The global Wearable Payment market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Wearable Payment market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Wearable Payment market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Wearable Payment market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
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 aims to provide a comprehensive presentation of the global market for Wearable Payment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wearable Payment. This report contains market size and forecasts of Wearable Payment in global, including the following market information:
- Global Wearable Payment Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global Wearable Payment Market Sales, 2018-2023, 2024-2030, (Units)
- Global top five Wearable Payment companies in 2022 (%)
According to the report, one of the primary drivers in the market is declining cost of NFC technology. The global wearable payment market is driven by the declining cost of NFC technology. The technology has become more affordable for device manufacturers that integrate the technology into wearable devices. In addition, as the number of vendors offering wearable devices is increasing, it is likely to support the growth of the wearable payment in the coming years. The declining price of NFC technology and the growth of the NFC ecosystem that supports various NFC applications have encouraged vendors to integrate NFC technology into wearable devices. Jawbone launched the fitness device UP4, which is integrated with payment technology. This will likely encourage more people to adopt NFC-enabled wearable devices, which will in turn, drive the growth of the global wearable payment market during the forecast period.
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, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Wearable Payment Market Segment Percentages, by Type, 2022 (%)
- Smart Watches
- Fitness Trackers
- Payment Wristbands
Global Wearable Payment Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Wearable Payment Market Segment Percentages, by Application, 2022 (%)
- Household
- Commercial
- Others
Global Wearable Payment Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Wearable Payment Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Wearable Payment revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Wearable Payment revenues share in global market, 2022 (%)
- Key companies Wearable Payment sales in global market, 2018-2023 (Estimated), (Units)
- Key companies Wearable Payment sales share in global market, 2022 (%)
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Wearable Payment, market overview.
Chapter 2: Global Wearable Payment market size in revenue and volume.
Chapter 3: Detailed analysis of Wearable Payment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Wearable Payment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Wearable Payment capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
