Chris Martin's band spent an estimated $640,000 (£426,667)-a-night to supply fans with the gadgets that lit up in time to the beat of their music at concerts on their 2011 Mylo Xyloto Tour.
The Shake It Off star used a similar concept for her recent 1989 shows, and Chris admits his group is planning to rethink the wristband idea to make sure their upcoming shows after different to Taylor's.
"The Swiftbands? Yeah I saw she was using them, that's cool," Chris tells the Sydney Daily Telegraph. "It's been amazing to watch her go (succeed). But it has meant we have had to update our wristbands, so we're coming up with this new thing... We have to adapt them, make a mark 2, otherwise we're copying Taylor."
Coldplay are due to kick off the A Head Full of Dreams tour in Buenos Aires, Argentina in March (16) before trekking across the U.K. and Europe between May (16) and July (16).