In-Vehicle Payment Systems market will reach at USD 24.53 billion by 2032 , Key Players- Honda Motor Company, Daimler AG, ZF Friedrichshafen, Visa, BMW, Mastercard, General Motors Company, Audi AG, Toyota Motor Corporation, Ford Motor Company, Hyundai, Te

The global in-vehicle payment services market size was valued at USD 5.02 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 14.2% from 2022 to 2032. In-vehicle payment services allow drivers to order and pay for food, coffee, gasoline, groceries, parking slots, and tolls without having to step out of the vehicle. Advances in the Internet of Things (IoT) technology and the efforts being pursued aggressively by various automakers to integrate new, advanced infotainment solutions in their vehicle models are expected to drive the growth of the market over the forecast period. The growing preference for contactless payment methods in the wake of the outbreak of the COVID-19 pandemic and continued innovations in smart vehicles also bode well for the growth of the market.

The parking segment is projected to register a substantial CAGR of 15.4% from 2022 to 2030. The growing number of passenger and commercial vehicles is particularly expected to contribute to the growth of the parking segment over the forecast period. The data published by OICA revealed that the sales of commercial vehicles in China increased 18.7% over the year in 2020. The increasing number of passenger and commercial vehicles drive the demand for parking spaces. Adapting in-vehicle payment services in the parking spaces will assist in reducing long queues at these spaces.

Regional Insights
North America accounted for a market share of around 39% in 2021. The region has the maximum penetration of connected cars. Moreover, technology companies, including Apple Inc. and Google Inc., which are based in North America, have also entered the automotive market with their capabilities to innovate and compete with the automotive companies.

The Asia Pacific regional market is projected to register the highest CAGR of 14.5% from 2022 to 2030. The growing population and the rising levels of disposable income are expected to contribute to the growth. Adoption of the latest, advanced technologies and continued innovations in the way payments are made and processed would also play a vital role in driving the growth over the forecast period.

The Global In-Vehicle Payment Systems Market Size is Projected to Reach a CAGR of 39% during 2022-2029.

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Major Market Players Profiled in the Report include:

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

The market report analyzes the top players that dominate the In-Vehicle Payment Systems market. The study reviews the characteristics of the In-Vehicle Payment Systems industry and the major manufacturers in the world marketplace. The report provides an enhanced and comparative understanding of the market with the help of financial and SWOT analysis. Additionally, the current technology integrations made by the manufacturers for operational efficiency and to improve the market value, the current financial situation of the manufacturers is explored in the report. The study also analyzes the positive and negative impact of and covid-19 pandemic on the manufacturers and the survival strategies adopted by the players.

In-Vehicle Payment Systems Market Segmentation by Type:

Embedded System, Mooring System, Integrated System.

In-Vehicle Payment Systems Market Segmentation by Application:

Parking management, Toll collection, Drive-through purchasing

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This market research report on in-vehicle payment services includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2028, for the following segments:
Market, By Mode of Payment

Wallet
Debit/Credit Card
Market, By Application

Fueling/EV Charging
Smart Parking
Automated Toll Payments
E-commerce
Other

Key Questions Answered through the Report

(1) How will the global In-Vehicle Payment Systems market perform during the forecast period? What will be the market size in terms of value and volume?

(2) Which segment will drive the global In-Vehicle Payment Systems market? Which regional market will show extensive growth in the future? What are the reasons?

(3) How will the In-Vehicle Payment Systems market dynamics change because of the impact of future market opportunities, restraints, and drivers?

(4) What are the key strategies adopted by players to sustain themselves in the global In-Vehicle Payment Systems market?

(5) How will these strategies influence the In-Vehicle Payment Systems market growth and competition?

Key Insights That Study Is Going to Provide:

The 360-degree In-Vehicle Payment Systems Market overview is based on a global and regional level
Market Share & Sales Revenue by Key Players & Emerging Regional Players
Competitors - In this section, various In-Vehicle Payment Systems industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
A separate chapter on In-Vehicle Payment Systems Market Entropy to gain insights on Leader's aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
Patent Analysis No of patents / Trademarks filed in recent years.
Table of Content:

Chapter 1: Introduction, market driving force product Objective of Study, and Research Scope In-Vehicle Payment Systems Market

Chapter 2: Exclusive Summary - the basic information of the In-Vehicle Payment Systems Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends, and Challenges of In-Vehicle Payment Systems

Chapter 4: Presenting In-Vehicle Payment Systems Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying 2015-2020 by Type, End-User, and Region

Chapter 6: Evaluating the top manufacturers in the In-Vehicle Payment Systems Market, including their Competitive Landscape, Peer Group Analysis, BCG Matrix, and Company Profile.

Chapter 7: To evaluate the market by segments, by countries, and by manufacturers with revenue share and sales by key countries in these various regions.

Chapter 8 & 9: Displaying the Appendix, Methodology, and Data Source

Conclusion: At the end of the In-Vehicle Payment Systems Market report, all the findings and estimations are given. It also includes major drivers and opportunities along with regional analysis. The segment analysis is also provided in terms of type and application.

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