Global Automotive In-Vehicle Payment Market 2019-2027

January 22, 2021
Akashy

Global Automotive in-Vehicle Payment Market report covers the business areas like the Internet on Vehicle (IoV), freight delivery, shipping, automated toll collection, smart parking, and many others. The report provides detailed analysis of applications and key strategies in the market with driving and restraining factors. It identifies the top key players in the markets with details of existing strategies, profiles, and recent development. The report also covers market opportunities analysis to improve business performance according to market trends.

Several OEMs and payment service providers have collaborated for the expansion and development of in-vehicle payment services to revolutionize the traveling experience. In 2019, Visa and SiriusXM Connected collaborated to offer in-vehicle payment through SiriusXM e-wallet services. This service is broadly adopted by the connected service platform in North America. Visa and SiriusXM are developing a voice-assisted in-car payment system to enhance the in-vehicle payment service experience.

The technology used in the automotive in-vehicle payment service is segmented into Long Range Radio Frequency Identification (RFID) and Bluetooth Low Energy (BLE).

Long Range Radio Frequency Identification (RFID) has dominance in the market and is expected to maintain its dominance in the forecast period.

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Global Automotive In-Vehicle Payment Market, by Application

• Fuel Stations
• Parking Spaces
• Electric Charging Stations
• Toll Booths
• Other Applications
Global Automotive In-Vehicle Payment Market, by Technology Type

• Long Range Radio Frequency Identification (RFID)
• Bluetooth Low Energy (BLE)
Global Automotive In-Vehicle Payment Market, by Component Type

• ECU
• Code Scanner
• Camera
Global Automotive In-Vehicle Payment Market, by Vehicle Type

• Passenger vehicles
• Commercial vehicles
Global Automotive In-Vehicle Payment Market, by Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Global Automotive In-Vehicle Payment Market

• BMW AG
• Daimler AG
• Ford Motor Co.
• General Motors
• Honda Motor Co. Ltd.
• Hyundai Motor Co.
• Jaguar Land Rover Automotive PLC
• Volkswagen AG
• ZF Friedrichshafen AG
• Google
• Amazon
• Visa
• MasterCard
• PayPal

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