Canada Wearable Payments Devices Market Size & Outlook

The wearable payments devices market in Canada is expected to reach a projected revenue of US$ 5,406.7 million by 2030. A compound annual growth rate of 17.1% is expected of Canada wearable payments devices market from 2025 to 2030.
Revenue, 2024 (US$M)
$2,097.6
Forecast, 2030 (US$M)
$5,406.7
CAGR, 2025 - 2030
17.1%
Report Coverage
Canada

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Canada wearable payments devices market, 2018-2030 (US$M)

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Canada wearable payments devices market highlights

  • The Canada wearable payments devices market generated a revenue of USD 2,097.6 million in 2024 and is expected to reach USD 5,406.7 million by 2030.
  • The Canada market is expected to grow at a CAGR of 17.1% from 2025 to 2030.
  • In terms of segment, fitness tracker was the largest revenue generating device type in 2024.
  • 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 2024USD 2,097.6 million
Market revenue in 2030USD 5,406.7 million
Growth rate17.1% (CAGR from 2025 to 2030)
Largest segmentFitness tracker
Fastest growing segmentSmart Watches
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
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, Canada accounted for 3.6% of the global wearable payments devices market in 2024.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. wearable payments devices market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 5,406.7 million by 2030.

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Wearable Payments Devices Market Companies

Name Profile # Employees HQ Website
Barclays PLC View profile 92400 1 Churchill Place, London, United Kingdom, E14 5HP https://www.barclays.com
Wirecard AG View profile 5685 Einsteinring 35, Aschheim, Germany, 85609 https://www.wirecard.com
Visa Inc Class A View profile 28800 P.O. Box 8999, San Francisco, CA, United States, 94128-8999 https://www.usa.visa.com
Mastercard Inc Class A View profile 33400 2000 Purchase Street, Purchase, NY, United States, 10577 https://www.mastercard.com
Thales Group View profile 10001+ Paris, Ile-de-France, France, Europe http://www.thalesgroup.com
PayPal Holdings Inc View profile 27200 2211 North First Street, San Jose, CA, United States, 95131 https://www.paypal.com
Samsung Electronics Co Ltd View profile 124804 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 https://www.samsung.com
Alphabet Inc Class A View profile 180895 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 https://www.abc.xyz
Apple Inc View profile 161000 One Apple Park Way, Cupertino, CA, United States, 95014 https://www.apple.com

Canada 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 48.61% in 2024. Horizon Databook has segmented the Canada wearable payments devices market based on fitness tracker, payment wristbands, smart watches covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the Canada wearable payments devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada wearable payments devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada wearable payments devices market size, by device type, 2018-2030 (US$M)

Canada Wearable Payments Devices Market Outlook Share, 2024 & 2030 (US$M)

Canada wearable payments devices market size, by device type, 2018-2030 (US$M)

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