The global in-vehicle payment services market size was estimated at USD 1.96 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 19% from 2021 to 2027.
In-vehicle payment service refers to a vehicle system with built-in payment technology that helps drivers confirm and complete purchases at various retailers such as fuel pumps, smart parking, and toll gates. With in-vehicle payment service, passengers can make purchases from the car dashboard without having to take out a card or device, saving the driver’s time and making it safer, faster and more efficient to get to their destination.
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Company Profiles
• BMW AG
• Honda Motor Co. Ltd.
• Hyundai Motor Co.
• Ford Motor
• General Motors
• Jaguar Land Rover Automotive Plc
A full report of In-Vehicle Payment Services Market available at: https://www.orionmarketreports.com/in-vehicle-payment-services-market/52086/
In-Vehicle Payment Services Market – Segmentation
By Vehicle Types
• Passenger cars
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)
• Automated Guided Vehicles
By Form Factor
• Embedded System
• Tethered System
• Integrated System
By Connectivity
• 3G
• 4G
• 5G
• Wi-Fi
• Bluetooth
• NFC
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