{"id":351134,"date":"2025-02-08T18:03:10","date_gmt":"2025-02-08T12:33:10","guid":{"rendered":"https:\/\/www.technologyforyou.org\/?p=351134"},"modified":"2025-02-08T18:03:10","modified_gmt":"2025-02-08T12:33:10","slug":"smartwatches-and-smart-rings-set-to-lead-another-growth-surge-for-wearables-market","status":"publish","type":"post","link":"https:\/\/www.technologyforyou.org\/smartwatches-and-smart-rings-set-to-lead-another-growth-surge-for-wearables-market\/","title":{"rendered":"Smartwatches and Smart Rings Set to Lead Another Growth Surge for Wearables Market"},"content":{"rendered":"

The wearables sector will be driven by smartwatches and smart rings, fueled by ongoing post-pandemic healthcare concerns and advanced device availability.<\/span>\u00a0<\/i>\u00a0<\/i>\u00a0<\/i><\/p>\n

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The wearables sector, following a pandemic-driven surge in 2020, is poised for a return to growth. Fueled by continued post-pandemic consumer interest in healthcare and the availability of advanced devices, the market will be led by smartwatches and emerging smart rings. These devices are increasingly used for tracking fitness, health metrics, and chronic disease symptoms. According to global technology intelligence firm\u00a0ABI Research<\/strong>, worldwide shipments of wearables totaled 375 million in 2023, with projections to reach 591 million by 2029, growing at a CAGR of 7.7%.<\/p>\n

\u201cHealth and fitness tracking remain the driving forces behind wearables post-pandemic, with advancements in connectivity and integrated sensors offering consumers more features at lower prices,\u201d says David McQueen, Research Director at ABI Research.<\/strong><\/p>\n

Smartwatches, which accounted for over 40% of shipments in 2023, will continue to dominate, boosted by\u00a0Apple\u2019s Watch series and growing shipments from brands like\u00a0Huawei\u00a0and\u00a0Honor. New features, such as blood pressure monitoring using an inflatable wrist strap, and expansion into emerging markets like India, will drive further growth. However, some categories, such as fitness bands, may see decreased demand as use cases overlap with other devices.<\/p>\n

Smart rings, a rapidly growing sector, are gaining traction due to their simplicity and comfort. Used for contactless payments, health tracking, and smart home integration, smart rings offer precise data through proximity to the skin. While the market is fragmented, companies like\u00a0Oura\u00a0and\u00a0McLEAR\u00a0are leading, with major brands like\u00a0Samsung\u00a0and Apple expected to drive broader consumer awareness. The smart ring market is predicted to grow to 70.5 million shipments by 2029, though it will still account for just 6% of the wearables market.<\/p>\n

Despite their momentum, wearables have yet to fully embrace cellular connectivity, which could enable real-time data transmission for new use cases, particularly in healthcare. While 4G smartwatches dominate the connected wearables market, the introduction of 5G Lite (RedCap) and chipset innovations from\u00a0Qualcomm\u00a0and\u00a0MediaTek\u00a0could expand cellular-enabled devices, especially smartwatches.<\/p>\n

\u201cThe next phase of growth will likely come from enhanced functionality\u2014better battery life, improved fitness metrics, and more affordable designs,\u201d McQueen concludes. \u201cGesture control and advancements in blood glucose measurement could also be game changers for the sector.\u201d<\/p>\n

These findings are from ABI Research\u2019s\u00a0Wearables and Mobile Accessories Market Share and Forecasts\u00a0market data and analysis reports.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The wearables sector will be driven by smartwatches and smart rings, fueled by ongoing post-pandemic healthcare concerns and advanced device availability.\u00a0\u00a0\u00a0 The wearables sector, following a pandemic-driven surge in 2020, is poised for a return to growth. Fueled by continued post-pandemic consumer interest in healthcare and the availability of advanced devices, the market will be […]<\/p>\n","protected":false},"author":1,"featured_media":286449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[37182],"class_list":{"0":"post-351134","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","8":"tag-smartwatches-and-smart-rings-set-to-lead-another-growth-surge-for-wearables-market"},"_links":{"self":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/351134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/comments?post=351134"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/351134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media\/286449"}],"wp:attachment":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media?parent=351134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/categories?post=351134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/tags?post=351134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}