The global smart ring market will be worth $1.4 billion by 2032.
That’s up from $147 million in 2022.
The current market leader in the smart ring space is Finnish health tech startup Oura.
The Oura Ring's latest feature helps women understand changes in their body while pregnant.
While the ring has also been creating an online buzz among celebrities like Gwyneth Paltrow.
Apple and Samsung are now also both secretly working on brand new smart rings.
Both tech giants have been quietly working on their ‘Apple Ring’ and ‘Galaxy Ring’, which are both set to launch soon.
Along with biometric sensors designed to track health and fitness, the Apple ring is expected to also include wireless motion controls for interacting with the Vision Pro virtual reality headset.