openPR Logo
Press release

Smart Mobility Market Technology Advancement and Business Outlook 2020-2027

11-18-2020 08:40 PM CET | Logistics & Transport

Press release from: Allied Market Research

Smart Mobility Market

Smart Mobility Market

Smart Mobility Market by Element (Bike Commuting, Car Sharing, and Ride Sharing), Solution (Traffic Management, Parking Management, Mobility Management, and Others), and Technology (3G 4G, Wi-Fi, GPS, RFID, Embedded System, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global smart mobility industry generated $34.04 billion in 2019, and is estimated to reach $70.46 billion by 2027, growing at a CAGR of 20.2% from 2020 to 2027.

Prime determinants of growth

Trend of on-demand transportation services and favorable government initiatives for development of smart cities propel the growth of the global smart mobility market. However, threats related to data hacking and low penetration of the internet in developing countries restrain the market growth. On the other hand, deployment of intelligent transportation systems and improvement in performance of autonomous vehicles create new opportunities in the coming years.

Access Full Summary: https://www.alliedmarketresearch.com/smart-mobility-market-A06658

Based on solution, the traffic management segment contributed to the highest market share in 2019, holding more than one-fourth of the global smart mobility market, and is expected to maintain its dominant share throughout the forecast period. This is due to its advantages including less traffic congestion on roads and limited number of vehicles on roads at a specific time period. However, the parking management segment is projected to witness the highest CAGR of 21.9% from 2020 to 2027. This is attributed to flexibility in the usage of car parking along with optimization of parking space.

Based on technology, the RFID segment accounted for the highest market share, contributing nearly one-fourth of the total share of the global smart mobility market in 2019, and will maintain its lead position during the forecast period. This is attributed to equipping vehicles with RFID for offering scanning systems that can scan vehicles rapidly and reduce the operational time. However, the GPS segment is expected to portray the highest CAGR of 21.9% from 2020 to 2027, owing to real-time information about the surroundings offered to drivers for enabling them with better decisions as per the situation.

Download Report Sample (246 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/7023

Based on region, North America held the highest market share with nearly one-third of the global smart mobility market in 2019, and is expected to maintain its dominance in terms of revenue by 2027. This is due to rise in production and sales of the vehicles along with development of better infrastructure across the region. However, Asia-Pacific is expected to portray the highest CAGR of 22.2% from 2020 to 2027, owing to collaboration of leading market players and adoption of innovative technologies such as RFID for smart mobility.

Covid-19 Scenario of Smart Mobility:

• On-demand transportation services were closed down during the lockdown imposed by governments of many countries. As the lockdown restrictions lifted off, services such as ridesharing or carpooling have taken a hit due to safety concerns.
• Various initiatives regarding smart city development have been postponed by governments to curb the spread of coronavirus.

• The production and R&D activities of autonomous vehicles have been halted as factories and manufacturing plants have been closed during the lockdown. Moreover, the disruptions in the supply chain of raw materials hampered the ongoing manufacturing activities.

Interested to Procure The Data? Inquire here at : https://www.alliedmarketresearch.com/purchase-enquiry/7023

Leading market players
• Cisco
• Excelfore Corporation
• Ford Motor Company
• Innoviz Technologies. Inc.
• MAAS Global Oy
• QuaLiX Information System
• Robert Bosch GmbH
• Siemens
• TomTom International
• Toyota Motor Corporation

Similar Reports

Autonomous Vehicle Market
https://www.alliedmarketresearch.com/autonomous-vehicle-market

Connected Car Market
https://www.alliedmarketresearch.com/connected-car-market

Vehicle Tracking System Market
https://www.alliedmarketresearch.com/vehicle-tracking-system-market

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Mobility Market Technology Advancement and Business Outlook 2020-2027 here

