In-Vehicle Payment Services Market: By Offering (Solution, Service), By Payment Mode (Credit/Debit Card, App/E-Wallet, QR Code/RFID, Others) By Vehicle Type (Light Duty Vehicle (LDV), Heavy Duty Vehicle (HDV)), By Application (Fuel/Charging Stations, Toll/Parking, Food/ Groceries, Others) and Geography  

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In-Vehicle Payment Services Market size was valued at USD 4,145.8 million in 2022 and is poised to grow at a significant CAGR of 42.5% over 2023-2029. In-vehicle payment systems enable drivers to order and pay for food, coffee, gasoline, groceries, parking spaces, and tolls without leaving the vehicle. The QR Code/RFID segment is anticipated to grow at a significant CAGR over the forecast years owing to the most common ways of payment for in-vehicle payment services include QR code or RFID, app-based or e-wallet, credit, or debit card-based, and others. QR codes or RFID tags are used to pay by scanning them, and RFID tags employ radio waves to transfer the data they contain and to make payments. There are many forms of payment include embedded systems, tethered systems, integrated systems, and various vehicle types such as passenger cars, light commercial vehicles (LCVS), heavy commercial vehicles (HCVS), and autonomous guided vehicles. Among the numerous uses include shopping, petrol or charging stations, food and beverages, toll collecting, parking, and others. Key drivers driving the growth of the in-vehicle payment services market include rising contactless payment trends following the COVID pandemic, a growing consumer base seeking convenience in vehicles, and increasing technological innovation.  

In-Vehicle Payment Services Market Key Developments:
  • In August 2021, the Blackberry company partnered with Car IQ for in-vehicle payment. It enables secure vehicle-based payment capabilities with the help of its cloud-connected software platform. The system validates and autonomously makes payments for various services such as parking, food, etc.

In Vehicle Payment Services Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

42.5%

Largest Market

Asia Pacific

Fastest Growing Market

North America
In-Vehicle Payment Services Market Dynamics

The increased demand for contactless payments is propelling the in-vehicle payment services market forward. Due to the COVID-19 pandemic, there was a significant shift toward contactless payments, aided further by the payment systems' sophisticated and perfect support. According to UK Finance, the total value of contactless transactions in November 2021 will be £17.7 billion (USD 19.96 billion), up from £9.9 billion (USD 11.84 billion) in November 2019 and 155.3% more than £6.9 billion (USD 7.6 billion) in November 2019. As a result, the growing demand for contactless payments is projected to drive the expansion of the in-vehicle payments industry in the future.

Key Features of the Reports

 

  • The in-vehicle payment services market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

In Vehicle Payment Services Market Segmentation

By Payment Mode
  • Credit/Debit Card
  • App/E-Wallet
  • QR Code/RFID
  • Others
By Vehicle Type
  • Light Duty Vehicle (LDV)
  • Heavy Duty Vehicle (HDV)
By Application
  • Fuel/Charging Stations
  • Toll/Parking
  • Food/ Groceries
  • Others

Frequently Asked Questions

The in-vehicle payment services market is projected to expand at a CAGR of 42.5% during the forecast period

Volkswagen AG, ZF Friedrichshafen AG, Google, Amazon, Visa, MasterCard, PayPal

North America is the fastest-growing region for in-vehicle payment services market

1.Executive Summary
2.Global In-Vehicle Payment Services Market Introduction 
2.1.Global In-Vehicle Payment Services Market  - Taxonomy
2.2.Global In-Vehicle Payment Services Market  - Definitions
2.2.1.Payment Mode
2.2.2.Vehicle Type
2.2.3.Application 
2.2.4.Region
3.Global In-Vehicle Payment Services Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global In-Vehicle Payment Services Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global In-Vehicle Payment Services Market  By Payment Mode, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Credit/Debit Card
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. App/E-Wallet
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. QR Code/RFID
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Others
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global In-Vehicle Payment Services Market  By Vehicle Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Light Duty Vehicle (LDV)
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Heavy Duty Vehicle (HDV)
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7.Global In-Vehicle Payment Services Market  By Application , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Fuel/Charging Stations
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Toll/Parking
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Food/ Groceries
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Others
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8.Global In-Vehicle Payment Services Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America In-Vehicle Payment Services Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Payment Mode Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Credit/Debit Card
9.1.2.App/E-Wallet
9.1.3.QR Code/RFID
9.1.4.Others
9.2.  Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Light Duty Vehicle (LDV)
9.2.2.Heavy Duty Vehicle (HDV)
9.3.  Application  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Fuel/Charging Stations
9.3.2.Toll/Parking
9.3.3.Food/ Groceries
9.3.4.Others
9.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe In-Vehicle Payment Services Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Payment Mode Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Credit/Debit Card
10.1.2.App/E-Wallet
10.1.3.QR Code/RFID
10.1.4.Others
10.2.  Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Light Duty Vehicle (LDV)
10.2.2.Heavy Duty Vehicle (HDV)
10.3.  Application  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Fuel/Charging Stations
10.3.2.Toll/Parking
10.3.3.Food/ Groceries
10.3.4.Others
10.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
10.4.7.
11.Asia Pacific (APAC) In-Vehicle Payment Services Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Payment Mode Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Credit/Debit Card
11.1.2.App/E-Wallet
11.1.3.QR Code/RFID
11.1.4.Others
11.2.  Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Light Duty Vehicle (LDV)
11.2.2.Heavy Duty Vehicle (HDV)
11.3.  Application  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Fuel/Charging Stations
11.3.2.Toll/Parking
11.3.3.Food/ Groceries
11.3.4.Others
11.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) In-Vehicle Payment Services Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Payment Mode Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Credit/Debit Card
12.1.2.App/E-Wallet
12.1.3.QR Code/RFID
12.1.4.Others
12.2.  Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Light Duty Vehicle (LDV)
12.2.2.Heavy Duty Vehicle (HDV)
12.3.  Application  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Fuel/Charging Stations
12.3.2.Toll/Parking
12.3.3.Food/ Groceries
12.3.4.Others
12.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America In-Vehicle Payment Services Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Payment Mode Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Credit/Debit Card
13.1.2.App/E-Wallet
13.1.3.QR Code/RFID
13.1.4.Others
13.2.  Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Light Duty Vehicle (LDV)
13.2.2.Heavy Duty Vehicle (HDV)
13.3.  Application  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Fuel/Charging Stations
13.3.2.Toll/Parking
13.3.3.Food/ Groceries
13.3.4.Others
13.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.BMW AG
14.2.2.Daimler AG
14.2.3.Ford Motor Co.
14.2.4.General Motors Co.
14.2.5.Honda Motor Co. Ltd.
14.2.6.Hyundai Motor Co.
14.2.7.Jaguar Land Rover Automotive PLC
14.2.8.Volkswagen AG
14.2.9.ZF Friedrichshafen AG
14.2.10.Google
14.2.11.Amazon
14.2.12.Visa
15. Research Methodology 
16. Appendix and Abbreviations 
  • BMW AG
  • Daimler AG
  • Ford Motor Co.
  • General Motors Co.
  • Honda Motor Co. Ltd.
  • Hyundai Motor Co.
  • Jaguar Land Rover Automotive PLC
  • Volkswagen AG
  • ZF Friedrichshafen AG
  • Google
  • Amazon
  • Visa
  • MasterCard
  • PayPal