Product Code: MCP14865
Global Smart-Connected Wallets Market to Reach US$609.4 Million by 2030
The global market for Smart-Connected Wallets estimated at US$382.5 Million in the year 2023, is expected to reach US$609.4 Million by 2030, growing at a CAGR of 6.9% over the analysis period 2023-2030. Wi-Fi-Connected Wallets, one of the segments analyzed in the report, is expected to record a 7.1% CAGR and reach US$459.4 Million by the end of the analysis period. Growth in the Bluetooth-Connected Wallets segment is estimated at 6.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$103.5 Million While China is Forecast to Grow at 6.3% CAGR
The Smart-Connected Wallets market in the U.S. is estimated at US$103.5 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$94.1 Million by the year 2030 trailing a CAGR of 6.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.1% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
Global Smart-Connected Wallets Market - Key Trends and Drivers Summarized
Smart-Connected Wallets: How Are They Redefining Personal Security and Convenience?
Smart-connected wallets are innovative accessories designed to enhance personal security and convenience by integrating digital technologies such as Bluetooth, GPS tracking, RFID-blocking, and smartphone connectivity. These wallets offer features like anti-theft alarms, location tracking, remote locking, and contactless payment capabilities, making them an essential accessory for tech-savvy consumers. The market for smart-connected wallets is expanding rapidly as the demand for smart accessories that provide both style and functionality grows. Market segments include Bluetooth-enabled wallets, RFID-blocking wallets, GPS-tracking wallets, and wallets with integrated power banks or cardholder slots, catering to different consumer needs and preferences for security, convenience, and design.
What Role Do Connectivity Features Play in Enhancing Smart Wallet Functionality?
Connectivity features are central to the functionality of smart-connected wallets, providing users with enhanced security, convenience, and peace of mind. Bluetooth connectivity allows wallets to pair with smartphones, enabling features such as proximity alerts, anti-theft alarms, and location tracking, which help prevent loss or theft. GPS-enabled smart wallets provide real-time tracking capabilities, allowing users to locate their wallets from anywhere, reducing the risk of losing valuable belongings. RFID-blocking technology is being integrated into smart wallets to protect users from electronic pickpocketing and unauthorized scanning of contactless payment cards. Additionally, the integration of wireless charging capabilities and built-in power banks in smart wallets is providing added convenience for users who want to charge their phones or other devices on the go.
What Market Trends Are Driving the Demand for Smart-Connected Wallets?
Several market trends are driving the demand for smart-connected wallets, reflecting the growing consumer interest in smart accessories that combine style, security, and functionality. The increasing awareness of digital theft and identity fraud is driving the demand for smart wallets equipped with RFID-blocking technology and anti-theft features. The rise in contactless payment adoption is expanding the market for wallets that support NFC (Near Field Communication) and mobile payment integration, allowing users to make secure transactions without carrying physical cards. The trend of digital minimalism and multi-functionality is prompting consumers to invest in smart wallets that offer multiple features, such as cardholder slots, power banks, and GPS tracking, in a compact design. Additionally, the growing popularity of premium and designer smart wallets that offer both aesthetics and advanced technology is shaping the market dynamics.
What Drives the Growth in the Smart-Connected Wallets Market?
The growth in the smart-connected wallets market is driven by several factors, including advancements in smart accessory technologies, the rising concern for digital security and privacy, and the increasing adoption of contactless payment solutions. The integration of Bluetooth, GPS, and RFID-blocking technologies in smart wallets is enhancing security features and user convenience, driving market adoption. The growing demand for multi-functional and stylish smart accessories that offer a combination of security, convenience, and technology is also supporting market growth. Additionally, the trend of cashless transactions and the rise of mobile payment platforms are creating new opportunities for smart wallets that provide seamless payment options. The increasing focus on product innovation and the development of premium smart wallets by fashion and tech brands are further contributing to the growth of the smart-connected wallets market.
Select Competitors (Total 43 Featured) -
- Aid Technology Ltd
- Arista Vault
- Baggizmo
- Blockchain App Factory
- Garry17
- MYKEY Lab
- Neutvault
- NXT-ID Inc.
