Press release
Contactless Wearable Payment Device Market Research Report 2023
Contactless Wearable Payment Device MarketWearable devices are the smart electronic devices that are worn in close contact with the skin. Smart watches, wrist bands and smart rings are some examples of the most popular wearable devices in the recent times. They can detect, analyze and transmit information about the vital signs of the body. They are devices which use the application of internet of things (IoT) as the data is actively exchanged with the operator, manufacturer and other connected devices. These devices are also used for contactless payment.
The global Contactless Wearable Payment Device market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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North American market for Contactless Wearable Payment Device is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Contactless Wearable Payment Device is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Contactless Wearable Payment Device include Apple, Samsung Electronics, Fitbit Inc, Garmin AB, Xiaomi Corporation, American Express, Barclays, LG Electronics and Fossil Group, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Contactless Wearable Payment Device, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Contactless Wearable Payment Device.
The Contactless Wearable Payment Device market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Contactless Wearable Payment Device market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Contactless Wearable Payment Device manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Key Segmentations
By Company
• Apple
• Samsung Electronics
• Fitbit Inc
• Garmin AB
• Xiaomi Corporation
• American Express
• Barclays
• LG Electronics
• Fossil Group
• GOQii
• STMicroelectronics
• INSIDE Secure
• Infineon Technologies
• Gemalto N.V.
• Giesecke & Devrient GmbH
• Oberthur Technologies
• Diebold Inc
• HID Global
• MCR Systems
• Heartland Payment Systems, Inc
• Ingenico Group
Segment by Type
• Smart Watches
• Fitness Trackers
• Payment Wristbands
• Smart Rings
Segment by Application
• Online Store
• Supermarket
• Electronics Retail Store
• Other
Production by Region
• North America
• Europe
• China
• Japan
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