Tech Giants Enter the Smart Ring Market, Signaling Rapid Growth

With Honor and Samsung announcing new smart rings and Apple rumored to be developing its own, the smart ring market is set to expand significantly.

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.