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.
LPI (LP Information)' newest research report, the “Wearable Payment Industry Forecast” looks at past sales and reviews total world Wearable Payment sales in 2022, providing a comprehensive analysis by region and market sector of projected Wearable Payment sales for 2023 through 2029. With Wearable Payment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wearable Payment industry.
This Insight Report provides a comprehensive analysis of the global Wearable Payment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wearable Payment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wearable Payment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wearable Payment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wearable Payment.
The global Wearable Payment market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Wearable Payment market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Smart Watches
Fitness Trackers
Payment Wristbands
Segmentation by application
Household
Commercial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Wearable Payment market?
What factors are driving Wearable Payment market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Wearable Payment market opportunities vary by end market size?
How does Wearable Payment break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

1 Scope of the Report 1.1 Market Introduction 1.2 Years Considered 1.3 Research Objectives 1.4 Market Research Methodology 1.5 Research Process and Data Source 1.6 Economic Indicators 1.7 Currency Considered 1.8 Market Estimation Caveats 2 Executive Summary 2.1 World Market Overview 2.1.1 Global Wearable Payment Annual Sales 2018-2029 2.1.2 World Current & Future Analysis for Wearable Payment by Geographic Region, 2018, 2022 & 2029 2.1.3 World Current & Future Analysis for Wearable Payment by Country/Region, 2018, 2022 & 2029 2.2 Wearable Payment Segment by Type 2.2.1 Smart Watches 2.2.2 Fitness Trackers 2.2.3 Payment Wristbands 2.3 Wearable Payment Sales by Type 2.3.1 Global Wearable Payment Sales Market Share by Type (2018-2023) 2.3.2 Global Wearable Payment Revenue and Market Share by Type (2018-2023) 2.3.3 Global Wearable Payment Sale Price by Type (2018-2023) 2.4 Wearable Payment Segment by Application 2.4.1 Household 2.4.2 Commercial 2.4.3 Others 2.5 Wearable Payment Sales by Application 2.5.1 Global Wearable Payment Sale Market Share by Application (2018-2023) 2.5.2 Global Wearable Payment Revenue and Market Share by Application (2018-2023) 2.5.3 Global Wearable Payment Sale Price by Application (2018-2023) 3 Global Wearable Payment by Company 3.1 Global Wearable Payment Breakdown Data by Company 3.1.1 Global Wearable Payment Annual Sales by Company (2018-2023) 3.1.2 Global Wearable Payment Sales Market Share by Company (2018-2023) 3.2 Global Wearable Payment Annual Revenue by Company (2018-2023) 3.2.1 Global Wearable Payment Revenue by Company (2018-2023) 3.2.2 Global Wearable Payment Revenue Market Share by Company (2018-2023) 3.3 Global Wearable Payment Sale Price by Company 3.4 Key Manufacturers Wearable Payment Producing Area Distribution, Sales Area, Product Type 3.4.1 Key Manufacturers Wearable Payment Product Location Distribution 3.4.2 Players Wearable Payment Products Offered 3.5 Market Concentration Rate Analysis 3.5.1 Competition Landscape Analysis 3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2018-2023) 3.6 New Products and Potential Entrants 3.7 Mergers & Acquisitions, Expansion 4 World Historic Review for Wearable Payment by Geographic Region 4.1 World Historic Wearable Payment Market Size by Geographic Region (2018-2023) 4.1.1 Global Wearable Payment Annual Sales by Geographic Region (2018-2023) 4.1.2 Global Wearable Payment Annual Revenue by Geographic Region (2018-2023) 4.2 World Historic Wearable Payment Market Size by Country/Region (2018-2023) 4.2.1 Global Wearable Payment Annual Sales by Country/Region (2018-2023) 4.2.2 Global Wearable Payment Annual Revenue by Country/Region (2018-2023) 4.3 Americas Wearable Payment Sales Growth 4.4 APAC Wearable Payment Sales Growth 4.5 Europe Wearable Payment Sales Growth 4.6 Middle East & Africa Wearable Payment Sales Growth 5 Americas 5.1 Americas Wearable Payment