Global Wearable Payment Market Growth 2025-2031
Description
The global Wearable Payment market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Wearable payment refers to transactions between wearable devices and contactless payment terminals like NFC. NFC is a standard-based short-range (about 10 cm) connectivity that uses high-frequency wireless communication technology. This technology enables peer-to-peer communication between two devices, by bringing them in close proximity. End-users use this technology to transfer information from their devices to contactless payment terminals such as smartphones and NFC tags. The technology involves a direct transfer of data between wearable devices and POS devices.
According to the report, one of the primary drivers in the market is declining cost of NFC technology. The global wearable payment market is driven by the declining cost of NFC technology. The technology has become more affordable for device manufacturers that integrate the technology into wearable devices. In addition, as the number of vendors offering wearable devices is increasing, it is likely to support the growth of the wearable payment in the coming years. The declining price of NFC technology and the growth of the NFC ecosystem that supports various NFC applications have encouraged vendors to integrate NFC technology into wearable devices. Jawbone launched the fitness device UP4, which is integrated with payment technology. This will likely encourage more people to adopt NFC-enabled wearable devices, which will in turn, drive the growth of the global wearable payment market during the forecast period.
LP Information, Inc. (LPI) ' newest research report, the “Wearable Payment Industry Forecast” looks at past sales and reviews total world Wearable Payment sales in 2024, providing a comprehensive analysis by region and market sector of projected Wearable Payment sales for 2025 through 2031. With Wearable Payment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wearable Payment industry.
This Insight Report provides a comprehensive analysis of the global Wearable Payment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wearable Payment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Wearable Payment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wearable Payment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wearable Payment.
This report presents a comprehensive overview, market shares, and growth opportunities of Wearable Payment market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Smart Watches
Fitness Trackers
Payment Wristbands
Segmentation by Application:
Household
Commercial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Apple
Jawbone
Google
MasterCard
Samsung Electronics
Visa
Alibaba
American Express
Barclays
Broadcom
Fitbit
Gemalto
Infineon Technologies
Inside Secure
MediaTek
Microsoft
NXP Semiconductors
Qualcomm
PayPal
Renesas Electronics
Sony
Xiaomi
Key Questions Addressed in this Report
What is the 10-year outlook for the global Wearable Payment market?
What factors are driving Wearable Payment market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Wearable Payment market opportunities vary by end market size?
How does Wearable Payment break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Wearable payment refers to transactions between wearable devices and contactless payment terminals like NFC. NFC is a standard-based short-range (about 10 cm) connectivity that uses high-frequency wireless communication technology. This technology enables peer-to-peer communication between two devices, by bringing them in close proximity. End-users use this technology to transfer information from their devices to contactless payment terminals such as smartphones and NFC tags. The technology involves a direct transfer of data between wearable devices and POS devices.
According to the report, one of the primary drivers in the market is declining cost of NFC technology. The global wearable payment market is driven by the declining cost of NFC technology. The technology has become more affordable for device manufacturers that integrate the technology into wearable devices. In addition, as the number of vendors offering wearable devices is increasing, it is likely to support the growth of the wearable payment in the coming years. The declining price of NFC technology and the growth of the NFC ecosystem that supports various NFC applications have encouraged vendors to integrate NFC technology into wearable devices. Jawbone launched the fitness device UP4, which is integrated with payment technology. This will likely encourage more people to adopt NFC-enabled wearable devices, which will in turn, drive the growth of the global wearable payment market during the forecast period.
LP Information, Inc. (LPI) ' newest research report, the “Wearable Payment Industry Forecast” looks at past sales and reviews total world Wearable Payment sales in 2024, providing a comprehensive analysis by region and market sector of projected Wearable Payment sales for 2025 through 2031. With Wearable Payment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wearable Payment industry.
This Insight Report provides a comprehensive analysis of the global Wearable Payment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wearable Payment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Wearable Payment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wearable Payment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wearable Payment.
This report presents a comprehensive overview, market shares, and growth opportunities of Wearable Payment market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Smart Watches
Fitness Trackers
Payment Wristbands
Segmentation by Application:
Household
Commercial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Apple
Jawbone
MasterCard
Samsung Electronics
Visa
Alibaba
American Express
Barclays
Broadcom
Fitbit
Gemalto
Infineon Technologies
Inside Secure
MediaTek
Microsoft
NXP Semiconductors
Qualcomm
PayPal
Renesas Electronics
Sony
Xiaomi
Key Questions Addressed in this Report
What is the 10-year outlook for the global Wearable Payment market?
What factors are driving Wearable Payment market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Wearable Payment market opportunities vary by end market size?
How does Wearable Payment break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
147 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Wearable Payment by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Wearable Payment by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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