Global In-Vehicle Payment Services Market Databank
The In-Vehicle Payment Services market was valued at $4,390.0 Million in 2020, and is projected to reach $8,384.9 Million by 2029 growing at a CAGR of 7.50% from 2021 to 2029. Credit/Debit card segment is expected to be the highest contributor to this market, with $2,239.6 Million in 2020, and is anticipated to reach $4,267.1 Million by 2029, registering a CAGR of 7.47%. NFC segment is anticipated to reach $653.8 Million by 2029 with the highest CAGR of 7.87%. Credit/Debit card and App/e-wallet segments collectively expected to account for about 79.7% share of the In-Vehicle Payment Services market in 2020, with the former constituting around 51.0% share. NFC and QR Code/RFID segments are expected to witness significant growth rates at a CAGR of 7.87% and 7.60% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 20.3% in the overall In-Vehicle Payment Services market in 2020, and is anticipated to reach 20.6% by 2029.
The report provides market intelligence on various market segments and geography, including market size and forecast information. Its primary goals are to deliver a thorough global market intelligence report by providing detailed segmentation, growth rates, market dynamics, industry structure and developments, market situation, and trends. To determine the market size and forecast, we conducted extensive secondary research to gain a comprehensive understanding of the market in each region. In addition, we carried out extensive primary research by conducting interviews with key executives in the industry. These interviews helped us to fill any data gaps identified during the secondary research. We used various secondary sources such as encyclopedias, directories, and databases to gather relevant information for this extensive techno-commercial study. We interviewed selected experts from manufacturers and suppliers to obtain and verify critical information, as well as to assess future prospects. The research team evaluated the reliability of the obtained information before using it. In some cases, a combination of multiple sources was used. Sprout Intelligence conducted an in-depth analysis of the market segmentation, which is a crucial component of our market intelligence reports.
- 1. GLOBAL IN-VEHICLE PAYMENT SERVICES MARKET, BY MODE
- 1.1. OVERVIEW
- 1.2. NFC
- 1.2.1 NFC MARKET, BY REGION
- 1.2.1.1 North America NFC Market, By Country
- 1.2.1.2 Europe NFC Market, By Country
- 1.2.1.3 Asia-Pacific NFC Market, By Country
- 1.2.1.4 Rest of World NFC Market, By Country
- 1.3. QR CODE/RFID
- 1.3.1 QR CODE/RFID MARKET, BY REGION
- 1.3.1.1 North America QR Code/RFID Market, By Country
- 1.3.1.2 Europe QR Code/RFID Market, By Country
- 1.3.1.3 Asia-Pacific QR Code/RFID Market, By Country
- 1.3.1.4 Rest of World QR Code/RFID Market, By Country
- 1.4. APP/E-WALLET
- 1.4.1 APP/E-WALLET MARKET, BY REGION
- 1.4.1.1 North America App/e-wallet Market, By Country
- 1.4.1.2 Europe App/e-wallet Market, By Country
- 1.4.1.3 Asia-Pacific App/e-wallet Market, By Country
- 1.4.1.4 Rest of World App/e-wallet Market, By Country
- 1.5. CREDIT/DEBIT CARD
- 1.5.1 CREDIT/DEBIT CARD MARKET, BY REGION
- 1.5.1.1 North America Credit/Debit card Market, By Country
- 1.5.1.2 Europe Credit/Debit card Market, By Country
- 1.5.1.3 Asia-Pacific Credit/Debit card Market, By Country
- 1.5.1.4 Rest of World Credit/Debit card Market, By Country
- 2. GLOBAL IN-VEHICLE PAYMENT SERVICES MARKET, BY REGION
- 2.1. OVERVIEW
- 2.2. NORTH AMERICA
- 2.2.1 NORTH AMERICA IN-VEHICLE PAYMENT SERVICES MARKET, BY MODE
- 2.2.2 NORTH AMERICA IN-VEHICLE PAYMENT SERVICES MARKET, BY COUNTRY
- 2.2.2.1 U.S.
- 2.2.2.1.1 U.S. In-Vehicle Payment Services Market, By Mode
- 2.2.2.2 Canada
- 2.2.2.2.1 Canada In-Vehicle Payment Services Market, By Mode
- 2.2.2.3 Mexico
- 2.2.2.3.1 Mexico In-Vehicle Payment Services Market, By Mode
- 2.3. EUROPE
- 2.3.1 EUROPE IN-VEHICLE PAYMENT SERVICES MARKET, BY MODE
- 2.3.2 EUROPE IN-VEHICLE PAYMENT SERVICES MARKET, BY COUNTRY
- 2.3.2.1 Germany
- 2.3.2.1.1 Germany In-Vehicle Payment Services Market, By Mode
- 2.3.2.2 France
- 2.3.2.2.1 France In-Vehicle Payment Services Market, By Mode
- 2.3.2.3 UK
- 2.3.2.3.1 UK In-Vehicle Payment Services Market, By Mode
- 2.3.2.4 Italy
- 2.3.2.4.1 Italy In-Vehicle Payment Services Market, By Mode
- 2.3.2.5 Spain
- 2.3.2.5.1 Spain In-Vehicle Payment Services Market, By Mode
- 2.3.2.6 Rest of Europe
- 2.3.2.6.1 Rest of Europe In-Vehicle Payment Services Market, By Mode
- 2.4. ASIA-PACIFIC
- 2.4.1 ASIA-PACIFIC IN-VEHICLE PAYMENT SERVICES MARKET, BY MODE
- 2.4.2 ASIA-PACIFIC IN-VEHICLE PAYMENT SERVICES MARKET, BY COUNTRY
- 2.4.2.1 China
- 2.4.2.1.1 China In-Vehicle Payment Services Market, By Mode
- 2.4.2.2 India
- 2.4.2.2.1 India In-Vehicle Payment Services Market, By Mode
- 2.4.2.3 Japan
- 2.4.2.3.1 Japan In-Vehicle Payment Services Market, By Mode
- 2.4.2.4 Australia
- 2.4.2.4.1 Australia In-Vehicle Payment Services Market, By Mode
- 2.4.2.5 South Korea
- 2.4.2.5.1 South Korea In-Vehicle Payment Services Market, By Mode
- 2.4.2.6 Rest of Asia
- 2.4.2.6.1 Rest of Asia In-Vehicle Payment Services Market, By Mode
- 2.5. REST OF WORLD
- 2.5.1 REST OF WORLD IN-VEHICLE PAYMENT SERVICES MARKET, BY MODE
- 2.5.2 REST OF WORLD IN-VEHICLE PAYMENT SERVICES MARKET, BY COUNTRY
- 2.5.2.1 Brazil
- 2.5.2.1.1 Brazil In-Vehicle Payment Services Market, By Mode
- 2.5.2.2 South Africa
- 2.5.2.2.1 South Africa In-Vehicle Payment Services Market, By Mode
- 2.5.2.3 GCC
- 2.5.2.3.1 GCC In-Vehicle Payment Services Market, By Mode
- 2.5.2.4 RoW Countries
- 2.5.2.4.1 RoW Countries In-Vehicle Payment Services Market, By Mode
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