Report Overview

Juniper Research’s new In-vehicle Payments research report provides insightful analysis of the evolution of this new area; assessing the use cases driving growth, their future prospects, and challenges to future market growth.

It provides a comprehensive study of the new partnerships and key trends driving this highly important market for users, payment providers and vehicle manufacturers. The report also positions 16 in-vehicle payment vendors via our Juniper Research Competitor Leaderboard; providing an invaluable resource for stakeholders seeking to understand the vendor landscape in the market.

The report also presents comprehensive market forecasts; delivering extensive insights and overall market sizing for both commercial and consumer vehicles.

This research suite comprises:

  • Strategy & Forecasts (PDF)
  • 5-year Market Sizing & Forecast Spreadsheet (Excel)
  • 12 months' access to harvest Online Data Platform
Key Market Statistics
Market size in 2021: $1.6bn
Market size in 2026: $86.9bn
2021 to 2026 CAGR: 133.32%

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Key Features

  • 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

Key Questions Answered

  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?

Companies Referenced

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.
 

Data & Interactive Forecast

Juniper Research’s In-vehicle Payments forecast suite includes:
  • Forecast splits for 8 key regions, as well as 25 country-level data splits for:
    • 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
  • 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.
Juniper Research’s highly granular IFxls (interactive Excels) enable clients to manipulate our forecast data and charts to test their own assumptions, by using the interactive scenario tool, and compare select markets side by side in customised charts and tables. IFxls greatly increase the clients’ ability to both understand a particular market and to integrate their own views into the model.
 

Forecast Summary

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.

In-vehicle Payments Reports

Date
Price

Full Research Suite

  • Market trends, strategies and forecasts report (pdf)
  • Market data & forecasts - All topic data and interactivity (xls)
  • harvest market data platform (12 months’ online access)  - find out more

Click here for more information and purchase options

Nov 2021

$3947

€3588

£2990

PDF Report & Excel

  • Market trends, strategies and forecasts report (pdf)
  • Market data & forecasts - All topic data and interactivity (xls)

Click here for more information and purchase options

Nov 2021

$2970

€2700

£2250

Research FAQs

How large is the in-vehicle payment market?
What growth has been seen in the in-vehicle payment market?
What are the in-vehicle payment market trends?

Research Details

Publisher:
Juniper Research
Published:
15/11/2021
Author(s):
Harshada Thok
Category:
Fintech & Payments
Regions:
8 Key Regions - includes North America, Latin America, West Europe, Central & East Europe, Far East & China, Indian Subcontinent, Rest of Asia Pacific and Africa & Middle East
Countries:
Argentina, Australia, Brazil, Canada, China, Colombia, Denmark, France, Germany, India, Italy, Japan, South Korea, Mexico, Netherlands, Norway, Poland, Portugal, Saudi Arabia, Singapore, South Africa, Spain, Sweden, UK, USA