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Wearable Payment Device Market with COVID-19 Impact, by Device Type (Smart Watches, Fitness Trackers), Technology (NFC, RFID), Sales Channel, Application (Retail/Grocery Stores, Restaurants, Entertainment Centers), and Geography - Global Forecast to 2026

April 2029 | 203 pages | ID: W4448E3D1532EN
MarketsandMarkets

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The global wearable payment device market size is projected to grow from USD 43.0 billion in 2021 to USD 82.0 billion by 2026; it is expected to grow at a CAGR of 13.6% from 2021 to 2026. The growth of the wearable payment device market is majorly driven by surge in the adoption of contactless cards and wearable devices due to the COVID-19 situation, emerging demand for contactless payment for secure and safer payment transactions, and the growing adoption of NFC technology.

COVID-19 has emerged as a global pandemic that has spread over 215 countries worldwide and disrupted various industries around the world. The prominent players across industries have been affected by this pandemic. However, the pandamic may have positive impact on the wearable payment device market. With the going COVID-19 pandemic situation, there is a rise in the adoption of contactless payment methods due to the rise in severe health concerns. This is anticipated to increases the demand for smart watches with payment functions in the coming years.

“Smart watches expected to hold the largest market share during the forecast period.”

Smart watches held the largest share of the wearable payment market in 2020. In the recent years, smart watches have NFC technology integrated into them to enable mobile payments. Manufacturers such as Samsung (South Korea), Apple (US), Garmin (Switzerland), and others offer advanced smart watches with payment-enabled features. Besides, in terms of shipment, smart watches accounted for the highest number of shipped units of devices integrated with mobile payment functions in 2020, globally, as compared to other device types. With the going COVID-19 pandemic situation, there is a rise in the adoption of contactless payment methods due to the rise in severe health concerns. This is anticipated to increases the demand for smart watches with payment functions in the coming years.

“Retail and grocery stores application is expected to grow at the highest CAGR during the forecast period.”

The wearable payment device market for the retail and grocery stores is expected to grow at the highest CAGR from 2021 to 2026. Consumers have been using contactless payment through wearable devices for billing in retail and grocery stores, as they are convenient and allow the consumers to keep a record of their transactions. Besides, with the ongoing COVID-19 pandemic, consumers are increasingly veering away from handling cash due to the fear of spreading the disease. According to a new National Retail Federation survey, 67% of retailer respondents accept some form of no-touch payment in 2020. Also, several retailers across the world are investing in contactless payment technologies to keep customers safe. Thus, the market for retail and grocery stores is expected to grow at the highest rate during the forecast period.

“APAC is projected to grow at the highest CAGR during the forecast period.”

Wearable payment device market in APAC is expected to grow at the highest CAGR during 2021?2026. The region has the presence of prominent players of wearable devices. The manufacturers in China and India offer wearable devices at a low price, making them affordable for customers. Many international players get their wearable devices manufactured and assembled by local manufacturers based in the region and then brand their names. The region holds many highly populated countries, which account for the high adoption rate of consumer electronics. The ongoing COVID-19 pandemic has accelerated the rise of the digital economy, particularly contactless payments. This, in turn, is expected to increase the demand for wearable payment devices in APAC.

Break-up of the profiles of primary participants:
  • By Company Type – Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
  • By Designation – C-level Executives – 35%, Managers – 40%, and Others – 25%
  • By Region – North America - 30%, Europe – 20%, APAC – 45%, and RoW – 5%
Apple Inc. (US) Samsung Electronics Co., Ltd. (South Korea), Fitbit Inc. (US), Garmin AB (Switzerland), Xiaomi Corporation (China) , Google LLC (US), Tappy Technologies Ltd. (US), Barclays PLC (UK), VISA Inc. (US), PayPal Holding Inc. (US), and Mastercard, Inc. (US) are some of the major players in wearable payment device market.

The Wearable payment device market has been segmented into device type, technology, sales channel, and application and region. The Wearable payment device market has been studied for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).

