
• As of 2028, the market size of the global smart ring is expected to gain USD 1096.54 million at a CAGR of 29.39% from 2022 to 2028.
• The market is expected to reach USD 747.41 million with a CAGR of 25.8% from 2023 to 2030.

(Reference: custommarketinsights.com)

What is Smart Rings?

This is a wearable electronic device those are available in the usual size of traditional rings that can be easily connected via Smartphone so that users can manage a few applications such as receiving calls and replying to short messages, and many other activities. This smart device also includes a gesture control function when it’s connected via an electronic device.

Facts About Smart Rings

• Smart rings are used for tracking activity, notification alerts, health and wellness, payment and authentication, communication, timekeeping, navigation, smart home control, fashion and personalization, and emergency alerts.
• The leading manufacturers of the Smart Rings industry are Boat, Noise Oura, e-Senses, McLear Ltd, Bellabeat, Motiv, Circular Ring, Sleepon, Kerv Wearables, etc.
• Technologies used in the smart ring market are Bluetooth and NFC.

(Source: technavio.com)

• As of the above graph analysis, the largest market share of the Smart Ring market is accounted by North America with a share of 34% in the year 2023.
• The smart rings are segmented into 3 operating systems Microsoft Windows, Android, and iOS.
• According to the reports of transparency market research, Android OS in the smart rings industry is going to lead by the end of 2023 as monthly Android users are going to be 2 billion and iOS users around 1 billion.

General Smart Rings Statistics

• As of 2023, the total revenue earned by Boat is $500 million.
• Research and Market report analysis states that the market size of Smart Rings in the United States accounted for almost $1.6 million.
• Whereas, in 2022 the market value of Smart Rings Main Unit in the Asia Pacific region was $686 million, with the market growth going to reach a CAGR of 8.2% from 2023 to 2032.
• Whereas, by the end of 2032, the market valuation is expected to grow above $1.5 billion.
• As of October 2023, the total number of visitors to smartringsnews.com was 66.6K and the bounce rate was around 69.12%.
• The website smartringnews.com has 86.38% organic traffic and 11.25% direct traffic.
• In the United States, the global rank of the website is 2.92 million which has increased by 55.8K.

By Company

• The major players in the Smart Ring industry are Bellabeat, Boat, McLear Ltd., Motiv, Noise, etc.
• According to Data Horizon Research reports, as of 2023 total revenue earned by Boat is $500 million.
• Furthermore, revenue generated by other companies is followed by Bellabeat ($30 million), McLear Ltd. ($1.77 million), Motiv ($1.1 million), and Noise ($243 million).

By Country

• The United States had the largest market share in the Smart Rings industry, with almost $1.6 million in 2022.
• China will earn the second-largest market share, with a market valuation of $4 million by 2030 and a CAGR of 20.5% from 2022 to 2030.
• During the forecasted period, the markets of other countries are predicted to grow in Japan (18.1%), Canada (17.8%), Europe, and Germany (14.7%) CAGR.

By Users

(Source: maximizemarketresearch.com)

• According to Maximize Market Research reports, in the United States the number of smart rings users has reduced to 7% in 2022 and revenue accounted by the users was $78.1 million.
• Furthermore in the U.S. expected smart rings users statistics by change percentage and revenue earned in coming years are followed by 2024 (6% and $82.7 million), 2026 (5% and $86.78 million), and 2029 (4% and $90.041 million).

Smart Ring Brand Adoption Statistics by Asian Countries

• The smart rings industry is highly competitive in the Asia Pacific region in which the adoption rate of Apple smart rings remained highest in Hong Kong with a 44% share.
• Other brand adoption shares are followed by Samsung (20%), Xiaomi (20%), Boat (13%), and others (3%).
• Japan: Apple (40%), Samsung (2%), Xiaomi (7%), Boat (4%), and others (47%).
• Taiwan: Apple (32%), Samsung (12%), Xiaomi (29%), Boat (18%), and others (9%).
• Vietnam: Apple (29%), Samsung (35%), Xiaomi (24%), Boat (10%), and others (2%).
• Thailand: Apple (29%), Samsung (23%), Xiaomi (25%), Boat (5%), and others (18%).
• Singapore: Apple (29%), Samsung (18%), Xiaomi (10%), Boat (3%), and others (40%).
• China: Apple (28%), Samsung (8%), Xiaomi (42%), Boat (4%), and others (18%).
• South Korea: Apple (25%), Samsung (51%), Xiaomi (11%), Boat (6%), and others (7%).
• Malaysia: Apple (20%), Samsung (19%), Xiaomi (29%), Boat (5%), and others (27%).
• Philippines: Apple (20%), Samsung (29%), Xiaomi (22%), Boat (4%), and others (25%).
• India: Apple (18%), Samsung (30%), Xiaomi (29%), Boat (16%), and others (7%).
• Indonesia: Apple (15%), Samsung (38%), Xiaomi (39%), Boat (7%), and others (1%).

