Smart Mobility Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	145 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185724

Best Price Guarantee
Price	from $4,850
Length	145 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185724

Smart Mobility Market

Growth Factors of Smart Mobility Market

The smart mobility market size was valued at USD 36.71 billion in 2023, and the market is now projected to grow from USD 43.46 billion in 2024 to USD 194.13 billion by 2032, exhibiting a CAGR of 20.6% during the forecast period of 2024-2032.

The COVID-19 outbreak, a throughout reduction in the market was observed in 2020 and smart mobility market growth slowed down in 2021. This decrease can be credited to lowered interest in sharing and carpooling services all over the globe. However, it is believed that the rate of demand for these services is expected to rise in the coming years.

Smart city plans which have been a direct consequence of the Internet of Things are expected to create a massive market opportunity for smart mobility solutions. There are expected to be more than 26 smart cities implemented worldwide in three years, especially in Europe and North America, this will prompt the integration of AI and IoT sensors. Government investments and subsidies add to this growth making the global smart mobility market share grow more with the help of smart devices, machine learning and nanotechnology.

Moreover, the rising use of on-demand transport services catalyzed by the high costs of possessing automobiles contributes to the smart mobility market share. These services are flexible with real-time tracking and adapted through mobile applications ideal for urban corporate people. The growing popularity of smartphones as well as the development of ‘connected’ cars has also increased the accessibility of carpooling and cab services which are relatively cheaper than owning a vehicle. This feature is probably to be enhanced as more and more participants prefer taking vehicles that are dispatched on an as-needed basis.

Comprehensive Analysis of Smart Mobility Market

The smart mobility market along with the information & communication technology industry is expanding at an exponential speed because of the constituted market segments. This market expansion can be deemed as a comprehensive regional analysis taking into account the supply and demand dynamics of the global hardware & software IT services industry. These segmentations are offered systematically and then systematically divided according to by offering, by solution types, and by technology. The offerings include, Bike Commuting, Car Sharing, Ride Sharing, and Others. The solution types include, Traffic Management, Parking Management, Mobility Management, and Others. Eventually, the technology include, AI & ML, IoT, Global Positioning System (GPS), Radio Frequency Identification (RFID), Embedded System, and Others.

North America dominated the market in terms of market share in 2023, and this is attributed to the citizenry in the U.S. and Canada adopting smart mobility solutions because of the high density of people living in urban areas or cities and their engagement in the use of technology. The robust economy of the region supported the funding of intelligent structures including sustainable public transportation and traffic management systems. North American tech giants such as Microsoft, Amazon, and IBM along with new entrants in the region, shared 30% of IoT innovation in transporting and smart cities as well as the self-driving car.

The leading players within the market significantly contribute to the information & communication technology industry for industrial prospectus growth and generally establishing market standards. These players include, Robert Bosch GmbH (Germany), Cisco Systems, Inc. (U.S.), Innoviz Technologies Ltd. (Israel), Ford Motor Company (U.S.), Mindteck (India), Siemens AG (Germany), Excelfore Corporation (U.S.), Toyota Motor Corporation (Japan), QuaLiX Information System LLP (India) and TomTom International BV (Netherlands). These market players offer a level-playing competitive structure.

In January 2024, Targa Telematics, an Italian technology company that focuses on creating connected mobility solutions and IoT offerings, formed a partnership with HERE Technologies, a location data and technology company. Offering clients specific knowledge on the operation of their fleets through HERE Platform APIs, Targa Telematics enhances its fleet management products.

Segmentation Table

Global Smart Mobility Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 20.6% from 2024 to 2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Offering, Solution Type, Technology, and Region

By Offering - Bike Commuting

- Car Sharing

- Ride Sharing

- Others (Smart Parking)

By Solution Type - Traffic Management

- Parking Management

- Mobility Management

- Others (MaaS Integration)

By Technology - AI & ML

- IoT

- Global Positioning System (GPS)

- Radio Frequency Identification (RFID)

- Embedded System

- Others (Cloud Computing)

By Region - North America (By Offering, Solution Type, Technology, and Country)

U.S.
Canada
Mexico

- South America (By Offering, Solution Type, Technology, and Country)

Brazil
Argentina
Rest of South America

- Europe (By Offering, Solution Type, Technology, and Country)

U.K.
Germany
France
Italy
Spain
Russia
Benelux
Nordics
Rest of Europe

- Middle East and Africa (By Offering, Solution Type, Technology, and Country)

Turkey
Israel
GCC
North Africa
South Africa
Rest of the Middle East & Africa

- Asia Pacific (By Offering, Solution Type, Technology, and Country)

China
India
Japan
South Korea
ASEAN
Oceania
Rest of Asia Pacific

Please Note:

1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology/Approach; 1.3. Data Sources
2. Executive Summary
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints, Opportunities and Trends; 3.3. Impact of Generative AI
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players; 4.3. Global Smart Mobility Key Players Market Share/Ranking, 2023
5. Global Smart Mobility Market Size Estimates and Forecasts, By Segments, 2019-2032: 5.1. Key Findings; 5.2. By Offering (USD); 5.2.1. Bike Commuting; 5.2.2. Car Sharing; 5.2.3. Ride Sharing; 5.2.4. Others (Smart Parking, etc.); 5.3. By Solution Type (USD); 5.3.1. Traffic Management; 5.3.2. Parking Management; 5.3.3. Mobility Management; 5.3.4. Others (MaaS Integration, etc.); 5.4. By Technology (USD); 5.4.1. AI & ML; 5.4.2. IoT; 5.4.3. Global Positioning System (GPS); 5.4.4. Radio Frequency Identification (RFID); 5.4.5. Embedded System; 5.4.6. Others (Cloud Computing, etc.); 5.5. By Region (USD); 5.5.1. North America; 5.5.2. South America; 5.5.3. Europe; 5.5.4. Middle East & Africa; 5.5.5. Asia Pacific
6. North America Smart Mobility Market Size Estimates and Forecasts, By Segments, 2019-2032: 6.1. Key Findings; 6.2. By Offering (USD); 6.2.1. Bike Commuting; 6.2.2. Car Sharing; 6.2.3. Ride Sharing; 6.2.4. Others; 6.3. By Solution Type (USD); 6.3.1. Traffic Management; 6.3.2. Parking Management; 6.3.3. Mobility Management; 6.3.4. Others; 6.4. By Technology (USD); 6.4.1. AI & ML; 6.4.2. IoT; 6.4.3. Global Positioning System (GPS); 6.4.4. Radio Frequency Identification (RFID); 6.4.5. Embedded System; 6.4.6. Others; 6.5. By Country (USD); 6.5.1. United States; 6.5.2. Canada; 6.5.3. Mexico
7. South America Smart Mobility Market Size Estimates and Forecasts, By Segments, 2019-2032: 7.1. Key Findings; 7.2. By Offering (USD); 7.2.1. Bike Commuting; 7.2.2. Car Sharing; 7.2.3. Ride Sharing; 7.2.4. Others; 7.3. By Solution Type (USD); 7.3.1. Traffic Management; 7.3.2. Parking Management; 7.3.3. Mobility Management; 7.3.4. Others; 7.4. By Technology (USD); 7.4.1. AI & ML; 7.4.2. IoT; 7.4.3. Global Positioning System (GPS); 7.4.4. Radio Frequency Identification (RFID); 7.4.5. Embedded System; 7.4.6. Others; 7.5. By Country (USD); 7.5.1. Brazil; 7.5.2. Argentina; 7.5.3. Rest of South America
8. Europe Smart Mobility Market Size Estimates and Forecasts, By Segments, 2019-2032: 8.1. Key Findings; 8.2. By Offering (USD); 8.2.1. Bike Commuting; 8.2.2. Car Sharing; 8.2.3. Ride Sharing; 8.2.4. Others; 8.3. By Solution Type (USD); 8.3.1. Traffic Management; 8.3.2. Parking Management; 8.3.3. Mobility Management; 8.3.4. Others; 8.4. By Technology (USD); 8.4.1. AI & ML; 8.4.2. IoT; 8.4.3. Global Positioning System (GPS); 8.4.4. Radio Frequency Identification (RFID); 8.4.5. Embedded System; 8.4.6. Others; 8.5. By Country (USD); 8.5.1. United Kingdom; 8.5.2. Germany; 8.5.3. France; 8.5.4. Italy; 8.5.5. Spain; 8.5.6. Russia; 8.5.7. Benelux; 8.5.8. Nordics; 8.5.9. Rest of Europe
9. Middle East & Africa Smart Mobility Market Size Estimates and Forecasts, By Segments, 2019-2032: 9.1. Key Findings; 9.2. By Offering (USD); 9.2.1. Bike Commuting; 9.2.2. Car Sharing; 9.2.3. Ride Sharing; 9.2.4. Others; 9.3. By Solution Type (USD); 9.3.1. Traffic Management; 9.3.2. Parking Management; 9.3.3. Mobility Management; 9.3.4. Others; 9.4. By Technology (USD); 9.4.1. AI & ML; 9.4.2. IoT; 9.4.3. Global Positioning System (GPS); 9.4.4. Radio Frequency Identification (RFID); 9.4.5. Embedded System; 9.4.6. Others; 9.5. By Country (USD); 9.5.1. Turkey; 9.5.2. Israel; 9.5.3. GCC; 9.5.4. North Africa; 9.5.5. South Africa; 9.5.6. Rest of MEA