Reasons to buy the report:
  • Illustrative segmentation, analysis, and forecast of the market based on device type, technology, sales channel, and application, and region have been conducted to give an overall view of the wearable payment device market.
  • A value chain analysis has been performed to provide in-depth insights into the wearable payment device market ecosystem.
  • The report includes pricing analysis, patent analysis, ecosystem analysis as well as technology and case study analysis pertaining to wearable payment device.
  • The key drivers, restraints, opportunities, and challenges pertaining to the wearable payment device market have been detailed in this report.
  • Detailed information regarding the COVID-19 impact and related updates on the wearable payment device market has been provided in the report.
  • The report includes a detailed competitive landscape of the market, along with key players, as well as in-depth analysis of their revenues and market share.
1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 DEFINITION
  1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
  1.3.1 MARKET SEGMENTATION
  1.3.2 GEOGRAPHIC SCOPE
  1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
FIGURE 1 RESEARCH DESIGN
  2.1.1 SECONDARY AND PRIMARY RESEARCH
  2.1.2 SECONDARY DATA
    2.1.2.1 Secondary sources
  2.1.3 PRIMARY DATA
    2.1.3.1 Primary sources
    2.1.3.2 Key industry insights
    2.1.3.3 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
  2.2.1 BOTTOM-UP APPROACH
    2.2.1.1 Approach for arriving at market share by bottom-up analysis
(demand side):
FIGURE 2 BOTTOM-UP APPROACH
  2.2.2 TOP-DOWN APPROACH
    2.2.2.1 Approach for arriving at market share by top-down analysis
(supply side):
FIGURE 3 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY FOR WEARABLE PAYMENT DEVICE MARKET THROUGH SUPPLY-SIDE ANALYSIS
2.3 DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY

TABLE 1 WEARABLE PAYMENT DEVICE MARKET, IN TERMS OF VALUE AND VOLUME, 2017–2020
TABLE 2 WEARABLE PAYMENT DEVICE MARKET, IN TERMS OF VALUE AND VOLUME, 2021–2026
FIGURE 6 EFFECT OF COVID-19 ON WEARABLE PAYMENT DEVICE MARKET
3.1 POST-COVID-19 SCENARIO
TABLE 3 POST-COVID-19 SCENARIO: WEARABLE PAYMENT DEVICE MARKET
3.2 OPTIMISTIC SCENARIO (POST-COVID-19)
TABLE 4 OPTIMISTIC SCENARIO (POST-COVID-19): WEARABLE PAYMENT
DEVICE MARKET
3.3 PESSIMISTIC SCENARIO (POST-COVID-19)
TABLE 5 PESSIMISTIC SCENARIO (POST-COVID-19): WEARABLE PAYMENT
DEVICE MARKET
FIGURE 7 SMART WATCHES TO LEAD WEARABLE PAYMENT DEVICE MARKET, BY DEVICE TYPE, FROM 2021 TO 2026
FIGURE 8 NFC TECHNOLOGY TO HOLD LARGEST SIZE OF WEARABLE PAYMENT DEVICE MARKET IN 2026
FIGURE 9 MARKET FOR RETAIL/GROCERY STORES EXPECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
FIGURE 10 WEARABLE PAYMENT DEVICE MARKET IN APAC EXPECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026

