The Asia Pacific Wearable Payment Device Market would witness market growth of 27.9% CAGR during the forecast period (2020-2026). Payment systems came a long way where they adapted to the changing requirements of the customers. Changes like more convenience and reduced time during payments were introduced in the payment systems. The increasing popularity of contactless payment technology, along with the rising adoption of wearable devices, like smartwatches for contactless payments, is estimated to boost the growth of the market during the forecast period.
There has been an increasing adoption of wearable payment witnessed over time. Owing to the increasing acceptance of contactless payment cards & smartphones, wearable devices, and ease of transactions in comparison to traditional banks. Additionally, many retailers in the developed countries have adopted contactless payments to deliver an improved customer experience and to raise the adoption of contactless payments in the developing countries of Asia-Pacific such as India and China.
The introduction of digitization in banks is estimated to achieve traction during the forecast period as banks are now aiming on integrating card management systems with the token service providers. The rising adoption of contactless payment systems in the banking industry is further estimated to drive the growth of the market. Moreover, many key players are aiming to create safe and secure wearable devices for use by consumers, thus creating significant growth opportunities for the market.
Based on Type, the market is segmented into Fitness Tracker, Payment Wristbands and Smart Watches. Based on Technology, the market is segmented into Barcodes, Near Field Communication (NFC), Quick Response (QR) Codes, Contactless Point of Sale (POS) Terminals and Others. Based on Application, the market is segmented into Retail, Transportation, Festival & Life Events, Fitness, Healthcare and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Wearable Payments Devices Market in Asia Pacific is expected to register a CAGR of 27.9% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Thales Group S.A. (Gemalto NV), Google, Inc., Mastercard, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Xiaomi Corporation, PayPal Holdings, Inc. (eBay), Visa, Inc., Nymi, Inc., and Barclays PLC.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Fitness Tracker
- Payment Wristbands
- Smart Watches
By Technology
- Barcodes
- Near Field Communication (NFC)
- Quick Response (QR) Codes
- Contactless Point of Sale (POS) Terminals
- Others
By Application
- Retail
- Transportation
- Festival & Life Events
- Fitness
- Healthcare
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Companies Profiled
- Apple, Inc.
- Thales Group S.A. (Gemalto NV)
- Google, Inc.
- Mastercard, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Xiaomi Corporation
- PayPal Holdings, Inc. (eBay)
- Visa, Inc.
- Nymi, Inc.
- Barclays PLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Wearable Payments Devices Market, by Type
1.4.2 Asia Pacific Wearable Payments Devices Market, by Technology
1.4.3 Asia Pacific Wearable Payments Devices Market, by Application
1.4.4 Asia Pacific Wearable Payments Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Aug – 2020, Dec) Leading Players
Chapter 4. Asia Pacific Wearable Payments Devices Market by Type
4.1 Asia Pacific Fitness Tracker Wearable Payments Devices Market by Country
4.2 Asia Pacific Payment Wristbands Wearable Payments Devices Market by Country
4.3 Asia Pacific Smart Watches Wearable Payments Devices Market by Country
Chapter 5. Asia Pacific Wearable Payments Devices Market by Technology
5.1 Asia Pacific Barcodes Wearable Payments Devices Market by Country
5.2 Asia Pacific Near Field Communication (NFC) Wearable Payments Devices Market by Country
5.3 Asia Pacific Quick Response (QR) Codes Wearable Payments Devices Market by Country
5.4 Asia Pacific Contactless Point of Sale (POS) Terminals Wearable Payments Devices Market by Country
5.5 Asia Pacific Others Wearable Payments Devices Market by Country
Chapter 6. Asia Pacific Wearable Payments Devices Market by Application
6.1 Asia Pacific Retail Wearable Payments Devices Market by Country
6.2 Asia Pacific Transportation Wearable Payments Devices Market by Country
6.3 Asia Pacific Festival & Life Events Wearable Payments Devices Market by Country
6.4 Asia Pacific Fitness Wearable Payments Devices Market by Country
6.5 Asia Pacific Healthcare Wearable Payments Devices Market by Country
6.6 Asia Pacific Others Wearable Payments Devices Market by Country
Chapter 7. Asia Pacific Wearable Payments Devices Market by Country
7.1 China Wearable Payments Devices Market
7.1.1 China Wearable Payments Devices Market by Type
7.1.2 China Wearable Payments Devices Market by Technology
7.1.3 China Wearable Payments Devices Market by Application
7.2 Japan Wearable Payments Devices Market
7.2.1 Japan Wearable Payments Devices Market by Type
7.2.2 Japan Wearable Payments Devices Market by Technology
7.2.3 Japan Wearable Payments Devices Market by Application
7.3 India Wearable Payments Devices Market
7.3.1 India Wearable Payments Devices Market by Type
7.3.2 India Wearable Payments Devices Market by Technology
7.3.3 India Wearable Payments Devices Market by Application
7.4 South Korea Wearable Payments Devices Market
7.4.1 South Korea Wearable Payments Devices Market by Type
7.4.2 South Korea Wearable Payments Devices Market by Technology
7.4.3 South Korea Wearable Payments Devices Market by Application
7.5 Singapore Wearable Payments Devices Market
7.5.1 Singapore Wearable Payments Devices Market by Type
7.5.2 Singapore Wearable Payments Devices Market by Technology
7.5.3 Singapore Wearable Payments Devices Market by Application
7.6 Malaysia Wearable Payments Devices Market
7.6.1 Malaysia Wearable Payments Devices Market by Type
7.6.2 Malaysia Wearable Payments Devices Market by Technology
7.6.3 Malaysia Wearable Payments Devices Market by Application
7.7 Rest of Asia Pacific Wearable Payments Devices Market
7.7.1 Rest of Asia Pacific Wearable Payments Devices Market by Type
7.7.2 Rest of Asia Pacific Wearable Payments Devices Market by Technology
7.7.3 Rest of Asia Pacific Wearable Payments Devices Market by Application
Chapter 8. Company Profiles
8.1 Apple, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Product and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Thales Group S.A. (Gemalto NV)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.1 Research and Development Expense
8.3 Google, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Mastercard, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Partnerships, Collaborations, and Agreements:
8.5 Samsung Electronics Co., Ltd. (Samsung Group)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.5.2 Geographical Expansions:
8.5.6 SWOT Analysis
8.6 Xiaomi Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 PayPal Holdings, Inc. (eBay)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.8 Visa, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Recent strategies and developments:
8.8.3.1 Product Launches and Product Expansions:
8.9 Nymi, Inc.
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.10. Barclays PLC
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Recent strategies and developments:
8.10.4.1 Partnerships, Collaborations, and Agreements:
8.10.4.2 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 2 Asia Pacific Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Wearable Payments Devices Market
TABLE 4 Product Launches And Product Expansions– Wearable Payments Devices Market
TABLE 5 Geographical Expansions– Wearable Payments Devices Market
TABLE 6 Acquisition and Mergers– Wearable Payments Devices Market
TABLE 7 Asia Pacific Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 8 Asia Pacific Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 9 Asia Pacific Fitness Tracker Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 10 Asia Pacific Fitness Tracker Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 11 Asia Pacific Payment Wristbands Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 12 Asia Pacific Payment Wristbands Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 13 Asia Pacific Smart Watches Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 14 Asia Pacific Smart Watches Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 15 Asia Pacific Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 16 Asia Pacific Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 17 Asia Pacific Barcodes Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 18 Asia Pacific Barcodes Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 19 Asia Pacific Near Field Communication (NFC) Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 20 Asia Pacific Near Field Communication (NFC) Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 21 Asia Pacific Quick Response (QR) Codes Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 22 Asia Pacific Quick Response (QR) Codes Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 23 Asia Pacific Contactless Point of Sale (POS) Terminals Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 24 Asia Pacific Contactless Point of Sale (POS) Terminals Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 25 Asia Pacific Others Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 26 Asia Pacific Others Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 27 Asia Pacific Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 28 Asia Pacific Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 29 Asia Pacific Retail Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 30 Asia Pacific Retail Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 31 Asia Pacific Transportation Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 32 Asia Pacific Transportation Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 33 Asia Pacific Festival & Life Events Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 34 Asia Pacific Festival & Life Events Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 35 Asia Pacific Fitness Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 36 Asia Pacific Fitness Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 37 Asia Pacific Healthcare Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 38 Asia Pacific Healthcare Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 39 Asia Pacific Others Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 40 Asia Pacific Others Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 41 Asia Pacific Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 42 Asia Pacific Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 43 China Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 44 China Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 45 China Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 46 China Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 47 China Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 48 China Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 49 China Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 50 China Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 51 Japan Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 52 Japan Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 53 Japan Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 54 Japan Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 55 Japan Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 56 Japan Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 57 Japan Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 58 Japan Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 59 India Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 60 India Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 61 India Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 62 India Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 63 India Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 64 India Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 65 India Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 66 India Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 67 South Korea Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 68 South Korea Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 69 South Korea Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 70 South Korea Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 71 South Korea Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 72 South Korea Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 73 South Korea Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 74 South Korea Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 75 Singapore Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 76 Singapore Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 77 Singapore Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 78 Singapore Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 79 Singapore Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 80 Singapore Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 81 Singapore Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 82 Singapore Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 83 Malaysia Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 84 Malaysia Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 85 Malaysia Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 86 Malaysia Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 87 Malaysia Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 88 Malaysia Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 89 Malaysia Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 90 Malaysia Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 91 Rest of Asia Pacific Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 92 Rest of Asia Pacific Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 93 Rest of Asia Pacific Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 94 Rest of Asia Pacific Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 95 Rest of Asia Pacific Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 96 Rest of Asia Pacific Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 97 Rest of Asia Pacific Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 98 Rest of Asia Pacific Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 99 Key Information – Apple, Inc.
TABLE 100 key information – Thales Group S.A.
TABLE 101 Key Information – Google, Inc.
TABLE 102 key Information – Mastercard, Inc.
TABLE 103 Key Information –Samsung Electronics Co., Ltd.
TABLE 104 Key Information – Xiaomi Corporation
TABLE 105 Key Information – PayPal Holdings, Inc.
TABLE 106 Key Information – Visa, Inc.
TABLE 107 key information – Nymi, Inc.
TABLE 108 Key Information – Barclays PLC
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Aug – 2020, Dec) Leading Players
FIG 5 SWOT Analysis: apple, Inc.
FIG 6 Recent strategies and developments: Google, Inc.
FIG 7 SWOT Analysis: Alphabet Inc. (Google Inc.)
FIG 8 Recent strategies and developments: Samsung Electronics Co., Ltd.
FIG 9 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 10 Recent strategies and developments: Xiaomi Corporation
FIG 11 SWOT Analysis: Xiaomi Corporation
FIG 12 Recent strategies and developments: Barclays PLC