Global Wearable Payments Devices Market Size & Outlook
Global wearable payments devices market, 2016-2028 (US$M)
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Global wearable payments devices market highlights
- The global wearable payments devices market generated a revenue of USD 12,928.1 million in 2021 and is expected to reach USD 80,387.5 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 29.8% by 2028.
- In terms of segment, fitness tracker accounted for a revenue of USD 5,542.6 million in 2021.
- Smart Watches is the most lucrative device type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2028.
Global data book summary
| Market revenue in 2021 | USD 12,928.1 million |
| Market revenue in 2028 | USD 80,387.5 million |
| Growth rate | 29.8% (CAGR from 2021 to 2028) |
| Largest segment | Fitness tracker |
| Fastest growing segment | Smart Watches |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fitness Tracker, Payment Wristbands, Smart Watches |
Other key industry trends
- In terms of revenue, the North America accounted for 30.9% of the global wearable payments devices market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 19,619.3 million by 2028.
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Wearable Payments Devices Market Scope
Wearable Payments Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global wearable payments devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wearable payments devices market will help companies and investors design strategic landscapes.
Fitness tracker was the largest segment with a revenue share of 42.87% in 2021. Horizon Databook has segmented the Global wearable payments devices market based on fitness tracker, payment wristbands, smart watches covering the revenue growth of each sub-segment from 2016 to 2028.
- Global Wearable Payments Devices Device Type Outlook (Revenue, USD Million, 2016-2028)
- Fitness Tracker
- Payment Wristbands
- Smart Watches
- Global Wearable Payments Devices Technology Outlook (Revenue, USD Million, 2016-2028)
- Barcodes
- Contactless Point of Sale (POS) Terminals
- Near Field Communication (NFC)
- Quick Response (QR) Codes
- Radio Frequency Identification (RFID)
- Global Wearable Payments Devices Application Outlook (Revenue, USD Million, 2016-2028)
- Festival & Life Events
- Fitness
- Healthcare
- Retail
- Transportation
- Others
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Our clientele includes a mix of wearable payments devices market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global wearable payments devices market , including forecasts for subscribers. This global databook contains high-level insights into Global wearable payments devices market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Global wearable payments devices market size, by regions, 2016-2028 (US$M)
Top 10 countries: Wearable payments devices market size, 2021 (US$M)
Global wearable payments devices market share, by device type, 2021 & 2028 (%, US$M)
Wearable payments devices market: Opportunity assessment by country
Global wearable payments devices market, by region, 2021 (US$M)
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