What are wearable payments devices?

Wearable payments devices are electronic devices that can be worn on the body, such as smartwatches, fitness trackers, and payment-enabled jewelry, that allow users to make payments without the need for physical cash or cards.

How big is Wearable Payments Devices Market?

The Global Wearable Payments Devices Market size is expected to be worth around USD 225 Billion by 2033, from USD 45 Billion in 2023, growing at a CAGR of 16.7% during the forecast period from 2024 to 2033.

Which are the top players in the wearable payment device market?

The major vendors operating in the wearable payment device market include Garmin Ltd., Barclays, Samsung Electronics Co Ltd, Xiaomi Corporation, Visa, Google LLC, Mastercard Inc., Apple Inc, Other Key Players

What are the key drivers of growth in the wearable payments devices market?

The growth of the wearable payments devices market can be attributed to factors such as the increasing adoption of contactless payment technology, the convenience of wearable devices, and the growing popularity of mobile payment solutions.

What are the major challenges facing the wearable payments devices market?

Some of the challenges facing the wearable payments devices market include concerns about security and privacy, the need for interoperability between different devices and payment systems, and the potential for regulatory hurdles.

What is the leading application of Wearable Payment Devices Market?

In 2023, the Retail & Grocery Stores segment held a dominant market position within the wearable payments devices market, capturing more than a 31.4% share.

Global Wearable Payment Devices Market By Device Type (Smart Watches, Fitness Trackers, Smart Rings, Payment Wristbands), By Technology (Near Field Communication Technology, Quick Response & Barcodes, Radiofrequency Identification), By Application (Retail & Grocery Stores, Restaurants & Bars, Entertainment Sources, Hospital & Pharmacies), By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2024-2033

Published date: Feb. 2024
Report ID: 115523
Number of Pages: 368
Format:

- 1. Executive Summary
  - 1.1. Definition
  - 1.2. Taxonomy
  - 1.3. Research Scope
  - 1.4. Key Analysis
  - 1.5. Key Findings by Major Segments
  - 1.6. Top strategies by Major Players
- 2. Global Wearable Payments Devices Market Overview
  - 2.1. Wearable Payments Devices Market Dynamics
    
    2.1.1. Drivers
    
    2.1.2. Opportunities
    
    2.1.3. Restraints
    
    2.1.4. Challenges
  - 2.2. Macro-economic Factors
  - 2.3. Regulatory Framework
  - 2.4. Market Investment Feasibility Index
  - 2.5. PEST Analysis
  - 2.6. PORTER’S Five Force Analysis
  - 2.7. Drivers & Restraints Impact Analysis
  - 2.8. Industry Chain Analysis
  - 2.9. Cost Structure Analysis
  - 2.10. Marketing Strategy
  - 2.11. Russia-Ukraine War Impact Analysis
  - 2.12. Opportunity Map Analysis
  - 2.13. Market Competition Scenario Analysis
  - 2.14. Product Life Cycle Analysis
  - 2.15. Opportunity Orbits
  - 2.16. Manufacturer Intensity Map
  - 2.17. Major Companies sales by Value & Volume
- 3. Global Wearable Payments Devices Market Analysis, Opportunity and Forecast, 2016-2032
  - 3.1. Global Wearable Payments Devices Market Analysis, 2016-2021
  - 3.2. Global Wearable Payments Devices Market Opportunity and Forecast, 2023-2032
  - 3.3. Global Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Device Type, 2016-2032
    
    3.3.1. Global Wearable Payments Devices Market Analysis by Device Type: Introduction
    
    3.3.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Device Type, 2016-2032
    
    3.3.3. Smart Watches
    
    3.3.4. Fitness Trackers
    
    3.3.5. Smart Rings
    
    3.3.6. Payment Wristbands
  - 3.4. Global Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Technology, 2016-2032
    
    3.4.1. Global Wearable Payments Devices Market Analysis by Technology: Introduction
    
    3.4.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Technology, 2016-2032
    
    3.4.3. Near Field Communication Technology
    
    3.4.4. Quick Response & Barcodes
    
    3.4.5. Radiofrequency Identification
  - 3.5. Global Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Application, 2016-2032
    
    3.5.1. Global Wearable Payments Devices Market Analysis by Application: Introduction
    
    3.5.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Application, 2016-2032
    
    3.5.3. Retail & Grocery Stores
    
    3.5.4. Restaurants & Bars
    
    3.5.5. Entertainment Sources
    
    3.5.6. Hospital & Pharmacies
- 4. North America Wearable Payments Devices Market Analysis, Opportunity and Forecast, 2016-2032
  - 4.1. North America Wearable Payments Devices Market Analysis, 2016-2021
  - 4.2. North America Wearable Payments Devices Market Opportunity and Forecast, 2023-2032
  - 4.3. North America Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Device Type, 2016-2032
    
    4.3.1. North America Wearable Payments Devices Market Analysis by Device Type: Introduction
    
    4.3.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Device Type, 2016-2032
    
    4.3.3. Smart Watches
    
    4.3.4. Fitness Trackers
    
    4.3.5. Smart Rings
    
    4.3.6. Payment Wristbands
  - 4.4. North America Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Technology, 2016-2032
    
