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Global Smart Mobility Market: By Elements: Bike Commuting, Car Sharing, Ride Sharing; By Solution: Traffic Management, Parking Management, Mobility Management, Others; By Technology; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Smart Mobility Market Outlook
The global smart mobility market stood at a value of around USD 31 billion in 2020. The market is further expected to grow at a CAGR of 21% in the forecast period of 2023-2028 to attain a value of USD 97 billion by 2026.
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Advances in Global Positioning System (GPS) Technology to Catalyse the Growth of the Global Smart Mobility Industry
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.
Rising Urbanisation to Bolster the Growth of the Smart Mobility Industry in the Asia Pacific
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: Market Segmentation
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.
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By elements, the market is divided into:
- Bike Commuting
- Car Sharing
- Ride Sharing
On the basis of solution, the market can be segmented into:
- Traffic Management
- Parking Management
- Mobility Management
- Others
Based on technology, the industry can be categorised into:
- 3G and 4G
- Wi-Fi
- Global Positioning System (GPS)
- Radio Frequency Identification (RFID)
- Embedded Systems
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Heightened Urbanisation and the Rising Environmental Awareness to Augment the Global Smart Mobility Industry
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.
Key Industry Players in the Global Smart Mobility Market
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:
- Cisco Systems, Inc.
- Hitachi, Ltd
- Ford Motor Company
- Siemens Mobility
- Robert Bosch GmbH
- Excelfore Corporation
- Others
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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Elements, Solution, Technology, Region |
| Breakup by Elements | Bike Commuting, Car Sharing, Ride Sharing |
| Breakup by Solution | Traffic Management, Parking Management, Mobility Management, Others |
| Breakup by Technology | 3G and 4G, Wi-Fi, Global Positioning System (GPS), Radio Frequency Identification (RFID), Embedded Systems, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Cisco Systems, Inc., Hitachi, Ltd, Ford Motor Company, Siemens Mobility, Robert Bosch GmbH, Excelfore Corporation., Others |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart Mobility Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Mobility Historical Market (2018-2022)
8.3 Global Smart Mobility Market Forecast (2023-2028)
8.4 Global Smart Mobility Market by Elements
8.4.1 Bike Commuting
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Car Sharing
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Ride Sharing
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Smart Mobility Market by Solution
8.5.1 Traffic Management
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Parking Management
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Mobility Management
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Smart Mobility Market by Technology
8.6.1 3G and 4G
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Wi-Fi
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Global Positioning System (GPS)
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Radio Frequency Identification (RFID)
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Embedded Systems
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Smart Mobility Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Smart Mobility Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Smart Mobility Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Smart Mobility Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Smart Mobility Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Smart Mobility Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Cisco Systems, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Hitachi, Ltd
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Ford Motor Company
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Siemens Mobility
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Robert Bosch GmbH
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Excelfore Corporation.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Mobility Market: Key Industry Highlights, 2018 and 2028
2. Global Smart Mobility Historical Market: Breakup by Elements (USD Billion), 2018-2022
3. Global Smart Mobility Market Forecast: Breakup by Elements (USD Billion), 2023-2028
4. Global Smart Mobility Historical Market: Breakup by Solution (USD Billion), 2018-2022
5. Global Smart Mobility Market Forecast: Breakup by Solution (USD Billion), 2023-2028
6. Global Smart Mobility Historical Market: Breakup by Technology (USD Billion), 2018-2022
7. Global Smart Mobility Market Forecast: Breakup by Technology (USD Billion), 2023-2028
8. Global Smart Mobility Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Smart Mobility Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Smart Mobility Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Smart Mobility Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Smart Mobility Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Smart Mobility Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Smart Mobility Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Smart Mobility Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Smart Mobility Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Smart Mobility Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Smart Mobility Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Smart Mobility Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Smart Mobility Market Structure
Key Questions Answered in the Report
In 2020, the global smart mobility market attained a value of nearly USD 31 billion.
The market is projected to grow at a CAGR of 21% between 2023 and 2028.
The major drivers of the industry, such as the increased availability of carpooling facilities, the heightened demand for carpooling and ride sharing services, the rising environmental consciousness, and the growing investments in the R&D of smart mobility technologies by the leading manufacturers, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the heightened urbanisation and rapid technological advancements.
The major regions in the industry 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 various solutions of smart mobility include traffic management, parking management, and mobility management, among others.
The major technologies include 3G and 4G, Wi-Fi, global positioning system (GPS), radio frequency identification (RFID), and embedded systems, among others.
The major players in the industry are Cisco Systems, Inc., Hitachi, Ltd., Ford Motor Company, Siemens Mobility, Robert Bosch GmbH, and Excelfore Corporation, among others.
Analyst Review
The global smart mobility market attained a value of about USD 31 billion in 2020, driven by the growing interest in ride sharing facilities. Aided by the rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 21%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By elements, the smart mobility industry can be divided into bike commuting, car sharing, and ride sharing. On the basis of solution, the industry can be segmented into traffic management, parking management, and mobility management, among others. By technology, the market is classified into 3G and 4G, Wi-Fi, global positioning system (GPS), radio frequency identification (RFID), and embedded systems, among others. The major regional markets for smart mobility are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cisco Systems, Inc., Hitachi, Ltd, Ford Motor Company, Siemens Mobility, Robert Bosch GmbH, and Excelfore Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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