According to the global smart mobility market report by IMARC Group, the market 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.
Smart mobility refers to the integration of technology with vehicles to provide ecologically friendly solutions that enhance an individual’s quality of life. It utilizes different modes of transportation rather than using one’s vehicles to reduce traffic congestion. It also helps in ensuring zero carbon emissions and lesser chances of road accidents.
Global Smart Mobility Industry Trends and Drivers:
The global smart mobility market is majorly driven by the increasing environmental concerns among the masses. This has led many key players to heavily invest in manufacturing low-emission and sustainable vehicles, thereby favorably impacting the market growth. Furthermore, continual technological advancements in the transportation sector, such as widespread integration of smart mobility with location sharing, digital ticketing and online payments, have provided an impetus to market growth.
Moreover, the growing traffic congestion on the global level has also provided a boost to the demand for smart mobility. Other factors, including rapid urbanization, rapid digitization, increasing government initiatives toward the development of smart cities, and the increasing adoption of electronic vehicles (EVs), are also contributing to the market growth.
Global Smart Mobility Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
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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.
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: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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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.
About Us:
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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