Smart Mobility Market Opportunity Assessment and Forecast up to 2027

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Smart Mobility Market
COVID-19 pandemic has increased the demand for
safer and securer means of transportation due to
which the need for car sharing or car pooling has
been affected thus leading to a sluggish growth
of the global smart mobility market. Smart
mobility is the use of different modes of
transportation rather than using ones own
vehicles to reduce number of vehicles running on
roads. Smart mobility comprises different
concepts such as ride sharing, car sharing, and
bike commuting across cities to improve traffic
conditions. The need for smart mobility increased
across the globe owing to several factors such as
increase in pollution, rise in fatalities, and
wastage of time, if stuck in traffic jams. Smart
mobility is a revolutionary idea for utilizing
the available transportation resources in a safer
and efficient way to ensure zero emission, least
or no accidents and with no ownership of vehicles.
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The global smart mobility market was valued at
34.04 billion in 2019, and is projected to reach
70.46 billion by 2027, registering a CAGR of
20.2. Rise in trend of on-demand
transportation services and government
initiatives for smart cities lead to growth of
the global smart mobility market. Moreover, low
rate of internet penetration in developing
regions and threat of data hacking are the
factors that are expected to restrain the smart
mobility market during the forecast period.
However, intelligent transportation systems and
improved performance of autonomous vehicles are
the factors expected to provide lucrative
opportunities for the market growth.
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• Key Benefits for Stakeholders
• This study presents analytical depiction of the
  global smart mobility market analysis along with
  the current trends and future estimations to
  depict imminent investment pockets.
• The overall smart mobility market opportunity is
  determined by understanding profitable trends to
  gain a stronger foothold.
• The report presents information related to the
  key drivers, restraints, and opportunities of the
  global smart mobility market with a detailed
  impact analysis.
• The current smart mobility market is
  quantitatively analyzed from 2019 to 2027 to
  benchmark the financial competency.
• Porters five forces analysis illustrates the
  potency of the buyers and suppliers in the
  industry.

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• Major Companies
• Cisco
• Excelfore Corporation
• Ford Motor Company
• Innoviz Technologies. Inc.
• MAAS Global Oy
• QuaLiX Information System
• Robert Bosch GmbH
• Siemens
• TomTom International
• Toyota Motor Corporation

COVID-19 impact
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