Global In-vehicle Payment Services Market 2020-2024

Global In-vehicle Payment Services Market 2020-2024

Technavio has been monitoring the in-vehicle payment services market and it is poised to grow by 8212.81 k units during 2020-2024 progressing at a CAGR of 35% during the forecast period. Our reports on in-vehicle payment services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rise in adoption of cloud technologies and IoT and rising OEM partnerships with hardware, software, insurance, telecom, and other service aggregators. In addition, rise in adoption of cloud technologies and IoT is anticipated to boost the growth of the market as well.

The in-vehicle payment services market analysis includes product segment and geographic landscapes

Technavio's in-vehicle payment services market is segmented as below:

By Product

  • Car
  • Van
By Geographic Landscapes
  • Europe
  • North America
  • APAC
  • South America
  • MEA
This study identifies rising demand for smartphone integration as one of the prime reasons driving the in-vehicle payment services market growth during the next few years.

"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our in-vehicle payment services market covers the following areas:
  • In-vehicle payment services market sizing
  • In-vehicle payment services market forecast
  • In-vehicle payment services market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading in-vehicle payment services market vendors that include BMW AG, Daimler AG, Ford Motor Co., General Motors Co., Gentex Corp., Honda Motor Co. Ltd., Hyundai Motor Co., JAGUAR LAND ROVER AUTOMOTIVE PLC, Volkswagen AG, and ZF Friedrichshafen AG. Also, the in-vehicle payment services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
    • Market characteristics
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Automotive components and accessories
      • Inputs
      • Inbound logistics
      • Operations
      • Distribution and logistics
      • Marketing and sales
      • Service
      • Industry innovations
  • Market Sizing
    • Market definition
      • Connected cars technology
      • Opportunities for service providers
      • In-vehicle payment services - Overview
      • In-vehicle payment services - The presented opportunities
        • Table In-vehicle payment service opportunities in the near short term
        • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019-2024 (thousand units)
      • Table Global - Market size and forecast 2019-2024 (thousand units) exclusive of COVID-19 impact
      • Table Global market: Year-over-year growth 2019-2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Customer Landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 (thousand units)
      • Table Europe - Market size and forecast 2019-2024 (thousand units) exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 (thousand units)
      • Table North America - Market size and forecast 2019-2024 (thousand units) exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 (thousand units)
      • Table APAC - Market size and forecast 2019-2024 (thousand units) exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 (thousand units)
      • Table South America - Market size and forecast 2019-2024 (thousand units) exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 (thousand units)
      • Table MEA - Market size and forecast 2019-2024 (thousand units) exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography (thousand units)
  • Drivers, Challenges, and Trends
    • Market drivers
      • High correlation between consumer electronics and connected car solutions
      • Rising demand for smartphone integration
      • Rise in adoption of cloud technologies and IoT
      • Rising OEM partnerships with hardware, software, insurance, telecom, and other service aggregators
    • Market challenges
      • Design complexity and technological challenges
      • Potential security breach may impact technology adoption
      • Low adoption of in-vehicle payment services
      • Usage of in-vehicle payment services may lead to driver distraction
        • Table Impact of drivers and challenges
    • Market trends
      • Increasing demand for mobile device-based payment services
      • Increased integration of smartphone
      • Increasing innovation in OS
        • Table Automotive infotainment software platforms
      • Internet-of-things integration powered by AI technology for automotive
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BMW AG
      • Table BMW AG - Overview
      • Table BMW AG - Business segments
      • Table BMW AG - Key news
      • Table BMW AG - Key offerings
      • Table BMW AG - Segment focus
    • Daimler AG
      • Table Daimler AG - Overview
      • Table Daimler AG - Business segments
      • Table Daimler AG - Key news
      • Table Daimler AG - Key offerings
      • Table Daimler AG - Segment focus
    • Ford Motor Co.
      • Table Ford Motor Co. - Overview
      • Table Ford Motor Co. - Business segments
      • Table Ford Motor Co. - Key news
      • Table Ford Motor Co. - Key offerings
      • Table Ford Motor Co. - Segment focus
    • General Motors Co.
      • Table General Motors Co. - Overview
      • Table General Motors Co. - Business segments
      • Table General Motors Co. - Key news
      • Table General Motors Co. - Key offerings
      • Table General Motors Co. - Segment focus
    • Gentex Corp.
      • Table Gentex Corp. - Overview
      • Table Gentex Corp. - Business segments
      • Table Gentex Corp. - Key news
      • Table Gentex Corp. - Key offerings
      • Table Gentex Corp. - Segment focus
    • Honda Motor Co. Ltd.
      • Table Honda Motor Co. Ltd. - Overview
      • Table Honda Motor Co. Ltd. - Business segments
      • Table Honda Motor Co. Ltd. - Key news
      • Table Honda Motor Co. Ltd. - Key offerings
      • Table Honda Motor Co. Ltd. - Segment focus
    • Hyundai Motor Co.
      • Table Hyundai Motor Co. - Overview
      • Table Hyundai Motor Co. - Business segments
      • Table Hyundai Motor Co. - Key news
      • Table Hyundai Motor Co. - Key offerings
      • Table Hyundai Motor Co. - Segment focus
    • JAGUAR LAND ROVER AUTOMOTIVE PLC
      • Table JAGUAR LAND ROVER AUTOMOTIVE PLC - Overview
      • Table JAGUAR LAND ROVER AUTOMOTIVE PLC - Business segments
      • Table JAGUAR LAND ROVER AUTOMOTIVE PLC - Key news
      • Table JAGUAR LAND ROVER AUTOMOTIVE PLC - Key offerings
    • Volkswagen AG
      • Table Volkswagen AG - Overview
      • Table Volkswagen AG - Business segments
      • Table Volkswagen AG - Key news
      • Table Volkswagen AG - Key offerings
      • Table Volkswagen AG - Segment focus
    • ZF Friedrichshafen AG
      • Table ZF Friedrichshafen AG - Overview
      • Table ZF Friedrichshafen AG - Business segments
      • Table ZF Friedrichshafen AG - Key news
      • Table ZF Friedrichshafen AG - Key offerings
      • Table ZF Friedrichshafen AG - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objective
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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