Global In-vehicle Payment Services Market 2017-2021

  • ID: 4438562
  • Report
  • Region: Global
  • 71 pages
  • TechNavio
1 of 5

FEATURED COMPANIES

  • Alibaba + SAIC
  • Amazon + Ford Motor
  • BMW
  • Daimler
  • GM + MasterCard + IBM
  • Hyundai + Google
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

About In-vehicle Payment Services

Continuous advances in the connected vehicle technologies and IoT has led to the movement of mobile wallets to the dashboards as OEMs are now partnering with the card networks and various retailers to equip their vehicle offerings with in-vehicle payment technology. This technology enables the driver to pay for certain services and products without even having to get down from the car, which include payment for parking services, fuel, various drive-thru restaurants, and many others. In addition, tech giants such as Amazon and Google are bringing their popular voice assistants in vehicles, which further facilitates the driver to buy products while they are behind the wheels.

The analysts forecast the global in-vehicle payment services market to grow at a CAGR of 195.39% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global in-vehicle payment services market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global In-vehicle Payment Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Jaguar Land Rover + Royal Dutch Shell
  • Honda Motor + Visa + IPS Group + Gilbarco Veeder-Root
  • GM + MasterCard + IBM
Other prominent vendors
  • Amazon + Ford Motor
  • Volkswagen
  • Daimler
  • Hyundai + Google
  • BMW
  • Alibaba + SAIC
Market drivers
  • High correlation between consumer electronics and connected car solutions
  • For a full, detailed list, view the full report
Market challenges
  • Design complexity and technological challenges
  • For a full, detailed list, view the full report
Market trends
  • Increasing demand for mobile device-based payment services
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Alibaba + SAIC
  • Amazon + Ford Motor
  • BMW
  • Daimler
  • GM + MasterCard + IBM
  • Hyundai + Google
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Connected cars technology
  • Opportunities for service providers
  • In-vehicle payment services - Overview
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Value chain analysis
  • Five forces analysis
PART 06: Geographical segmentation
  • Global in-vehicle payment services market by geography
  • In-vehicle payment services market in EMEA
  • In-vehicle payment services market in Americas
  • In-vehicle payment services market in APAC
PART 07: Decision framework

PART 08: Drivers and challenges
  • Market drivers
  • Market challenges
PART 09: Market trends
  • Increasing demand for mobile device-based payment services
  • Rising demand for smartphone integration
  • Increasing innovation in OS
PART 10: Vendor landscape
  • Competitive benchmarking
  • Other prominent vendors
PART 11: Key vendor analysis
  • Jaguar Land Rover + Royal Dutch Shell
  • Honda Motor + Visa + IPS Group + Gilbarco Veeder-Root
  • GM + MasterCard + IBM
PART 12: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Growth of automotive infotainment system
Exhibit 02: Growth opportunities for service providers
Exhibit 03: Global in-vehicle payment services market: Overview
Exhibit 04: Global in-vehicle payment services market 2016-2021 (million units)
Exhibit 05: Value chain representation of global in-vehicle payment services market
Exhibit 06: Five forces analysis
Exhibit 07: Global in-vehicle payment services market by geography 2017 and 2021 (% share)
Exhibit 08: Global in-vehicle payment services market by geography 2017-2021 (% share)
Exhibit 09: In-vehicle payment services market in EMEA 2016-2021 (million units)
Exhibit 10: In-vehicle payment services market in Americas 2016-2021 (million units)
Exhibit 11: In-vehicle payment services market in APAC 2016-2021 (million units)
Exhibit 12: Automotive infotainment software platforms
Exhibit 13: Other prominent vendors
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Alibaba + SAIC
  • Amazon + Ford Motor
  • BMW
  • Daimler
  • GM + MasterCard + IBM
  • Hyundai + Google
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: - Global In-vehicle Payment Services Market 2017-2021

The author of the report recognizes the following companies as the key players in the Global In-vehicle Payment Services Market 2017-2021: Jaguar Land Rover + Royal Dutch Shell, Honda Motor + Visa + IPS Group + Gilbarco Veeder-Root, and GM + MasterCard + IBM.

Other Prominent Vendors in the market are: Amazon + Ford Motor, Volkswagen, Daimler, Hyundai + Google, BMW, and Alibaba + SAIC.

Commenting on the report, an analyst from the research team said: “One trend in the market is increasing demand for mobile device-based payment services. Smartphones have evolved from being just texting machines to mini-computers, personal assistants, and virtual shopping carts. With the rapid advance of technologies, smartphones have become an essential part of how people lead their lives. Technologies such as mobile wallets, on-demand apps, digital assistants, and enhanced connectivity through Bluetooth and near-field communications have transformed the way consumers interact and rely on their smartphones.”

According to the report, one driver in the market is high correlation between consumer electronics and connected car solutions. Economies of scale play an important role in today’s market to leverage the use of technology. For instance, the adoption rate of smartphones across the world increased significantly in the past 4-5 years owing to the decline in their price, and this was fueled by the advantage of economies of scale that the manufacturers gained by increasing the production. Hardware cost remains a primary consideration for automotive OEMs, and by keeping a close eye on consumer electronics, they can adopt new technology in a cost-effective manner. Basically, when any technology is adapted in the consumer electronics segment, its volume grows and that results in the decline of prices in the market.

Further, the report states that one challenge in the market is Design complexity and technological challenges. Vendors and suppliers are facing a challenge in terms of designing a user interface that is affordable, less distracting, simple, and accessible. As connectivity solutions become more and more integrated into the vehicles, the complexity of the system required to manage these features has also increased. Technological advances, an immense range of features, and diverse connectivity options have made telematics and infotainment systems highly sophisticated. The automotive segment has seen the adoption transformation from radio/audio systems in the early years to the advanced driver assistance systems in the recent years and is on-course toward fully autonomous vehicles which will further add to the sophistication.

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 a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 5
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

  • Jaguar Land Rover + Royal Dutch Shell
  • Honda Motor + Visa + IPS Group + Gilbarco Veeder-Root
  • GM + MasterCard + IBM
  • Amazon + Ford Motor
  • Volkswagen
  • Daimler
  • Hyundai + Google
  • BMW
  • Alibaba + SAIC
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll