Smart-Connected Wallets

Global Smart-Connected Wallets Market to Reach US$609.4 Million by 2030

The global market for Smart-Connected Wallets estimated at US$408.5 Million in the year 2024, is expected to reach US$609.4 Million by 2030, growing at a CAGR of 6.9% over the analysis period 2024-2030. Wi-Fi, one of the segments analyzed in the report, is expected to record a 7.1% CAGR and reach US$459.4 Million by the end of the analysis period. Growth in the Bluetooth segment is estimated at 6.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$112.2 Million While China is Forecast to Grow at 6.3% CAGR

The Smart-Connected Wallets market in the U.S. is estimated at US$112.2 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$94.1 Million by the year 2030 trailing a CAGR of 6.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.1% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Global Smart-Connected Wallets Market - Key Trends and Drivers Summarized

Smart-Connected Wallets: How Are They Redefining Personal Security and Convenience?

Smart-connected wallets are innovative accessories designed to enhance personal security and convenience by integrating digital technologies such as Bluetooth, GPS tracking, RFID-blocking, and smartphone connectivity. These wallets offer features like anti-theft alarms, location tracking, remote locking, and contactless payment capabilities, making them an essential accessory for tech-savvy consumers. The market for smart-connected wallets is expanding rapidly as the demand for smart accessories that provide both style and functionality grows. Market segments include Bluetooth-enabled wallets, RFID-blocking wallets, GPS-tracking wallets, and wallets with integrated power banks or cardholder slots, catering to different consumer needs and preferences for security, convenience, and design.

What Role Do Connectivity Features Play in Enhancing Smart Wallet Functionality?

Connectivity features are central to the functionality of smart-connected wallets, providing users with enhanced security, convenience, and peace of mind. Bluetooth connectivity allows wallets to pair with smartphones, enabling features such as proximity alerts, anti-theft alarms, and location tracking, which help prevent loss or theft. GPS-enabled smart wallets provide real-time tracking capabilities, allowing users to locate their wallets from anywhere, reducing the risk of losing valuable belongings. RFID-blocking technology is being integrated into smart wallets to protect users from electronic pickpocketing and unauthorized scanning of contactless payment cards. Additionally, the integration of wireless charging capabilities and built-in power banks in smart wallets is providing added convenience for users who want to charge their phones or other devices on the go.

What Market Trends Are Driving the Demand for Smart-Connected Wallets?

Several market trends are driving the demand for smart-connected wallets, reflecting the growing consumer interest in smart accessories that combine style, security, and functionality. The increasing awareness of digital theft and identity fraud is driving the demand for smart wallets equipped with RFID-blocking technology and anti-theft features. The rise in contactless payment adoption is expanding the market for wallets that support NFC (Near Field Communication) and mobile payment integration, allowing users to make secure transactions without carrying physical cards. The trend of digital minimalism and multi-functionality is prompting consumers to invest in smart wallets that offer multiple features, such as cardholder slots, power banks, and GPS tracking, in a compact design. Additionally, the growing popularity of premium and designer smart wallets that offer both aesthetics and advanced technology is shaping the market dynamics.

What Drives the Growth in the Smart-Connected Wallets Market?

The growth in the smart-connected wallets market is driven by several factors, including advancements in smart accessory technologies, the rising concern for digital security and privacy, and the increasing adoption of contactless payment solutions. The integration of Bluetooth, GPS, and RFID-blocking technologies in smart wallets is enhancing security features and user convenience, driving market adoption. The growing demand for multi-functional and stylish smart accessories that offer a combination of security, convenience, and technology is also supporting market growth. Additionally, the trend of cashless transactions and the rise of mobile payment platforms are creating new opportunities for smart wallets that provide seamless payment options. The increasing focus on product innovation and the development of premium smart wallets by fashion and tech brands are further contributing to the growth of the smart-connected wallets market.

SCOPE OF STUDY:

The report analyzes the Smart-Connected Wallets market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Wi-Fi, Bluetooth); Application (Retail, Financial Services, Hospitality, Travel, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 43 Featured) -

• Aid Technology Ltd
• Arista Vault
• Baggizmo
• Blockchain App Factory
• Garry17
• MYKEY Lab
• Neutvault
• NXT-ID Inc.
• Ogon Designs
• Revol

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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