4 PREMIUM INSIGHTS

4.1 OPPORTUNITIES IN WEARABLE PAYMENT DEVICE MARKET
FIGURE 11 ATTRACTIVE OPPORTUNITIES IN WEARABLE PAYMENT DEVICE MARKET FROM 2021 TO 2026
4.2 WEARABLE PAYMENT DEVICE MARKET, BY DEVICE TYPE
FIGURE 12 SMART WATCH SEGMENT HELD LARGEST SHARE OF WEARABLE PAYMENT DEVICE MARKET IN 2021
4.3 WEARABLE PAYMENT DEVICE MARKET IN APAC, BY APPLICATION AND COUNTRY, 2026
FIGURE 13 RETAIL/GROCERY STORES AND CHINA EXPECTED TO BE LARGEST SHAREHOLDERS OF WEARABLE PAYMENT DEVICE MARKET IN APAC IN 2026
4.4 WEARABLE PAYMENT DEVICE MARKET, BY APPLICATION
FIGURE 14 RETAIL/GROCERY STORES EXPECTED TO LEAD WEARABLE PAYMENT DEVICE MARKET DURING FORECAST PERIOD
4.5 WEARABLE PAYMENT DEVICE MARKET, BY COUNTRY
FIGURE 15 WEARABLE PAYMENT DEVICE MARKET IN INDIA EXPECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 WEARABLE PAYMENT DEVICE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  5.2.1 DRIVERS
    5.2.1.1 Growing inclination toward contactless payment methods due to hygiene concerns amid COVID-19
    5.2.1.2 Surging adoption of secure and advanced technology-based digital payment solutions
    5.2.1.3 Increasing focus of wearable technology providers on offering enhanced customer services with mobile applications
    5.2.1.4 Escalating use of NFC technology in wearable devices
    5.2.1.5 Rising demand for wearable electronic devices, which, in turn, would propel growth of wearable payment devices
FIGURE 17 GLOBAL SHIPMENT OF WEARABLE DEVICES, 2017–2020 (MILLION UNITS)
FIGURE 18 IMPACT OF DRIVERS ON WEARABLE PAYMENT DEVICE MARKET
  5.2.2 RESTRAINTS
    5.2.2.1 Battery drain issues in wearable payment devices
    5.2.2.2 Shorter life cycle of consumer electronics
FIGURE 19 IMPACT OF RESTRAINTS ON WEARABLE PAYMENT DEVICE MARKET
  5.2.3 OPPORTUNITIES
    5.2.3.1 Increasing adoption of advanced technologies, such as NFC, RFID, and host card emulation, in wearable payment devices
FIGURE 20 IMPACT OF OPPORTUNITY ON WEARABLE PAYMENT DEVICE MARKET
  5.2.4 CHALLENGES
    5.2.4.1 Security concerns related to wearable payment devices
FIGURE 21 IMPACT OF CHALLENGE ON WEARABLE PAYMENT DEVICE MARKET
5.3 VALUE CHAIN ANALYSIS
FIGURE 22 VALUE CHAIN ANALYSIS OF WEARABLE PAYMENT DEVICE ECOSYSTEM
5.4 ECOSYSTEM ANALYSIS
TABLE 6 ECOSYSTEM: WEARABLE PAYMENT DEVICES
FIGURE 23 YC-YCC SHIFT: WEARABLE PAYMENT DEVICES
5.5 PORTER’S FIVE FORCES ANALYSIS
TABLE 7 IMPACT OF EACH FORCE ON MARKET (2020)
5.6 CASE STUDY ANALYSIS
TABLE 8 PARTNERSHIP BETWEEN TITAN AND SBI TO ADOPT TAPPY TECH’S WEARABLE PAYMENT TECHNOLOGY FOR CONTACTLESS PAYMENTS THROUGH SMART WATCHES
TABLE 9 COLLABORATION BETWEEN BANK OF AMERICA AND FITPAY TO SPEED UP WEARABLE PAYMENTS
5.7 TECHNOLOGY ANALYSIS
  5.7.1 GROWING POPULARITY OF IOT AND CONNECTED DEVICES
  5.7.2 RISING FOCUS ON IMPLEMENTING ARTIFICIAL INTELLIGENCE IN WEARABLES
  5.7.3 SURGING REQUIREMENT TO IMPROVE PERFORMANCE OF WEARABLE PAYMENT DEVICES BY ADDING 5G TECHNOLOGY
5.8 PRICING ANALYSIS
TABLE 10 AVERAGE SELLING PRICES OF WEARABLE PAYMENT DEVICE TYPES, 2020
TABLE 11 AVERAGE SELLING PRICES OF SMART WATCHES OFFERED BY TOP COMPANIES, 2020
TABLE 12 AVERAGE SELLING PRICES OF FITNESS TRACKERS OFFERED
BY TOP COMPANIES, 2020
TABLE 13 AVERAGE SELLING PRICES OF PAYMENT WRISTBANDS OFFERED
BY TOP COMPANIES, 2020
TABLE 14 AVERAGE SELLING PRICES OF SMART RINGS OFFERED
BY TOP COMPANIES, 2020
FIGURE 24 AVERAGE SELLING PRICES OF WEARABLE PAYMENT DEVICES, 2020–2026
5.9 TRADE ANALYSIS
TABLE 15 IMPORT DATA, BY COUNTRY, 2015–2019 (USD MILLION)
TABLE 16 EXPORT DATA, 2015–2019 (USD MILLION)
5.10 PATENT ANALYSIS
TABLE 17 PATENTS IN WEARABLE PAYMENT DEVICE MARKET
5.11 TARIFF & REGULATORY LANDSCAPE
  5.11.1 TARIFF LANDSCAPE
TABLE 18 TARIFF DATA FOR WRIST WATCHES FOR CHINA, BY COUNTRY, 2020
TABLE 19 TARIFF DATA FOR WRIST WATCHES FOR US, BY COUNTRY, 2020
TABLE 20 TARIFF DATA FOR WRIST WATCHES FOR GERMANY, BY COUNTRY, 2020
  5.11.2 REGULATORY LANDSCAPE

