Overview

• Honor announces its entry into the smart ring market, planning to launch the Honor Ring later this year, potentially alongside Samsung's Galaxy Ring.
• Samsung's Galaxy Ring, unveiled at MWC 2024, focuses on health tracking, including sleep, stress, and heart rate monitoring, with FDA clearance for its sleep apnea feature.
• The smart ring market, valued at $147.1 million in 2022, is expected to grow to $1,405.1 million by 2032, with new entrants like Samsung and Honor.
• Samsung plans to produce between 400,000 and 500,000 Galaxy Ring units initially, indicating high expectations for the product.
• Apple is also reportedly developing a smart ring, focusing on health tracking features similar to those of the Galaxy Ring.