Global Smart Mobility Market Size & Share to 2027

Global Smart Mobility Market Size & Share to 2027

Global Smart Mobility Market Size, Trends & Growth Opportunity, By Element (Bike Commuting, Car Sharing, and Ride Sharing) By Solution (Traffic Management, Parking Management, Mobility Management, and Others), By Technology (3G & 4G, Wi-Fi, GPS, RFID, Embedded System, and Others), By Region and Forecast till 2027

Global Smart Mobility Market

Smart mobility is the technology which uses different means of transportation to travel from one place to another without using personal vehicles. It includes the concept of car-pooling, bike sharing, ride sharing, and using public transports rather than personal vehicles. Increase the need for smart mobility due to attributed increased traffic conditions across the world and it is supplemented by its related side effects like pollution, and traffic jams.

Market Drivers

Rise in demand for on-demand transportation services is considered as key driving factor which is expected to boost the global smart mobility market growth. Furthermore, increase in technological developments and innovations will positively contribute the market growth. For instance, in August 2019, DENSO had launched its first smart mobility Ecosystem, in Dublin. It is designed to enhance transportation. Also, increase in collaborations of key players is expected to propel the market growth. For instance, in January 2020, Hyundai and KIA collaborated with Ola for improvement of smart mobility solutions. Ola is the biggest ride-hailing provider of India. The two companies have decided to invest around $ 300 million in the project. The aim of this collaboration is to build and develop smart mobility services in India.

Market Restraints

However, low rate of internet penetration in developing regions is the major challenging factor which is expected to hinder the global smart mobility market growth. Also, data privacy and security is another restraining factor which is expected to hamper the market growth during this forecast period.

Market Segmentation

Global Smart Mobility Market is segmented into element such as Bike Commuting, Car Sharing, and Ride Sharing, by solution such as Traffic Management, Parking Management, Mobility Management, and Others. Further, market is segmented into technology such as 3G & 4G, Wi-Fi, GPS, RFID, Embedded System, and Others.

Also, Global Smart Mobility Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Cisco, Excelfore Corporation, Ola, Ford Motor Company, Hyundai, Kia, MAAS Global Oy, QuaLiX Information System, Robert Bosch GmbH, Siemens, TomTom International, and Toyota Motor Corporation

Market Taxonomy

By Element

• Bike Commuting
• Car Sharing
• Ride Sharing

By Solution

• Traffic Management
• Parking Management
• Mobility Management
• Others

By Technology

• 3G & 4G
• Wi-Fi
• GPS
• RFID
• Embedded System
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Smart Mobility Market?
• What will be the growth rate from 2019 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?

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