According to the Huatai Securities Research Report, smart ring products are moving from a niche market to an independent wearable category. According to IDC data, global shipments will increase from 880,000 in 2023 to 4.34 million in 2025; FDM CCS Insight expects further growth to 6 million units in 2026 and reach about 15 million units in 2030. However, compared to about 162 million smartwatches in 2026, smart ring sales are still only equivalent to about 4% of them. Huatai Securities believes that smart rings have passed the first stage of verification of “whether consumers need this form”. Among them, Oura has formed a large-scale user base, and Samsung has completed giant verification, but leading manufacturers such as Apple, Huawei, and Xiaomi have yet to fully enter. Currently, it is still in the brand and scenario verification stage, and has not yet entered the full development period of the supply chain.

According to the Huatai Securities Research Report, smart ring products are moving from a niche market to an independent wearable category. According to IDC data, global shipments will increase from 880,000 in 2023 to 4.34 million in 2025; FDM CCS Insight expects further growth to 6 million units in 2026 and reach about 15 million units in 2030. However, compared to about 162 million smartwatches in 2026, smart ring sales are still only equivalent to about 4% of them. Huatai Securities believes that smart rings have passed the first stage of verification of “whether consumers need this form”. Among them, Oura has formed a large-scale user base, and Samsung has completed giant verification, but leading manufacturers such as Apple, Huawei, and Xiaomi have yet to fully enter. Currently, it is still in the brand and scenario verification stage, and has not yet entered the full development period of the supply chain.