In-Vehicle Payment Services Market Size, Share, Analysis, Growth, Trends, Industry Report 2022-2031 | MasterCard, The Mercedes-Benz Group, Jaguar Land Rover Automotive PLC, Honda Global, Hyundai Motor Company

The global in-vehicle payment services market report by the business research company identifies growing preference for contactless payments to be a major growth driver for the in-vehicle payment services market. Due to the COVID pandemic, there was a huge shift towards contactless payments, which was further supported by the advanced and flawless support from the payment systems. For instance, according to UK Finance, in November 2021, the total value of contactless transactions reached £17.7 billion (USD 19.96 billion), up from £9.9 billion (USD 11.84 billion) and 155.3% higher than £6.9 billion (USD 7.6 billion) in November 2019. Therefore, the increasing preference for contactless payments is expected to propel the growth of the in-vehicle payments market going forward.

The global in-vehicle payment services market size is expected to grow from $3.08 billion in 2021 to $3.47 billion in 2022 at a compound annual growth rate (CAGR) of 12.5%. The global in-vehicle payment service market size is expected to grow to $5.04 billion in 2026 at a CAGR of 9.8%.

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North America was the largest region in the in-vehicle payment service market in 2021. The regions covered in the global in-vehicle payments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the organic food market are MasterCard, The Mercedes-Benz Group, Jaguar Land Rover Automotive PLC, Honda Global, Hyundai Motor Company, ZF Friedrichshafen AG, Amazon, Google, International Business Machines Corporation, Telenav Inc, Xevo Inc, CarPay Diem Cerence Inc, and Gentex Corporation.

The global in-vehicle payment services market is segmented -
1) By Mode of Payment: QR Code or RFID, App-Based or e-Wallet, Credit or Debit Card-Based, Others
2) By Form Factor: Embedded System, Tethered System, Integrated System
3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), Automated Guided Vehicles
4) By Application: Shopping, Gas or Charging Stations, Food and Beverages, Toll Collection, Parking, Others

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The In-Vehicle Payment Services Market Report Contents Include
1. Executive Summary
2. In-Vehicle Payment Services Market Characteristics
3. In-Vehicle Payment Services Market Trends And Strategies
4. Impact Of COVID-19 On In-Vehicle Payment Services
5. In-Vehicle Payment Services Market Size And Growth
....
28. Key Mergers And Acquisitions In The In-Vehicle Payment Services Market
29. In-Vehicle Payment Services Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the in-vehicle payment services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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