6 WEARABLE PAYMENT DEVICE MARKET, BY DEVICE TYPE

6.1 INTRODUCTION
FIGURE 25 WEARABLE PAYMENT DEVICE MARKET, BY DEVICE TYPE
FIGURE 26 SMART WATCHES TO HOLD LARGEST SHARE OF WEARABLE PAYMENT DEVICE MARKET DURING FORECAST PERIOD
6.2 SMART WATCHES
  6.2.1 SMART WATCHES ARE MOST POPULAR WEARABLE PAYMENT DEVICES
TABLE 23 SMART WATCH MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 24 SMART WATCH MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 25 SMART WATCH MARKET, BY SALES CHANNEL, 2017–2020 (USD MILLION)
TABLE 26 SMART WATCH MARKET, BY SALES CHANNEL, 2021–2026 (USD MILLION)
TABLE 27 SMART WATCH MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 28 SMART WATCH MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 29 SMART WATCH MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 30 SMART WATCH MARKET, BY REGION, 2021–2026 (USD MILLION)
6.3 FITNESS TRACKERS
  6.3.1 PAYMENT FUNCTIONS ARE INTEGRATED INTO FITNESS TRACKERS TO INNOVATE DEVICES AND ENHANCE CUSTOMERS’ CONVENIENCE
TABLE 31 FITNESS TRACKER MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 32 FITNESS TRACKER MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 33 FITNESS TRACKER MARKET, BY SALES CHANNEL, 2017–2020 (USD MILLION)
TABLE 34 FITNESS TRACKER MARKET, BY SALES CHANNEL, 2021–2026 (USD MILLION)
TABLE 35 FITNESS TRACKER MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 36 FITNESS TRACKER MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 37 FITNESS TRACKER MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 38 FITNESS TRACKER MARKET, BY REGION, 2021–2026 (USD MILLION)
6.4 PAYMENT WRISTBANDS
  6.4.1 PAYMENT WRISTBANDS ARE WIDELY USED FOR CLOSED-LOOP PAYMENTS
TABLE 39 PAYMENT WRISTBAND MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 40 PAYMENT WRISTBAND MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 41 PAYMENT WRISTBAND MARKET, BY SALES CHANNEL, 2017–2020 (USD MILLION)
TABLE 42 PAYMENT WRISTBAND MARKET, BY SALES CHANNEL, 2021–2026 (USD MILLION)
TABLE 43 PAYMENT WRISTBAND MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 44 PAYMENT WRISTBAND MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 45 PAYMENT WRISTBAND MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 46 PAYMENT WRISTBAND MARKET, BY REGION, BY REGION, 2021–2026 (USD MILLION)
6.5 SMART RINGS
  6.5.1 SMART RINGS ALLOW CUSTOMERS TO PAY FOR SMALL PURCHASES
TABLE 47 SMART RING MARKET, BY TECHNOLOGY, 2017–2020 (USD THOUSAND)
TABLE 48 SMART RING MARKET, BY TECHNOLOGY, 2021–2026 (USD THOUSAND)
TABLE 49 SMART RING MARKET, BY SALES CHANNEL, 2017–2020 (USD THOUSAND)
TABLE 50 SMART RING MARKET, BY SALES CHANNEL, 2021–2026 (USD THOUSAND)
TABLE 51 SMART RING MARKET, BY APPLICATION, 2017–2020 (USD THOUSAND)
TABLE 52 SMART RING MARKET, BY APPLICATION, 2021–2026 (USD THOUSAND)
TABLE 53 SMART RING MARKET, BY REGION, 2017–2020 (USD THOUSAND)
TABLE 54 SMART RING MARKET, BY REGION, BY REGION, 2021–2026 (USD THOUSAND)

7 WEARABLE PAYMENT DEVICE MARKET, BY TECHNOLOGY

7.1 INTRODUCTION
FIGURE 27 WEARABLE PAYMENT DEVICE MARKET, BY TECHNOLOGY
FIGURE 28 MARKET FOR NFC TECHNOLOGY SEGMENT EXPECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
TABLE 55 WEARABLE PAYMENT DEVICE MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 56 WEARABLE PAYMENT DEVICE MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
7.2 NFC (NEAR FIELD COMMUNICATIONS)
  7.2.1 MOST OF WEARABLE PAYMENT DEVICES ARE INTEGRATED WITH NFC TECHNOLOGY TO ENABLE PAYMENT FUNCTIONS
TABLE 57 NFC TECHNOLOGY: WEARABLE PAYMENT DEVICE MARKET, BY DEVICE TYPE, 2017–2020 (USD MILLION)
TABLE 58 NFC TECHNOLOGY: WEARABLE PAYMENT DEVICE MARKET, BY DEVICE TYPE, 2021–2026 (USD MILLION)
7.3 RFID (RADIO FREQUENCY IDENTIFICATION)
  7.3.1 CONTACTLESS TRANSACTIONS ENABLED BY RFID TECHNOLOGY ARE FASTER, CONVENIENT, AND MORE SECURE
TABLE 59 RFID TECHNOLOGY: WEARABLE PAYMENT DEVICE MARKET, BY DEVICE TYPE, 2017–2020 (USD MILLION)
TABLE 60 RFID TECHNOLOGY: WEARABLE PAYMENT DEVICE MARKET, BY DEVICE TYPE, 2021–2026 (USD MILLION)
7.4 QR & BARCODES
  7.4.1 QR & BARCODE TECHNOLOGY HAS BEEN ADOPTED IN FITNESS TRACKERS
TO ENABLE PAYMENT FUNCTIONS
TABLE 61 QR & BARCODES TECHNOLOGY: WEARABLE PAYMENT DEVICE MARKET, BY DEVICE TYPE, 2017–2020 (USD THOUSAND)
TABLE 62 QR & BARCODES: WEARABLE PAYMENT DEVICE MARKET, BY DEVICE TYPE, 2021–2026 (USD THOUSAND)

8 WEARABLE PAYMENT DEVICE MARKET, BY SALES CHANNEL

8.1 INTRODUCTION
FIGURE 29 WEARABLE PAYMENT DEVICE MARKET, BY SALES CHANNEL
FIGURE 30 INDIRECT SALE CHANNEL TO HOLD LARGER SHARE OF WEARABLE PAYMENT DEVICE MARKET DURING FORECAST PERIOD
8.2 DIRECT SALES CHANNEL
  8.2.1 MAJOR PLAYERS IN MARKET OFFER THEIR WEARABLE PAYMENT DEVICES THROUGH THEIR ONLINE AND OFFLINE STORES
TABLE 65 WEARABLE PAYMENT DEVICE MARKET FOR DIRECT SALES CHANNEL, BY DEVICE TYPE, 2017–2020 (USD MILLION)
TABLE 66 WEARABLE PAYMENT DEVICE MARKET FOR DIRECT SALES CHANNEL, BY DEVICE TYPE, 2021–2026 (USD MILLION)
TABLE 67 WEARABLE PAYMENT DEVICE MARKET FOR DIRECT SALES CHANNEL, BY REGION, 2017–2020 (USD MILLION)
TABLE 68 WEARABLE PAYMENT DEVICE MARKET FOR DIRECT SALES CHANNEL, BY REGION, 2021–2026 (USD MILLION)
8.3 INDIRECT SALES CHANNEL
  8.3.1 INDIRECT SALES IS MOST PREFERRED BY WEARABLE DEVICE PROVIDERS, GLOBALLY
TABLE 69 WEARABLE PAYMENT DEVICE MARKET FOR INDIRECT SALES CHANNEL, BY DEVICE TYPE, 2017–2020 (USD MILLION)
TABLE 70 WEARABLE PAYMENT DEVICE MARKET FOR INDIRECT SALES CHANNEL, BY DEVICE TYPE, 2021–2026 (USD MILLION)
TABLE 71 WEARABLE PAYMENT DEVICE MARKET FOR INDIRECT SALES CHANNEL, BY REGION, 2017–2020 (USD MILLION)
TABLE 72 WEARABLE PAYMENT DEVICE MARKET FOR INDIRECT SALES CHANNEL, BY REGION, 2021–2026 (USD MILLION)