- Ogon Designs
- Revol
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Smart-Connected Wallets - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Increasing Focus on Digital Payment Solutions and Cashless Transactions Drives Market Growth
- Advancements in Contactless Payment Technologies Generate New Market Opportunities
- Growing Integration of Smart Wallets with Loyalty and Rewards Programs Enhances Market Demand
- Expansion of Smart Wallet Applications in Transportation and Public Services Boosts Market Growth
- Rising Security Concerns and Need for Fraud Prevention Spur Adoption of Smart Wallets
- Increasing Demand for Multi-Currency and International Payment Solutions Expands Market Reach
- Growth in Digital Banking and Fintech Solutions Strengthens Business Case for Smart Wallets
- Advances in Biometric Authentication and Security Features Propel Market Adoption
- Emergence of Blockchain and Cryptocurrencies in Smart Wallet Applications Drives Market Innovation
- Expansion of Smart Cities and Digital Infrastructure Supports Market Growth
- Growing Popularity of Mobile Payment Platforms and Digital Wallets Drives Market Demand
- Integration with Smart Wearables and IoT Devices Generates New Market Opportunities
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Smart-Connected Wallets Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Smart-Connected Wallets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 3: World 7-Year Perspective for Smart-Connected Wallets by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
- TABLE 4: World Recent Past, Current & Future Analysis for Wi-Fi by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 5: World 7-Year Perspective for Wi-Fi by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 6: World Recent Past, Current & Future Analysis for Bluetooth by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 7: World 7-Year Perspective for Bluetooth by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 8: World Recent Past, Current & Future Analysis for Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 9: World 7-Year Perspective for Retail by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 10: World Recent Past, Current & Future Analysis for Financial Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 11: World 7-Year Perspective for Financial Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 12: World Recent Past, Current & Future Analysis for Hospitality by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 13: World 7-Year Perspective for Hospitality by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 14: World Recent Past, Current & Future Analysis for Travel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 15: World 7-Year Perspective for Travel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 16: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 17: World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
III. MARKET ANALYSIS
- UNITED STATES
- Smart-Connected Wallets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 18: USA Recent Past, Current & Future Analysis for Smart-Connected Wallets by Type - Wi-Fi and Bluetooth - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 19: USA 7-Year Perspective for Smart-Connected Wallets by Type - Percentage Breakdown of Value Sales for Wi-Fi and Bluetooth for the Years 2024 & 2030
- TABLE 20: USA Recent Past, Current & Future Analysis for Smart-Connected Wallets by Application - Retail, Financial Services, Hospitality, Travel and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 21: USA 7-Year Perspective for Smart-Connected Wallets by Application - Percentage Breakdown of Value Sales for Retail, Financial Services, Hospitality, Travel and Other Applications for the Years 2024 & 2030
- CANADA
- TABLE 22: Canada Recent Past, Current & Future Analysis for Smart-Connected Wallets by Type - Wi-Fi and Bluetooth - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 23: Canada 7-Year Perspective for Smart-Connected Wallets by Type - Percentage Breakdown of Value Sales for Wi-Fi and Bluetooth for the Years 2024 & 2030
- TABLE 24: Canada Recent Past, Current & Future Analysis for Smart-Connected Wallets by Application - Retail, Financial Services, Hospitality, Travel and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 25: Canada 7-Year Perspective for Smart-Connected Wallets by Application - Percentage Breakdown of Value Sales for Retail, Financial Services, Hospitality, Travel and Other Applications for the Years 2024 & 2030
- JAPAN
- Smart-Connected Wallets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 26: Japan Recent Past, Current & Future Analysis for Smart-Connected Wallets by Type - Wi-Fi and Bluetooth - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 27: Japan 7-Year Perspective for Smart-Connected Wallets by Type - Percentage Breakdown of Value Sales for Wi-Fi and Bluetooth for the Years 2024 & 2030
- TABLE 28: Japan Recent Past, Current & Future Analysis for Smart-Connected Wallets by Application - Retail, Financial Services, Hospitality, Travel and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 29: Japan 7-Year Perspective for Smart-Connected Wallets by Application - Percentage Breakdown of Value Sales for Retail, Financial Services, Hospitality, Travel and Other Applications for the Years 2024 & 2030
- CHINA
- Smart-Connected Wallets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 30: China Recent Past, Current & Future Analysis for Smart-Connected Wallets by Type - Wi-Fi and Bluetooth - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 31: China 7-Year Perspective for Smart-Connected Wallets by Type - Percentage Breakdown of Value Sales for Wi-Fi and Bluetooth for the Years 2024 & 2030
- TABLE 32: China Recent Past, Current & Future Analysis for Smart-Connected Wallets by Application - Retail, Financial Services, Hospitality, Travel and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 33: China 7-Year Perspective for Smart-Connected Wallets by Application - Percentage Breakdown of Value Sales for Retail, Financial Services, Hospitality, Travel and Other Applications for the Years 2024 & 2030
- EUROPE
- Smart-Connected Wallets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 34: Europe Recent Past, Current & Future Analysis for Smart-Connected Wallets by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 35: Europe 7-Year Perspective for Smart-Connected Wallets by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
