Report overview
Wearable payment refers to transactions between wearable devices and contactless payment terminals like NFC. NFC is a standard-based short-range (about 10 cm) connectivity that uses high-frequency wireless communication technology. This technology enables peer-to-peer communication between two devices, by bringing them in close proximity. End-users use this technology to transfer information from their devices to contactless payment terminals such as smartphones and NFC tags. The technology involves a direct transfer of data between wearable devices and POS devices.
This report contains market size and forecasts of Wearable Payment in global, including the following market information:
Global Wearable Payment Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Wearable Payment Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Wearable Payment companies in 2021 (%)
The global Wearable Payment market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Smart Watches Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Wearable Payment include Apple, Jawbone, Google, MasterCard, Samsung Electronics, Visa, Alibaba, American Express and Barclays, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Wearable Payment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Wearable Payment Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Wearable Payment Market Segment Percentages, by Type, 2021 (%)
Smart Watches
Fitness Trackers
Payment Wristbands
Global Wearable Payment Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Wearable Payment Market Segment Percentages, by Application, 2021 (%)
Household
Commercial
Others
Global Wearable Payment Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Wearable Payment Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Wearable Payment revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Wearable Payment revenues share in global market, 2021 (%)
Key companies Wearable Payment sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Wearable Payment sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Apple
Jawbone
Google
MasterCard
Samsung Electronics
Visa
Alibaba
American Express
Barclays
Broadcom
Fitbit
Gemalto
Infineon Technologies
Inside Secure
MediaTek
Microsoft
NXP Semiconductors
Qualcomm
PayPal
Renesas Electronics
Sony
Xiaomi
