Market Research Report
In-vehicle Payment Services Market Research Report by Mode of Payment, by Form Factor, by Vehicle Types, by Application, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19
|In-vehicle Payment Services Market Research Report by Mode of Payment, by Form Factor, by Vehicle Types, by Application, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19|
Published: October 5, 2021
Content info: 194 Pages
Delivery time: 1-2 business days
The Global In-vehicle Payment Services Market size was estimated at USD 3,097.05 million in 2020 and expected to reach USD 3,621.07 million in 2021, at a CAGR 17.25% to reach USD 8,050.32 million by 2026.
The report provides market sizing and forecast across five major currencies - USD, EUR GBP, JPY, and AUD. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2026 are considered the forecast period.
This research report categorizes the In-vehicle Payment Services to forecast the revenues and analyze the trends in each of the following sub-markets:
Based on Mode of Payment, the market was studied across App/e-wallet, Credit/Debit Card, NFC, and QR Code/RFID.
Based on Form Factor, the market was studied across Embedded System, Integrated System, and Tethered System.
Based on Vehicle Types, the market was studied across Automated Guided Vehicles, Heavy Commercial Vehicles (HCVs), Light Commercial Vehicles (LCVs), and Passenger cars.
Based on Application, the market was studied across Food/coffee, Gas/charging stations, Parking, Shopping, and Toll Collection.
Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. The Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
The FPNV Positioning Matrix evaluates and categorizes the vendors in the In-vehicle Payment Services Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor's strength and weakness thereby, providing insights to enhance product and service.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global In-vehicle Payment Services Market, including Alphabet Inc., BMW AG, Daimler AG, Fiat-Chrysler Automobiles N.V., Ford Motor Company, General Motors Company, Honda Motor Co. Ltd., Hyundai Motor Co., Jaguar Land Rover Automotive PLC, Mastercard Inc., UBS Group AG, Visa, Inc., Volkswagen AG, Volvo Corporation, and ZF Friedrichshafen AG.
The report provides insights on the following pointers:
The report answers questions such as: