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Smart Rings Market size is set to grow by USD 34.40 billion from 2023-2027, Growing digitization of global economy to boost the market growth, Technavio

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NEW YORK, July 17, 2024 /PRNewswire/ — The global smart rings market size is estimated to grow by USD 34.40 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of 21.39% during the forecast period. Growing digitization of global economy is driving market growth, with a trend towards popularity of wearable devices as payment methods. However, presence of alternatives for smart rings poses a challenge. Key market players include Circular, E SENSES, FEMOMETER INC., Guangdong Jiu Zhi Technology Co.Ltd, iQibla LLC, Jakcom Technology Co. Ltd., MTG Co. Ltd., Nuanic Oy, Origami Group Ltd., Oura Health Oy, Rajmall Inventives Pvt. Ltd., Ringly Inc., SLEEPON, Smart Siren Technology Inc., TheTouch X s.r.o., Tokenize Inc., Ultrahuman Healthcare Pvt Ltd, Wellnesys Inc., McLear Ltd., and Pi Ring.

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Forecast period

2023-2027

Base Year

2022

Historic Data

2017 – 2021

Segment Covered

Technology (Bluetooth-enabled smart rings and NFC-enabled smart rings), Application (Notifications, Security, Payment, Health and wellness, and Data transfer), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

Circular, E SENSES, FEMOMETER INC., Guangdong Jiu Zhi Technology Co.Ltd, iQibla LLC, Jakcom Technology Co. Ltd., MTG Co. Ltd., Nuanic Oy, Origami Group Ltd., Oura Health Oy, Rajmall Inventives Pvt. Ltd., Ringly Inc., SLEEPON, Smart Siren Technology Inc., TheTouch X s.r.o., Tokenize Inc., Ultrahuman Healthcare Pvt Ltd, Wellnesys Inc., McLear Ltd., and Pi Ring

Key Market Trends Fueling Growth

The market for smart rings is experiencing growth due to the rising adoption of contactless payment technology. NFC chips, integrated into wearable devices like smart rings, enable contactless payments through a direct tap and pay system at POS terminals. This method offers several advantages, including reduced transaction time and eliminating the need to carry cash or cards. The use of wearable devices for contactless payment is still in its early stages, but several industries have begun accepting payments in this manner. For instance, McLEAR’s Ringpay Payment Ring allows users to make contactless payments of up to USD52 and offers member benefits and donation capabilities. The popularity of contactless payment is increasing, leading to partnerships between vendors and payment service providers to facilitate wearable device payments. Retail and clothing sectors are among those partnering to accept contactless payments through smartphones or wearables. The growing preference for contactless payments and the widespread adoption of contactless payment terminals worldwide are expected to fuel the growth of the global smart rings market. 

The Smart Ring Industry is experiencing significant growth as wearable technology advances. Cutting-edge technology like Bluetooth, accelerometers, gyroscopes, and heart rate monitors are integrated into these rings. Smart functions include health metrics tracking, such as heart rate and sleep patterns. Offline channels and online platforms sell these rings, with Kerv Wearables and Nod Ring being popular brands. Contactless payments are also a feature, allowing users to make transactions without a smartphone. AI and chatbots like ChatGPT enhance user experience. Smart Rings work with smart home appliances and IoT devices. Fashionable and unisex, these rings offer accurate fitness tracking, making them a reliable choice for athletic performance-focused audiences. The Bluetooth segment dominates, with Bluetooth-enabled smart rings outselling Wi-Fi models. Smartphone shipments and smart accessories sales indicate a growing market for these innovative rings. 

