UK Wearable Payments Devices Market Size & Outlook

The wearable payments devices market in UK is expected to reach a projected revenue of US$ 6,038.2 million by 2028. A compound annual growth rate of 29.9% is expected of UK wearable payments devices market from 2022 to 2028.

Revenue, 2021 (US$M)
$966.2
Forecast, 2028 (US$M)
$6,038.2
CAGR, 2022 - 2028
29.9%
Report Coverage
UK

UK wearable payments devices market highlights

  • The UK wearable payments devices market generated a revenue of USD 966.2 million in 2021 and is expected to reach USD 6,038.2 million by 2028.
  • The UK market is expected to grow at a CAGR of 29.9% 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 2021USD 966.2 million
Market revenue in 2028USD 6,038.2 million
Growth rate29.9% (CAGR from 2021 to 2028)
Largest segmentFitness tracker
Fastest growing segmentSmart Watches
Historical data2016 - 2020
Base year2021
Forecast period2022 - 2028
Quantitative unitsRevenue in USD million
Market segmentationFitness Tracker, Payment Wristbands, Smart Watches
Key market players worldwideApple 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, UK accounted for 7.5% 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 Europe, UK wearable payments devices market is projected to lead the regional market in terms of revenue in 2028.
  • Germany is the fastest growing regional market in Europe and is projected to reach USD 5,547.4 million by 2028.

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Wearable Payments Devices Market Companies

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UK 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 42.82% in 2021. Horizon Databook has segmented the UK 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 UK wearable payments devices market , including forecasts for subscribers. This country databook contains high-level insights into UK wearable payments devices market from 2016 to 2028, including revenue numbers, major trends, and company profiles.

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UK wearable payments devices market size, by device type, 2016-2028 (US$M)

UK Wearable Payments Devices Market Outlook Share, 2021 & 2028 (US$M)

UK wearable payments devices market size, by device type, 2016-2028 (US$M)

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