- Embedded System
- Mooring System
- Integrated System
In-Vehicle Payment Systems Market size was valued at USD 9,149.1 million in 2022 and is expected to reach USD 19,479.3 million by 2028, at a CAGR of 11.4% from 2023 to 2029. View and complete their purchases and allow passengers to buy cars from dashboards which is quicker, and more efficiently simultaneously boosting the global market. There are few restrains hampering the growth of global in-vehicle payment system market include insurance claim issues and long waiting procedures. Embedded BLE hardware modules that can transmit data at a higher range than NFC protocols used by most mobile payment apps is anticipated to provide opportunity.
In-Vehicle Payment Systems Market Key Developments:
In July 2015, Fiat recalled nearly 1.4 million Chryslers in the U.S. as a technical glitch in its dashboard permitted hackers to disable the vehicle. In September 2016, white hat hackers deployed a malware in Tesla cars.
In Vehicle Payment Systems Market Summary
Study Period
2023-29
Base Year
2022
CAGR
11.4%
Largest Market
Europe
Fastest Growing Market
North-America
In-Vehicle Payment Systems Market Dynamics
It is noticed that the global in-vehicle payment system market has a significant market growth rate on the perspective of technologies integration of payment processors. Smartphones are increasingly being integrated via Bluetooth and near-field communications (NFC) with mobile wallets, on-demand applications, digital assistants, and enhanced connectivity. Several major players in the mobile device industry have been encouraged to build different mobile wallets by the increasing customer demand for easy payments and fast delivery. Mobile wallets would also provide in-vehicle payments because of the growing smartphone integration with the car’s infotainment system.
In-Vehicle Payment Systems Market Regional Analysis
North-America Got Significant Share
North America contributed major revenue followed by Europe and Asia Pacific. In 2019, North America region accounted huge growth rate and is anticipated to grow with a forecast year because of the increased vehicle production by three major players, Ford Motor Company, General Motor Company, and Fiat-Chrysler Automobiles N.V. Europe, by the increase in luxury car penetration, the improvement of economic conditions and the recent M&A for the growth of in-vehicle payment services. Global in-vehicle payment services market, Asia Pacific is expected to rise due to the presence of key car manufacturers, fast-growing economies, and rising buying power among consumers.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The 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 Systems Market Segmentation
By Service
By Application
- Parking Management
- Toll Collection
- Drive-through Purchasing
- Others
By Vehicle Types
- Passenger cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Automated Guided Vehicles
By Connectivity
- 3G
- 4G
- 5G
- Wi-Fi
- Bluetooth
- NFC
Frequently Asked Questions
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
- Executive Summary
- Global In-Vehicle Payment Systems Market Introduction
- Global In-Vehicle Payment Systems Market Taxonomy
- Global In-Vehicle Payment Systems Market Definitions
- Vehicle Type
- Service
- Application
- Connectivity
- Global In-Vehicle Payment Systems Market Dynamics
- Drivers
- Restraints
- Opportunities/Unmet Needs of the Market
- Trends
- Global In-Vehicle Payment Systems Market Dynamic Factors - Impact Analysis
- Global In-Vehicle Payment Systems Market Competition Landscape
- Global In-Vehicle Payment Systems Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%)
- Market Opportunity Analysis
- Global In-Vehicle Payment Systems Market, By Vehicle Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Passenger cars
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Light Commercial Vehicles (LCVs)
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Heavy Commercial Vehicles (HCVs)
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Automated Guided Vehicles
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Passenger cars
- Global In-Vehicle Payment Systems Market Forecast, By Service, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
- Embedded System
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Mooring System
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Integrated System
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Embedded System
- Global In-Vehicle Payment Systems Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
- Parking Management
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Toll Collection
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Drive-through Purchasing
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Others
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Parking Management
- Global In-Vehicle Payment Systems Market Forecast, By Connectivity, 2018 - 2022 and Forecast, 2023 - 2029
- 3G
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- 4G
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- 5G
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Wi-Fi
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Bluetooth
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- NFC
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- 3G
- Global In-Vehicle Payment Systems Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- North America
