Smart Jewelry And Accessories Market Statistics, Segment, Trends

Report Summary
The size of the global market for smart jewellery was evaluated at USD 218.64 million in 2021 and is projected to increase at a CAGR of 16.9% from 2022 to 2030. Some of the main growth factors include expanding innovation tactics and increased acceptance of smart jewellery, particularly among female consumers. "Smart jewellery," a subset of wearable technology, refers to a variety of rings, bracelets, necklaces, and earrings. The goal of this category is to improve a person's health, productivity, and communication. The idea of packing the capability of a smartphone onto the wrists evolved with the debut of smartwatches and fitness trackers.

In the first half of 2020, the COVID-19 pandemic hindered market growth estimates. Manufacturing facilities were briefly closed as a result of the worldwide lockdown restrictions imposed by various governments. However, as people's concerns about their health increased, the industry expanded in the second half of 2020. It is projected that this trend will persist during the projection period as well. The prevalence of wearable technologies and devices in the present healthcare industry has expanded as a result of the pandemic.

Market Trends & Growth for Smart Jewelry
The COVID-19 pandemic brought about a number of difficulties, including logistical bottlenecks, poor demand, a decline in sales & marketing efforts, and decreasing sales. The manufacturing, production, transport, and sales of these products have all been stopped, but the main effect has been a significant market impact. However, OEMs' continued development of technologically advanced products will be able to meet the demand for fitness in the midst of the coronavirus outbreak. For instance, Fitbit recently debuted the cutting-edge tracker, the Fitbit Charge 4. During this time, the new device will offer guidance and support to customers at home.

Similar to how increased fitness product demand during COVID-19 would boost sales of fitness trackers through online channels, driving the market's expansion. The potential of the sector will also be increased by the considerable research and development activities of major companies to incorporate technologies in tools that can diagnose and track infectious diseases like COVID-19.

A person's health and wellbeing will be more widely recognised, creating lucrative market opportunities. Fitness tracker jewellery encourages a healthy lifestyle by keeping track of activities like sports, heart rate, and sleep. The surge in the fitness business spurred on by the growing young populations in countries like China and India will have an impact on the growth of the smart jewellery market. The market will experience considerable effects from

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Global Smart Jewelry and Accessories Market: Major Players
VINAYA Technologies
GalaGreat
Kerv
GEAK
Ring Theory
Moodmetric
McLear
Jakcom Technology
Nod Ring
Mycestro
MOTA
TOTWOO
Sirenring
Arcus
Logbar Ring
Ringly
Neyya

Global Smart Jewelry and Accessories Market: Types
Android
IOS
Windows
Compatible Systems

Global Smart Jewelry and Accessories Market: Applications
Health and Movement
Device Control
Communication
Other

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