Wednesday, June 12, 2024
No menu items!
HomeBusinessSmart Mobility Market Trends, Size, Share, Growth, Analysis, Report, Forecast 2023-2028

Smart Mobility Market Trends, Size, Share, Growth, Analysis, Report, Forecast 2023-2028

click here
Click here

The new report by Expert Market Research titled, ‘Global Smart Mobility Market Growth, Share, Price, Trends, Report and Forecast 2023-2028’, gives an in-depth analysis of the global smart mobility market, assessing the market based on its segments like elements, solutions, technology, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2018-2028)

Forecast CAGR (2023-2028): 21%

As the world’s population grows, so does the pace of urbanisation, resulting in greater demand for transportation services. As a result, smart mobility solutions are being used more frequently. Furthermore, the rising need for transportation, combined with rising consumer eco-consciousness, is encouraging people to carpool and use cab services and ride-sharing services, which is projected to drive market expansion. Furthermore, the government’s increasing investment in the construction of smart cities is likely to fuel market growth.

Get a Free Sample Report with Table of Contents –

Electric cars are also being introduced into the market as a result of the following technology improvements, which are predicted to lessen the use of fossil fuel-based energy supplies. Furthermore, leading manufacturers’ increased investments in smart mobility solution research and development, as well as the integration of cutting-edge technologies such as artificial intelligence (AI), Mobility-as-a-Service (MaaS), and others, are expected to significantly contribute to market growth over the forecast period.

Industry Definition and Major Segments

Smart mobility is a new term for an intelligent transportation and mobility network that links modes of transportation through wireless communication technologies and uses real-time data analytics and machine learning technology to improve the travel experience. Smart mobility technology makes commuting more inexpensive by providing a variety of transportation options, such as quick mass transit, vehicle sharing, and on-demand mobility solutions. This technology network enables mobility both economically and environmentally viable, as well as socially equal.

Read Full Report with Table of Contents –

Based on elements, the market is segmented into:

Bike Commuting
Car Sharing
Ride Sharing

Based on solution, the market can be divided into:

Traffic Management
Parking Management
Mobility Management

On the basis of technology, the industry can be divided into:

3G and 4G
Global Positioning System (GPS)
Radio Frequency Identification (RFID)
Embedded Systems

On the Basis of region, the market can be divided into:

North America
The Asia Pacific
Latin America
The Middle East and Africa

Market Trends

The global positioning system (GPS) category is expected to hold a considerable market share in the smart mobility industry, based on technology. This increase can be ascribed to the increased use of GPS technology in carpooling and cab services, which allows for quick tracking of people using satellite signals to calculate their whereabouts. Furthermore, GPS technology aids in the reduction of fuel expenses while also enhancing safety and productivity.

It also allows for smart route planning with automated real-time warnings, which adds to its total market success. In the forecast term, these factors are expected to contribute to the segment’s growth. In the forecast period, Asia Pacific is expected to have a significant proportion of the smart mobility market. This rise can be linked to the region’s rapid population expansion, as well as expanding urbanisation tendencies, which are driving up consumer demand for smart mobility solutions.

Furthermore, in countries like India, where 70 percent of the population is forecast to live in cities by 2050, mobility requirements are expected to create difficulties such as air pollution and traffic congestion, driving up demand for smart mobility solutions in the region. These elements are expected to have a favourable impact on the growth of the smart mobility industry in the Asia Pacific.

Key Market Players

The major players in the market are Cisco Systems, Inc., Hitachi Ltd., Ford Motor Company, Siemens Mobility, Robert Bosch GmbH, Excelfore Corporation, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Related Reports:

Heavy Mining Equipment Market-

Deepwater And Ultra-Deepwater Drilling Market-

Diesel Bottled (Aftermarket) Fuel Additives Market-

Electric Mop Market-

Egg Powder Market-

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person: Christopher, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gloud Street, Sheridan, WY 82801, USA

Click here


Please enter your comment!
Please enter your name here

Most Popular

Recent Comments