9 WEARABLE PAYMENT DEVICE MARKET, BY APPLICATION

9.1 INTRODUCTION
9.2 IMPACT OF COVID-19 ON APPLICATIONS OF WEARABLE PAYMENT DEVICE MARKET
FIGURE 31 WEARABLE PAYMENT DEVICE MARKET, BY APPLICATION
FIGURE 32 MARKET FOR RETAIL/GROCERY STORES EXPECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
9.3 RETAIL/GROCERY STORES
  9.3.1 COVID-19 PANDEMIC HAS INCREASED ADOPTION OF WEARABLE PAYMENT DEVICES IN GROCERY STORES
TABLE 75 WEARABLE PAYMENT DEVICE MARKET FOR RETAIL/GROCERY STORES, BY DEVICE TYPE, 2017–2020 (USD MILLION)
TABLE 76 WEARABLE PAYMENT DEVICE MARKET FOR RETAIL/GROCERY STORES, BY DEVICE TYPE, 2021–2026 (USD MILLION)
TABLE 77 WEARABLE PAYMENT DEVICE MARKET FOR RETAIL/GROCERY STORES, BY REGION, 2017–2020 (USD MILLION)
FIGURE 33 APAC EXPECTED TO LEAD WEARABLE PAYMENT DEVICE MARKET FOR RETAIL/GROCERY STORES FROM 2021 TO 2026
TABLE 78 WEARABLE PAYMENT DEVICE MARKET FOR RETAIL/GROCERY STORES, BY REGION, 2021–2026 (USD MILLION)
9.4 RESTAURANTS
  9.4.1 NFC-ENABLED WEARABLE DEVICES TO ENHANCE CUSTOMER EXPERIENCE IN RESTAURANTS
TABLE 79 WEARABLE PAYMENT DEVICE MARKET FOR RESTAURANTS, BY DEVICE TYPE, 2017–2020 (USD MILLION)
TABLE 80 WEARABLE PAYMENT DEVICE MARKET FOR RESTAURANTS, BY DEVICE TYPE, 2021–2026 (USD MILLION)
TABLE 81 WEARABLE PAYMENT DEVICE MARKET FOR RESTAURANTS, BY REGION, 2017–2020 (USD MILLION)
TABLE 82 WEARABLE PAYMENT DEVICE MARKET FOR RESTAURANTS, BY REGION, 2021–2026 (USD MILLION)
9.5 HOSPITALS/PHARMACIES
  9.5.1 SECURE, SIMPLE, AND EFFICIENT PAYMENT METHODS DRIVING GROWTH OF WEARABLE PAYMENT DEVICES
TABLE 83 WEARABLE PAYMENT DEVICE MARKET FOR HOSPITALS/PHARMACIES, BY DEVICE TYPE, 2017–2020 (USD MILLION)
FIGURE 34 WEARABLE PAYMENT DEVICE MARKET FOR SMART WATCHES TO HOLD LARGEST SHARE IN HOSPITALS/PHARMACIES FROM 2021 TO 2026
TABLE 84 WEARABLE PAYMENT DEVICE MARKET FOR HOSPITALS/PHARMACIES, BY DEVICE TYPE, 2021–2026 (USD MILLION)
TABLE 85 WEARABLE PAYMENT DEVICE MARKET FOR HOSPITALS/PHARMACIES, BY REGION, 2017–2020 (USD MILLION)
TABLE 86 WEARABLE PAYMENT DEVICE MARKET FOR HOSPITALS/PHARMACIES, BY REGION, 2021–2026 (USD MILLION)
9.6 ENTERTAINMENT CENTERS
  9.6.1 PAYMENT WRISTBANDS TO ENHANCE CUSTOMER EXPERIENCE POST-PANDEMIC
TABLE 87 WEARABLE PAYMENT DEVICE MARKET FOR ENTERTAINMENT CENTERS, BY DEVICE TYPE, 2017–2020 (USD MILLION)
TABLE 88 WEARABLE PAYMENT DEVICE MARKET FOR ENTERTAINMENT CENTERS, BY DEVICE TYPE, 2021–2026 (USD MILLION)
TABLE 89 WEARABLE PAYMENT DEVICE MARKET FOR ENTERTAINMENT CENTERS, BY REGION, 2017–2020(USD MILLION)
TABLE 90 WEARABLE PAYMENT DEVICE MARKET FOR ENTERTAINMENT CENTERS, BY REGION, 2021–2026 (USD MILLION)
9.7 OTHERS
TABLE 91 WEARABLE PAYMENT DEVICE MARKET FOR OTHER APPLICATIONS, BY DEVICE TYPE, 2017–2020 (USD THOUSAND)
TABLE 92 WEARABLE PAYMENT DEVICE MARKET FOR OTHER APPLICATIONS, BY DEVICE TYPE, 2021–2026 (USD THOUSAND)
TABLE 93 WEARABLE PAYMENT DEVICE MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
FIGURE 35 APAC EXPECTED TO LEAD WEARABLE PAYMENT DEVICES MARKET FOR OTHER APPLICATIONS FROM 2021 TO 2026
TABLE 94 WEARABLE PAYMENT DEVICE MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)

