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The global smart mobility 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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Smart mobility involves the utilization of innovative technologies in order to offer an efficient, sustainable and resilient mode of transportation to the masses. This consists of on-demand ride services, adoption of electric vehicles (EVs) and shared transportation services that help in streamlining the urban economies while improving road safety facilities. Additionally, it aids in providing intelligent and eco-friendly commutation services to the masses while contributing to the economic growth. As a result, it helps in improving the traffic management system and managing parking areas efficiently while reducing greenhouse gas (GHG) emissions.
The global market is primarily driven by the increasing environmental concerns among the masses. This has escalated the adoption of shared services and electronic vehicles (EVs) across the globe, thereby favorably impacting the market growth. Along with this, continual technological advancements in the transportation sector are creating a positive outlook for the market. Also, the widespread integration of Artificial Intelligence (AI), cloud-based solutions and the Internet of Things (IoT) with smart mobility solutions are acting as a major growth-inducing factor. Moreover, rapid digitization and the presence of high-speed internet connectivity are positively influencing the market growth. Furthermore, the increasing government initiatives toward the development of smart cities are considered to be one of the key factors driving the growth of the market. Other factors, including rapid urbanization, continuous improvements in the automotive industry and extensive research and development (R&D) activities conducted by key players, are also contributing to the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart mobility market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology, solution and element.
Breakup by Technology:
Breakup by Solution:
Breakup by Element:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
|Base Year of the Analysis||2021|
|Segment Coverage||Technology, Solution, Element, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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