    4.4.1. North America Wearable Payments Devices Market Analysis by Technology: Introduction
    
    4.4.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Technology, 2016-2032
    
    4.4.3. Near Field Communication Technology
    
    4.4.4. Quick Response & Barcodes
    
    4.4.5. Radiofrequency Identification
  - 4.5. North America Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Application, 2016-2032
    
    4.5.1. North America Wearable Payments Devices Market Analysis by Application: Introduction
    
    4.5.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Application, 2016-2032
    
    4.5.3. Retail & Grocery Stores
    
    4.5.4. Restaurants & Bars
    
    4.5.5. Entertainment Sources
    
    4.5.6. Hospital & Pharmacies
- 5. Europe Wearable Payments Devices Market Analysis, Opportunity and Forecast, 2016-2032
  - 5.1. Europe Wearable Payments Devices Market Analysis, 2016-2021
  - 5.2. Europe Wearable Payments Devices Market Opportunity and Forecast, 2023-2032
  - 5.3. Europe Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Device Type, 2016-2032
    
    5.3.1. Europe Wearable Payments Devices Market Analysis by Device Type: Introduction
    
    5.3.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Device Type, 2016-2032
    
    5.3.3. Smart Watches
    
    5.3.4. Fitness Trackers
    
    5.3.5. Smart Rings
    
    5.3.6. Payment Wristbands
  - 5.4. Europe Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Technology, 2016-2032
    
    5.4.1. Europe Wearable Payments Devices Market Analysis by Technology: Introduction
    
    5.4.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Technology, 2016-2032
    
    5.4.3. Near Field Communication Technology
    
    5.4.4. Quick Response & Barcodes
    
    5.4.5. Radiofrequency Identification
  - 5.5. Europe Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Application, 2016-2032
    
    5.5.1. Europe Wearable Payments Devices Market Analysis by Application: Introduction
    
    5.5.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Application, 2016-2032
    
    5.5.3. Retail & Grocery Stores
    
    5.5.4. Restaurants & Bars
    
    5.5.5. Entertainment Sources
    
    5.5.6. Hospital & Pharmacies
- 6. Asia-Pacific Wearable Payments Devices Market Analysis, Opportunity and Forecast, 2016-2032
  - 6.1. Asia-Pacific Wearable Payments Devices Market Analysis, 2016-2021
  - 6.2. Asia-Pacific Wearable Payments Devices Market Opportunity and Forecast, 2023-2032
  - 6.3. Asia-Pacific Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Device Type, 2016-2032
    
    6.3.1. Asia-Pacific Wearable Payments Devices Market Analysis by Device Type: Introduction
    
    6.3.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Device Type, 2016-2032
    
    6.3.3. Smart Watches
    
    6.3.4. Fitness Trackers
    
    6.3.5. Smart Rings
    
    6.3.6. Payment Wristbands
  - 6.4. Asia-Pacific Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Technology, 2016-2032
    
    6.4.1. Asia-Pacific Wearable Payments Devices Market Analysis by Technology: Introduction
    
    6.4.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Technology, 2016-2032
    
    6.4.3. Near Field Communication Technology
    
    6.4.4. Quick Response & Barcodes
    
    6.4.5. Radiofrequency Identification
  - 6.5. Asia-Pacific Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Application, 2016-2032
    
    6.5.1. Asia-Pacific Wearable Payments Devices Market Analysis by Application: Introduction
    
    6.5.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Application, 2016-2032
    
    6.5.3. Retail & Grocery Stores
    
    6.5.4. Restaurants & Bars
    
    6.5.5. Entertainment Sources
    
    6.5.6. Hospital & Pharmacies
- 7. South America Wearable Payments Devices Market Analysis, Opportunity and Forecast, 2016-2032
  - 7.1. South America Wearable Payments Devices Market Analysis, 2016-2021
  - 7.2. South America Wearable Payments Devices Market Opportunity and Forecast, 2023-2032
  - 7.3. South America Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Device Type, 2016-2032
    
    7.3.1. South America Wearable Payments Devices Market Analysis by Device Type: Introduction
    
    7.3.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Device Type, 2016-2032
    
    7.3.3. Smart Watches
    
    7.3.4. Fitness Trackers
    
    7.3.5. Smart Rings
    
    7.3.6. Payment Wristbands
  - 7.4. South America Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Technology, 2016-2032
    
    7.4.1. South America Wearable Payments Devices Market Analysis by Technology: Introduction
    
    7.4.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Technology, 2016-2032
    
    7.4.3. Near Field Communication Technology
    
    7.4.4. Quick Response & Barcodes
    
    7.4.5. Radiofrequency Identification
  - 7.5. South America Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Application, 2016-2032
    
