DUBLIN, September 27, 2021--(BUSINESS WIRE)--The "Smart Rings - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Smart Rings estimated at US$3.4 Million in the year 2020, is projected to reach a revised size of US$12.6 Million by 2027, growing at a CAGR of 20.8% over the period 2020-2027.
Bluetooth-based Smart Rings, one of the segments analyzed in the report, is projected to record 18.3% CAGR and reach US$7.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the NFC-based Smart Rings segment is readjusted to a revised 25.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1 Million, While China is Forecast to Grow at 20.5% CAGR
The Smart Rings market in the U.S. is estimated at US$1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Million by the year 2027 trailing a CAGR of 20.5% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.2% and 17.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.7% CAGR.
Select Competitors (Total 38 Featured):
Jakcom Technology Co., Ltd.
Mota Group, Inc.
Oura Health Ltd.
TheTouch X s.r.o.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/g3s8tn
View source version on businesswire.com: https://www.businesswire.com/news/home/20210927005409/en/
Laura Wood, Senior Press Manager
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