Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The global smart mobility market is projected to grow at a CAGR of 21.5% during the forecast period of 2024-2032. The market is being driven by advancements in technologies and the growing focus on reducing road congestion.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on technology, the global positioning system (GPS) segment is predicted to hold a significant market share in the smart mobility industry. This growth can be attributed to the increased implementation of GPS technology in carpooling and cab services for swift tracking of people through satellite signals that can calculate an individual's positioning. Moreover, GPS technology helps minimise fuel costs while improving safety and productivity. In addition, it enables smart route planning with automated real-time alerts that add to its overall popularity in the market. These factors are expected to contribute to the growth of the segment in the forecast period.
The Asia Pacific is estimated to hold a substantial share of the smart mobility industry in the forecast period. This growth can be attributed to the rapid population growth, along with the rising trends of urbanisation in the region, which is leading to an increased demand for smart mobility solutions among consumers. Moreover, in countries like India, where 70% of the population is expected to reside in urban dwellings by 2050, the mobility requirements are expected to bring forth challenges such as air pollution and congestion, which is predicted to increase the demand for smart mobility solutions in the region. These factors are estimated to positively influence the smart mobility industry growth in the Asia Pacific.
Smart mobility is an emerging concept that refers to an intelligent transport and mobility network, which integrates modes of transportation through wireless communication solutions and applies real-time data analytics along with machine learning technology to enhance the transportation experience. The smart mobility technology offers affordable commuting with varied transportation options, including rapid mass transit systems, vehicle sharing, and on-demand mobility solutions, among others. This technology network makes the process of mobility economically viable while also being environment friendly and socially equitable.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
By elements, the market is divided into:
On the basis of solution, the market can be segmented into:
Based on technology, the industry can be categorised into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The rising population worldwide is leading to increased rates of urbanisation, which has created an increased demand for transportation facilities. This has further resulted in increased utilisation of smart mobility solutions. Moreover, the increasing need for transportation, along with the escalating eco-consciousness among consumers, is driving individuals to engage in carpooling and adopt cab services and ride sharing facilities, which is expected to spearhead the market growth. In addition, the growing investment by the government in the development of smart cities is also expected to drive the market growth. Furthermore, with subsequent technological advancements, electric cars are being introduced into the market, which is expected to reduce the usage of fossil fuel-based energy resources. In addition, the increased investments in the research and development of smart mobility solutions by the leading manufacturers and the integration of latest technologies such as artificial intelligence (AI), Mobility-as-a-Service (MaaS), and others are expected to significantly contribute to the market growth in the forecast period.
The report gives a detailed analysis of the following key players in the global smart mobility market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Elements |
|
Breakup by Solution |
|
Breakup by Technology |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The market is projected to grow at a CAGR of 21.5% between 2024 and 2032.
The major drivers of the market include the increased availability of carpooling facilities, rising environmental consciousness, and the growing investments in the research and development of smart mobility technologies by leading manufacturers.
The key trends of the market include the heightened demand for carpooling and ride sharing services, increased urbanisation, and rapid technological advancements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant elements of smart mobility include bike commuting, car sharing, and ride sharing.
The major solutions of smart mobility include traffic management, parking management, and mobility management, among others.
The various technologies include 3G and 4G, Wi-Fi, global positioning system (GPS), radio frequency identification (RFID), and embedded systems, among others.
The key players in the global smart mobility market are Cisco Systems, Inc., Hitachi, Ltd., Ford Motor Company, Siemens Mobility, Robert Bosch GmbH, and Excelfore Corporation, among others.
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Pricing Plans
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-120-433-0800
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124