- TABLE 36: Europe Recent Past, Current & Future Analysis for Smart-Connected Wallets by Type - Wi-Fi and Bluetooth - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 37: Europe 7-Year Perspective for Smart-Connected Wallets by Type - Percentage Breakdown of Value Sales for Wi-Fi and Bluetooth for the Years 2024 & 2030
- TABLE 38: Europe Recent Past, Current & Future Analysis for Smart-Connected Wallets by Application - Retail, Financial Services, Hospitality, Travel and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 39: Europe 7-Year Perspective for Smart-Connected Wallets by Application - Percentage Breakdown of Value Sales for Retail, Financial Services, Hospitality, Travel and Other Applications for the Years 2024 & 2030
- FRANCE
- Smart-Connected Wallets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 40: France Recent Past, Current & Future Analysis for Smart-Connected Wallets by Type - Wi-Fi and Bluetooth - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 41: France 7-Year Perspective for Smart-Connected Wallets by Type - Percentage Breakdown of Value Sales for Wi-Fi and Bluetooth for the Years 2024 & 2030
- TABLE 42: France Recent Past, Current & Future Analysis for Smart-Connected Wallets by Application - Retail, Financial Services, Hospitality, Travel and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 43: France 7-Year Perspective for Smart-Connected Wallets by Application - Percentage Breakdown of Value Sales for Retail, Financial Services, Hospitality, Travel and Other Applications for the Years 2024 & 2030
- GERMANY
- Smart-Connected Wallets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 44: Germany Recent Past, Current & Future Analysis for Smart-Connected Wallets by Type - Wi-Fi and Bluetooth - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 45: Germany 7-Year Perspective for Smart-Connected Wallets by Type - Percentage Breakdown of Value Sales for Wi-Fi and Bluetooth for the Years 2024 & 2030
- TABLE 46: Germany Recent Past, Current & Future Analysis for Smart-Connected Wallets by Application - Retail, Financial Services, Hospitality, Travel and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 47: Germany 7-Year Perspective for Smart-Connected Wallets by Application - Percentage Breakdown of Value Sales for Retail, Financial Services, Hospitality, Travel and Other Applications for the Years 2024 & 2030
- ITALY
- TABLE 48: Italy Recent Past, Current & Future Analysis for Smart-Connected Wallets by Type - Wi-Fi and Bluetooth - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 49: Italy 7-Year Perspective for Smart-Connected Wallets by Type - Percentage Breakdown of Value Sales for Wi-Fi and Bluetooth for the Years 2024 & 2030
- TABLE 50: Italy Recent Past, Current & Future Analysis for Smart-Connected Wallets by Application - Retail, Financial Services, Hospitality, Travel and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 51: Italy 7-Year Perspective for Smart-Connected Wallets by Application - Percentage Breakdown of Value Sales for Retail, Financial Services, Hospitality, Travel and Other Applications for the Years 2024 & 2030
- UNITED KINGDOM
- Smart-Connected Wallets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 52: UK Recent Past, Current & Future Analysis for Smart-Connected Wallets by Type - Wi-Fi and Bluetooth - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 53: UK 7-Year Perspective for Smart-Connected Wallets by Type - Percentage Breakdown of Value Sales for Wi-Fi and Bluetooth for the Years 2024 & 2030
- TABLE 54: UK Recent Past, Current & Future Analysis for Smart-Connected Wallets by Application - Retail, Financial Services, Hospitality, Travel and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 55: UK 7-Year Perspective for Smart-Connected Wallets by Application - Percentage Breakdown of Value Sales for Retail, Financial Services, Hospitality, Travel and Other Applications for the Years 2024 & 2030
- REST OF EUROPE
- TABLE 56: Rest of Europe Recent Past, Current & Future Analysis for Smart-Connected Wallets by Type - Wi-Fi and Bluetooth - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 57: Rest of Europe 7-Year Perspective for Smart-Connected Wallets by Type - Percentage Breakdown of Value Sales for Wi-Fi and Bluetooth for the Years 2024 & 2030
- TABLE 58: Rest of Europe Recent Past, Current & Future Analysis for Smart-Connected Wallets by Application - Retail, Financial Services, Hospitality, Travel and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 59: Rest of Europe 7-Year Perspective for Smart-Connected Wallets by Application - Percentage Breakdown of Value Sales for Retail, Financial Services, Hospitality, Travel and Other Applications for the Years 2024 & 2030
- ASIA-PACIFIC
- Smart-Connected Wallets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 60: Asia-Pacific Recent Past, Current & Future Analysis for Smart-Connected Wallets by Type - Wi-Fi and Bluetooth - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 61: Asia-Pacific 7-Year Perspective for Smart-Connected Wallets by Type - Percentage Breakdown of Value Sales for Wi-Fi and Bluetooth for the Years 2024 & 2030
- TABLE 62: Asia-Pacific Recent Past, Current & Future Analysis for Smart-Connected Wallets by Application - Retail, Financial Services, Hospitality, Travel and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 63: Asia-Pacific 7-Year Perspective for Smart-Connected Wallets by Application - Percentage Breakdown of Value Sales for Retail, Financial Services, Hospitality, Travel and Other Applications for the Years 2024 & 2030
- REST OF WORLD
- TABLE 64: Rest of World Recent Past, Current & Future Analysis for Smart-Connected Wallets by Type - Wi-Fi and Bluetooth - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 65: Rest of World 7-Year Perspective for Smart-Connected Wallets by Type - Percentage Breakdown of Value Sales for Wi-Fi and Bluetooth for the Years 2024 & 2030
- TABLE 66: Rest of World Recent Past, Current & Future Analysis for Smart-Connected Wallets by Application - Retail, Financial Services, Hospitality, Travel and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 67: Rest of World 7-Year Perspective for Smart-Connected Wallets by Application - Percentage Breakdown of Value Sales for Retail, Financial Services, Hospitality, Travel and Other Applications for the Years 2024 & 2030
IV. COMPETITION