Abstract
Summary
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?
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
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?
Table of Contents
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