DUBLIN, Nov. 15, 2024 (GLOBE NEWSWIRE) — “Luxury Smart Jewelry Market Size, Share and Trends by Products (Smart Rings, Smart Bracelets), Applications (Fitness Tracking, Heart Rate Monitoring), Age Group, and Distribution. The “Channel, Region, and Segment Forecast, 2024-2030” report has been added to ResearchAndMarkets.com’s offering.
The global luxury smart jewelry market size is expected to reach USD 429.97 million by 2030, registering a CAGR of 18.7% from 2024 to 2030.
Factors such as increasing demand for multifunctional and aesthetically appealing jewelry and increasing adoption of wearable technology are accelerating the market growth. Smart jewelry with advanced features such as personalized communications, notifications, and fitness tracking is gaining popularity among consumers. Additionally, integration of Internet of Things (IoT) technology and increasing focus on wellness and health are expected to further propel the market growth during the forecast period.
The growing focus on fitness and personal health is one of the major factors behind the growing popularity of smart rings. Consumers are increasingly prioritizing their health and seeking devices that track important health metrics such as physical activity levels, sleep patterns, and heart rate. Smart jewelry has advanced biometric monitoring capabilities, making it an essential tool for fitness and health enthusiasts. Furthermore, the prevalence of chronic diseases requires continuous health monitoring. For example, an estimated 129 million people in the United States have at least one major chronic disease, according to a paper published in February 2024 by the Centers for Disease Control and Prevention (CDC).
With the growing popularity of these gadgets among professional and amateur athletes, the demand for fitness and wellness items is likely to increase. Additionally, the industry is expected to benefit from increased public awareness of the benefits of wearable electronics, increased disposable income, and increased smartphone penetration. Research and development efforts of several market players further drive growth opportunities. For example, market participants such as Bellabeat Inc., RINGLY, and invisaWear offer smart jewelry products.
Market players are implementing strategic initiatives such as expansion of sales networks, product development and launches, and global expansion through partnerships and subsidiaries. Additionally, companies are investing in advanced technology to improve product functionality and accuracy. For example, in July 2024, Samsung introduced Galaxy Ring, a novel and innovative wearable device. It uses small sensors to track various health metrics. The company announced this smart ring at the Galaxy Unpacked event.
Highlights of the Luxury Smart Jewelry Market Report
Based on applications, the fitness tracking segment dominated the market in 2023 due to rising health and fitness awareness and rising internet and smartphone penetration. Based on product, smart rings dominated the market in 2023. Benefits associated with these rings include various tracking and monitoring. Health indicators such as blood oxygen levels, sleep patterns, heart rate, and body temperature are driving adoption. Based on age group, adults dominated the market in 2023. Health and fitness awareness is on the rise, especially among the tech-savvy younger generation. Based on the distribution channels where adult and working class population will drive the growth of this segment, the online segment will grow in 2023 due to growing preference for e-commerce platforms due to wide product selection, convenience and ease of access. The global market is expanding due to the presence of a number of major market players, with North America dominating the market, and this is driven by the demand for health-promoting devices that support preventive care and help manage existing health problems. is increasing in the region.
Why buy this report?
Comprehensive Market Analysis: Gain in-depth insights into the global market across key regions and segments Competitive Environment: Study the market presence of key players across the globe Future Trends: Pivotal trends and drivers shaping the future of the global market Actionable recommendations to discover the power: Leverage insights to guide strategic business decisions that discover new revenue streams
This report covers:
Market intelligence to enable effective decision making Market estimates and forecasts from 2018 to 2030 Growth opportunities and trends analysis Segment and regional revenue forecasts for market assessment Competitive strategies and market share analysis to stay ahead of the curve List of product innovations in
The key players in the luxury smart jewelry market are:
Oura Health Oy.RINGLYSamsungMotiv, Inc.Boat Zepp Health Corporation, Ltd.
Key attributes:
Report Attribute Details No. Number of Pages 150 Forecast Period 2023 – 2030 Estimated Market Value in 2023 (USD) 130.96 Million USD Predicted Market Value by 2030 (USD) 429.97 Million Average Annual Growth Rate 18.7% Target region world
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1.Market outlook
2.2. Segment outlook
2.3. Competitive Insights
Chapter 3 Luxury Smart Jewelry Market Variables, Trends and Scope
3.1. Market system outlook
3.2.Market trends
3.3. Luxury Smart Jewelry: Market Analysis Tool
3.4. Regulatory framework
3.5. Technology timeline analysis
3.6.Case study analysis
Chapter 4 Luxury Smart Jewelry Market Segment Analysis, By Product, 2018-2030 ($ Million)
4.1. Definition and Scope
4.2. Product Market Share Analysis, 2023 and 2030
4.3. Segment Dashboard
4.4. Global Luxury Smart Jewelry Market, by Product, 2018-2030
4.5.Smart Ring
4.6.Smart bracelet
4.7.Smart necklace
4.8.Others
Chapter 5 Luxury Smart Jewelry Market Segment Analysis, By Application, 2018-2030 ($ Million)
5.1. Definition and Scope
5.2. Application Market Share Analysis, 2023 and 2030
5.3. Segment Dashboard
5.4. Global Luxury Smart Jewelry Market, by Application, 2018-2030
5.5. Fitness Tracking
5.6. Heart rate monitoring
5.7. Sleep tracking
5.8. Stress and Mood Tracking
5.9.Others
Chapter 6 Luxury Smart Jewelry Market Segment Analysis, By Age Group, 2018-2030 (USD Million)
6.1. Definition and Scope
6.2. Market share analysis by age group, 2023 and 2030
6.3. Segment Dashboard
6.4. Global Luxury Smart Jewelry Market, By Age Group, 2018-2030
6.5.Children
6.6.Adult
6.7.For the elderly
Chapter 7 Luxury Smart Jewelry Market Segment Analysis, By Distribution Channel, 2018-2030 (USD Million)
7.1. Definition and Scope
7.2. Distribution Channel Market Share Analysis, 2023 and 2030
7.3. Segment Dashboard
7.4. Global Luxury Smart Jewelry Market, by Distribution Channel, 2018-2030
7.5. online
7.6.Offline
Chapter 8 Luxury Smart Jewelry Market Segment Analysis by Regions, 2018-2030 (USD Million)
8.1. Regional Market Share Analysis, 2023 and 2030
8.2. Regional Market Dashboard
8.3. Regional Market Snapshot
8.4. Luxury Smart Jewelry Market Share by Regions, 2023 and 2030:
Chapter 9 Competitive Environment
9.1. Recent developments and impact analysis by key market participants
9.2. Company classification
9.3.Company Profile
Oura HealthRINGLYSamsungMotiv, Inc.Boat Zepp Health Corporation
For more information on this report, please visit https://www.researchandmarkets.com/r/yas266.
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