Rings tipped to be lord of the wearables
FDM CCS Insight pointed to one area of the devices market which is showing signs of promise against a mostly gloomy backdrop, as it noted smartphones are not the only form-factor affected by rising component costs.
Analysts believe the smart ring sector is nailed on to book a rise in shipments in 2026, bucking an anticipated 3% drop in the overall wearables market.
FDM CCS Insight stated wearables’ woes would mostly stem from an anticipated drop in smartwatch shipments, the dominant form-factor in 2025.
The company predicts smartwatch shipments to fall 4% due to “replacement fatigue” and a general lack of innovation.
It also highlighted “supply side” issues involving memory and component costs as hindrances, indicating problems which have affected the smartphone market for some time are beginning to spread.
FDM CCS Insight acknowledged a forecast smart ring shipments would grow 53% this year comes “from a small base” in previous years, but argued the rise points to a greater “interest in health and wellness tracking” among buyers, along with broader retail availability.
It ranked Oura at the top of the shipments table for the first half of the year and noted Ultrahuman recovered from a ban on shipments in the US during the final quarter of 2025.
A recent “easing of regulations” by the US Food and Drug Administration is also tipped to fuel future shipments.
Senior analyst Ekta Mittal said the company’s research showed “75% of smart ring owners also own a smartwatch”, suggesting there could be a knock-on effect for the latter form-factor.
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