Technology giants Apple and Samsung have expanded the field of competition between them in the field of wearable devices. While Samsung officially announced its intention to launch a smart wearable device in the form of a ring that it calls “Galaxy Ring” during the second half of this year, Apple is seeking to present the launch of its similar device, “Apple Ring.” By applying for a patent related to it.
Samsung gives the start signal
The technology giant revealed Samsung Its plan to launch a set of tools that will enable users to manage their health and the health of those they care for in their own way, and they will be able to follow their daily exercises, their sleep rate, or monitor the health of their sick relatives, this was stated during the MWC conference in the Spanish city of Barcelona.
Samsung unveils the Galaxy Ring, Reuters
Samsung is trying to bring its innovation to the smallest form of wearable device, a smart ring that would track users’ vital signs.
Samsung uses the My Vitality Score and Booster Card features to collect health data for users, and uses artificial intelligence techniques to analyze the data and provide personalized instructions for each user, which are easy to implement day and night.
Apple is moving fast
Speculation is also increasing regarding Apple’s launch of its smart ring, as the company has filed a patent for the smart ring in the US Patent and Trade Office, according to Apple Insider, and the company’s engineers have also discussed the possibility of developing smart glasses that take advantage of artificial intelligence technologies and smart cameras to recognize objects in the surrounding world.
The two ideas are expected to enhance the field of wearable devices for Apple. So far, the company’s profits from wearable devices, Apple Watches and AirPods, reach 10 percent of the company’s profits, compared to 5 percent ten years ago. Wearable devices can help the company. In reaching new customers, promoting growth, and keeping people more connected to the Apple ecosystem.
Smart ring market
The value of volume Smart ring market Globally, it reached $233.73 million in 2022, with expectations of exceeding $1 billion and $96 million in 2028, with a compound annual growth rate of 29.39 percent during the period from 2022 to 2028.
Galaxy Ring, Samsung
A smart ring is a new smart wearable device that combines technology and health. It is usually the size of traditional rings. Users can manage applications and make phone calls through gesture control. It can be connected to a mobile phone to notify users of incoming calls and SMS. At the same time, it can record Real-time data such as exercise, sleep, heart rate in daily life, guiding healthy life through data, the NFC smart ring has the functions of mobile payment, door unlocking, and car starting.
Finnish healthcare company Ora is currently leading the smart ring market. Ora first introduced the Oling ring in 2016.
Although it has released the third generation with a focus on healthcare functions such as sleep and heart rate monitoring, it has not yet achieved clear results, and industries expect that the smart ring market will open in earnest due to the participation of the giants Samsung and Apple.
