Wearable Payment Device Market by Device Type (Fitness Trackers, Payment Wristbands, Smart Rings), Technology (Near Field Communications, QR & Barcodes, Radio Frequency Identification), Sales Channel, Application - Global Forecast 2024-2030

Wearable Payment Device Market by Device Type (Fitness Trackers, Payment Wristbands, Smart Rings), Technology (Near Field Communications, QR & Barcodes, Radio Frequency Identification), Sales Channel, Application - Global Forecast 2024-2030


The Wearable Payment Device Market size was estimated at USD 52.23 billion in 2023 and expected to reach USD 59.90 billion in 2024, at a CAGR 14.76% to reach USD 136.97 billion by 2030.

Global Wearable Payment Device Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Wearable Payment Device Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Wearable Payment Device Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Wearable Payment Device Market, highlighting leading vendors and their innovative profiles. These include Alphabet Inc., Apple Inc., Barclays plc, Fitbit, Inc., Garmin Ltd., Huawei Technologies Co., Ltd., Infineon Technologies AG, Intelligent Venue Solutions, Jakcom Technology Co., McLEAR Ltd., Microsoft Corporation, Paypal Holding Inc., Samsung Electronic Co. Ltd., Sony Group Corporation, and Thales SA.

Market Segmentation & Coverage

This research report categorizes the Wearable Payment Device Market to forecast the revenues and analyze trends in each of the following sub-markets:

Device Type
Fitness Trackers
Payment Wristbands
Smart Rings
Smart Watches
Technology
Near Field Communications
QR & Barcodes
Radio Frequency Identification
Sales Channel
Direct Sales Channel
Indirect Sales Channel
Application
Entertainment Centers
Grocery Stores
Hospitals or Pharmacies
Restaurants
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Wearable Payment Device Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Wearable Payment Device Market?
3. What are the technology trends and regulatory frameworks in the Wearable Payment Device Market?
4. What is the market share of the leading vendors in the Wearable Payment Device Market?
5. Which modes and strategic moves are suitable for entering the Wearable Payment Device Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Wearable Payment Device Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increase in adoption of cashless payments across the globe
5.1.1.2. Emerging demand for wearable devices and contactless payment for secure and safer payment transaction
5.1.1.3. Wearable payment provides enhanced customer experience
5.1.2. Restraints
5.1.2.1. High costs of wearable devices
5.1.3. Opportunities
5.1.3.1. Growth in usage of NFC, RFID and host card emulation technology in wearable payments
5.1.3.2. Increasing technological advancement in the devices
5.1.4. Challenges
5.1.4.1. Risk of stolen and limited battery life of wearable devices
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Wearable Payment Device Market, by Device Type
6.1. Introduction
6.2. Fitness Trackers
6.3. Payment Wristbands
6.4. Smart Rings
6.5. Smart Watches
7. Wearable Payment Device Market, by Technology
7.1. Introduction
7.2. Near Field Communications
7.3. QR & Barcodes
7.4. Radio Frequency Identification
8. Wearable Payment Device Market, by Sales Channel
8.1. Introduction
8.2. Direct Sales Channel
8.3. Indirect Sales Channel
9. Wearable Payment Device Market, by Application
9.1. Introduction
9.2. Entertainment Centers
9.3. Grocery Stores
9.4. Hospitals or Pharmacies
9.5. Restaurants
10. Americas Wearable Payment Device Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Wearable Payment Device Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Wearable Payment Device Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Alphabet Inc.
14.1.2. Apple Inc.
14.1.3. Barclays plc
14.1.4. Fitbit, Inc.
14.1.5. Garmin Ltd.
14.1.6. Huawei Technologies Co., Ltd.
14.1.7. Infineon Technologies AG
14.1.8. Intelligent Venue Solutions
14.1.9. Jakcom Technology Co.
14.1.10. McLEAR Ltd.
14.1.11. Microsoft Corporation
14.1.12. Paypal Holding Inc.
14.1.13. Samsung Electronic Co. Ltd.
14.1.14. Sony Group Corporation
14.1.15. Thales SA
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
FIGURE 1. WEARABLE PAYMENT DEVICE MARKET RESEARCH PROCESS
FIGURE 2. WEARABLE PAYMENT DEVICE MARKET SIZE, 2023 VS 2030
FIGURE 3. WEARABLE PAYMENT DEVICE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. WEARABLE PAYMENT DEVICE MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. WEARABLE PAYMENT DEVICE MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. WEARABLE PAYMENT DEVICE MARKET DYNAMICS
FIGURE 7. WEARABLE PAYMENT DEVICE MARKET SIZE, BY DEVICE TYPE, 2023 VS 2030 (%)
FIGURE 8. WEARABLE PAYMENT DEVICE MARKET SIZE, BY DEVICE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. WEARABLE PAYMENT DEVICE MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
FIGURE 10. WEARABLE PAYMENT DEVICE MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. WEARABLE PAYMENT DEVICE MARKET SIZE, BY SALES CHANNEL, 2023 VS 2030 (%)
FIGURE 12. WEARABLE PAYMENT DEVICE MARKET SIZE, BY SALES CHANNEL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. WEARABLE PAYMENT DEVICE MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 14. WEARABLE PAYMENT DEVICE MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS WEARABLE PAYMENT DEVICE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS WEARABLE PAYMENT DEVICE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES WEARABLE PAYMENT DEVICE MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES WEARABLE PAYMENT DEVICE MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC WEARABLE PAYMENT DEVICE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC WEARABLE PAYMENT DEVICE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA WEARABLE PAYMENT DEVICE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA WEARABLE PAYMENT DEVICE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. WEARABLE PAYMENT DEVICE MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. WEARABLE PAYMENT DEVICE MARKET SHARE, BY KEY PLAYER, 2023

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