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Market Challenges

The smart rings market faces challenges due to the dominance of smartwatches in the wearable technology sector. Smartwatches, such as those from Apple, Samsung, Garmin, and Fitbit, offer various functionalities including making calls, messaging, and health monitoring. These devices provide quick access to multiple apps and have a large market share. However, the acceptance of smart rings is slower due to their limited features and compact size, which restricts the integration of multiple applications. Notifications, health and wellness, security, payment, and data transfer are the primary applications for smart rings. While there are technological advancements, the compact nature of smart rings makes it difficult to integrate all these applications into one device. End-users increasingly prefer wearable devices with the highest number of features and applications, making smartwatches and smart bands more attractive. This trend poses a significant threat to the growth of the smart rings market during the forecast period.The Smart Ring Industry is experiencing significant growth as these wearable devices gain popularity among consumers. However, the market faces challenges in both offline and online channels. In offline stores, limited consumer awareness and lack of physical try-on options hinder sales. In contrast, online sales face competition from smart home appliances and IoT devices. Smart Rings offer features like contactless transactions, monitoring of heart rate, sleep patterns, and fitness tracking. However, to succeed, they must appeal to fashion-conscious audiences and provide accurate data. Bluetooth-enabled smart rings, such as the Luna Ring with a titanium body, offer 70 health metrics including temperature and SpO2 levels. With a long battery life of up to 7 days, these rings can compete with smartwatches and fitness trackers. To expand the customer base, smart rings must integrate with Android and iOS devices, support Bluetooth and Wi-Fi, and cater to unisex audiences. The future of smart rings lies in IoMT devices, helping manage chronic health conditions.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This smart rings market report extensively covers market segmentation by

Technology 1.1 Bluetooth-enabled smart rings1.2 NFC-enabled smart ringsApplication 2.1 Notifications2.2 Security2.3 Payment2.4 Health and wellness2.5 Data transferGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Bluetooth-enabled smart rings- The Bluetooth segment is currently leading the global smart rings market due to the availability of features like notifications and alerts in Bluetooth-enabled rings. These rings require integration with a smartphone to function and have an average battery life of 2-7 days from a single charge. The compact size of these rings limits the battery capacity, leading to bulkiness. Oura Health and Motiv are notable vendors offering Bluetooth-enabled smart rings. Oura’s sleep-tracking ring monitors circadian rhythm, daily activities, pulse, and body temperature, while Motiv’s fitness tracker ring focuses on daily activities, heart rate, and sleep habits. Both companies offer aesthetically appealing designs with various color options. Vendors are also expanding the functionality of smart rings, enabling them to act as online security tools. These factors are expected to boost the growth of the Bluetooth-enabled smart rings market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017 – 2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global rings market is experiencing robust growth driven by fashion trends and cultural significance worldwide. Key players are innovating with sustainable materials and personalized designs, catering to diverse consumer preferences. Growth is fueled by increasing disposable incomes and online retail expansion.

Global Slip Rings Market:

The global slip rings market is expanding with advancements in robotics, automation, and renewable energy sectors. Key trends include miniaturization, high-speed data transfer capabilities, and enhanced reliability for critical applications. Growth is propelled by industrial automation and the adoption of slip rings in wind turbines and medical equipment.

Research Analysis

The Smart Rings market is a burgeoning segment of the wearable technology industry, featuring cutting-edge rings infused with advanced features. Equipped with Bluetooth technology, these rings connect seamlessly with smartphones and tablets, offering smart functions such as contactless payments, heart rate monitoring, and sleep pattern tracking. Powered by sensors including accelerometers and gyroscopes, these rings provide real-time health metrics, enabling users to monitor their fitness levels and overall wellbeing. The Smart Ring Industry is poised for significant growth, with offline and online channels driving sales. Integration with smart home appliances and IoT devices expands their functionality, making them an essential part of a connected lifestyle. Fashion-forward designs ensure these rings are not just functional but also stylish additions to any wardrobe. Reliable sources predict robust smartphone shipments and increasing demand for smart accessories will fuel the market’s expansion, making contactless transactions and advanced monitoring capabilities more accessible than ever.

