Car manufacturers in Europe are forming partnerships with payment companies and non-traditional players to integrate in-car payments into the driving experience
Europe's automotive industry is undergoing a significant transformation as car owners increasingly adopt in-car payments for services
Europe's automotive industry is witnessing a remarkable shift as car owners increasingly embrace in-car payments for various services. Car manufacturers are quickly integrating cutting-edge voice assistant technology to enable hassle-free ordering and payment for drive-through services and coffee runs. Toll payment is also experiencing significant changes, with the European Electronic Toll Service facilitating seamless communication and integrating preferred payment methods. In-car payments, particularly for parking, are becoming a reality, with Apcoa offering contactless parking payment services in 13 European countries through the car's infotainment screen.
Car manufacturers in Europe are partnering with payment companies and non-traditional players, like car parks and gas stations, to make in-car payments an integral part of the driving experience. For instance, Mercedes Benz Group and Visa collaborated to introduce MercedesPay, allowing in-car parking payments across 14 European countries and 80,000 parking lots, with some owners in Germany even using biometric authentication.
Germany shows high interest in using car displays for in-car payments, especially for parking and refueling
A recent survey in Germany showed high interest in using car displays for in-car payments, especially for parking and refueling, with 74% preferring parking payments and 72% favoring refueling payments. However, respondents expressed concerns about payment security and data privacy.
Despite these concerns, car manufacturers are committed to providing secure, user-friendly solutions. The automotive industry's innovation in in-car payments is revolutionizing the driving experience and mobility in unprecedented ways.
Questions Covered
1. What is the forecasted number of connected cars expected to be in service globally by 2027?
2. What is the projected size of the global connected car solutions market by 2032?
3. What is the current trend in Europe regarding in-car payments and preferred services?
4. What concerns did surveyed drivers have about in-car payment services in Europe?
5. What was the interest level among German drivers in using car displays for in-car payments in September 2022?
Countries Covered
- UK
- Germany
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Table of Contents
1. Management Summary
2. Global
- Overview of In-Car Payment Solutions and Trends, June 2023 (1 of 4)
- Overview of In-Car Payment Solutions and Trends, June 2023 (2 of 4)
- Overview of In-Car Payment Solutions and Trends, June 2023 (3 of 4)
- Overview of In-Car Payment Solutions and Trends, June 2023 (4 of 4)
- Total Value Created By Connected Car Use Cases, in USD billion, 2020 & 2030f
- Number of Connected Cars in Service, in millions, 2023e & 2027f
- Share of OEMs Investing or Planning to Invest in Connected Car Services in the Next 2 Years, in %, May 2022
- Connected Car Penetration Rate, by Countries, in %, Q4 2022
- Connected Car Penetration Rate, in %, Q4 2022
- Share of Motorists Who Value In-Car Integrated Parking Services & Those Who Cite In-Car Payments as a Solution to Inaccurate Parking Information, in %, May 2023
- Share of Respondents Who Value Vehicle Centric In-Car Payments vs Those Who Want Single Sign-on Access Across Providers, in %, May 2023
- Top Activities For Which Respondents Lean Towards In-Car Payments, in % of Respondents, May 2023
- Share of EV Drivers Who Regarded In-Car Activations and Payments for Charging as Important Standalone Features & Share of EV Respondents Preferring Vehicles With Park and Charge Enabling Them to Locate and Pay From the Car in %, May 2023
- Share of Respondents For Whom In-Car Payments is an Important Feature of Connected Cars, in %, Q4 2022
- Share of Potential Users Who Believe In-Car Payment to Be Key Competitive Advantage of Manufacturers, by Selected Countries, in %, February 202
3. Europe
3.1. Regional
- Overview of In-Car Payment Solutions and Trends, May 2023 (1 of 3)
- Overview of In-Car Payment Solutions and Trends, May 2023 (2 of 3)
- Overview of In-Car Payment Solutions and Trends, May 2023 (3 of 3)
- Overview of In-Car Payment Regulatory Environment, July 2023
3.2. UK
- Benefits of Connected Cars, in % of Respondents, March 2022
3.3. Germany
- Top Benefits and Concerns of Connected Cars Among Respondents, in % of Respondents, March 2022
- Share of Drivers Who Can Imagine Shopping and Paying Directly via Display in the Vehicle, in %, September 2022
- Preferred Car Related Services For Which Drivers Are Willing to Pay Using In-Car Payments, in %, September 2022
- Top Concerns That Respondents Who Rejected In-Car Commerce Have, in % of Respondents, September 2022
- Level of Consumer Interest in Select Connected Car Features, in % of Respondents, 2022
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Apcoa
- Apple
- BMW
- Hyundai
- Mastercard
- Mercedes Benz Group
- Parkopedia
- Ryd
- Skoda
- Visa
