Dublin, Oct. 26, 2020 (GLOBE NEWSWIRE) -- The "Smart Rings - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Smart Rings Market to Reach $12.6 Million by 2027
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$2.2 Million by the year 2027 trailing a CAGR of 20.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.2% and 17.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.7% CAGR.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Jakcom Technology Co., Ltd.
Mota Group, Inc.
Oura Health Ltd.
TheTouch X s. r. o.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Smart Rings Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
Smart Rings Global Market Estimates and Forecasts in US$ by Region/Country: 2020-2027
Smart Rings Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
Bluetooth-based Smart Rings (Technology) World Market by Region/Country in US$: 2020 to 2027
Bluetooth-based Smart Rings (Technology) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
NFC-based Smart Rings (Technology) Potential Growth Markets Worldwide in US$: 2020 to 2027
NFC-based Smart Rings (Technology) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
Smart Rings Market Share (in %) by Company: 2019 & 2025
Smart Rings Market in US$ by Technology: 2020-2027
Smart Rings Market Share Breakdown by Technology: 2020 VS 2027
Total Companies Profiled: 38
For more information about this report visit https://www.researchandmarkets.com/r/b7t2z0
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