In-vehicle Payments: Market Forecasts, Opportunities & Challenges 2021-2026

• Market Dynamics: This provides a detailed assessment of how the in-vehicle payments market is evolving, leading use cases and their role in future growth.
• Segment Analysis: Future outlook and comprehensive analysis for segments where in‑vehicle payments are being deployed, including the following areas:
  • Fuelling/EV Charging
  • Smart Parking
  • Automated Toll Payments
  • Other (Coffee, Fast Food, etc)
• Juniper Research Competitor Leaderboard:  Key player capability and capacity assessment for 16 in-vehicle payment vendors:
  • Amazon
  • Bosch
  • CarPay-Diem
  • Cerence
  • Connected Car Commerce Alliance
  • Daimler
  • Harman
  • Mastercard
  • P97 Networks
  • Ryd
  • Stellantis
  • Telenav
  • VISA
  • Volkswagen Payments SA
  • Worldline
  • Xevo
• Benchmark Industry Forecasts: Forecasts for in-vehicle payments users, transaction volume and value, each segment forecasted separately for commercial and consumer in‑vehicle payments, as well as splits by our 8 key regions and the 25 countries listed below:
  • Argentina
  • Australia
  • Brazil
  • Canada
  • China
  • Colombia
  • Denmark
  • France
  • Germany
  • India
  • Italy
  • Japan
  • Mexico
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Saudi Arabia
  • Singapore
  • South Africa
  • South Korea
  • Spain
  • Sweden
  • UK
  • US

1. What are the regional differences in how in-vehicle payments are rolling out across the world?
2. What are the key trends and challenges influencing the evolution of the market?
3. Who are the leading players for in-vehicle payments in 2021?
4. What will be the market size in 2026?
5. Which segment will lead the in-vehicle market over the next 5 years?

Case Studied: Amazon, Audi, General Motors, Parkopedia.
 
Included in the Juniper Research Leaderboard: Amazon, Bosch, CarPay-Diem, Cerence, Connected Car Commerce Alliance, Daimler, Harman, Mastercard, P97 Networks, Ryd, Stellantis, Telenav, Visa, Volkswagen Payments SA, Worldline, Xevo.
 
Mentioned: Abarth, Accenture, Aitheon, AKG, Alfa, Alltown, American Express, Apple, Applebee, Aquantia, Arcam, Bang & Olufsen, Automotive, Bank of America, Becker, Belfius, Belgian Bank, BIL, BlackBerry, BMW, BP, BSS Audio, Capra Consulting, CarIQ, CenNavi, Chrysler, Citroën, Colryut, Continental, Crown, DATS 24, dbx, DigiTech, Discover, Dodge, Domino’s, DS, Dunkin’ Donuts, Edenred, Emerald Technology Ventures, Esso, Exxon, Fiat, Fiserv, Ford SumUp, Fuel Rewards , General Motors, Gentex, Gilbarco Veeder‑Root, Google, GS Caltex, Gulf, Here, Honda, Hyundai, Infinity, InTouch, IPS Group, Inc, Jaguar Land Rover, JCB, Jeep, JPMorgan, Lancia, Lear Corporation, Lexicon, Lexus, LG U+, Lukokoil, Mark Levinson, Martin, Maserati, Mercedes-Benz, Microsoft, Mobil, Mojio, Mopar, NAV (Autonomous Vehicle Alliance), NavInfo Group, NCR, Nvidia, OnStar Go, Opel, OrbisTech, OwiN, Park Whiz, PayByCar, PayPal, Petro-Canada, Peugeot, Ram, Revel, Romeo, SAIC, Samsung, Shell, Shinhan Capital, Shinhan Card Co Ltd, Sionic Mobile, SiriusXM Connected Vehicles Services, Soundcraft, Studer, SumUp, Suncor, Tantalum Corporation, Target, Texaco, ThinxNet, Total, Toyota, Vauxhall, Verifone, Wayne Fuelling Systems, Wingstop, Worldpay, Xpeng, Yelp Reservations.
 

Juniper Research’s In-vehicle Payments forecast suite includes:

• Forecast splits by consumer vs commercial, as well as by fuelling/charging, smart parking, automated toll collection and other:
  • Total In-vehicle Payments Users
  • Total Volume & Value of Payments via In-vehicle Payments
• Interactive scenario tool allowing users to manipulate Juniper Research’s data for 5 different metrics.
• Access to the full set of forecast data of 89 tables and more than 21,000 datapoints.

Geographical splits: 25 countries

Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables, overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and get alerted whenever your data is updated.

Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the Interactive Scenario Tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.

The global transaction volume of in-vehicle payments will exceed 4.7 billion by 2026, up from just 87 million in 2021. In-vehicle payments are those where payments are made via vehicle systems, without requiring the use of a smartphone to process the transaction.

• This extraordinary growth of over 5,300% in the next five years will be driven by increasing industry collaboration and initiatives from vehicle manufacturers, aimed at reducing the high level of fragmentation between different in-vehicle marketplaces. Payments vendors will need to quickly develop new capabilities in order to capitalise on this growing opportunity. As a result, we anticipate the rate of acquisitions and partnerships to intensify to meet these urgent requirements.
• North America will have the largest in-vehicle payments share of transactions by volume; accounting for 42% of all transactions globally by 2026. The growth is driven by a large installed base of payment-enabled vehicles and a high level of partnerships in place. The recent collaboration between industry participants in North America will be beneficial in overcoming fragmentation and incentivising user adoption through rewards and loyalty schemes over the next five years.
• The research found that vehicle fuelling will be the most common use case over the next five years; accounting for around 48% of total in-vehicle payment transactions by volume. This growth is being seen as the natural progression for fuel payments, which have evolved from cash to card payments, then to smartphone payments, and now to in-vehicle payments.