The connected vehicle's market is growing at a rapid pace. Tech-savvy auto manufacturers are already pivoting with advanced dashboard systems offering a vast selection of app integration features, driving assistance and safety. In-car payments are among one of those advanced dashboard features. In-vehicle payment technology can be enabled with the help of long-range radio frequency identification (RFID) tags or by embedded BLE hardware modules that can transmit data at a higher range or with Bluetooth or NFC protocols. This newer Human Machine Interface (HMI) trends in automotive enable drivers/passengers do smart payment at fuel pumps, parking, and toll gates without pulling out any cards or devices that save time and help them in getting to a destination more conveniently and efficiently. As connectivity solutions become more and more integrated into the vehicles, the in-vehicle connectivity and telematics-based systems have led to technological enrichment like in-vehicle payment systems have enhances the overall in-vehicle experience for both passengers and drivers. In-vehicle payment systems offer numerous benefits such as pay-at-the-pump, voice shopping, smart parking, car rental experience, automated repair payments and so on, the complexity of the system required to manage these features has also increased. However, owing to the growing demand for comfort, luxury, and convenience in-vehicle environment, this demand further expected to boost the growth of in-vehicle payment systems over the forecast period. On the other hand, complexity and high-cost installation are among the key factors that restrict the growth of the in-vehicle payment systems market. Percentage of Connected Cars in Yearly, Global by Volume (2013-2020) Insights Presented in the Report Based on connectivity, the market is fragmented into 3G, 4G, 5G, Wi-Fi, Bluetooth, and NFC. Bluetooth and NFC share several features, both being forms of wireless communication between devices over short distances and can be used as in-vehicle payment systems

Based on the form factor, the market is segmented into Embedded, Tethered and Integrated System. These solutions are complemented by wide-ranging capabilities in automotive design and styling, development, validation, testing and system integration offering better driving experience in safety and reliability

Based on vehicle type, the market is bifurcated into Passenger cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs) and Automated Guided Vehicles. Owing to the benefits that the in-vehicle payment systems offer in terms of luxury, comfort, and convenience, sales of these high-end vehicles certainly supplement boost the market

Based on the application, the market is bifurcated into Parking Management, Toll Collection, and Drive-through Purchasing. Paying toll tax has always been a hassle, with embedded long-range radio frequency identification either on a vehicle’s license plate and/or a windshield label, a vehicle can pass through these toll roads smoothly while toll tax will be deducted automatically from the car owner’s account

For better understanding on the market dynamics of in-vehicle payment systems market, detailed analysis was conducted for different countries in the region including North America (United States, Canada and Rest of North America), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), and Rest of the World

in-vehicle payment systems Some of the major players operating in the market include General Motors Co, Audi AG, BMW Group, Daimler AG (Mercedes-Benz), Ford Motor Company, Tesla Inc., IBM Corporation, Mastercard Inc., Visa, Inc., and Alphabet Inc. among others Reasons to buy this report: The study includes market sizing and forecasting analysis validated by authenticated key industry experts

The report presents a quick review of overall industry performance at one glance

The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments

Detailed examination of drivers, restraints, key trends and opportunities prevailing in the industry

Examination of industry attractiveness with the help of Porter’s Five Forces analysis

The study comprehensively covers the market across different segments

Deep dive regional level analysis of the industry Customization Options: In-Vehicle Payment Systems Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

