Global Smart-connected Wallets Market to Reach $373.9 Million by 2027
Amid the COVID-19 crisis, the global market for Smart-connected Wallets estimated at US$237.9 Million in the year 2020, is projected to reach a revised size of US$373.9 Million by 2027, growing at aCAGR of 6.7% over the period 2020-2027. Bluetooth, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$109.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wi-Fi segment is readjusted to a revised 6.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $70.2 Million, While China is Forecast to Grow at 6.3% CAGR
The Smart-connected Wallets market in the U.S. is estimated at US$70.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$65.7 Million by the year 2027 trailing a CAGR of 6.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 5.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.We bring years of research experience to this 9th edition of our report. The 145-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- Ekster Wallets BV
- NXT-ID Inc.
- Walli Wearables, Inc.