In-vehicle payments have the potential to improve the way people shop, work and play. By making the experience of shopping, dining and working on the go easier and more enjoyable, these systems can open up new revenue streams for merchants and payments facilitators, and offer benefits to consumers that they cannot get from their smartphones. By enabling drivers to connect with their cars, these systems can surprise and delight them, meet needs they didn’t know they had, and shed light on desires they hadn’t considered.

Market Dynamics:

Increasing demand for contactless payments among the populace and growing infrastructural developments that are compatible with in-car payment solutions are likely to drive growth of the global in-vehicle payment services market. Furthermore, increased digitalization of automobiles and maturing 5G connectivity are also expected to boost the market.

However, factors such as lack of feasible user experience and safety of payment data are major concerns in the market, which are expected to hinder growth of the global in-vehicle payment services market.

Key features of the study:

• This report provides in-depth analysis of the global in-vehicle payment services market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global in-vehicle payment services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include BMW Group, Mastercard, Daimler Ag, Amazon, Ford Motor Company, Volkswagen Ag, Honda Motor Co., Ltd., General Motors Company, and Hyundai Motor
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global in-vehicle payment services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global in-vehicle payment services market

Detailed Segmentation:

• Global In-Vehicle Payment Services Market, By Mode of Payment:
  • NFC
  • QR Code/RFID
  • App /e-wallet based
  • Credit/debit card
• Global In-Vehicle Payment Services Market, By Application:
  • Parking
  • Gas & charging stations
  • Shopping
  • Food & Coffee
  • Toll Collection
  • Others
• Global In-Vehicle Payment Services Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profile:
  • BMW Group
  • Mastercard
  • Daimler Ag
  • Amazon
  • Ford Motor Company
  • Volkswagen Ag
  • Honda Motor Co., Ltd.
  • General Motors Company
  • Hyundai Motor