Smart Mobility Market (By Element: Ride sharing, Car sharing, Bike commuting; By Solutions: Management of traffic, Management of parking, Management of mobility, Others; By Technology: 3G and 4G, Wi-Fi, GPS, RFID, Embedded system, Others; By End User: Civil work, Business development, Academics, Municipal sectors, others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032
The global smart mobility market size was estimated at USD 57 billion in 2022 and it is expected to hit around USD 345.63 billion by 2032 and is poised to grow at a compound annual growth rate (CAGR) of 19.8% from 2023 to 2032.
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Key Takeaways:
Smart mobility is generally explained as manner of transport. Which includes Mobility as a service, Mobility on demand, Car Sharing, ride sharing, bike commuting, autonomous transport, public transport, drones and many more. Improving of the new transportation technologies in the period of mobility. Increasing demand of the various ride sharing such as zip car, uber, Ola, zimride . Improved technologies and methods of transportation to gain the trust of customer with increased economic revenue and improve the experience with different modes of transport. Mobility of transportation with improved smart technology and increased demand for the advance technology with development of the smart city and reduced pollution which give raise to the market growth.
The continuous growth of the smart mobility and increased demand from the customers led to the increase incorporation of the business of smart mobility helped to boost the market high. The usage of car sharing, ride sharing and less use of personal individual vehicles and increased sharing of the cars which led to less emission of the pollutants from the vehicles which helped the smart mobility.
Report Scope of the Smart Mobility Market
Report Coverage | Details |
Market Size in 2023 |
USD 68 Billion |
Market Size by 2032 |
USD 345.63 Billion |
Growth Rate from 2023 to 2032 | CAGR of 19.8% |
Base Year | 2022 |
Forecast Period | 20223 to 2032 |
Segments Covered | Element, Solutions, Technology, End User, Geography |
Companies Mentioned |
TOYOTA motor corporation, Excel fore, Cisco Systems, Inc., Ford motor company, Siemens, Robert Bosch Gmbh, Qualix information System, Maas Gobal Oy, Tom Tom International N.V, Innoviz technologies |
Growth Factors
Development of the transportation modes in to the modern changes in the transport industries. Smart mobility is rapidly growing the market rate. Usage of the digitalization mode to manage the mobility from one end to another end. Transportation can be done by two modes one by public transport and another can be done private car on rent which has thrived the market growth with increasing demand on the smart mobility. With the increasing number of population and urbanization and increased number of vehicles gave rise to traffic jams, parking problem an mobility and recently developed modes of transport helped to develop smart mobility across the regions with decreased number of accidents, zero emission of pollutants and safe driving all these reasons are the factors for rising the growth of the smart mobility with gaining technologies.
The smart mobility market is divided in to elements which includes car sharing, ride sharing, bike commuting. Another type is solution which includes management of traffic, management of parking, management of mobility and other end use. Type based on the technology. Which includes 3G, 4G Internet connection, RFID, GPS, and Wi-Fi. Increasing research and development to improve the smart mobility solutions and developing latest technologies such as mobility as a service, artificial intelligence are important services which help to boost the market growth during the forecast period.
The increasing population worldwide with the introduced smart mobility developments and rising demands from the customer for cab sharing, bike commuting, and ride sharing and increasing the solutions with environment awareness. Due to the outbreak of the pandemic covid-19 affected the smart mobility market. As by the rules and regulations imposed by the government such as lock down, social distancing which negatively affected the market. Stoppage of the transport there was no mobility of the transportation decreased the growth of the smart mobility.
Key market Drivers
Key Market Challenges
Key Market Opportunities
Opportunities according to the increasing developed technology and the smart mobility. Give the increasing opportunities in the rising market. In increasing population and rising demands for the smart mobility led to the rapid urbanization and increased revenue of the market which thrived the market growth.
Digital transformation of the data through processing information over internet increased digitalization process. Cloud computing for sharing the information over internet connectivity wireless connections for sharing the information increased automation improved technologies in business development to gain the solutions and improve productivity.
Increased cyber security and improved technologies for identifying fraud calls enables with the use of wide connectivity of 5G with high seed and required information over internet.