CHAPTER 1 MARKET INTRODUCTION 1.1 Market Definition 1.2 Objective of the Study 1.3 Limitation 1.4 Stakeholders 1.5 Currency used in the Report 1.6 Scope of the Report CHAPTER 2 RESEARCH METHODOLOGY OR ASSUMPTION 2.1 Research Methodology for In-Vehicle Payment Systems Market Study 2.1.1 Main objective of the In-Vehicle Payment Systems Market Study CHAPTER 3 REGULATORY FRAMEWORK CHAPTER 4 INDUSTRY AT A GLANCE CHAPTER 5 EXECUTIVE SUMMARY CHAPTER 6 MARKET OVERVIEW 6.1 Introduction 6.2 Market Drivers 6.2.1 FinTech in Automotive (Integration of Payment Technologies in Automotive) 6.2.2 Rising Demand for Smartphone Integration 6.2.3 Increasing Innovation in OS 6.3 Market Restraints 6.3.1 Data Security Concerns 6.3.2 Complex & Expensive Features 6.3.3 Lack of Supporting Infrastructure 6.4 Market Opportunities 6.4.1 Intelligent Transportation System (Autonomous Vehicles) 6.4.2 Evolution of the New Value Chain Ecosystem of the Automotive Industry 6.5 Factor Analysis (Demand & Supply) 6.5.1 Demand Side Analysis 6.5.2 Supply Side Analysis 6.5.2.1 Top Partnerships 6.5.2.2 Top Mergers& Acquisitions 6.5.2.3 Top Funding 6.5.2.4 Top Business Expansions 6.5.2.5 Top Product Launches 6.5.2.6 Top Start ups 6.6 Value Chain Analysis CHAPTER 7 MARKET INSIGHTS, BY CONNECTIVITY (US$) 7.1 General Introduction 7.1.1 3G 7.1.2 4G 7.1.3 5G 7.1.4 Wi-Fi 7.1.5 Bluetooth 7.1.6 NFC CHAPTER 8 MARKET INSIGHTS, BY FORM FACTOR (US$) 8.1 General Introduction 8.1.1 Embedded System 8.1.2 Tethered System 8.1.3 Integrated System CHAPTER 9 MARKET INSIGHTS, BY VEHICLE TYPE (US$) 9.1 General Introduction 9.1.1 Passenger cars 9.1.2 Light Commercial Vehicles (LCVs) 9.1.3 Heavy Commercial Vehicles (HCVs) 9.1.4 Automated Guided Vehicles CHAPTER 10 MARKET INSIGHTS, BY APPLICATION (US$) 10.1 General Introduction 10.1.1 Parking Management 10.1.2 Toll Collection 10.1.3 Drive-through Purchasing CHAPTER 11 MARKET INSIGHTS, BY REGION 11.1 North America In-Vehicle Payment Systems Market 11.1.1 United States 11.1.2 Canada 11.3.3 Rest of North America 11.2 Europe In-Vehicle Payment Systems Market 11.2.1 Germany 11.2.2 United Kingdom 11.2.3 France 11.2.4 Italy 11.2.5 Spain 11.2.6 Rest of Europe 11.3 Asia-Pacific In-Vehicle Payment Systems Market 11.3.1 China 11.3.2 Japan 11.3.3 India 11.3.4 South Korea 11.3.5 Rest of APAC 11.4 Rest of the World In-Vehicle Payment Systems Market CHAPTER 12 COMPETITIVE SCENARIO 12.1 Porter’s Five forces analysis 12.1.1 Bargaining power of Buyer 12.1.2 Bargaining power of Supplier 12.1.3 Threat of new entrants 12.1.4 Availability of Substitute 12.1.5 Industry Rivalry 12.2 Market Share Analysis, by Company, 2018 12.2.1 Global In-Vehicle Payment Systems Market Share of Major Players, 2018 CHAPTER 13 TOP 10 COMPANY PROFILES 13.1 General Motors Co 13.1.1 Key Facts 13.1.2 Business Description 13.1.3 Key Product/Application Offerings 13.1.4 SWOT Analysis 13.1.5 Key Financials 13.1.5.1 Revenue Split by Region 13.1.5.2 Revenue Split by Products 13.1.6 Recent developments 13.1.6.1 Product Launches 13.1.6.2 Strategic Alliance 13.1.6.3 Business Expansion 13.1.6.4 Merger & Acquisition 13.2 Audi AG 13.3 BMW Group 13.4 Daimler AG (Mercedes-Benz) 13.5 Ford Motor Company 13.6 Tesla Inc. 13.7 IBM Corporation 13.8 Mastercard Inc. 13.9 Visa, Inc. 13.10 Alphabet Inc. Note: Information Related to financials and product-specific recent development would depend on data availability. Also, this is a tentative table of content and can be changed as per your requirement

