Global Automotive In-Vehicle Payment Market 2019-2027: Analysis Of Industry Insights, Market Share, Size, Benchmark, Market Drivers & Restraints And Forecast.

Maximize Market Research has recently published a “Global Automotive In-Vehicle Payment Market 2019 Industry Research Report. It is comprehensive analysis of past and current status Automotive In-Vehicle Payment Market’with the forecast till 2027. The report covers the past market from 2017 to 2019 and forecast of 2020 to 2027 with key developments, key trends, M&A activities by value and their strategic intents. The report has analysed complex data and presented in simple format to make it easlier to understand.The Market structure presented in the report gives detailed analysis of market leaders, followers and new entrants by region. Glance at couple of slides will give an idea about the market structure with the market share commanded by leaders, followers and unconsolidated/local but important players.

 

Request For View Sample Automotive In-Vehicle Payment Market Report Page : https://www.maximizemarketresearch.com/request-sample/81174/

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.

The government in several region supporting the in-vehicle payment using RFID technology at toll plaza, parking, and other government application. The RFID tags provides access control, vehicle identification, and vehicle tracking, which increases the vehicle security. Growing digitalization and technological development of RFID, is expected to propel the market growth at XX% in the forecasted period. The detailed analysis of RFID segment with vehicle type, market size, region, along with government regulation are covered in the report.

Global Automotive In-Vehicle Payment Market

The application segment is divided into Fuel Stations, Parking Spaces, Electric Charging Stations, Toll Booths, and Other Applications.

The inclusion of smart devices and internet access in the vehicle creating enormous opportunities for the payment service provider to offer smart solutions to their customers. The vehicle owner uses the in-vehicle payment service in various applications. The toll booth segment has dominance in the market as it uses RFID tags to collect tolls and also serves the purpose of vehicle tracking. Which reduces accountability and reduces the labor cost at the toll booth. Several car rentals and car leasing service provider uses the toll data for better tracking of their vehicles. Several governments make RFID mandatory in vehicles for the toll collection and tracking of vehicles. Growing digitalization in vehicle and transport technology is majorly driving the market.

Global Automotive In-Vehicle Payment Market1

Global Automotive In-Vehicle Payment Market

Regional Insights:

Global Automotive In-Vehicle Payment Market2

Asia Pacific is expected to register the highest growthof xx% CAGR in 2019-2027.

The Asia Pacific region is leading the growth in the automotive in-vehicle payment system market, thanks to the increasing number of vehicle production and consumers. Several countries in the region introduced electronic toll collection system, which is expected to drive the adoption of in-vehicle payment technology. India has launched a one nation one tag scheme, which mandates to all four-wheelers must be enabled with the FASTag (RFID tag) from January 1, 2021. In China, RFID chips are mandatory for all new four-wheelers starting from 2019. The government initiatives are expected to propel the market growth in the forecasted period.

The North American in-vehicle payment market is growing through payments services across connected service platform.

The growth in autonomous vehicle and connected vehicle are driving the market in the forecast period. The North America commands about XX% of the market share in the global automotive in-vehicle payment service market. Increasing implementation of services at the food plaza, fuel station, parking station is creating demand for automotive in-vehicle payment service, as the customers enjoy the flexibility of paying from their mobile devices through mobile wallets and on-demand services. The detailed analysis of the region is covered in the report with key insights, size, and share of the market according to countries & key players operating in the market.

The objective of the report is to present a comprehensive analysis of the Global Automotive In-Vehicle Payment Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Automotive In-Vehicle Payment Market dynamics, structure by analyzing the market segments and project Global Automotive In-Vehicle Payment Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automotive In-Vehicle Payment Market the report investor’s guide.
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

PORTER, SVOR, PESTEL analysis by region is covered for the companies or individual investors who are looking at specific market for expansion or entry. Micro as well as Macro economic factors are analysed to understand its impact on market growth and key player’s top lines.
The report also helps in comprehending the Automotive In-Vehicle Payment dynamics, structure by analysing the industry segments and project the Automotive In-Vehicle Payment Market size. To stand apart, the clear representation of competitive analysis of key market players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Automotive In-Vehicle Payment Market make the report investor’s guide.
Additionally, the Automotive In-Vehicle Payment market report 2019 – 2027, gives the competitive landscape of the global industry by region, key players products and services benchmarking, market domination by segment, pricing and end user penetration, investment in R&D and patents. Couple of slides will give the complete competitive landscape of the industry.

SWOT analysis of player will give a detailed strategic input about the key players in industry by region. Experienced research analysts in the field are following the key players that are profiled in the Automotive In-Vehicle Payment report that are considered while estimating the market size. Research analyst working in the field for more than ten years, give them advantage to follow same market for years and have become seasoned consultants in the Automotive In-Vehicle Payment industry.

Do Inquiry Before Purchasing Market Automotive In-Vehicle Payment Report Here : https://www.maximizemarketresearch.com/inquiry-before-buying/81174/

Table of Contents

  1. Automotive In-Vehicle Payment Company Profiles and Sales Data: Company/Manufacturers Basic Information, Manufacturing Base and Competitors, Automotive In-Vehicle Payment Product Category, Application and Specification, Automotive In-Vehicle Payment Manufacturers Sales, Revenue, Price and Gross Margin(2017-2019) and Main Business Overview
  2. Marketing Strategy Analysis, Distributors
  3. Research Findings and Conclusion
  4. Methodology/Research Approach

Browse Complete Automotive In-Vehicle Payment Report details with ToC and List Of Figures Here: https://www.maximizemarketresearch.com/market-report/global-automotive-in-vehicle-payment-market/81174/

About Us:
Maximize Market Research has served esteemed clients including Yamaha, Boeing, Sensata, Etnyre, Canada, ALCOR M&A, Microsoft, Harman, and other 200 MNCs worldwide. The Company provides B2B and B2C market research on 5000 high growth emerging technologies & opportunities in Transportation, Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
We, at Maximize Market Research, are a strong unified team of industry specialists and analysts across sectors to ensure entire Industry ecosystem is taken in perspective, factoring all recent development, latest trends and futuristic – the technological impact of uniquely specific industries. In line with the agreed scope and objective of the study, our approach is uniquely custom detailed

Contact Us:
Maximize Market Research Pvt ltd
Phone: +91 9607195908 / +1 7747752163
Email: sales@maximizemarketresearch.com

Website: www.maximizemarketresearch.com

 

Comments are closed