Upcoming Allied Market Research
Vehicle Pos Machine Market

Vehicle POS Machine Market

by Type (Wired, Wireless), by Application (Passenger Vehicles, Commercial Vehicles) : Global Opportunity Analysis and Industry Forecast, 2022-2032

Report Code: A44494
Pages: NA
May 2023 | 29 Views
Author(s) : Sonia M
Tables: NA
Charts: NA
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

A vehicle point of sale (POS)  device is a kiosk that runs automatically and enables quicker transactions without human interaction. When the network signal is strong, the vehicle POS machines can reliably identify the network status, perform automatic networking, timely download personnel updates, and upload current accounts. This device also allow identity rate control, use the primary wallet in the card for consumption, and can detect the M1 card and CPU card in the 13.56MHz band provided by the one-card system. The vehicle POS automatically detects network status (offline/online adaption), adopts the local white list authentication method, uploads transactions, and updates white lists. For passenger and commercial vehicles like Audi, BMW, and Volkswagen, this machine is widely used. This is because, with the use of an automated kiosk, these machines assist in enhancing the customer experience by enabling quicker transactions without requiring human intervention and lowering the costs associated with staff salaries and training needs.
The vehicle POS machine market is projected to grow at an exponential growth rate during the period of assessment, this growth is majorly attributed to factors such as an increase in the number of vehicles coupled with the increasing adoption of digital advertising solutions across various application segments including passenger cars and commercial cars owing to the high penetration of internet access among consumers globally. In addition, the increasing digitization level is also driving the demand for integrated electronic payment systems that work on POS machines which are increasingly being used as POS terminals by retailers across the globe.
The vehicle POS machines are a crucial component of client happiness, which is one of the essential factors in a company's success. This is because the customers spend less time in a queue and checkout times are quicker. Faster access to product information may also help to increase consumer satisfaction. For sectors like hospitality, where service speed may make or break a business, the convenience that a vehicle POS machine can offer is a huge plus.
Manual payment collection methods are ineffective and only offer a few choices. The processing of payments and the reconciliation are delayed as a result, a vehicle POS machine can assist in optimizing operations through automated daily settlement, reconciliation, and reporting as well as end-to-end payment processing. By eliminating manual errors and cutting down on processing time, improves overall efficiency. These factors are anticipated to generate excellent growth opportunities in this market in the coming years.
Due to the widespread use of internet connectivity among customers, factors including an increase in the number of vehicles and the adoption of digital advertising solutions across a variety of application areas, including passenger cars and commercial automobiles, can drive market growth. Also, as digitalization levels rise, so does the demand for integrated electronic payment systems that operate on POS devices. The demand for better customer service, including quicker transactions with fewer human errors involved, as well as an increase in vehicle parking spaces as a result of population development and urbanization are driving this trend.
Security is one of the most important challenges faced by POS machine manufacturers and users. Even one breach of the customer’s confidential data is enough to ruin the reputation and trust that the companies have built over the years with customers. The organization might not be able to handle an entire range of technical challenges that could arise from switching to a car POS machine. Putting POS devices in vehicles also necessitates planning for prospective repairs, upgrades, and maintenance, which some companies neglect to accomplish in advance.
By eliminating the hassle of payments and the associated experiences across all touchpoints, a digital POS with a technology-backed payment platform offers all-in-one payment acceptance and value-added services enables merchants to concentrate on their core businesses. POS systems are undergoing constant advancements over time to accommodate other contactless payment methods, such as mobile wallets. E-POS is a payment recognition software that runs on a smartphone and can be used to accept a small number of digital payments without a real card swipe machine as a result of modern technology breakthroughs. The payments industry is seeing the introduction of new technologies, giving customers a variety of payment possibilities. The preferred method of payment for consumers has mostly changed from cash to digital methods like mobile wallets and now contactless methods like UPI, and QR. Vehicle POS machines make it simple to accept a variety of payment methods, which aids businesses in meeting changing customer expectations.
 New product launches to flourish in the market
In March 2022, Cashfree Payments, India's payments, and API banking solutions company, announced the launch of 'SoftPOS'. SoftPOS is a POS solution for businesses like grocery stores, retail shops, food delivery apps, the automobile industry, and NBFCs doing door-to-door collections. Earlier, ftcash released a mobile POS system for the automobile service center, especially those in the small to medium-sized business range.
For instance, in May 2021,as one of the certified partners for RuPay SoftPOS, the National Payments Corp. of India (NPCI) has teamed with PayCore, a provider of global payment solutions in Turkey, to promote cashless transactions throughout the nation. With the help of RuPay SoftPOS, business owners can securely accept payments through contactless cards, mobile wallets, and wearables using only their smartphones. The SoftPOS solution created by PayCore for RuPay has received approval from NPCI. This solution enables RuPay to be acquired using mobile devices with NFC capabilities or add-ons by integrating it into bank or aggregator acquiring systems. Via RuPay SoftPOS, millions of business owners can turn their NFC-capable smartphones into POS terminals to accept contactless payments.
Segment Overview:
By type: The vehicle POS machine is divided into wired and wireless. A wired car POS machine is a gadget that interfaces to the POS system using wired connections like USB and Ethernet cables. Most wired car POS machines include a printer attached to print receipts, give longer battery life, and provide improved reading accuracy. Wired car POS systems are generally used in passenger automobiles and less frequently in business vehicles, wired car POS systems. Cutting down on the time spent on manual data entry and money processing, the wired car POS  helps salespeople be more productive.
By application: The vehicle POS machine is divided into passenger and commercial cars. The process of making payments for goods and services is facilitated by a vehicle POS machine, which is a POS terminal. Since a vehicle POS machine manages product inventories and customer check-outs more quickly than conventional human techniques, it can be employed in passenger cars. Because it is simple to use, this approach decreases personnel turnover rates while simultaneously reducing client wait times at counters. By using these devices, it would be possible to do away with paper receipts, which make it difficult to securely store sensitive information like credit card numbers. It will be a cost-effective investment because there will non be any need for business-related expenses to printing costs. 
By region: The vehicle POS machine is divided into North America, Europe, Asia-Pacific, and LAMEA. North America dominates the global vehicle POS machine market due to the increased adoption of new technologies and improved connectivity, as well as the high demand for infotainment systems (e.g. navigation) by consumers. Due to their widespread use and enhanced return on investment, POS terminals have recently turned into a commodity for receiving cashless payments. The usage of payment terminals is anticipated to rise dramatically in the next years as a result of North America's quick transition to a cashless society.
 Competitive Analysis
Competitive analysis and profiles of the major players in the vehicle POS machine market, such as Datalogic S.p.A., Fiserv, Inc., Fujitsu, Guestlogix, Honeywell International Inc., Ingenico, Intermech, inc., NEC Co., NCR Co., and VeriFone, Inc., is provided in this report. Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of the vehicle POS machine market.

Vehicle POS Machine Market Report Highlights

Aspects Details
By Type
  • Wired
  • Wireless
By Application
  • Passenger Vehicles
  • Commercial Vehicles
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players VeriFone, Inc., Fujitsu, Honeywell International Inc., Fiserv, Inc., Ingenico, intermech, inc., Datalogic S.p.A., NCR Corporation, NEC Corporation, guestlogix

Loading Table Of Content...

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Vehicle Pos Machine Market

Start reading.
This Report and over 19,981+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,570
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,730
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise

  • $9,600
  • Unlimited
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers