In February, Samsung Electronics smart ring Galaxy Ring debuted at the 2024 MWC exhibition, focusing on health, the listing time may be the middle of this year.

 

 

 

A month ago, Huami also released a new Helio Ring smart ring at the 2024 CES exhibition, focusing on sports and health.

 

 

 

Foreign media said that Apple has been awarded a patent called "equipped with sensors and haptic feedback, worn on the finger device", and then speculated that Apple is developing a smarter high-end ring with interactive features.

 

 

 

There is also Glory CEO Zhao Ming also revealed that Glory is developing a smart ring. Industry peers directly refers to is that the glory smart ring project is with Youhong in cooperation with the development.

 

 

 

Before the above information, a group of Shenzhen consumer electronics industry chain pioneers who dare to eat crabs, has long been due to market demand in the smart ring to earn the first bucket of gold in 2023, and began to proceed to promote at least more than 100 million yuan in revenue in 2024 planning.

 

 

 

 

Chaodian research data show that the market price of smart rings with health detection has been close to 200 yuan from the past, and quickly competed to less than 100 yuan.

 

 

 

In the middle of 2023, the global monthly shipment of smart rings was still around 50,000 units; however, by February 2024, the global monthly shipment of smart rings was close to 200,000 units, an increase of 400%; it is expected that by the end of 2024, the monthly shipment of smart rings will exceed 1 million units.

 

 

 

The rapid growth of the smart ring market mainly relies on two reasons, one is that the decorative attribute itself can attract a part of users with health tracking needs, and the other is that it can also replace the basic health monitoring needs of a part of smartwatch users.

 

 

 

Based on the development trajectory of smartwatches in the past few years and the market planning of participating manufacturers, Chaodian Think Tank expects that smart rings will form a big race track with billions of shipments in 2025, which will become the fourth frenzied new race track with more than one hundred million annual shipments, following cell phones, TWS, and smartwatches. This is the fundamental reason why consumer electronics brand giants such as Samsung, Huami, and Glory are rapidly entering the game.

 

 

 

At this stage, manufacturers who have entered or want to enter the smart ring industry chain are either in the wait-and-see R&D stage or in the layout of starting to improve product quality, efficiency and more functionality.

 

 

 

Chaodian understands that the solution to the problem of small batteries is the key reason why the price of smart rings has dropped at this stage, but there are still many problems to be upgraded and improved, such as material assembly, chip function enhancement, charging head rust prevention, etc. This naturally has also become an opportunity for participants in the smart ring industry chain to dig for gold. This is also one of the few huge industrial opportunities in China's consumer electronics industry chain in 2024.

 

 

 

On March 12, the "2024 Smart Wearable Ring Hundred People High Quality Conference" themed on "Smart Health with a Small View" by ChaoDian aims to unite the strength of the whole industry chain of smart rings, and witness the birth of a new billion-dollar track of smart rings through the demonstration and exchange of innovative power. The conference aims to gather the power of the whole industry chain of smart rings, display and exchange innovative power, and witness the birth of a billion new track of smart rings, as well as share the market dividends of the billion new track.