Market Research Report
In-Vehicle Payment Services Global Market Report 2022
|In-Vehicle Payment Services Global Market Report 2022|
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
“In-Vehicle Payment Services Global Market Report 2022 ” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global in-vehicle payment services market.
This report focuses on in-vehicle payment services market which is experiencing strong growth. The report gives a guide to the in-vehicle payment services market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the in-vehicle payment services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The In-Vehicle Payment Services market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider in-vehicle payment services market, and compares it with other markets.
Markets Covered: 1) By Mode of Payment: QR Code or RFID; App-Based or e-Wallet; Credit or Debit Card-Based; Other Modes
2) By Form Factor: Embedded System; Tethered System; Integrated System
3) By Vehicle Type: Passenger Cars; Light Commercial Vehicles (LCVs); Heavy Commercial Vehicles (HCVs); Automated Guided Vehicles
4) By Application: Shopping; Gas or Charging Stations; Food and Beverages; Toll Collection; Parking; Other Applications
Companies Mentioned: MasterCard; The Mercedes-Benz Group; Jaguar Land Rover Automotive PLC; Honda Global; Hyundai Motor Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major players in the in-vehicle payment services market are: MasterCard, The Mercedes-Benz Group, Jaguar Land Rover Automotive PLC, Honda Global, Hyundai Motor Company, ZF Friedrichshafen AG, Amazon, Google, International Business Machines Corporation, Telenav Inc, Xevo Inc, CarPay Diem Cerence Inc, and Gentex Corporation.
The global in-vehicle payment services market is expected to grow from $3.08 billion in 2021 to $3.47 billion in 2022 at a compound annual growth rate (CAGR) of 12.5%. The in-vehicle payment services market is expected to grow to $5.04 billion in 2026 at a CAGR of 9.8%.
The in-vehicle payment services market consists of sales of in-vehicle payment services by entities (organizations, partnerships, and sole proprietors) that enable payments from the vehicles. In-vehicle payment services allow car owners to make purchases directly from their dashboards, eliminating the need for a smartphone or other device, as the vehicle handles the transactions.
The main modes of payment in in-vehicle payment services are QR code or RFID, app-based or e-wallet, credit or debit card-based, and others. QR codes or RFID tags are used for paying through scanning the QR codes or RFID tags. Radio waves are used by RFID tags to communicate the data they contain and make payments. The different forms include embedded systems, tethered systems, and integrated systems and involve various vehicle types such as passenger cars, light commercial vehicles (LCVS), heavy commercial vehicles (HCVS), and automated guided vehicles. The several applications include shopping, gas or charging stations, food and beverages, toll collection, parking, and other applications.
North America was the largest region in the in-vehicle payment service market in 2021. The regions covered in the in-vehicle payment service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The in-vehicle payment services market research report is one of a series of new reports from The Business Research Company that provides in-vehicle payment services market statistics, including in-vehicle payment services industry global market size, regional shares, competitors with an in-vehicle payment services market share, detailed in-vehicle payment services market segments, market trends and opportunities, and any further data you may need to thrive in the in-vehicle payment services industry. This in-vehicle payment services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The growing preference for contactless payments is significantly driving the growth of the in-vehicle payment services market. Due to the COVID pandemic, there was a huge shift towards contactless payments, which was further supported by the advanced and flawless support from the payment systems. For instance, according to UK Finance, in November 2021, the total value of contactless transactions reached £