Wearable Payment Device Market Size- By Device, By Technology, By Sales Channel, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Wearable Payment Device Market Overview
According to SPER Market Research, the Global Wearable Payment Device Market is estimated to reach USD 179.11 billion by 2032 with a CAGR of 13.85%. Anything that can be fastened to the body and used to accept payments of any kind is a wearable. Smartwatches and fitness trackers are the two wearables that are most commonly utilised. They connect a gadget to a user's bank account via platforms like Apple Pay and Samsung Pay. Also, with innovations like smartwatches, virtual reality and augmented reality, smart jackets, and a wide range of other gadgets, we are moving towards a more linked existence.
Impact of COVID-19 on the Global Wearable Payment Device Market
The Covid-19 pandemic has had a complex impact on the global wearable payment device market. While the reduced demand for these devices due to decreased foot traffic in physical stores has presented challenges, the pandemic has also accelerated the adoption of digital payments and contactless payment options. This has led to increased demand for wearable payment devices that provide these features, creating new opportunities for growth and investment.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments coveredBy Application, By Device, By Sales Channel, By Technology.
Regions coveredAsia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered
Apple Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Fitbit Inc. (US), Garmin AB (Switzerland), Xiaomi Corporation (China), Google LLC (US), PayPal Holding Inc. (US), Barclays PLC (UK), MasterCard, VISA Inc. (US), Tappy Technologies Ltd. (US)
Global Wearable Payment Device Market Segmentation:
By Application:Based on the Application, Global Wearable Payment Device Market is segmented as; Retail/Grocery Stores, Restaurants, Hospitals/Pharmacies, Entertainment Centers
By Technology:Based on the Technology, Global Wearable Payment Device Market is segmented as; Near-field Communication Technology (NFC), Radio Frequency Identification (RFID), QR & Bar Codes
By Region:The Global Wearable Payment Device Market report covers Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER’s internal database
- 2.1.4 Premium insight from KOL’s
- 2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
- 2.3 Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
- 4.2. COVID-19 Impacts of the Global Wearable Payment Device Market
- 5. Market variables and outlook
- 5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
- 5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
- 5.3. PORTER’S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
- 5.4. Heat map analysis
- 6. Competitive Landscape
- 6.1 Global Wearable Payment Device Manufacturing Base Distribution, Sales Area, Product Type
- 6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Wearable Payment Device Market
- 7. Global Wearable Payment Device Market, By Application, 2019-2032 (USD Million)
- 7.1 Entertainment Centers
- 7.2 Hospitals/Pharmacies
- 7.3 Restaurants
- 7.4 Retail/Grocery Stores
- 8. Global Wearable Payment Device Market, By Device, 2019-2032 (USD Million)
- 8.1 Fitness Tracker
- 8.2 Payment Wristbands
- 8.3 Smart Rings
- 8.4 Smart Watches
- 9. Global Wearable Payment Device Market, By Sales Channel, 2019-2032 (USD Million)
- 9.1 Direct Sales
- 9.2 Indirect Sales
- 10. Global Wearable Payment Device Market, By Technology, 2019-2032 (USD Million)
- 10.1 Near-field Communication Technology (NFC)
- 10.2 QR & Bar Codes
- 10.3 Radio Frequency Identification (RFID)
- 11. Global Wearable Payment Device Market, By Region, 2019-2032 (USD Million)
- 11.1 Global Wearable Payment Device Market Size and Market Share by Region (2019-2025)
- 11.2 Global Wearable Payment Device Market Size and Market Share by Region (2026-2032)
- 11.3 Asia-Pacific
- 11.3.1 Australia
- 11.3.2 China
- 11.3.3 India
- 11.3.4 Japan
- 11.3.5 South Korea
- 11.3.6 Rest of Asia-Pacific
- 11.4 Europe
- 11.4.1 France
- 11.4.2 Germany
- 11.4.3 Italy
- 11.4.4 Spain
- 11.4.5 United Kingdom
- 11.4.6 Rest of Europe
- 11.5 Middle East and Africa
- 11.5.1 Kingdom of Saudi Arabia
- 11.5.2 United Arab Emirates
- 11.5.3 Rest of Middle East & Africa
- 11.6 North America
- 11.6.1 Canada
- 11.6.2 Mexico
- 11.6.3 United States
- 11.7 Latin America
- 11.7.1 Argentina
- 11.7.2 Brazil
- 11.7.3 Rest of Latin America
- 12. Company Profiles
- 12.1 Apple Inc. (US)
- 12.1.1 Company details
- 12.1.2 Financial outlook
- 12.1.3 Product summary
- 12.1.4 Recent developments
- 12.2 Samsung Electronics Co., Ltd. (South Korea)
- 12.2.1 Company details
- 12.2.2 Financial outlook
- 12.2.3 Product summary
- 12.2.4 Recent developments
- 12.3 Fitbit Inc. (US)
- 12.3.1 Company details
- 12.3.2 Financial outlook
- 12.3.3 Product summary
- 12.3.4 Recent developments
- 12.4 Garmin AB (Switzerland)
- 12.4.1 Company details
- 12.4.2 Financial outlook
- 12.4.3 Product summary
- 12.4.4 Recent developments
- 12.5 Xiaomi Corporation (China)
- 12.5.1 Company details
- 12.5.2 Financial outlook
- 12.5.3 Product summary
- 12.5.4 Recent developments
- 12.6 Google LLC (US)
- 12.6.1 Company details
- 12.6.2 Financial outlook
- 12.6.3 Product summary
- 12.6.4 Recent developments
- 12.7 PayPal Holding Inc. (US)
- 12.7.1 Company details
- 12.7.2 Financial outlook
- 12.7.3 Product summary
- 12.7.4 Recent developments
- 12.8 Barclays PLC (UK)
- 12.8.1 Company details
- 12.8.2 Financial outlook
- 12.8.3 Product summary
- 12.8.4 Recent developments
- 12.9 MasterCard
- 12.9.1 Company details
- 12.9.2 Financial outlook
- 12.9.3 Product summary
- 12.9.4 Recent developments
- 12.10 VISA Inc. (US)
- 12.10.1 Company details
- 12.10.2 Financial outlook
- 12.10.3 Product summary
- 12.10.4 Recent developments
- 12.11 Tappy Technologies Ltd. (US)
- 12.11.1 Company details
- 12.11.2 Financial outlook
- 12.11.3 Product summary
- 12.11.4 Recent developments
- 13. List of Abbreviations
- 14. Reference Links
- 15. Conclusion
- 16. Research Scope
Research Assistance
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