Website Traffic Statistics of Smart Rings

By Country

(Source: similarweb.com)

• As of October 2023, the United States of America had 24.42% of total traffic on smartringnews.com, but it recorded a decrease in total website visitors by 0.4%.
• Other countries recorded the following contribution in total traffic: the United Kingdom = 5.28% (+2.89%), Australia = 4.15% (+101.4%), Turkey = 2.3% (+34.88%), Czech Republic (2.17%), and other countries collectively made around 61.68%.

By Device

(Reference: semrush.com)

• Around the world, 61.67% belong to mobile users, and 38.33% belong to desktop smart ring users.
• 42.05% of total Smart Rings users belong to the United Kingdom resulting in 15.35K, out of these 100% are mobile users.
• The United States has 8.84K users resulting in 24.22% out of these 100% belonging to desktop.
• Out of the total players, 19.62% are from Italy resulting in 7.16 thousand, with 100% access to mobile devices.
• In Australia and Hong Kong, there are around 1.7K and 1.16K respective players resulting in 3.76% and 3.19%.
• Out of these desktop viewers of Australia and Hong Kong are followed by 100% and 100% users have accessed respectively.

By Age Distribution

(Reference: similarweb.com)

• The Smart Ring Statistics by the demographic state that, the highest number of users observed is between the age group of 25 years to 34 years resulting in 33.54%.
• There are 19.19% of smart ring users aged between 35 years to 44 years.
• 17.38% and 12.54% belong respectively to 45 years to 54 years and 45 years to 54 years.
• Only 8.42% of users are aged between 18 years to 24 years.
• And there are 8.2% of Smart rings users contributing from the age group of 65 years and above.
• According to the reports of the similar web, the male and female users are 56.2% and 43.8% respectively.

By Marketing Channel Distribution

(Reference: similarweb.com)

• According to Smart Rings Statistics, the highest rate of traffic towards smartringnews.com is by organic search resulting in 86.38%.
• 11.25% is direct sources while 2.1% is from social media and 0.27% is from mail.

Best Smart Rings

(Source: zdnet.com)

• Oura Ring Gen3 (overall best smart ring) Costs $299
• This ring requires $5.99 monthly membership costs
• Specifications require only 20 to 80 minutes to get fully charged, battery life is 4-7 days, easily compatible with iOS and Android, includes automatic firmware updates, and can be used in airplane mode.

(Source: zdnet.com)

• McLear RingPay (best for contactless payments) material uses hypoallergenic ceramic which costs $114
• Specifications: This device has built its first near-field communication or wireless data transferring for unlocking doors digitally.
• The best features are compatible with iOS and Android, waterproof, charging is not required, and available in different sizes starting from 4.5 to 16.

(Source: amazon.com)

• Leagway R Smart Ring (with the best multi-functional screen mode)
• This smart wearable costs around $24.99 and is available at Amazon
• This is one of the best contactless payment rings which is connected via NFC card readers.
• Specifications include multi-functional screen modes, made up of epoxy crystal ceramic, volcanic magnet, and germanium Grau.
• The advantages are waterproof, fall-resistant, does not require a charge, and unlocks the phone screen.

(Source: zdnet.com)

• Circular Ring (best ring for tracking health) made up of hypoallergenic material; with interchangeable out shells.
• Specification: This device is compatible with both Android and iOS, charging time required 60 minutes, and battery life (of 4 days), and is water resistant.
• This smart ring cost almost $395

(Source: amazon.com)

• Oumij NFC Smart Ring (best designed)
• This is built with an ultra-sensitive chip termed NFC (near-field communication chip) this is not just a smart wearable but a smart jewelry ring with innovative technology included within.
• Available at Amazon it costs $13.86, the dimension of the product is 1.57*1.97*0.2 inches, and the weight (is 0.352 ounces).
• The benefits are waterproof, launches applications instantly, does not require charge, sleek with an attractive design.

Conclusion

After completing the article on Smart Rings Statistics, it can be easily stated that this is the latest wearable technology in recent days as this device includes several advantages and features. If still you are not using it then go and give it a try once but before making your purchase must go through the above detailed variations that are best suitable for you. The markets of Smart Rings are enhancing and the future is looking bright due to more innovation in technology. These articles include possible information those are explained elaborately and, hopefully, will help to understand the topic better.