News-ID: 2190128 • Views: 615

More Releases from Allied Market Research

Smart Beacon Market Expected to Reach $103.94 Billion By 2030 at 37.7% CAGR | Gr …
Rise in modern-day communication technologies, surge in investments in proximity marketing, and increase in adoption of smart devices are the factors that drive the global smart beacon market growth. As per the report published by Allied Market Research, the global smart beacon market generated $3.28 billion in 2020, and is estimated to reach $103.94 billion by 2030, witnessing a CAGR of 37.7% from 2021 to 2030. The report provides a
Fantasy Sports Market in Asia-Pacific & Canada is Expected to Reach $3,739.8 Mil …
According to a new report published by Allied Market Research, titled, “Asia-Pacific & Canada Fantasy Sports Market by Sports Type, Platform, and Demographic: Regional Opportunity Analysis and Industry Forecast, 2021–2027,” Asia-Pacific & Canada fantasy sports market size was valued at $2,021.9 million in 2019, and is projected to reach $3,739.8 million by 2027, growing at a CAGR of 10.7% from 2021 to 2027. Fantasy sport is played using internet where participants
Hammock Market Size Is Projected Reach $639.8 Million By 2030, Registering At A …
Surge in hiking and adventure tourism, rise in demand from residential segment, and expansion of hospitality industry drive the growth of the global hammock market. North America contributed to the highest share in terms of revenue in 2020. The outbreak of the COVID-19 pandemic has resulted in transition of consumers toward online sales channels to purchase campaigning gear products including hammocks. According to the report published by Allied Market Research, the
Cotton Personal-Care Product Market 2021: Top Factors That Are Leading The Deman …
A lead analyst at AMR highlighted the market across Europe region is expected to dominate in terms of revenues throughout the forecast period. Allied Market Research published a research report on the Cotton personal-care product market. The findings of the report states that the global market for Cotton personal-care product is expected to reach $19.15 billion by 2028, manifesting a CAGR of 4.6% from 2020 to 2028. The report provides valuable

All 5 Releases


More Releases for Mobility

Personal mobility device Industry 2020
The Personal mobility device Market witnessed perpetual growth in the preceding years and expected that the projected period (2020-2025) would increase even further. The forecast provides an insight and a 360 ° view, anticipating the industry's main performance. These perspectives are helpful to business decision-makers in formulating effective business strategies and making wise decisions for improved profitability. In addition, the study encourages venture or private players to more directly know
Global Mobility Scooter Market 2018 Top Players: Van Os Medical, TGA Mobility, E …
Qyresearchreports include new market research report “Global Mobility Scooter Sales Market Report 2018” to its huge collection of research reports. Global Mobility Scooter market competition by top manufacturers/players, with Mobility Scooter sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including Kymco Sunrise Medical Pride Mobility Products Invacare Roma Medical Hoveround Corp Drive Medical Golden Technologies Quingo Merits Health Products Afikim Electric Vehicles Get PDF for more Professional and Technical insights @ https://www.qyresearchreports.com/sample/sample.php?rep_id=1584123&type=S Stakeholders of all sizes
Robust mobility
Mobile devices that are designed to record, control and transmit data outdoors have to fulfil many different functions. This makes it all the more relevant to think in terms of form and function. The enclosures by OKW are comfortable to hold, have a robust construction and are already available in specific plastic materials from stock. However, for particular properties of the parts, such as improved chemical resistance, flame resistance or
Claim Management in Mobility Projects
Quedlinburg (12.09.2012) - New mobility projects, like construction of subways, fully automatic driverless metro systems, mainline railways and suburban train projects, are on their way currently on their all over the world. The implementations of such projects involve complex technologies, the management of various interfacing systems and tight time schedules. Not surprisingly, those projects are therefore often harmed by obstructions and hindrances leading to claims between the projects participants. We
SAP Mobility Solutions Go Free
In a major shift in the SAP 3rd party solution space, Australian mobility company, 10seconds Software today announces the release of completely free versions of its Express Suite family of products , providing ‘SAP Approvals from Anywhere’. Sydney, NSW - 11 July 2011 – Australian mobility company, 10seconds Software today announces the release of free versions of its Express Suite family of products , providing ‘SAP Approvals from Anywhere’ to the
Mobility means real time
Connections are the future of communication Paderborn (Germany) 26 October 2010: The future of communication is connections. This means that mobility equals real time. The communication world is shifting from disconnected to connected, making people to not only listen or receive, but to live conversation, making the change from isolated to social. Local mobile real time is connecting the world. Taking into account that today’s mobile phones are more powerful than