In-Vehicle Payment Services Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The global in-vehicle payment services market size was estimated at USD 1.96 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 19% from 2021 to 2027.

In-vehicle payment service refers to a vehicle system with built-in payment technology that helps drivers confirm and complete purchases at various retailers such as fuel pumps, smart parking, and toll gates. With in-vehicle payment service, passengers can make purchases from the car dashboard without having to take out a card or device, saving the driver’s time and making it safer, faster and more efficient to get to their destination.

Market Segments:

By Vehicle Types

• Passenger cars
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)
• Automated Guided Vehicles

By Form Factor

• Embedded System
• Tethered System
• Integrated System

By Connectivity

• 3G
• 4G
• 5G
• Wi-Fi
• Bluetooth
• NFC

List of Key Players of In-vehicle Payment Services Market

• BMW AG
• Honda Motor Co. Ltd.
• Hyundai Motor Co.
• Ford Motor
• General Motors
• Jaguar Land Rover Automotive Plc

Scope of the Report

The research study analyzes the global In-Vehicle Payment Services industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by In-Vehicle Payment Services Market Report

1. What was the In-Vehicle Payment Services Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of In-Vehicle Payment Services Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the In-Vehicle Payment Services Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.