Market Research Overview

The Smart Rings Market is a burgeoning sector of wearable technology, featuring cutting-edge Bluetooth-enabled rings that offer smart functions and health metrics. These rings integrate sensors such as accelerometers, gyroscopes, and heart rate monitors to provide accurate fitness tracking, sleep patterns, and calorie counting. They can be synced with smartphones, tablets, and even smart home appliances via IoT devices. Offline channels and contactless payments are also becoming integral parts of the Smart Ring Industry. Rings like Kerv Wearables and Nod Ring offer contactless transactions, making everyday purchases more convenient. AI and chatbots like ChatGPT are being integrated to provide personalized coaching and insights. Smart Rings cater to unisex audiences and come in various materials like titanium. They offer reliable sources of health data, monitoring heart rate, sleep patterns, temperature, SpO2 levels, and more. With up to 7-day battery life and compatibility with Android and iOS devices, these rings are becoming essential smart accessories for fitness enthusiasts and those with chronic health conditions. The Bluetooth segment of the smart rings market is expected to grow significantly, with the market value projected to reach new heights in the coming years.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyBluetooth-enabled Smart RingsNFC-enabled Smart RingsApplicationNotificationsSecurityPaymentHealth And WellnessData TransferGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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DreamSmart Held AI Ecosystem Launch Event to Unveil Its Full Range of Products

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BEIJING, Sept. 25, 2024 /CNW/ — On September 25, 2024, the DreamSmart AI Ecosystem Launch Event was held in Beijing. DreamSmart released a number of new technology products, including Meizu Lucky 08 AI smart phone, AR smart glasses StarV View, StarV Air 2, smart ring StarV Ring 2, Z10 STARBUFF customized e-sports car jointly created by DreamSmart and Lynk & Co, etc.

DreamSmart has developed an ecological layout in which the two major product series brands, namely Star and Meizu, are parallel, and the three product categories, namely smart phones, smart glasses and smart cars, are developing together.

Meizu Lucky 08 comes in two colors, namely starshine white and meteorite black, with a 6.78-inch 8T LTPO 144Hz 1.5K screen. Equipped with a second-generation Snapdragon 7s mobile platform, a 6000mAh battery, and a 100-million-pixel ultra-clear main camera with an ultra-wide field of view, Meizu Lucky 08 adopts new star rail technology aesthetics to create a unique sense of spatial hierarchy. In addition, Meizu Lucky 08 is specially equipped with a multi-functional AI button supporting more than 100 flagship AI technologies.

Optical waveguide display solution is adopted for StarV Air2 AR smart glasses, which weigh only 44 grams. Equipped with the self-developed StarVision system and a 0.15cc ultra-small single green light engine, StarV Air 2 AR smart glasses support real-time dialogue translation based on AI, flash memory based on AI, AI voice assistant, AR navigation and other functions.

Another StarV View AR glasses equipped with a “high-definition giant screen” use BirdBath technology to create a giant screen experience equivalent to a 188-inch screen effect from 6 meters away. To meet the needs of myopia users, StarV View supports 0-600 degree myopia regulation for the left and right eyes respectively, without the need to install myopia lenses.

StarV Ring 2, a two-in-one smart ring, supports non-invasive blood glucose trend detection and touch interaction in an innovative manner, supports sleep stress monitoring, body temperature trend and blood oxygen monitoring, exercise heart rate monitoring and other functions, as well as realizes multi-device control and operation interconnection. Users can easily use the ring to control StarV Air 2 glasses and smart phones.

As the first customized e-sports car jointly created by DreamSmart and Lynk & Co, Z10 STARBUFF is deeply customized for e-sports fans. It is equipped with the world’s first Flyme Auto high-energy e-sports entertainment cockpit which has a gaming function comparable to that of a PC, as well as a number of hardcore devices including ECARX Makalu Computing Platform, AMD V2000A desktop chip, AMD RX6600M discrete graphics card, water-cooled heat dissipation, Samsung OLED automotive grade high-refresh screen, 1TB solid-state drive and 5G high-speed in-vehicle network. The cockpit layout is also customizable for e-sports users, and it is equipped with Harman Kardon 23-speaker luxury audio for a more immersive in-cabin audio experience.

As presented at the DreamSmart AI Ecosystem Launch Event, Flyme AIOS has deeply integrated AI into all levels of the operating system, providing users with a total of more than 100 AI functions. AI smart phones have been widely recognized by users; XR smart glasses have accompanied users to travel to more than 30 countries and regions, with the “multilingual AI translation” function being used for more than 100,000 hours; Flyme Auto smart cockpit operating system serves nearly 200,000 car owners; and Flyme Auto open platform has supported 14 car models, and is about to support more automotive brands.

At the launch event, Su Jing, CEO of DreamSmart, and Liao Qinghong, COO of DreamSmart, invited partner representatives and user representatives to the stage to jointly light up Sphere, the world’s largest spherical immersive venue in Las Vegas. DreamSmart showed the world its strong scientific and technological strength and broad development prospects.

DreamSmart is a global technology company with a business footprint that has expanded from the Chinese market to overseas regions including Eastern Europe, the Middle East, Southeast Asia and Latin America. In the future, DreamSmart will work with a number of partners to jointly build a global intelligent travel technology ecosystem, providing users with multi-terminal, full-scenario, and immersive integration experiences.

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SOURCE DreamSmart

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Sucden Financial Appoints Head of Exchange-Traded Derivatives

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LONDON, Sept. 25, 2024 /PRNewswire/ — Sucden Financial, the multi-asset execution, clearing and liquidity provider, has appointed Rob Noyce as Head of Exchange-Traded Derivatives.

Rob has spent the past 20 years at major global financial institutions, including UBS, Citigroup, and Barclays Capital, focusing on listed derivatives and electronic execution. He will lead Sucden Financial’s non-LME exchange-traded business, with a particular focus on growth and adding value for clients through technology, innovation and electronification.

Before joining Sucden Financial, Rob spent over five years as Director of EMEA Electronic Execution Sales for Listed Derivatives at UBS, where he was responsible for new business and monetisation of existing futures and options e-execution clients. Prior roles include Head of Futures E-Trading Sales and Relationship Management at Citigroup Global Markets, Vice President of Futures E-Sales at Barclays Capital and EMEA Derivatives and FX Sales Director at Bloomberg Tradebook Europe. 

Marc Bailey, CEO of Sucden Financial, said:

“Rob has an excellent track record of implementing technological change and driving business growth at some very large financial institutions. We’re delighted to welcome him to the Sucden Financial team. Rob will play an important role in driving innovation, continuing to grow our business and providing clients with an enhanced service.”

Rob Noyce as Head of Exchange-Traded Derivatives, Sucden Financial, commented:

“I am delighted to have joined Sucden Financial, which has a strong background in the ETD space. I believe there is a significant opportunity to grow the listed derivatives business and increase efficiency by focusing on technology, innovation and electronification.”   

About Sucden Financial

With a history and heritage in commodity futures and options trading, Sucden Financial has evolved and diversified to become a leading global multi-asset execution, clearing and liquidity provider across FX, fixed income, and commodities.

Sucden Financial has a proven track record of over 50 years in financial markets. Since its foundation in 1973, it has been supported by its parent, Sucden, one of the world’s leading soft commodity trading groups, while remaining fully independent in its day-to-day trading operations.

Sucden Financial Limited is authorised and regulated by the Financial Conduct Authority.

sucdenfinancial.com

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linkedin.com/company/sucden-financial/
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Baseus Creates Sound That Moves You with the New Bowie 30 Max Noise Cancelling Headphones

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NEW YORK, Sept. 25, 2024 /PRNewswire/ — As a global leader in the consumer electronics industry, Baseus has always been passionate about creating minimalist products that are easy to use and prioritize the user’s needs. To add to this extensive and innovative range of products, Baseus is excited to unveil the latest Bowie 30 Max Noise Cancelling Headphones. These incredible head-tracking spatial audio headphones provide excellent sound quality and immersive noise canceling – making them the ideal companion when traveling, exercising, or doing outdoor activities.

The Baseus Bowie 30 Max Noise Cancelling Headphones also come highly recommended by GRAMMY and EMMY award winners to ensure a level of sound engineering worthy of those accolades. Let’s explore some of the key features of these pioneering headphones:

Head-Tracking Spatial Audio Technology: The Baseus Bowie 30 Max Noise Cancelling Headphones use innovative head-tracking spatial audio technology with built-in gyroscopes and accelerometers. These work together to ensure smooth and accurate tracking of head movements to give users a truly immersive and lifelike sound experience with cinematic 3D audio.

