Wearable Payment Device Market Size, Share Report, Analysis, Trends, Growth 2032
Wearable Payment Device Market By Device Type (Fitness Tracker and Smart Watches), By Application (Retail, Transport, Healthcare, Hospitability, and Fitness), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 42.88 Billion | USD 575.71 Billion | 29.7% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Wearable Payment Device Market, 2016–2026 (USD Billion)
- 2.2. Wearable Payment Device Market: Snapshot
- Chapter 3. Global Wearable Payment Device Market– Industry Analysis
- 3.1. Wearable Payment Device Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Growing trend for cashless payments as well as necessity of secured financial transactions will drive the growth of wearable payment equipment market over 2020-2026.
- 3.2.2. Large-scale use of smart technulogies along with humungous web penetration will steer industry trends.
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Attractiveness Analysis
- 3.4.1. Market attractiveness analysis By Application
- 3.4.2. Market attractiveness analysis By Device Type
- Chapter 4. Global Wearable Payment Device Market– Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Wearable Payment Device Market: company market share, 2018
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Product launches
- 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Wearable Payment Device Market– Application Analysis
- 5.1. Global Wearable Payment Device Market overview: By Application
- 5.1.1. Global Wearable Payment Device Market share, By Application , 2019 and 2026
- 5.2. Retail
- 5.2.1. Global Wearable Payment Device Market By Retail, 2016–2026 (USD Billion)
- 5.3. Transport
- 5.3.1. Global Wearable Payment Device Market By Transport, 2016–2026 (USD Billion)
- 5.4. Healthcare
- 5.4.1. Global Wearable Payment Device Market By Healthcare, 2016–2026 (USD Billion)
- 5.5. Fitness
- 5.5.1. Global Wearable Payment Device Market By Fitness, 2016–2026 (USD Billion)
- 5.6. Hospitability
- 5.6.1. Global Wearable Payment Device Market By Hospitability, 2016–2026 (USD Billion)
- 5.1. Global Wearable Payment Device Market overview: By Application
- Chapter 6. Global Wearable Payment Device Market– Device Type Analysis
- 6.1. Global Wearable Payment Device Market overview: By Device Type
- 6.1.1. Global Wearable Payment Device Market share, By Device Type, 2019 and 2026
- 6.2. Fitness Tracker
- 6.2.1. Global Wearable Payment Device Market By Fitness Tracker , 2016–2026 (USD Billion)
- 6.3. Smart Watches
- 6.3.1. Global Wearable Payment Device Market By Smart Watches, 2016–2026 (USD Billion)
- 6.1. Global Wearable Payment Device Market overview: By Device Type
- Chapter 7. Company Profiles
- 7.1. Fitbit Inc.
- 7.1.1. Overview
- 7.1.2. Financials
- 7.1.3. Product Portfolio
- 7.1.4. Business Strategy
- 7.1.5. Recent Developments
- 7.2. Apple Inc.
- 7.2.1. Overview
- 7.2.2. Financials
- 7.2.3. Product Portfolio
- 7.2.4. Business Strategy
- 7.2.5. Recent Developments
- 7.3. Garmin AB
- 7.3.1. Overview
- 7.3.2. Financials
- 7.3.3. Product Portfolio
- 7.3.4. Business Strategy
- 7.3.5. Recent Developments
- 7.4. Samsung Electronics Co., Ltd.
- 7.4.1. Overview
- 7.4.2. Financials
- 7.4.3. Product Portfolio
- 7.4.4. Business Strategy
- 7.4.5. Recent Developments
- 7.5. Xiaomi Corporation
- 7.5.1. Overview
- 7.5.2. Financials
- 7.5.3. Product Portfolio
- 7.5.4. Business Strategy
- 7.5.5. Recent Development
- 7.1. Fitbit Inc.
