Global Smart Mobility Market Size to Surpass USD 252.06 Billion at a CAGR of 13.6% Growth By 2034

According to the report, the global smart mobility market size was valued at approximately USD 70.42 billion in 2024 and is predicted to reach around USD 252.06 billion by the end of 2034, expanding at a CAGR of around 13.6% from 2025 to 2034.

Browse the full “Smart Mobility Market By Element (Ride Sharing, Vehicle Sharing, Public Transport, Mobility-as-a-Service (MaaS), Electric Mobility, Autonomous Vehicles), By Solution Type (Traffic Management, Parking Management, Mobility Management, Others), By Technology (3G/4G/5G, GPS, RFID, NFC), By Transportation Mode (Roadways, Railways, Airways, Waterways), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034​” Report at https://www.zionmarketresearch.com/report/smart-mobility-market

Smart City initiatives and demand for transportation solutions To Spur Growth

The global smart mobility market is growing at a rapid rate. Factors such as the rise in smart city projects, the increasing use of digital platforms to manage traveler journeys end-to-end, and the growing need for smart mobility owing to the rise in traffic congestion are boosting the growth of the global market. Further, the mode of transportation is either by public transportation system or by individually owned cars. With the rise in population and urbanization, in cities across the world, road traffic has become a huge problem. It has been reported that in 2017, economically, the United States lost $305 billion just because of traffic congestion, and on average, an American spends almost 34 hours annually in traffic, which is also a waste of time. In such cases, smart mobility offers a revolutionary and new way of thinking with a new vision of zero ownership, zero accidents, and zero emissions in an efficient, safer, and cleaner manner. It also helps to reduce fatalities, decrease congestion, and is an economic game-changer.

All these factors have led to a rise in the adoption of smart mobility, which in turn is fostering the growth of the global smart mobility market. In addition to this, growing network infrastructure and an increase in the adoption of smart mobility for fleet management are also contributing equally to the overall market growth. Furthermore, the advancement in technologies to develop state-of-the-art solutions of smart mobility and the workforce to provide in a customer-centric and responsive manner may provide ample opportunities for the growth of the global smart mobility market over the forecast period. However, low penetration of the internet & smart mobility market in low & middle-income countries and growing concerns of security & data privacy are some of the factors that may hamper the growth of the global smart mobility market.

The emergence of the COVID-19 pandemic has impacted the growth of the global smart mobility market. The restrictions on movement and strict lockdown imposed by most governments across the countries have put constraints on transportation. Thus, a decrease in the demand for carpooling, car sharing, and on-demand ride services has been witnessed. In addition to this, the impact on fleet management was also observed as the transportation sector was affected by the outbreak of COVID-19. However, the implementation of safety measures and putting constraints on the number of passengers while traveling in the different modes of alternative mobility may result in a steady growth rate during the forecast period.

The global smart mobility market is segmented based on element, solution type, technology, transportation mode, and region.

Based on Element, the global smart mobility market is divided into ride sharing, vehicle sharing, public transport, mobility-as-a-service (MaaS), electric mobility, and autonomous vehicles. On the basis of Solution Type, the global smart mobility market is bifurcated into traffic management, parking management, mobility management, and others. By Technology, the global smart mobility market is split into 3G/4G/5G, GPS, RFID, and NFC. In terms of Transportation Mode, the global smart mobility market is categorized into roadways, railways, airways, and waterways.

Smart Mobility Market: Report Scope

Presence of Big Players in the Region Supports North America's Dominance

Regionally, North America is anticipated to dominate the global smart mobility market and is expected to continue its dominance during the forecast period. Factors such as the growing adoption of smart mobility, growing concerns about traffic congestion, and the presence of well-established network infrastructure supporting smart mobility are propelling the growth of the market in this region. On the other hand, the Asia Pacific region is estimated to be the fastest-growing region. This is attributed to the rise in demand for carpooling & car-sharing, expanding transportation business, and the growing necessity of traffic management.

Smart Mobility Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the smart mobility market on a global and regional basis.

The global smart mobility market is dominated by players like:

• Cardinal matrix
• Cisco Systems Inc.
• Toyota Motor Corporation
• Siemens AG
• TomTom N.V.
• Robert Bosch GmbH
• Excelfore Corporation
• Ford Motor Company
• among others.

The global smart mobility market is segmented as follows;

By Element

• Ride Sharing
• Vehicle Sharing
• Public Transport
• Mobility-as-a-Service (MaaS)
• Electric Mobility
• Autonomous Vehicles

By Solution Type

• Traffic Management
• Parking Management
• Mobility Management
• Others

By Technology

• 3G/4G/5G
• GPS
• RFID
• NFC

By Transportation Mode

• Roadways
• Railways
• Airways
• Waterways

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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