10. Asia Pacific Smart Mobility Market Size Estimates and Forecasts, By Segments, 2019-2032: 10.1. Key Findings; 10.2. By Offering (USD); 10.2.1. Bike Commuting; 10.2.2. Car Sharing; 10.2.3. Ride Sharing; 10.2.4. Others; 10.3. By Solution Type (USD); 10.3.1. Traffic Management; 10.3.2. Parking Management; 10.3.3. Mobility Management; 10.3.4. Others; 10.4. By Technology (USD); 10.4.1. AI & ML; 10.4.2. IoT; 10.4.3. Global Positioning System (GPS); 10.4.4. Radio Frequency Identification (RFID); 10.4.5. Embedded System; 10.4.6. Others; 10.5. By Country (USD); 10.5.1. China; 10.5.2. India; 10.5.3. Japan; 10.5.4. South Korea; 10.5.5. ASEAN; 10.5.6. Oceania; 10.5.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases): 11.1. Robert Bosch GmbH; 11.1.1. Overview; 11.1.1.1. Key Management; 11.1.1.2. Headquarters; 11.1.1.3. Offerings/Business Segments; 11.1.2. Key Details (Key details are consolidated data and not product/service specific); 11.1.2.1. Employee Size; 11.1.2.2. Past and Current Revenue; 11.1.2.3. Geographical Share; 11.1.2.4. Business Segment Share; 11.1.2.5. Recent Developments; 11.2. Cisco Systems, Inc.; 11.2.1. Overview; 11.2.1.1. Key Management; 11.2.1.2. Headquarters; 11.2.1.3. Offerings/Business Segments; 11.2.2. Key Details (Key details are consolidated data and not product/service specific); 11.2.2.1. Employee Size; 11.2.2.2. Past and Current Revenue; 11.2.2.3. Geographical Share; 11.2.2.4. Business Segment Share; 11.2.2.5. Recent Developments; 11.3. Innoviz Technologies Ltd.; 11.3.1. Overview; 11.3.1.1. Key Management; 11.3.1.2. Headquarters; 11.3.1.3. Offerings/Business Segments; 11.3.2. Key Details (Key details are consolidated data and not product/service specific); 11.3.2.1. Employee Size; 11.3.2.2. Past and Current Revenue; 11.3.2.3. Geographical Share; 11.3.2.4. Business Segment Share; 11.3.2.5. Recent Developments; 11.3.2.6. Developments; 11.4. Ford Motor Company; 11.4.1. Overview; 11.4.1.1. Key Management; 11.4.1.2. Headquarters; 11.4.1.3. Offerings/Business Segments; 11.4.2. Key Details (Key details are consolidated data and not product/service specific); 11.4.2.1. Employee Size; 11.4.2.2. Past and Current Revenue; 11.4.2.3. Geographical Share; 11.4.2.4. Business Segment Share; 11.4.2.5. Recent Developments; 11.5. Mindteck; 11.5.1. Overview; 11.5.1.1. Key Management; 11.5.1.2. Headquarters; 11.5.1.3. Offerings/Business Segments; 11.5.2. Key Details (Key details are consolidated data and not product/service specific); 11.5.2.1. Employee Size; 11.5.2.2. Past and Current Revenue; 11.5.2.3. Geographical Share; 11.5.2.4. Business Segment Share; 11.5.2.5. Recent Developments; 11.6. Siemens AG; 11.6.1. Overview; 11.6.1.1. Key Management; 11.6.1.2. Headquarters; 11.6.1.3. Offerings/Business Segments; 11.6.2. Key Details (Key details are consolidated data and not product/service specific); 11.6.2.1. Employee Size; 11.6.2.2. Past and Current Revenue; 11.6.2.3. Geographical Share; 11.6.2.4. Business Segment Share; 11.6.2.5. Recent Developments; 11.7. Excelfore Corporation; 11.7.1. Overview; 11.7.1.1. Key Management; 11.7.1.2. Headquarters; 11.7.1.3. Offerings/Business Segments; 11.7.2. Key Details (Key details are consolidated data and not product/service specific); 11.7.2.1. Employee Size; 11.7.2.2. Past and Current Revenue; 11.7.2.3. Geographical Share; 11.7.2.4. Business Segment Share; 11.7.2.5. Recent Developments; 11.8. Toyota Motor Corporation; 11.8.1. Overview; 11.8.1.1. Key Management; 11.8.1.2. Headquarters; 11.8.1.3. Offerings/Business Segments; 11.8.2. Key Details (Key details are consolidated data and not product/service specific); 11.8.2.1. Employee Size; 11.8.2.2. Past and Current Revenue; 11.8.2.3. Geographical Share; 11.8.2.4. Business Segment Share; 11.8.2.5. Recent Developments; 11.9. QuaLiX Information System LLP; 11.9.1. Overview; 11.9.1.1. Key Management; 11.9.1.2. Headquarters; 11.9.1.3. Offerings/Business Segments; 11.9.2. Key Details (Key details are consolidated data and not product/service specific); 11.9.2.1. Employee Size; 11.9.2.2. Past and Current Revenue; 11.9.2.3. Geographical Share; 11.9.2.4. Business Segment Share; 11.9.2.5. Recent Developments; 11.10. TomTom International BV; 11.10.1. Overview; 11.10.1.1. Key Management; 11.10.1.2. Headquarters; 11.10.1.3. Offerings/Business Segments; 11.10.2. Key Details (Key details are consolidated data and not product/service specific); 11.10.2.1. Employee Size; 11.10.2.2. Past and Current Revenue; 11.10.2.3. Geographical Share; 11.10.2.4. Business Segment Share; 11.10.2.5. Recent Developments
12. Key Takeaways