PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1326649
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1326649
In-Vehicle Payment Services Market Introduction and Overview
According to SPER Market Research, 'In-Vehicle Payment Services Market Size- By Payment Mode, By Application, By Offering, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the In-Vehicle Payment Services Market is predicted to reach USD 26.42 billion by 2033 with a CAGR of 18.92%.
With the help of in-vehicle payment services, drivers may make purchases right from their cars without the need for additional payment methods. By streamlining financial transactions at petrol stations, this technology improves operational effectiveness everywhere. The market is expanding as a result of the rising use of credit card payment technology among drivers in important Asian economies including China, Japan, and India.
The in-vehicle payment services market experienced substantial growth in recent years, but the outbreak of the COVID-19 pandemic led to a sudden decline. This was mainly due to government-imposed lockdowns, travel restrictions, and a rise in COVID-19 cases globally. The pandemic hindered the market's growth. However, the increasing digitalization in the travel industry is expected to present promising opportunities for market recovery and growth post-COVID-19.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Payment Mode, By Application, By Offering, By Vehicle Type
Regions covered Asia Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Amazon, BMW AG, Daimler AG, Ford Motor Co., General Motors Co., Google, Honda Motor Co. Ltd., Jaguar Land Rover Automotive PLC, MasterCard, PayPal, Visa, ZF Friedrichshafen AG, Others
In-Vehicle Payment Services Market Segmentation:
By Payment Mode: Based on the Payment Mode, Global In-Vehicle Payment Services Market is segmented as; App/E-Wallet, Credit/Debit Card, QR Code/RFID, Others.
By Application: Based on the Application, Global In-Vehicle Payment Services Market is segmented as; Food/ Groceries, Fuel/Charging Stations, Toll/Parking, Others.
By Offering: Based on the Offering, Global In-Vehicle Payment Services Market is segmented as; Service (Managed Services, Professional Services), Solution.
By Vehicle Type: Based on the Vehicle Type, Global In-Vehicle Payment Services Market is segmented as; Heavy Duty Vehicle (HDV), Light Duty Vehicle (LDV).