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In Vehicle Payment Service Trends and Forecast
The future of the global in-vehicle payment service market looks promising with opportunities in the parking, gas/charging station, shopping, food/coffee, and toll collection markets. The global in-vehicle payment service market is expected to reach an estimated $8.1 billion by 2030 with a CAGR of 14.5% from 2024 to 2030. The major drivers for this market are advancement in the internet of things (IoT) technology, rising preferences for contactless payment methods, and growing usage of driver assistance systems.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
In Vehicle Payment Service by Segment
The study includes a forecast for the global in-vehicle payment service market by mode of payment, application, and region.
In-Vehicle Payment Service Market by Mode of Payment [Shipment Analysis by Value from 2018 to 2030]:
• NFC
• QR code/RFID
• App/E-Wallet
• Credit/Debit Card
In-Vehicle Payment Service Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Parking
• Gas/Charging Stations
• Shopping
• Food/Coffee
• Toll Collection
• Others
In-Vehicle Payment Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of In Vehicle Payment Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies in-vehicle payment service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the in-vehicle payment service companies profiled in this report include-
• BMW
• Daimler
• Ford Motor
• General Motors
• Honda Motor
• Hyundai Motor
• Jaguar Land Rover
• Volkswagen
• Google
• Paypal
In-Vehicle Payment Service Market Insights
Lucintel forecasts that credit/debit card will remain the largest segment over the forecast period due to rising preferences for card and cardless transactions, as well as, post cash transactions among individuals belonging to various age groups.
North America will remain the largest region over the forecast period due to high adoption of connected vehicles in this region.
Features of the Global In-Vehicle Payment Service Market
Market Size Estimates: In-vehicle payment service market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: In-vehicle payment service market size by mode of payment, application, and region in terms of value ($B).
Regional Analysis: In-vehicle payment service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different mode of payment, application, and regions for the In-Vehicle Payment Service Market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the In-Vehicle Payment Service Market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the in-vehicle payment service market size?
Answer: The global in-vehicle payment service market is expected to reach an estimated $8.1 billion by 2030.
Q.2 What is the growth forecast for in-vehicle payment service market?
Answer: The global in-vehicle payment service market is expected to grow with a CAGR of 14.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the in-vehicle payment service market?
Answer: The major drivers for this market are advancement in the internet of things (IoT) technology, rising preferences for contactless payment methods, and growing usage of driver assistance systems.
Q4. What are the major segments for in-vehicle payment service market?
Answer: The future of the global in-vehicle payment service market looks promising with opportunities in the parking, gas/charging station, shopping, food/coffee, and toll collection markets.
Q5. Who are the key in-vehicle payment service market companies?
Answer: Some of the key in-vehicle payment service companies are as follows:
• BMW
• Daimler
• Ford Motor
• General Motors
• Honda Motor
• Hyundai Motor
• Jaguar Land Rover
• Volkswagen
• Google
• Paypal
Q6. Which in-vehicle payment service market segment will be the largest in future?
Answer: Lucintel forecasts that credit/debit card will remain the largest segment over the forecast period due to rising preferences for card and cardless transactions, as well as, post cash transactions among individuals belonging to various age groups.
Q7. In in-vehicle payment service market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to high adoption of connected vehicles in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the in-vehicle payment service market by mode of payment (NFC, QR code/RFID, app/e-wallet, and credit/debit card), application (parking, gas/charging stations, shopping, food/coffee, toll collection, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to In-Vehicle Payment Service Market, In-Vehicle Payment Service Market Size, In-Vehicle Payment Service Market Growth, In-Vehicle Payment Service Market Analysis, In-Vehicle Payment Service Market Report, In-Vehicle Payment Service Market Share, In-Vehicle Payment Service Market Trends, In-Vehicle Payment Service Market Forecast, In-Vehicle Payment Service Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global In-Vehicle Payment Service Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global In-Vehicle Payment Service Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global In-Vehicle Payment Service Market by Mode of Payment
3.3.1: NFC
3.3.2: QR Code/RFID
3.3.3: App/e-Wallet
3.3.4: Credit/Debit Card
3.4: Global In-Vehicle Payment Service Market by Application
3.4.1: Parking
3.4.2: Gas/charging stations
3.4.3: Shopping
3.4.4: Food/Coffee
3.4.5: Toll Collection
3.4.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global In-Vehicle Payment Service Market by Region
4.2: North American In-Vehicle Payment Service Market
4.2.2: North American In-Vehicle Payment Service Market by Application: Parking, Gas/charging stations, Shopping, Food/Coffee, Toll Collection, and Others
4.3: European In-Vehicle Payment Service Market
4.3.1: European In-Vehicle Payment Service Market by Mode of Payment: NFC, QR Code/RFID, App/e-Wallet, and Credit/Debit Card
4.3.2: European In-Vehicle Payment Service Market by Application: Parking, Gas/charging stations, Shopping, Food/Coffee, Toll Collection, and Others
4.4: APAC In-Vehicle Payment Service Market
4.4.1: APAC In-Vehicle Payment Service Market by Mode of Payment: NFC, QR Code/RFID, App/e-Wallet, and Credit/Debit Card
4.4.2: APAC In-Vehicle Payment Service Market by Application: Parking, Gas/charging stations, Shopping, Food/Coffee, Toll Collection, and Others
4.5: ROW In-Vehicle Payment Service Market
4.5.1: ROW In-Vehicle Payment Service Market by Mode of Payment: NFC, QR Code/RFID, App/e-Wallet, and Credit/Debit Card
4.5.2: ROW In-Vehicle Payment Service Market by Application: Parking, Gas/charging stations, Shopping, Food/Coffee, Toll Collection, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global In-Vehicle Payment Service Market by Mode of Payment
6.1.2: Growth Opportunities for the Global In-Vehicle Payment Service Market by Application
6.1.3: Growth Opportunities for the Global In-Vehicle Payment Service Market by Region
6.2: Emerging Trends in the Global In-Vehicle Payment Service Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global In-Vehicle Payment Service Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global In-Vehicle Payment Service Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: BMW
7.2: Daimler
7.3: Ford Motor
7.4: General Motors
7.5: Honda Motor
7.6: Hyundai Motor
7.7: Jaguar Land Rover
7.8: Volkswagen
7.9: Google
7.10: Paypal
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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