In-Vehicle Payment Systems Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Description

Global In-Vehicle Payment Systems Market:

The global in-vehicle payment system market is expected to be valued at US$ 8,212.8 Mn in 2019 and expected to grow at a CAGR of 11.4 % over the forecast period by 2026. 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.

 

Technologies Integration of Payment Processors

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.

 

North America Dominates the Market Share in the Global In-Vehicle Payment Systems Market

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.

 

Competition Assessment

Key player’s profiles in the global in-vehicle payment system market include:

  • Honda Motor Company
  • Visa
  • Mastercard
  • ZF Friedrichshafen
  • Toyota Motor Corporation
  • Audi AG
  • BMW
  • Daimler AG
  • Ford Motor Company
  • General Motors Company
  • Hyundai
  • Tesla

 

Key Developments:

  • Market players have witnessed the strategic collaboration and acquisition to expand product portfolio and strengthen their position in the market to enhance the revenue of the company.
  • 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.

 

Global In-Vehicle Payment Systems Market Report Description:

Global in-vehicle payment system market report gives comprehensive outlook on in-vehicle payment system market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on in-vehicle payment system market gives historical, current, and future market sizes on the basis of service, application, vehicle type, connectivity and region. This report studies global in-vehicle payment system market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global in-vehicle payment system market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global in-vehicle payment system market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global in-vehicle payment system market

 

Key Findings of the Report:

  • Global in-vehicle payment system market expanding at significant CAGR over 2020 to 2026 owing due to technologies integration of payment processors
  • Based on region, North America accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global market.

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
  • 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 startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

 

Detailed Segmentation

 

   By Service

  • Embedded System
  • Mooring System
  • Integrated System

 

   Application

  • Parking Management
  • Toll Collection
  • Drive-through Purchasing
  • Others

   Vehicle Types

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

   By Connectivity

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

 

By Geography

 

North America

  • USA
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA


Location

GEOGRAPHY


Location

GEOGRAPHY

PBI Location Map

Competition Assessment

Key player’s profiles in the global in-vehicle payment system market include:

  • Honda Motor Company
  • Visa
  • Mastercard
  • ZF Friedrichshafen
  • Toyota Motor Corporation
  • Audi AG
  • BMW
  • Daimler AG
  • Ford Motor Company
  • General Motors Company
  • Hyundai
  • Tesla

Table of Content

  1. Executive Summary
  2. 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
  1. 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
  2. Global In-Vehicle Payment Systems Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global In-Vehicle Payment Systems Market, By Vehicle Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Passenger cars
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Light Commercial Vehicles (LCVs)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Heavy Commercial Vehicles (HCVs)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Automated Guided Vehicles
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global In-Vehicle Payment Systems Market Forecast, By Service, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Embedded System
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Mooring System
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Integrated System
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global In-Vehicle Payment Systems Market Forecast, By Application, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Parking Management
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Toll Collection
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Drive-through Purchasing
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global In-Vehicle Payment Systems Market Forecast, By Connectivity, 2015 – 2019 and Forecast, 2020 – 2026
    • 3G
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • 4G
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • 5G
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Wi-Fi
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Bluetooth
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • NFC
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global In-Vehicle Payment Systems Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (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, 2020 – 2026
  2. North America In-Vehicle Payment Systems Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Vehicle Type Analysis 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Embedded System
      • Mooring System
      • Integrated System
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Parking Management
      • Toll Collection
      • Drive-through Purchasing
      • Others
    • Connectivity Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • 3G
      • 4G
      • 5G
      • Wi-Fi
      • Bluetooth
      • NFC
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 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, 2020 – 2026
    • North America In-Vehicle Payment Systems Market Dynamics – Trends
  3. Europe In-Vehicle Payment Systems Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Vehicle Type Analysis 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Embedded System
      • Mooring System
      • Integrated System
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Parking Management
      • Toll Collection
      • Drive-through Purchasing
      • Others
    • Connectivity Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • 3G
      • 4G
      • 5G
      • Wi-Fi
      • Bluetooth
      • NFC
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 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, 2020 – 2026
    • Europe In-Vehicle Payment Systems Market Dynamics – Trends
  4. Asia-Pacific In-Vehicle Payment Systems Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Vehicle Type Analysis 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Embedded System
      • Mooring System
      • Integrated System
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Parking Management
      • Toll Collection
      • Drive-through Purchasing
      • Others
    • Connectivity Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • 3G
      • 4G
      • 5G
      • Wi-Fi
      • Bluetooth
      • NFC
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 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, 2020 – 2026
    • Asia-Pacific In-Vehicle Payment Systems Market Dynamics – Trends
  5. Latin America In-Vehicle Payment Systems Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Vehicle Type Analysis 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Embedded System
      • Mooring System
      • Integrated System
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Parking Management
      • Toll Collection
      • Drive-through Purchasing
      • Others
    • Connectivity Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • 3G
      • 4G
      • 5G
      • Wi-Fi
      • Bluetooth
      • NFC
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 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, 2020 – 2026
    • Latin America In-Vehicle Payment Systems Market Dynamics – Trends
  6. Middle East and Africa In-Vehicle Payment Systems Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Vehicle Type Analysis 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Embedded System
      • Mooring System
      • Integrated System
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Parking Management
      • Toll Collection
      • Drive-through Purchasing
      • Others
    • Connectivity Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • 3G
      • 4G
      • 5G
      • Wi-Fi
      • Bluetooth
      • NFC
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 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, 2020 – 2026
    • MEA In-Vehicle Payment Systems Market Dynamics – Trends
  7. 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
  1. Research Methodology
  2. Key Assumptions and Acronyms

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