    7.5.1. South America Wearable Payments Devices Market Analysis by Application: Introduction
    
    7.5.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Application, 2016-2032
    
    7.5.3. Retail & Grocery Stores
    
    7.5.4. Restaurants & Bars
    
    7.5.5. Entertainment Sources
    
    7.5.6. Hospital & Pharmacies
- 8. Middle East and Africa Wearable Payments Devices Market Analysis, Opportunity and Forecast, 2016-2032
  - 8.1. Middle East and Africa Wearable Payments Devices Market Analysis, 2016-2021
  - 8.2. Middle East and Africa Wearable Payments Devices Market Opportunity and Forecast, 2023-2032
  - 8.3. Middle East and Africa Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Device Type, 2016-2032
    
    8.3.1. Middle East and Africa Wearable Payments Devices Market Analysis by Device Type: Introduction
    
    8.3.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Device Type, 2016-2032
    
    8.3.3. Smart Watches
    
    8.3.4. Fitness Trackers
    
    8.3.5. Smart Rings
    
    8.3.6. Payment Wristbands
  - 8.4. Middle East and Africa Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Technology, 2016-2032
    
    8.4.1. Middle East and Africa Wearable Payments Devices Market Analysis by Technology: Introduction
    
    8.4.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Technology, 2016-2032
    
    8.4.3. Near Field Communication Technology
    
    8.4.4. Quick Response & Barcodes
    
    8.4.5. Radiofrequency Identification
  - 8.5. Middle East and Africa Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Application, 2016-2032
    
    8.5.1. Middle East and Africa Wearable Payments Devices Market Analysis by Application: Introduction
    
    8.5.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Application, 2016-2032
    
    8.5.3. Retail & Grocery Stores
    
    8.5.4. Restaurants & Bars
    
    8.5.5. Entertainment Sources
    
    8.5.6. Hospital & Pharmacies
- 9. Global Wearable Payments Devices Market Analysis, Opportunity and Forecast, By Region , 2016-2032
  - 9.1. Global Wearable Payments Devices Market Analysis by Region : Introduction
  - 9.2. Market Size Absolute $ Opportunity Analysis and Forecast, By Region , 2016-2032
    
    9.2.1.North America
    
    9.2.2.Europe
    
    9.2.3.Asia-Pacific
    
    9.2.4.South America
    
    9.2.5.Middle East and Africa
- 10. Global Wearable Payments Devices Market Competitive Landscape, Market Share Analysis, and Company Profiles
  - 10.1. Market Share Analysis
  - 10.2. Company Profiles
  - 10.3. Garmin Ltd.
    
    10.3.1. Company Overview
    
    10.3.2. Financial Highlights
    
    10.3.3. Product Portfolio
    
    10.3.4. SWOT Analysis
    
    10.3.5. Key Strategies and Developments
  - 10.4. Barclays
    
    10.4.1. Company Overview
    
    10.4.2. Financial Highlights
    
    10.4.3. Product Portfolio
    
    10.4.4. SWOT Analysis
    
    10.4.5. Key Strategies and Developments
  - 10.5. Samsung Electronics Co Ltd
    
    10.5.1. Company Overview
    
    10.5.2. Financial Highlights
    
    10.5.3. Product Portfolio
    
    10.5.4. SWOT Analysis
    
    10.5.5. Key Strategies and Developments
  - 10.6. Xiaomi Corporation
    
    10.6.1. Company Overview
    
    10.6.2. Financial Highlights
    
    10.6.3. Product Portfolio
    
    10.6.4. SWOT Analysis
    
    10.6.5. Key Strategies and Developments
  - 10.7. Visa
    
    10.7.1. Company Overview
    
    10.7.2. Financial Highlights
    
    10.7.3. Product Portfolio
    
    10.7.4. SWOT Analysis
    
    10.7.5. Key Strategies and Developments
  - 10.8. Google LLC
    
    10.8.1. Company Overview
    
    10.8.2. Financial Highlights
    
    10.8.3. Product Portfolio
    
    10.8.4. SWOT Analysis
    
    10.8.5. Key Strategies and Developments
  - 10.9. Mastercard Inc.
    
    10.9.1. Company Overview
    
    10.9.2. Financial Highlights
    
    10.9.3. Product Portfolio
    
    10.9.4. SWOT Analysis
    
    10.9.5. Key Strategies and Developments
  - 10.10. Apple Inc
    
    10.10.1. Company Overview
    
    10.10.2. Financial Highlights
    
    10.10.3. Product Portfolio
    
    10.10.4. SWOT Analysis
    
    10.10.5. Key Strategies and Developments
  - 10.11. Other Key Players
    
    10.11.1. Company Overview
    
    10.11.2. Financial Highlights
    
    10.11.3. Product Portfolio
    
    10.11.4. SWOT Analysis
    
    10.11.5. Key Strategies and Developments
- 11. Assumptions and Acronyms
- 12. Research Methodology
- 13. Contact
- Garmin Ltd.
- Barclays
- Samsung Electronics Co Ltd
- Xiaomi Corporation
- Visa
- Google LLC
- Mastercard Inc.
- Apple Inc. Company Profile
- Other Key Players