Take Up Global In-Vehicle Payment Services Market Opportunities with Clear Industry Data – Includes In-Vehicle Payment Services Market Size
The Business Research Company’s report goes into great detail on the in-vehicle payment services market size and growth, in-vehicle payment services market regional analysis, in-vehicle payment services market competitive landscape, and other critical information needed to excel in the in-vehicle payment services industry.
Major players in the in-vehicle payment services market include 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.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global in-vehicle payment services market size 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 global in-vehicle payment service market size is expected to grow to $5.04 billion in 2026 at a CAGR of 9.8%.
North America was the largest region in the in-vehicle payment service market in 2021.
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 growing preference for contactless payments is significantly driving the growth of the in-vehicle payment services market.
Technological advancements have emerged as the key trend gaining popularity in the in-vehicle payment services market. Major companies operating in the in-vehicle payments market are focused on bringing advancements in technologies to strengthen their position.
TBRC’s Global In-Vehicle Payment Services Market Report Is Segmented:
By Mode of Payment: QR Code or RFID, App-Based or e-Wallet, Credit or Debit Card-Based, Others
By Form Factor: Embedded System, Tethered System, Integrated System
By Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), Automated Guided Vehicles
By Application: Shopping, Gas or Charging Stations, Food and Beverages, Toll Collection, Parking, Others
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The In-Vehicle Payment Services Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the in-vehicle payment services market globally and regionally, analyzes and forecasts market size, share, in-vehicle payment services market players, in-vehicle payment services market segments, leading competitor revenues, profiles and market shares.
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