10 GEOGRAPHIC ANALYSIS

10.1 INTRODUCTION
FIGURE 36 WEARABLE PAYMENT DEVICE MARKET IN INDIA AND CHINA TO WITNESS SIGNIFICANT GROWTH FROM 2021 TO 2026
TABLE 95 WEARABLE PAYMENT DEVICE MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 96 WEARABLE PAYMENT DEVICE MARKET, BY REGION, 2021–2026 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 37 NORTH AMERICA: WEARABLE PAYMENT DEVICE MARKET SNAPSHOT
  10.2.1 US
    10.2.1.1 Surging adoption of contactless payments and wearable device technologies
  10.2.2 CANADA
    10.2.2.1 Increasing use of consumer electronics to drive wearable payment device market in Canada
  10.2.3 MEXICO
    10.2.3.1 Rising adoption of wearable payment devices in hospitals/pharmacies
TABLE 97 WEARABLE PAYMENT DEVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 98 WEARABLE PAYMENT DEVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 99 WEARABLE PAYMENT DEVICE MARKET IN NORTH AMERICA, BY DEVICE TYPE, 2017–2020 (USD MILLION)
TABLE 100 WEARABLE PAYMENT DEVICE MARKET IN NORTH AMERICA, BY DEVICE TYPE, 2021–2026 (USD MILLION)
TABLE 101 WEARABLE PAYMENT DEVICE MARKET IN NORTH AMERICA, BY SALES CHANNEL, 2017–2020 (USD MILLION)
TABLE 102 WEARABLE PAYMENT DEVICE MARKET IN NORTH AMERICA, BY SALES CHANNEL, 2021–2026 (USD MILLION)
TABLE 103 WEARABLE PAYMENT DEVICE MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 104 WEARABLE PAYMENT DEVICE MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
10.3 EUROPE
  10.3.1 UK
    10.3.1.1 Wearable payment devices are being adopted to enhance
customer satisfaction
  10.3.2 GERMANY
    10.3.2.1 Growing consumer adoption of wearable devices to define
market growth
  10.3.3 FRANCE
    10.3.3.1 Surging demand for wearable electronic products, especially from country’s healthcare and consumer sectors
  10.3.4 REST OF EUROPE
TABLE 105 WEARABLE PAYMENT DEVICE MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 106 WEARABLE PAYMENT DEVICE MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 107 WEARABLE PAYMENT DEVICE MARKET IN EUROPE, BY DEVICE TYPE, 2017–2020 (USD MILLION)
TABLE 108 WEARABLE PAYMENT DEVICE MARKET IN EUROPE, BY DEVICE TYPE, 2021–2026 (USD MILLION)
TABLE 109 WEARABLE PAYMENT DEVICE MARKET IN EUROPE, BY SALES CHANNEL, 2017–2020 (USD MILLION)
TABLE 110 WEARABLE PAYMENT DEVICE MARKET IN EUROPE, BY SALES CHANNEL, 2021–2026 (USD MILLION)
TABLE 111 WEARABLE PAYMENT DEVICE MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 112 WEARABLE PAYMENT DEVICE MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
10.4 ASIA PACIFIC
FIGURE 38 APAC: WEARABLE PAYMENT DEVICE MARKET SNAPSHOT
  10.4.1 CHINA
    10.4.1.1 China being innovation hub of consumer electronics driving growth of wearable payment device market
  10.4.2 JAPAN
    10.4.2.1 Technologically-advanced manufacturing industry to drive growth of wearable payment device market
  10.4.3 INDIA
    10.4.3.1 Market in India is primarily driven by increasing applications in consumer and healthcare sectors
  10.4.4 REST OF APAC
TABLE 113 WEARABLE PAYMENT DEVICE MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 114 WEARABLE PAYMENT DEVICE MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 115 WEARABLE PAYMENT DEVICE MARKET IN APAC, BY DEVICE TYPE, 2017–2020 (USD MILLION)
TABLE 116 WEARABLE PAYMENT DEVICE MARKET IN APAC, BY DEVICE TYPE, 2021–2026 (USD MILLION)
TABLE 117 WEARABLE PAYMENT DEVICE MARKET IN APAC, BY SALES CHANNEL, 2017–2020 (USD MILLION)
TABLE 118 WEARABLE PAYMENT DEVICE MARKET IN APAC, BY SALES CHANNEL, 2021–2026 (USD MILLION)
TABLE 119 WEARABLE PAYMENT DEVICE MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 120 WEARABLE PAYMENT DEVICE MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
10.5 ROW
  10.5.1 SOUTH AMERICA
    10.5.1.1 Electronic payment systems have substantially improved over past several years in South America
  10.5.2 MIDDLE EAST AND AFRICA
    10.5.2.1 Adoption of contactless payment in MEA to drive market growth
TABLE 121 WEARABLE PAYMENT DEVICE MARKET IN ROW, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 122 WEARABLE PAYMENT DEVICE MARKET IN ROW, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 123 WEARABLE PAYMENT DEVICE MARKET IN ROW, BY DEVICE TYPE, 2017–2020 (USD THOUSAND)
TABLE 124 WEARABLE PAYMENT DEVICE MARKET IN ROW, BY DEVICE TYPE, 2021–2026 (USD THOUSAND)
TABLE 125 WEARABLE PAYMENT DEVICE MARKET IN ROW, BY SALES CHANNEL, 2017–2020 (USD MILLION)
TABLE 126 WEARABLE PAYMENT DEVICE MARKET IN ROW, BY SALES CHANNEL, 2021–2026 (USD MILLION)
TABLE 127 WEARABLE PAYMENT DEVICE MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 128 WEARABLE PAYMENT DEVICE MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)

