Radio Frequency Identification (RFID) - Wearable Payments Devices Market Statistics
The global radio frequency identification (rfid) wearable payments devices market size was valued at US$ 2,981.8 million in 2021 and is estimated to grow at a compound annual growth rate (CAGR) of 29.5% from 2021 to 2028.
Related Statistics
Radio frequency identification (rfid) - Wearable payments devices market highlights
- The global radio frequency identification (rfid) segment generated a revenue of USD 2,981.8 million in 2021 and is expected to reach USD 18,214.1 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 30.2% by 2028.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2028.
Market summary
| Market revenue in 2021 | USD 2,981.8 million |
| Market revenue in 2028 | USD 18,214.1 million |
| Growth rate | 30.2% (CAGR from 2022 to 2028) |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
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