-45dB Active Noise Canceling: Enjoy undisrupted entertainment with -45dB Active Noise Canceling that blocks out 96% of external sound. Baseus Bowie 30 Max Noise Cancelling Headphones also come with built-in dual Active Noise Canceling microphones that use digital noise cancellation technology to detect and cancel out a wide range of low and mid-frequency noises – such as cars, airplane engines, and other background sounds. Soft earmuffs also provide a greater sound seal and build a comfortable, immersive, and private space for your listening.

Hi-Res Audio Wireless/Wired Certified: The Baseus Bowie 30 Max Noise Cancelling Headphones ensure superior audio resolution that goes beyond your imagination. The use of LDAC technology in the headphones enables the transmission of audio content at the maximum bitrate of 990kbps – even over Bluetooth. This includes high-resolution audio and increases audio detail up to 3 times when compared to average audio designs.

50mm SuperBass Drivers: Feel a 200% bass increase with the 50mm SuperBass drivers inside your Baseus Bowie 30 Max Noise Cancelling Headphones. With extensive research on user listening habits, Baseus has taken to using the latest SuperBass acoustic algorithms to amplify sound excellence. The technology seamlessly upgrades every frequency within the human audible range without compromising sound quality – ultimately boosting the bass experience by up to 200% and creating an immersive audio experience like no other.

65-Hour Battery Life and Baseus Rapid Charge: Enjoy your superior sound with a 65-hour long battery life from your Baseus Bowie 30 Max Noise Cancelling Headphones. The extended battery life ensures that your headphones adapt to use on long journeys, outdoor treks, and other time-consuming activities. Baseus understands the frustration of a low battery on a long trip, so we’ve also ensured that your Bowie 30 headphones give you 14 hours of playtime with a quick 10-minute charge – giving you less time to wait and more time to play.

Foldable and Compact Design: The Baseus Bowie 30 Max Noise Cancelling Headphones are designed for efficiency and portability. The compact, foldable, and 120° rotatable earcups make the headphones ideal for storage and traveling while the unique and customizable headband ensures a comfortable fit with soft ear cushions to give you easier extended wear. The Bowie 30 max headphones also use a monaural fold design to ensure lightweight and functional ease.

Baseus is dedicated to providing enhanced and innovative products that entertain users while ensuring peak comfort, immersive sound, and amplified audio engineering. At Baseus, boundaries are always being pushed to create a simpler and more convenient lifestyle for users. The Baseus Bowie 30 Max Noise Cancelling Headphones are a clear example of – and step towards – technology that redefines sound excellence as something seamless, affordable, and inherent in every Baseus product.

Availability:

The Baseus Bowie 30 Max ANC Headphones will launch an Early Bird event on the Baseus website starting September 25th at an MSRP of $99.99.

From September 25th to October 1st, the headphones will be available at a special price of $51.99, followed by a price of $55.99 from October 2nd to October 7th.

They will be available on Amazon.com starting October 8th, and on Amazon UK and Europe from October 15th.

About Baseus

Founded in 2011, Baseus was born out of utmost care for users. The company embodies its slogan: Practical. Reliable. Base on User. This shows the pursuit of ultimate practicality to solve users’ problems with outstanding design and fashionable appearances that also reflect reliability, high quality, and cost-effectiveness. Baseus delivers a variety of products – including Portable Chargers, Desktop Chargers, Wall Chargers, Wireless Earbuds, and Docking Stations. Chosen by 300 million users and providing 6 billion services, Baseus delivers over 100 million practical and aesthetic products each year, continuously enhancing users’ sense of fulfillment. Join the Baseus family today to see a new world of technological innovation.

Media Contact:
Name: Baseus PR Team
Phone: +1 (213) 512-7063
Email: pr@baseus.com
Baseus Technology (HK) Co., Ltd

 

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SOURCE Baseus Technology (HK) Co., Ltd

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