In-vehicle Payment Services Market: Key Drivers and Segmentation

Synopsis of Growth Drivers with Market Forecast 2021-2025

Technavio’s In-vehicle Payment Services Market is set to grow by $ 2.31 bn, and the market will decelerate at a CAGR of almost 89.94% till 2025. This research report identifies and analyses the growth drivers that will boost market growth. It also provides a thorough understanding of all the segments, trends and challenges that are likely to have an impact on the future prospects fo the market in focus.

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In-vehicle Payment Services Market: Key Market Drivers

Technavio has identified  High correlation between consumer electronics and connected car solutions as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

In-vehicle Payment Services Market: Segment List

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. In-vehicle Payment Services Market is segmented by Type (RFID and Bluetooth) and Geography (Europe, North America, APAC, South America, and MEA). Request our Free Sample Report

In-vehicle Payment Services Market: 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 are some of the leading competitors

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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 are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is decelerate at a CAGR of almost 89.94%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 2.31 bn through 2021-2025.
    
3. What is a key factor driving this market?
   High correlation between consumer electronics and connected car solutions will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Europe, North America, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   36% growth will originate from Europe
    
6. Who are the leading market vendors?
   The leading vendors in this market are 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
    
7. What are the market segments covered in this report?
   The market is segmented by Type (RFID and Bluetooth) and Geography (Europe, North America, APAC, South America, and MEA)

In-vehicle Payment Services Market | Market Highlights and Insights to Recovery from COVID-19
Market Forecast and Growth Projections 2021-2025

The Global in-vehicle payment services market is expected to grow by $ 2.31 bn, decelerating at a CAGR of almost 89.94% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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In-vehicle Payment Services Market: Leading Segments and Growth Analysis

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• The In-vehicle Payment Services Market is segmented by Type (RFID and Bluetooth) and Geography (Europe, North America, APAC, South America, and MEA).
• 36% of the market growth will originate from Europe during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the In-vehicle Payment Services Market size.

In-vehicle Payment Services Market: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

• High correlation between consumer electronics and connected car solutions will be a significant factor in driving the growth of the In-vehicle Payment Services Market.
• Rising demand for smartphone integration is another factor that will be instrumental in driving market growth during the forecast period.
• One of the key challenges that market players need to contend with in order to achieve further success is the Design complexity and technological challenges.

In-vehicle Payment Services Market: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• 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 are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is decelerate at a CAGR of almost 89.94%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 2.31 bn through 2021-2025.
    
3. What is a key factor driving this market?
   High correlation between consumer electronics and connected car solutions will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Europe, North America, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   36% growth will originate from Europe
    
6. Who are the leading market vendors?
   The leading vendors in this market are 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
    
7. What are the market segments covered in this report?
   The market is segmented by Type (RFID and Bluetooth) and Geography (Europe, North America, APAC, South America, and MEA)

In-vehicle Payment Services Market: Leading Regions and Market Trends

Regional Growth Analysis and Market Trends 2021-2025

The in-vehicle payment services market is set to post an incremental growth of $ 2.31 bn, decelerating at a CAGR of almost 89.94% during the forecast period. Our market investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios.

For market insights and a better understanding of the quality of our research: Request for our FREE Sample Report

In-vehicle Payment Services Market: Europe to lead market growth during the forecast period

• Based on our Geographical Segmentation, Europe is projected to contribute 36% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the in-vehicle payment services market size
• High correlation between consumer electronics and connected car solutions will be a significant factor in driving the growth of the in-vehicle payment services market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
• The in-vehicle payment services market is segmented by Type (RFID and Bluetooth) and Geography (Europe, North America, APAC, South America, and MEA). Each segment and sub-segment is analyzed at depth to derive market insights and forecast growth projections.

In-vehicle Payment Services Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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 are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is decelerate at a CAGR of almost 89.94%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 2.31 bn through 2021-2025.
    
3. What is a key factor driving this market?
   High correlation between consumer electronics and connected car solutions will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Europe, North America, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   36% growth will originate from Europe
    
6. Who are the leading market vendors?
   The leading vendors in this market are 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
    
7. What are the market segments covered in this report?
   The market is segmented by Type (RFID and Bluetooth) and Geography (Europe, North America, APAC, South America, and MEA).

Market Segmentation by Type

• • In-vehicle Payment Services Market Split by Type
    • RFID
    • Bluetooth
  • In-vehicle Payment Services Market Split by Geography
    • Europe
    • North America
    • APAC
    • South America
    • MEA

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Competitive scenario
• Vendor landscape
• Landscape disruption

Vendor Analysis

• 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
• ZF Friedrichshafen AG