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Europe
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Asia-Pacific
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Latin America
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Middle East and Africa
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Global In-Vehicle Payment Systems Market - Opportunity Analysis Index, By Vehicle Type, Service, Application, Connectivity and Region, 2023 - 2029
- North America
- North America In-Vehicle Payment Systems Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Passenger cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Automated Guided Vehicles
- Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Embedded System
- Mooring System
- Integrated System
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Parking Management
- Toll Collection
- Drive-through Purchasing
- Others
- Connectivity Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- 3G
- 4G
- 5G
- Wi-Fi
- Bluetooth
- NFC
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- USA
- Canada
- North America In-Vehicle Payment Systems Market - Opportunity Analysis Index, By Vehicle Type, Service, Application, Connectivity and Country, 2023 - 2029
- North America In-Vehicle Payment Systems Market Dynamics – Trends
- Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Europe In-Vehicle Payment Systems Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Passenger cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Automated Guided Vehicles
- Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Embedded System
- Mooring System
- Integrated System
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Parking Management
- Toll Collection
- Drive-through Purchasing
- Others
- Connectivity Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- 3G
- 4G
- 5G
- Wi-Fi
- Bluetooth
- NFC
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Poland
- Rest of Europe
- Europe In-Vehicle Payment Systems Market - Opportunity Analysis Index, By Vehicle Type, Service, Application, Connectivity and Country, 2023 - 2029
- Europe In-Vehicle Payment Systems Market Dynamics – Trends
- Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Asia-Pacific In-Vehicle Payment Systems Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Passenger cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Automated Guided Vehicles
- Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Embedded System
- Mooring System
- Integrated System
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Parking Management
- Toll Collection
- Drive-through Purchasing
- Others
- Connectivity Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- 3G
- 4G
- 5G
- Wi-Fi
- Bluetooth
- NFC
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Japan
- China
- India
- ASEAN
- Australia & New Zealand
- Rest of Asia-Pacific
- Asia-Pacific In-Vehicle Payment Systems Market - Opportunity Analysis Index, By Vehicle Type, Service, Application, Connectivity and Country, 2023 - 2029
- Asia-Pacific In-Vehicle Payment Systems Market Dynamics – Trends
- Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Latin America In-Vehicle Payment Systems Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Passenger cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Automated Guided Vehicles
- Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Embedded System
- Mooring System
- Integrated System
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Parking Management
- Toll Collection
- Drive-through Purchasing
- Others
- Connectivity Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- 3G
- 4G
- 5G
- Wi-Fi
- Bluetooth
- NFC
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Latin America In-Vehicle Payment Systems Market - Opportunity Analysis Index, By Vehicle Type, Service, Application, Connectivity and Country, 2023 - 2029
- Latin America In-Vehicle Payment Systems Market Dynamics – Trends
- Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Middle East and Africa In-Vehicle Payment Systems Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Passenger cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Automated Guided Vehicles
- Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Embedded System
- Mooring System
- Integrated System
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Parking Management
- Toll Collection
- Drive-through Purchasing
- Others
- Connectivity Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- 3G
- 4G
- 5G
- Wi-Fi
- Bluetooth
- NFC
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
- MEA In-Vehicle Payment Systems Market - Opportunity Analysis Index, By Vehicle Type, Service, Application, Connectivity and Country, 2023 - 2029
- MEA In-Vehicle Payment Systems Market Dynamics – Trends
- Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Competition Landscape
- Strategic Dashboard of Top Market Players
- Company Profiles (Introduction, Financial Analysis, Vehicle Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
- Honda Motor Company
- Visa
- Mastercard
- ZF Friedrichshafen
- Toyota Motor Corporation
- Audi AG
- BMW
- Daimler AG
- Ford Motor Company
- General Motors Company
- Hyundai
- Tesla
- Research Methodology
- Key Assumptions and Acronyms
- Honda Motor Company
- Visa
- Mastercard
- ZF Friedrichshafen
- Toyota Motor Corporation
- Audi AG
- BMW
- Daimler AG
- Ford Motor Company
- General Motors Company
- Hyundai
- Tesla