China Wearable Payments Devices Market Size & Outlook
China wearable payments devices market, 2016-2028 (US$M)
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China wearable payments devices market highlights
- The China wearable payments devices market generated a revenue of USD 899.5 million in 2021 and is expected to reach USD 5,589.5 million by 2028.
- The China market is expected to grow at a CAGR of 29.8% from 2022 to 2028.
- In terms of segment, fitness tracker was the largest revenue generating device type in 2021.
- Smart Watches is the most lucrative device type segment registering the fastest growth during the forecast period.
Wearable payments devices market data book summary
| Market revenue in 2021 | USD 899.5 million |
| Market revenue in 2028 | USD 5,589.5 million |
| Growth rate | 29.8% (CAGR from 2021 to 2028) |
| Largest segment | Fitness tracker |
| Fastest growing segment | Smart Watches |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fitness Tracker, Payment Wristbands, Smart Watches |
| Key market players worldwide | Apple Inc, Barclays PLC, Thales Group, Alphabet Inc Class A, Mastercard Inc Class A, PayPal Holdings Inc, Samsung Electronics Co Ltd, Visa Inc Class A, Wirecard AG |
Other key industry trends
- In terms of revenue, China accounted for 7.0% of the global wearable payments devices market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, Japan wearable payments devices market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,282.3 million by 2028.
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Wearable Payments Devices Market Scope
Wearable Payments Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 42.83% in 2021. Horizon Databook has segmented the China wearable payments devices market based on fitness tracker, payment wristbands, smart watches covering the revenue growth of each sub-segment from 2016 to 2028.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China wearable payments devices market , including forecasts for subscribers. This country databook contains high-level insights into China wearable payments devices market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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China wearable payments devices market size, by device type, 2016-2028 (US$M)
China Wearable Payments Devices Market Outlook Share, 2021 & 2028 (US$M)
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