Analyzing historical market, estimation of the current market and forecasting the future market for the In-Vehicle Payment Systems Market will be based on the three major steps undertaken to create and analyze the adoption trend of the in-vehicle payment systems market across various industry verticals in the different region around the globe. Exhaustive secondary research would also be conducted to collect the historical market numbers to estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions would be taken into consideration. Moreover, exhaustive primary interviews would also be conducted with industry experts across the value chain of the in-vehicle payment systems market. Post assumption and validation of market numbers through primary interviews, the bottom-up approach will be employed to forecast the complete market size of the in-vehicle payment systems market. Thereafter, market breakdown and data triangulation methods would be adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below: Analysis of Historical Market Size Step 1: In-Depth Study of Secondary Sources: Detail secondary study would be conducted to obtain the historical market size of the in-vehicle payment systems market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database and other credible publications. Step 2: Market Segmentation: After obtaining the historical market size of the in-vehicle payment systems market, a detailed secondary analysis would be conducted to gather historical market insights and share for different segments & sub-segments for major regions across the world. Major segments included in the report as connectivity, form factor, vehicle type, and application. Further analysis would also be done for different countries to analyze the overall adoption of the in-vehicle payment systems in that particular country. Step 3: Factor Analysis: After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the in-vehicle payment systems market. Factor analysis would be conducted using dependent and independent variables such as increasing preference for hassle-free, secure, transparent payments at tolls, parking, and pumps, growing demand for luxury, convenience, and comfort in-vehicle environment and integration of payment technologies into automotive products. The demand and supply-side scenario would also be thoroughly studied by considering top partnerships, merger and acquisition, business expansion, product launches and analyzing the list of start-ups in the in-vehicle payment systems across the globe. Current Market Size Estimate & Forecast Current Market Sizing: Based on actionable insights from the above 3 steps, we would arrive at the current market size, key players in the in-vehicle payment systems market and market shares of these players. All the required percentage shares split, and market breakdowns would be determined using the above-mentioned secondary approach and will be verified through primary interviews. Estimation & Forecasting: For market estimation and forecast, weight would be assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up approach would be applied to arrive at the market forecast pertaining to 2026 for different segments and sub-segments across the different regions of the world. The research methodology adopted to estimate the market size encompasses: The industry’s market size, in terms of value (US$) and penetration rate of in-vehicle payment systems across the major regions

All percentage shares, splits, and breakdowns of market segments and sub-segments

Key players in the in-vehicle payment systems market in terms of the services offered as well as market share. Also, the growth strategies adopted by these players to compete in the fast-growing market Market Size and Share Validation Primary Research: In-depth interviews would be conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings will then be summarized, and statistical analysis would be performed to prove the stated hypothesis. Inputs from primary research would be consolidated with secondary findings, hence turning information into actionable insights. Split of Primary Participants in Different Regions Market Engineering Data triangulation technique would be employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment pertaining to the in-vehicle payment systems market globally. Data will split into several segments & sub-segments post studying various parameters and trends in the areas of connectivity, form factor, vehicle type and application of the in-vehicle payment systems market. Main objective of the In-Vehicle Payment Systems Market Study The current & future market trends of the in-vehicle payment systems would be pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include: Analyze the current and forecast market size of the in-vehicle payment systems in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments

Segments in the study include connectivity, form factor, vehicle type and application

Define and analysis of the regulatory framework for in-vehicle payment systems

Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors pertaining to the industry

Analyze the current and forecast market size of the in-vehicle payment systems market for the major regions. Major regions studied in the report include North America, Europe, Asia-Pacific and Rest of the World. Country-level analysis is also conducted in the report

