In-Vehicle Payment Systems Market: By Service, By Application, Vehicle Types, Heavy Commercial Vehicles, Automated Guided Vehicles), By Connectivity and Geography
In-Vehicle Payment Systems Market size was valued at US$ 9,149.1 million in 2023 and is expected to reach US$ 19,479.3 million by 2030, at a CAGR of 11.4% from 2024 to 2030. 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.
Study Period
2024-2030Base Year
2023CAGR
11.4%Largest Market
North-AmericaFastest Growing Market
North-America
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.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 9,149.1 million |
Market Size in 2030 |
US$ 19,479.3 million |
Market CAGR |
11.4% |
By Service |
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By Application |
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By Vehicle Types |
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By Connectivity |
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The global in vehicle payment systems market size was valued at US$ 9,149.1 million in 2023 and is set to reach 19,479.3 million by 2030 at a CAGR of 11.4% by 2030.
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).
ZF Friedrichshafen, Toyota Motor Corporation, Audi AG, BMW, Daimler AG, Ford Motor Company, General Motors Company
Key Market Players