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With CAGR of 17.60%, Smart Mobility Market Size to Grow From US$ 41.3 Billion in 2021 to US$ 115.4 Billion by 2027
Smart Mobility Market
The latest research study "Smart Mobility Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global smart mobility market size reached a value of US$ 41.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 115.4 Billion by 2027, exhibiting at a CAGR of 17.60% during 2022-2027.
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What is Smart Mobility?
Smart mobility involves using advanced technologies to provide efficient, resilient, and sustainable modes of transportation to individuals. It is an intelligent network comprising on-demand ride services, the adoption of electric vehicles (EVs), and shared transportation services that help streamline urban economies while improving road safety infrastructure. It helps provide innovative, environmentally friendly transportation options to the masses while promoting economic growth. Since it assists in improving the traffic management system, managing parking areas efficiently, and reducing greenhouse gas (GHG) emissions, smart mobility is gaining immense traction across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Smart Mobility Market Trends and Drivers:
The global smart mobility market is primarily driven by rising environmental concerns and the surging adoption of shared services and EVs among the masses. Moreover, the continual technological advancements in the transportation sector and the rising integration of smart mobility solutions with cloud-based solutions, artificial intelligence (AI), and the Internet of Things (IoT) are positively influencing the market growth.
Additionally, the availability of high-speed internet connectivity and rapid digitization are other major growth-inducing factors. Besides this, several favorable initiatives toward the development of smart cities and the introduction of subsidy programs to encourage the adoption of smart mobility services by governments of numerous countries have catalyzed market growth.
Other factors, including ongoing research and development (R&D) activities, the emerging automotive industry, rapid urbanization, and rising traffic congestion, are also anticipated to drive the market further.
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Global Smart Mobility Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Smart Mobility Companies:
Cisco Systems Inc., Excelfore Corporation, Ford Motor Company, Innoviz Technologies Ltd, QuaLiX Information System LLP, Robert Bosch GmbH, Siemens AG, Thales Group, TomTom N.V. and Toyota Motor Corporation.
The report has segmented the market on the basis of region, technology, solution and element.
Breakup by Technology:
· 3G and 4G
· Wi-Fi
· Global Positioning System (GPS)
· Radio Frequency Identification (RFID)
· Embedded System
· Others
Breakup by Solution:
· Traffic Management
· Parking Management
· Mobility Management
· Others
Breakup by Element:
· Bike Commuting
· Car Sharing
· Ride Sharing
Breakup by Region:
· North America
o United States
o Canada
· Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
· Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
· Latin America
o Brazil
o Mexico
o Others
· Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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