Sales by Country 5.1.1 Americas Wearable Payment Sales by Country (2018-2023) 5.1.2 Americas Wearable Payment Revenue by Country (2018-2023) 5.2 Americas Wearable Payment Sales by Type 5.3 Americas Wearable Payment Sales by Application 5.4 United States 5.5 Canada 5.6 Mexico 5.7 Brazil 6 APAC 6.1 APAC Wearable Payment Sales by Region 6.1.1 APAC Wearable Payment Sales by Region (2018-2023) 6.1.2 APAC Wearable Payment Revenue by Region (2018-2023) 6.2 APAC Wearable Payment Sales by Type 6.3 APAC Wearable Payment Sales by Application 6.4 China 6.5 Japan 6.6 South Korea 6.7 Southeast Asia 6.8 India 6.9 Australia 6.10 China Taiwan 7 Europe 7.1 Europe Wearable Payment by Country 7.1.1 Europe Wearable Payment Sales by Country (2018-2023) 7.1.2 Europe Wearable Payment Revenue by Country (2018-2023) 7.2 Europe Wearable Payment Sales by Type 7.3 Europe Wearable Payment Sales by Application 7.4 Germany 7.5 France 7.6 UK 7.7 Italy 7.8 Russia 8 Middle East & Africa 8.1 Middle East & Africa Wearable Payment by Country 8.1.1 Middle East & Africa Wearable Payment Sales by Country (2018-2023) 8.1.2 Middle East & Africa Wearable Payment Revenue by Country (2018-2023) 8.2 Middle East & Africa Wearable Payment Sales by Type 8.3 Middle East & Africa Wearable Payment Sales by Application 8.4 Egypt 8.5 South Africa 8.6 Israel 8.7 Turkey 8.8 GCC Countries 9 Market Drivers, Challenges and Trends 9.1 Market Drivers & Growth Opportunities 9.2 Market Challenges & Risks 9.3 Industry Trends 10 Manufacturing Cost Structure Analysis 10.1 Raw Material and Suppliers 10.2 Manufacturing Cost Structure Analysis of Wearable Payment 10.3 Manufacturing Process Analysis of Wearable Payment 10.4 Industry Chain Structure of Wearable Payment 11 Marketing, Distributors and Customer 11.1 Sales Channel 11.1.1 Direct Channels 11.1.2 Indirect Channels 11.2 Wearable Payment Distributors 11.3 Wearable Payment Customer 12 World Forecast Review for Wearable Payment by Geographic Region 12.1 Global Wearable Payment Market Size Forecast by Region 12.1.1 Global Wearable Payment Forecast by Region (2024-2029) 12.1.2 Global Wearable Payment Annual Revenue Forecast by Region (2024-2029) 12.2 Americas Forecast by Country 12.3 APAC Forecast by Region 12.4 Europe Forecast by Country 12.5 Middle East & Africa Forecast by Country 12.6 Global Wearable Payment Forecast by Type 12.7 Global Wearable Payment Forecast by Application 13 Key Players Analysis 13.1 Apple 13.1.1 Apple Company Information 13.1.2 Apple Wearable Payment Product Portfolios and Specifications 13.1.3 Apple Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.1.4 Apple Main Business Overview 13.1.5 Apple Latest Developments 13.2 Jawbone 13.2.1 Jawbone Company Information 13.2.2 Jawbone Wearable Payment Product Portfolios and Specifications 13.2.3 Jawbone Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.2.4 Jawbone Main Business Overview 13.2.5 Jawbone Latest Developments 13.3 Google 13.3.1 Google Company Information 13.3.2 Google Wearable Payment Product Portfolios and Specifications 13.3.3 Google Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.3.4 Google Main Business Overview 13.3.5 Google Latest Developments 13.4 MasterCard 13.4.1 MasterCard Company Information 13.4.2 MasterCard Wearable Payment Product Portfolios and Specifications 13.4.3 MasterCard Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.4.4 MasterCard Main Business Overview 13.4.5 MasterCard Latest Developments 13.5 Samsung Electronics 13.5.1 Samsung Electronics Company Information 13.5.2 Samsung Electronics Wearable Payment Product Portfolios and Specifications 13.5.3 Samsung Electronics Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.5.4 Samsung Electronics Main Business Overview 13.5.5 Samsung Electronics Latest Developments 13.6 Visa 13.6.1 Visa Company Information 13.6.2 Visa Wearable Payment Product Portfolios and Specifications 13.6.3 Visa Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.6.4 Visa Main Business Overview 13.6.5 Visa Latest Developments 13.7 Alibaba 13.7.1 Alibaba Company Information 13.7.2 Alibaba Wearable Payment Product Portfolios and Specifications 13.7.3 Alibaba Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.7.4 Alibaba Main Business Overview 13.7.5 Alibaba Latest Developments 13.8 American Express 13.8.1 American Express Company Information 13.8.2 American Express Wearable Payment Product Portfolios and Specifications 13.8.3 American Express Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.8.4 American Express Main Business Overview 13.8.5 American Express Latest Developments 13.9 Barclays 13.9.1 Barclays Company Information 13.9.2 Barclays Wearable Payment Product Portfolios and Specifications 13.9.3 Barclays Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.9.4 Barclays Main Business Overview 13.9.5 Barclays Latest Developments 13.10 Broadcom 13.10.1 Broadcom Company Information 13.10.2 Broadcom Wearable Payment Product Portfolios and Specifications 13.10.3 Broadcom Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.10.4 Broadcom Main Business Overview 13.10.5 Broadcom Latest Developments 13.11 Fitbit 13.11.1 Fitbit Company Information 13.11.2 Fitbit Wearable Payment Product Portfolios and Specifications 13.11.3 Fitbit Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.11.4 Fitbit Main Business Overview 13.11.5 Fitbit Latest Developments 13.12 Gemalto 13.12.1 Gemalto Company Information 13.12.2 Gemalto Wearable Payment Product Portfolios and Specifications 13.12.3 Gemalto Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.12.4 Gemalto Main Business Overview 13.12.5 Gemalto Latest Developments 13.13 Infineon Technologies 13.13.1 Infineon Technologies Company Information 13.13.2 Infineon Technologies Wearable Payment Product Portfolios and Specifications 13.13.3 Infineon Technologies Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.13.4 Infineon Technologies Main Business Overview 13.13.5 Infineon Technologies Latest Developments 13.14 Inside Secure 13.14.1 Inside Secure Company Information 13.14.2 Inside Secure Wearable Payment Product Portfolios and Specifications 13.14.3 Inside Secure Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.14.4 Inside Secure Main Business Overview 13.14.5 Inside Secure Latest Developments 13.15 MediaTek 13.15.1 MediaTek Company Information 13.15.2 MediaTek Wearable Payment Product Portfolios and Specifications 13.15.3 MediaTek Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.15.4 MediaTek Main Business Overview 13.15.5 MediaTek Latest Developments 13.16 Microsoft 13.16.1 Microsoft Company Information 13.16.2 Microsoft Wearable Payment Product Portfolios and Specifications 13.16.3 Microsoft Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.16.4 Microsoft Main Business Overview 13.16.5 Microsoft Latest Developments 13.17 NXP Semiconductors 13.17.1 NXP Semiconductors Company Information 13.17.2 NXP Semiconductors Wearable Payment Product Portfolios and Specifications 13.17.3 NXP Semiconductors Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.17.4 NXP Semiconductors Main Business Overview 13.17.5 NXP Semiconductors Latest Developments 13.18 Qualcomm 13.18.1 Qualcomm Company Information 13.18.2 Qualcomm Wearable Payment Product Portfolios and Specifications 13.18.3 Qualcomm Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.18.4 Qualcomm Main Business Overview 13.18.5 Qualcomm Latest Developments 13.19 PayPal 13.19.1 PayPal Company Information 13.19.2 PayPal Wearable Payment Product Portfolios and Specifications 13.19.3 PayPal Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.19.4 PayPal Main Business Overview 13.19.5 PayPal Latest Developments 13.20 Renesas Electronics 13.20.1 Renesas Electronics Company Information 13.20.2 Renesas Electronics Wearable Payment Product Portfolios and Specifications 13.20.3 Renesas Electronics Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.20.4 Renesas Electronics Main Business Overview 13.20.5 Renesas Electronics Latest Developments 13.21 Sony 13.21.1 Sony Company Information 13.21.2 Sony Wearable Payment Product Portfolios and Specifications 13.21.3 Sony Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.21.4 Sony Main Business Overview 13.21.5 Sony Latest Developments 13.22 Xiaomi 13.22.1 Xiaomi Company Information 13.22.2 Xiaomi Wearable Payment Product Portfolios and Specifications 13.22.3 Xiaomi Wearable Payment Sales, Revenue, Price and Gross Margin (2018-2023) 13.22.4 Xiaomi Main Business Overview 13.22.5 Xiaomi Latest Developments 14 Research Findings and Conclusion