Segments Insight:
Element Insights
Based on product segmentation of smart mobility increased population with the rapid development of the urbanization. Increased demand with the developing technologies with the involvement of smart mobility and improved system in to the transportation system.
Cab sharing, bike sharing, ride sharing led to decreased usage of the personal vehicles less emission and decrease pollution. Improved the smart mobility market during the forecast period with the increased revenue market share.
Application Insights
Based on applications of smart mobility due to increased demand from the customers with the developed technologies and development used in sharing the vehicles with low cost which gives low emission of carbon dioxide gas and decrease the pollution in the environment also helps us to determine the traffic jam on the route, parking solution, technology development, and managing mobility help to boost the market growth during the forecast period. Usage at business level with improving technological solutions with fast speed and connectivity which improved productivity and efficiency.
End User Insights
Based on the end users of smart mobility likely to be used at business level due to improved technology with the great speed and sharing become easy through technological solutions and improved productivity and market rate. Alternatives for the transportation are electrical based systems cars, bikes with improved electrification system. For civil work, academics, municipal sectors and increasing research and development increased the market during the forecast period.
Smart Mobility Market Share, By Region, 2022 (%)
Regions | Revenue Share in 2022 (%) |
North America | 40% |
Asia Pacific | 21% |
Europe | 25% |
Latin America | 9% |
MEA | 5% |
Geography Insights
Based on the basis of geographical regions smart mobility have raised the market across various regions and increasing developments. Asia Pacific region to be the growing region with the increasing smart mobility market. North America also shown the significant growth of the smart mobility market. Europe, South America, Middle East and Africa also shown important growth in expanding the smart mobility market growth.
Recent Developments:
Key Market Players
Segments Covered in the Report
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By Element
By Solutions
By Technology
By End User
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Smart Mobility Market
5.1. COVID-19 Landscape: Smart Mobility Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Smart Mobility Market, By Element
8.1. Smart Mobility Market, by Element, 2023 2032
8.1.1. Ride sharing
8.1.1.1. Market Revenue and Forecast (2020 2032)
8.1.2. Car sharing
8.1.2.1. Market Revenue and Forecast (2020 2032)
8.1.3. Bike commuting
8.1.3.1. Market Revenue and Forecast (2020 2032)
Chapter 9. Global Smart Mobility Market, By Solutions
9.1. Smart Mobility Market, by Solutions e, 2023 2032
9.1.1. Management of traffic
9.1.1.1. Market Revenue and Forecast (2020 2032)
9.1.2. Management of parking
9.1.2.1. Market Revenue and Forecast (2020 2032)
9.1.3. Management of mobility
9.1.3.1. Market Revenue and Forecast (2020 2032)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2020 2032)
Chapter 10. Global Smart Mobility Market, By Technology
10.1. Smart Mobility Market, by Technology, 2023 2032
10.1.1. 3G and 4G
10.1.1.1. Market Revenue and Forecast (2020 2032)
10.1.2. Wi-Fi
10.1.2.1. Market Revenue and Forecast (2020 2032)
10.1.3. GPS
10.1.3.1. Market Revenue and Forecast (2020 2032)
10.1.4. RFID
10.1.4.1. Market Revenue and Forecast (2020 2032)
10.1.5. Embedded system
10.1.5.1. Market Revenue and Forecast (2020 2032)
10.1.6. Others
10.1.6.1. Market Revenue and Forecast (2020 2032)
Chapter 11. Global Smart Mobility Market, By End User
11.1. Smart Mobility Market, by End User, 2023 2032
11.1.1. Civil work
11.1.1.1. Market Revenue and Forecast (2020 2032)
11.1.2. Business Development
11.1.2.1. Market Revenue and Forecast (2020 2032)
11.1.3. Academics
11.1.3.1. Market Revenue and Forecast (2020 2032)
11.1.4. Municipal sectors
11.1.4.1. Market Revenue and Forecast (2020 2032)
11.1.5. Others
11.1.5.1. Market Revenue and Forecast (2020 2032)
Chapter 12. Global Smart Mobility Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Element (2020 2032)
12.1.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.1.3. Market Revenue and Forecast, by Technology (2020 2032)
12.1.4. Market Revenue and Forecast, by End User (2020 2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Element (2020 2032)
12.1.5.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.1.5.3. Market Revenue and Forecast, by Technology (2020 2032)
12.1.5.4. Market Revenue and Forecast, by End User (2020 2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Element (2020 2032)
12.1.6.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.1.6.3. Market Revenue and Forecast, by Technology (2020 2032)
12.1.6.4. Market Revenue and Forecast, by End User (2020 2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Element (2020 2032)
12.2.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.2.3. Market Revenue and Forecast, by Technology (2020 2032)
