In Vehicle Payment Services Market 2023 - Growth Acceleration, Emerging Trends, Global Size, Market Share And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

In Vehicle Payment Services Market Size, Growth Rate, And Forecast
The global in-vehicle payment services market size grew from $3.49 billion in 2022 to $3.87 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The in-vehicle payment services market size is expected to grow to $5.55 billion in 2027 at a CAGR of 9.4%.

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In Vehicle Payment Services Market Drivers
The growing preference for contactless payments is significantly driving the growth of 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.

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In Vehicle Payment Services Market Segments
1) By Mode of Payment: QR Code or RFID, App-Based or e-Wallet, Credit or Debit Card-Based, Other Modes

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, Other Applications

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the in-vehicle payment services market.

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In Vehicle Payment Services Market Key Players
Major competitors in the in-vehicle payment services market include MasterCard, The Mercedes-Benz Group, Jaguar Land Rover Automotive PLC, Honda Global, Hyundai Motor Company, ZF Friedrichshafen AG.

The Business Research Company's "Global In Vehicle Payment Services Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The In Vehicle Payment Services Market Include:
1. Executive Summary
2. In-Vehicle Payment Services Market Characteristics
3. In-Vehicle Payment Services Market Trends And Strategies
4. In-Vehicle Payment Services Market - Macro Economic Scenario
5. In-Vehicle Payment Services Market Size And Growth
....
26. Africa In-Vehicle Payment Services Market
27. In-Vehicle Payment Services Market Competitive Landscape And Company Profiles
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

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