11 COMPETITIVE LANDSCAPE

11.1 INTRODUCTION
11.2 TOP 5 COMPANY REVENUE ANALYSIS
FIGURE 39 WEARABLE PAYMENT DEVICE MARKET: REVENUE ANALYSIS (2019)
11.3 MARKET SHARE ANALYSIS, 2020
TABLE 129 WEARABLE PAYMENT DEVICE MARKET: MARKET SHARE ANALYSIS (2020)
11.4 COMPETITIVE LEADERSHIP MAPPING
  11.4.1 STAR
  11.4.2 EMERGING LEADERS
  11.4.3 PERVASIVE
  11.4.4 PARTICIPANT
FIGURE 40 WEARABLE PAYMENT DEVICE MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
  11.4.5 WEARABLE PAYMENT DEVICE MARKET: PRODUCT FOOTPRINT
TABLE 130 COMPANY FOOTPRINT
TABLE 131 APPLICATION FOOTPRINT OF COMPANIES
TABLE 132 REGIONAL FOOTPRINT OF COMPANIES
11.5 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION QUADRANT, 2020
  11.5.1 PROGRESSIVE COMPANIES
  11.5.2 RESPONSIVE COMPANIES
  11.5.3 DYNAMIC COMPANIES
  11.5.4 STARTING BLOCKS
FIGURE 41 WEARABLE PAYMENT DEVICE MARKET (GLOBAL), SME EVALUATION QUADRANT, 2020
11.6 COMPETITIVE SITUATIONS AND TRENDS
  11.6.1 WEARABLE PAYMENT DEVICE MARKET: PRODUCT LAUNCHES, JANUARY 2018– FEBRUARY 2021
  11.6.2 WEARABLE PAYMENT DEVICE MARKET: DEALS, JANUARY 2018–
FEBRUARY 2021

12 COMPANY PROFILES

12.1 INTRODUCTION
12.2 IMPACT OF COVID-19 ON PLAYERS OF WEARABLE PAYMENT DEVICE MARKET
12.3 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
  12.3.1 APPLE INC.
FIGURE 42 APPLE INC.: COMPANY SNAPSHOT
  12.3.2 FITBIT, INC.
FIGURE 43 FITBIT, INC.: COMPANY SNAPSHOT
  12.3.3 XIAOMI CORPORATION
FIGURE 44 XIAOMI: COMPANY SNAPSHOT
  12.3.4 SAMSUNG ELECTRONIC CO., LTD.
FIGURE 45 SAMSUNG ELECTRONICS CO., LTD.: COMPANY SNAPSHOT
  12.3.5 GARMIN LTD.
FIGURE 46 GARMIN: COMPANY SNAPSHOT
  12.3.6 GOOGLE LLC
FIGURE 47 GOOGLE LLC: COMPANY SNAPSHOT
  12.3.7 TAPPY TECHNOLOGIES LTD.
  12.3.8 BARCLAYS PLC
FIGURE 48 BARCLAYS PLC: COMPANY SNAPSHOT
  12.3.9 VISA INC.
FIGURE 49 VISA INC.: COMPANY SNAPSHOT
  12.3.10 PAYPAL HOLDING INC.
FIGURE 50 PAYPAL HOLDING INC.: COMPANY SNAPSHOT
  12.3.11 MASTERCARD
FIGURE 51 MASTERCARD INC.: COMPANY SNAPSHOT
12.4 OTHER KEY PLAYERS
  12.4.1 MICROSOFT CORPORATION
  12.4.2 HUAWEI TECHNOLOGIES
  12.4.3 SONY CORPORATION
  12.4.4 THALES SA
  12.4.5 WESTPAC
  12.4.6 INTELLIGENT VENUE SOLUTIONS
  12.4.7 CAXIA BANK
  12.4.8 INTELLITIX
  12.4.9 NYMI
  12.4.10 MCLEAR LTD.
  12.4.11 JAKCOM TECHNOLOGY CO.
  12.4.12 TOKEN
  12.4.13 INFINEON TECHNOLOGIES AG
  12.4.14 PRINTPLAST
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

13 APPENDIX

13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS


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