12.2.4. Market Revenue and Forecast, by End User (2020 2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Element (2020 2032)
12.2.5.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.2.5.3. Market Revenue and Forecast, by Technology (2020 2032)
12.2.5.4. Market Revenue and Forecast, by End User (2020 2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Element (2020 2032)
12.2.6.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.2.6.3. Market Revenue and Forecast, by Technology (2020 2032)
12.2.6.4. Market Revenue and Forecast, by End User (2020 2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Element (2020 2032)
12.2.7.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.2.7.3. Market Revenue and Forecast, by Technology (2020 2032)
12.2.7.4. Market Revenue and Forecast, by End User (2020 2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Element (2020 2032)
12.2.8.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.2.8.3. Market Revenue and Forecast, by Technology (2020 2032)
12.2.8.4. Market Revenue and Forecast, by End User (2020 2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Element (2020 2032)
12.3.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.3.3. Market Revenue and Forecast, by Technology (2020 2032)
12.3.4. Market Revenue and Forecast, by End User (2020 2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Element (2020 2032)
12.3.5.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.3.5.3. Market Revenue and Forecast, by Technology (2020 2032)
12.3.5.4. Market Revenue and Forecast, by End User (2020 2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Element (2020 2032)
12.3.6.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.3.6.3. Market Revenue and Forecast, by Technology (2020 2032)
12.3.6.4. Market Revenue and Forecast, by End User (2020 2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Element (2020 2032)
12.3.7.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.3.7.3. Market Revenue and Forecast, by Technology (2020 2032)
12.3.7.4. Market Revenue and Forecast, by End User (2020 2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Element (2020 2032)
12.3.8.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.3.8.3. Market Revenue and Forecast, by Technology (2020 2032)
12.3.8.4. Market Revenue and Forecast, by End User (2020 2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Element (2020 2032)
12.4.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.4.3. Market Revenue and Forecast, by Technology (2020 2032)
12.4.4. Market Revenue and Forecast, by End User (2020 2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Element (2020 2032)
12.4.5.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.4.5.3. Market Revenue and Forecast, by Technology (2020 2032)
12.4.5.4. Market Revenue and Forecast, by End User (2020 2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Element (2020 2032)
12.4.6.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.4.6.3. Market Revenue and Forecast, by Technology (2020 2032)
12.4.6.4. Market Revenue and Forecast, by End User (2020 2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Element (2020 2032)
12.4.7.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.4.7.3. Market Revenue and Forecast, by Technology (2020 2032)
12.4.7.4. Market Revenue and Forecast, by End User (2020 2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Element (2020 2032)
12.4.8.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.4.8.3. Market Revenue and Forecast, by Technology (2020 2032)
12.4.8.4. Market Revenue and Forecast, by End User (2020 2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Element (2020 2032)
12.5.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.5.3. Market Revenue and Forecast, by Technology (2020 2032)
12.5.4. Market Revenue and Forecast, by End User (2020 2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Element (2020 2032)
12.5.5.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.5.5.3. Market Revenue and Forecast, by Technology (2020 2032)
12.5.5.4. Market Revenue and Forecast, by End User (2020 2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Element (2020 2032)
12.5.6.2. Market Revenue and Forecast, by Solutions (2020 2032)
12.5.6.3. Market Revenue and Forecast, by Technology (2020 2032)
12.5.6.4. Market Revenue and Forecast, by End User (2020 2032)
Chapter 13. Company Profiles
13.1. TOYOTA motor corporation
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Excel fore
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Cisco Systems, Inc.
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Ford motor company
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Siemens
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Robert Bosch Gmbh
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Qualix information System
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Maas Gobal Oy
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Tom Tom International N.V
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Innoviz technologies
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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