Define and analyze the competitive landscape of the in-vehicle payment systems market and the growth strategies adopted by the market players to sustain in the fast-growing market

Analyzing historical market, estimation of the current market and forecasting the future market for the In-Vehicle Payment Systems Market will be based on the three major steps undertaken to create and analyze the adoption trend of the in-vehicle payment systems market across various industry verticals in the different region around the globe. Exhaustive secondary research would also be conducted to collect the historical market numbers to estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions would be taken into consideration. Moreover, exhaustive primary interviews would also be conducted with industry experts across the value chain of the in-vehicle payment systems market. Post assumption and validation of market numbers through primary interviews, the bottom-up approach will be employed to forecast the complete market size of the in-vehicle payment systems market. Thereafter, market breakdown and data triangulation methods would be adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below: Analysis of Historical Market Size Step 1: In-Depth Study of Secondary Sources: Detail secondary study would be conducted to obtain the historical market size of the in-vehicle payment systems market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database and other credible publications. Step 2: Market Segmentation: After obtaining the historical market size of the in-vehicle payment systems market, a detailed secondary analysis would be conducted to gather historical market insights and share for different segments & sub-segments for major regions across the world. Major segments included in the report as connectivity, form factor, vehicle type, and application. Further analysis would also be done for different countries to analyze the overall adoption of the in-vehicle payment systems in that particular country. Step 3: Factor Analysis: After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the in-vehicle payment systems market. Factor analysis would be conducted using dependent and independent variables such as increasing preference for hassle-free, secure, transparent payments at tolls, parking, and pumps, growing demand for luxury, convenience, and comfort in-vehicle environment and integration of payment technologies into automotive products. The demand and supply-side scenario would also be thoroughly studied by considering top partnerships, merger and acquisition, business expansion, product launches and analyzing the list of start-ups in the in-vehicle payment systems across the globe. Current Market Size Estimate & Forecast Current Market Sizing: Based on actionable insights from the above 3 steps, we would arrive at the current market size, key players in the in-vehicle payment systems market and market shares of these players. All the required percentage shares split, and market breakdowns would be determined using the above-mentioned secondary approach and will be verified through primary interviews. Estimation & Forecasting: For market estimation and forecast, weight would be assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up approach would be applied to arrive at the market forecast pertaining to 2026 for different segments and sub-segments across the different regions of the world. The research methodology adopted to estimate the market size encompasses: The industry’s market size, in terms of value (US$) and penetration rate of in-vehicle payment systems across the major regions

All percentage shares, splits, and breakdowns of market segments and sub-segments

Key players in the in-vehicle payment systems market in terms of the services offered as well as market share. Also, the growth strategies adopted by these players to compete in the fast-growing market Market Size and Share Validation Primary Research: In-depth interviews would be conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings will then be summarized, and statistical analysis would be performed to prove the stated hypothesis. Inputs from primary research would be consolidated with secondary findings, hence turning information into actionable insights. Split of Primary Participants in Different Regions Market Engineering Data triangulation technique would be employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment pertaining to the in-vehicle payment systems market globally. Data will split into several segments & sub-segments post studying various parameters and trends in the areas of connectivity, form factor, vehicle type and application of the in-vehicle payment systems market. Main objective of the In-Vehicle Payment Systems Market Study The current & future market trends of the in-vehicle payment systems would be pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include: Analyze the current and forecast market size of the in-vehicle payment systems in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments

Segments in the study include connectivity, form factor, vehicle type and application

Define and analysis of the regulatory framework for in-vehicle payment systems

Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors pertaining to the industry

Analyze the current and forecast market size of the in-vehicle payment systems market for the major regions. Major regions studied in the report include North America, Europe, Asia-Pacific and Rest of the World. Country-level analysis is also conducted in the report

Define and analyze the competitive landscape of the in-vehicle payment systems market and the growth strategies adopted by the market players to sustain in the fast-growing market