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global Wearable Payment Device Market, 2016–2026 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Wearable Payment Device Market attractiveness, By Application
6. Global Wearable Payment Device Market attractiveness, By Device Type
7. Global Wearable Payment Device Market Share by Application ,2019 and 2026 (USD Billion)
8. Global Wearable Payment Device Market by Transport ,2016–2026 (USD Billion)
9. Global Wearable Payment Device Market by Retail,2016–2026 (USD Billion)
10. Global Wearable Payment Device Market by Healthcare,2016–2026 (USD Billion)
11. Global Wearable Payment Device Market by Fitness, 2016–2026 (USD Billion)
12. Global Wearable Payment Device Market by Hospitability, 2016–2026 (USD Billion)
13. Global Wearable Payment Device Market Share by Device Type ,2019 and 2026 (USD Billion)
14. Global Wearable Payment Device Market by Fitness Tracker , and,2016–2026 (USD Billion)
15. Global Wearable Payment Device Market by Smart Watches,2016–2026 (USD Billion)
16. Global Wearable Payment Device Market share, by Region, 2019 and 2026
17. North America Wearable Payment Device Market, 2016–2026 (USD Billion)
18. Europe Wearable Payment Device Market, 2016–2026 (USD Billion)
19. Asia Pacific Wearable Payment Device Market, 2016–2026 (USD Billion)
20. Latin America Wearable Payment Device Market, 2016–2026 (USD Billion)
21. The Middle East and Africa Wearable Payment Device Market, 2016–2026 (USD Billion)
Table Of Tables
List of Tables
1. Global Wearable Payment Device Market: snapshot
2. Drivers of the Wearable Payment Device Market: impact analysis
3. North America Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
4. North America Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
5. The U.S. Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
6. The U.S. Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
7. Rest of North America Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
8. Rest of North America Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
9. Europe Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
10. Europe Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
11. UK Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
12. UK Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
13. France Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
14. France Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
15. Germany Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
16. Germany Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
17. Rest of Europe Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
18. Rest of Europe Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
19. Asia Pacific Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
20. Asia Pacific Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
21. China Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
22. China Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
23. Japan Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
24. Japan Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
25. India Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
26. India Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
27. Rest of Asia Pacific Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
28. Rest of Asia Pacific Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
29. Latin America Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
30. Latin America Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
31. Brazil Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
32. Brazil Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
33. Rest of Latin America Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
34. Rest of Latin America Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
35. The Middle East and Africa Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
36. The Middle East and Africa Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
37. Saudi Arabia Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
38. Saudi Arabia Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
39. South Africa Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
40. South Africa Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
41. Rest of the Middle East & Africa Wearable Payment Device Market revenue, By Application, 2016–2026 (USD Billion)
42. Rest of the Middle East & Africa Wearable Payment Device Market revenue, By Device Type, 2016–2026 (USD Billion)
Methodology
FrequentlyAsked Questions
Growing trend for cashless payments as well as necessity of secured financial transactions will drive the growth of wearable payment equipment market over 2024-2032. Apart from this, large-scale use of smart technologies along with humungous web penetration will steer industry trends. In addition to this, massive use of smartphones and preference of online payments will create lucrative demand for wearable payment devices over the forthcoming years. Thriving IoT sector as well as need to provide seamless shopping experience to end-users will prompt the market space over the years to come.
Furthermore, low costs of NFC system/tool deployment have given impetus to wearable payment device market. Additionally, rise in the spread of COVID 19 pandemic across the globe will further enhance the need for cashless transactions, thereby resulting in growing popularity of wearable payment devices. However, low battery lifecycle and huge costs will create hurdles in the path of industry growth over forecast timeframe. Nonetheless, rapid digitization of banking operations as well as automation of functions in various financial institutions will not only offset the hindrances but will boost the size of wearable payment device market in the near future.
global Wearable Payment Device Market was worth USD 42.88 Billion in 2023. The market is forecast to reach USD 575.71 Billion by 2032, growing at a compound annual growth rate (CAGR) of 29.7% during the forecast period 2024-2032
Which region will make notable contributions towards overall Wearable Payment Device Market revenue?
North America is likely to make noteworthy contributions towards overall market revenue during 2024-2032. The growth of the industry in the sub-continent over the estimated timespan is attributed to presence of giant smart wearable equipment manufacturers in the region. Rise in use of the smart wearable devices by fitness enthusiasts will culminate into growth of regional market size over the forecast timeframe.
The key players profiled in the report include are Fitbit Inc. (U.S.), Apple Inc. (U.S.) Garmin AB (Switzerland), Samsung Electronics Co., Ltd., (South Korea), and Xiaomi Corporation (China).
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